FMAO Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	163.73	158.61	145.33	129.34	94.26	71.65
Interest Income on Investments	16.78	14.93	18.24	10.46	6.89	5.2
Total Interest Income	180.5	173.54	163.57	139.81	101.15	76.84
Interest Paid on Deposits	56.76	58.18	64.46	46.92	9.88	5.42
Interest Paid on Borrowings	9.67	11.07	13.2	11.49	4.48	1.92
Total Interest Expense	66.43	69.25	77.66	58.41	14.36	7.34
Net Interest Income	114.07	104.29	85.91	81.4	86.79	69.5
Net Interest Income Growth	14.82%	21.39%	5.55%	-6.21%	24.88%	16.26%
Gain (Loss) on Sale of Investments	-0.35	-	-	-0.89	-	0.29
Other Non-Interest Income	18.34	15.89	14.69	16.23	14.18	13.42
Total Non-Interest Income	20.02	17.18	15.55	16.04	15.54	17.61
Non-Interest Income Growth	21.56%	10.46%	-3.06%	3.24%	-11.77%	7.65%
Revenues Before Loan Losses	134.09	121.47	101.46	97.44	102.32	87.11
Provision for Loan Losses	1.57	2.09	0.27	1.74	4.6	3.44
Revenue	132.52	119.38	101.19	95.69	97.72	83.66
Revenue Growth	16.18%	17.97%	5.74%	-2.08%	16.81%	20.98%
Salaries and Employee Benefits	41.26	39.34	37.16	32.97	28.46	25.79
Federal Deposit Insurance	1.58	1.72	2.11	1.98	0.91	1.07
Amortization of Goodwill & Intangibles	3.2	3.36	2.6	2.39	1.28	1.58
Selling, General & Administrative	26.82	27	22.65	24.7	19.84	18.13
Other Non-Interest Expense	5.68	5.39	4.17	5.15	4.67	3.31
Total Non-Interest Expense	78.38	76.85	68.62	67.34	54.89	50.31
EBT Excluding Unusual Items	54.15	42.53	32.57	28.35	42.84	33.36
Pretax Income	54.15	42.53	32.57	28.35	40.48	29.5
Income Tax Expense	11.44	9.22	6.64	5.57	7.96	6
Net Income	42.71	33.31	25.94	22.79	32.52	23.5
Preferred Dividends & Other Adjustments	0.41	0.41	0.51	0.25	0.28	0.19
Net Income to Common	42.3	32.9	25.43	22.54	32.23	23.3
Net Income Growth	35.10%	29.37%	12.84%	-30.07%	38.31%	16.86%
Basic Shares Outstanding	14	14	13	13	13	12
Diluted Shares Outstanding	14	14	13	13	13	12
Shares Change	1.15%	1.05%	-0.55%	3.07%	13.15%	4.60%
EPS (Basic)	3.11	2.43	1.90	1.67	2.46	2.01
EPS (Diluted)	3.11	2.43	1.90	1.67	2.46	2.01
EPS Growth	33.57%	28.02%	13.49%	-32.11%	22.39%	11.67%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	0.930	0.900	0.882	0.850	0.800	0.710
Dividend Growth	4.35%	1.98%	3.82%	6.25%	12.68%	7.58%
Effective Tax Rate	21.13%	21.67%	20.37%	19.63%	19.67%	20.35%

SEC Filings: 10-K · 10-Q