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Complete financial analysis of Farmers Bankshares, Inc. (FBVA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Farmers Bankshares, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Farmers Bankshares, Inc. (FBVA)
About Farmers Bankshares, Inc.
Farmers Bankshares, Inc. operates as the bank holding company for Farmers Bank that provides various banking products and services to small and mid-sized businesses, professionals, corporate executives, and entrepreneurs primarily in southeastern Virginia. The company offers personal and business checking and savings accounts. It also provides personal loans, including residential lot, construction, vehicle, and unsecured personal loans, as well as home equity lines of credit; mortgage loans; commercial loans, such as working capital lines of credit, equipment loans, commercial mortgage loans, real estate investment loans, and standby letters of credit; and real estate development loans comprising acquisition and development loans, construction loans, agricultural loans, and operating lines of credit. In addition, the company offers insurance agency services; credit and debit cards, and overdrafts; automatic teller machine, direct pay, safe deposit box, wire transfer, online cash management, merchant, and remote deposit capture services; and online and telephone banking services. It operates eight branches. The company was founded in 1919 and is headquartered in Windsor, Virginia.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 683.76M | 30.22M | 27.19M | 26.64M | 517.20M | 330.63M | 314.93M | 307.27M | 308.51M | 184.30M | 183.22M |
| Cost of Revenue | 0.00 | -707.73M | -572.45M | -622.95M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 683.76M | 737.95M | 599.64M | 649.60M | 517.20M | 330.63M | 314.93M | 307.27M | 308.51M | 184.30M | 183.22M |
| Gross Profit Ratio | 100.00% | 2,441.86% | 2,205.51% | 2,437.96% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 50.10M | 48.04M | 38.94M | 35.59M | 28.68M | 28.80M | 31.44M | 29.73M | 27.89M | 16.82M | 16.26M |
| Selling & Marketing | 9.24M | 9.88M | 9.89M | 11.57M | 10.04M | 7.80M | 7.76M | 7.22M | 6.41M | 4.31M | 5.47M |
| SG&A | 329.12M | 317.51M | 299.25M | 286.52M | 235.46M | 185.01M | 181.39M | 176.54M | 177.00M | 111.99M | 109.79M |
| Other Expenses | 0.00 | -4.63M | -4.37M | -4.54M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 403.80M | 4.63M | 4.37M | 4.54M | 337.77M | 225.67M | 213.09M | 216.88M | 238.22M | 137.05M | 133.48M |
| Cost & Expenses | 403.80M | 19.73M | 20.47M | 20.53M | 337.77M | 225.67M | 213.09M | 216.88M | 238.22M | 137.05M | 133.48M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 294.03K | 361.40K | 555.81K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | -301.01M | -368.54M | -243.96M | -300.87M | -242.77M | -124.26M | -117.06M | -113.12M | -116.72M | -61.20M | -62.09M |
| EBITDA | -32.92M | -61.65M | -63.32M | -69.62M | -63.34M | -19.29M | -15.22M | -22.73M | 4.76M | -13.95M | -12.35M |
| EBITDA Ratio | -4.82% | -203.99% | -232.89% | -261.27% | -12.25% | -5.84% | -4.83% | -7.40% | -15.05% | -7.57% | -6.74% |
| Operating Income | 301.01M | 368.54M | 243.96M | 300.87M | 242.77M | 124.26M | 117.06M | 113.12M | 116.72M | 61.20M | 62.09M |
| Operating Income Ratio | 44.02% | 1,219.49% | 897.28% | 1,129.18% | 46.94% | 37.58% | 37.17% | 36.81% | 37.83% | 33.21% | 33.89% |
| Total Other Income/Expenses | -21.06M | -358.00M | -237.27M | -294.77M | -237.06M | -118.04M | -111.74M | -108.38M | -112.45M | -13.95M | -12.35M |
| Income Before Tax | 279.95M | 10.54M | 6.69M | 6.10M | 179.43M | 104.97M | 101.84M | 90.39M | 70.29M | 47.25M | 49.74M |
| Income Before Tax Ratio | 40.94% | 34.88% | 24.59% | 22.88% | 34.69% | 31.75% | 32.34% | 29.42% | 22.78% | 25.64% | 27.15% |
| Income Tax Expense | 45.44M | 1.64M | 814.66K | 738.36K | 30.02M | 32.79M | 25.94M | 23.31M | 18.13M | 12.89M | 14.33M |
| Net Income | 222.64M | 8.49M | 5.41M | 5.10M | 149.41M | 72.18M | 75.90M | 67.08M | 52.16M | 34.37M | 35.41M |
| Net Income Ratio | 32.56% | 28.08% | 19.88% | 19.13% | 28.89% | 21.83% | 24.10% | 21.83% | 16.91% | 18.65% | 19.33% |
| EPS | 2.97 | 2.72 | 1.74 | 1.66 | 2.27 | 1.65 | 1.73 | 1.49 | 1.13 | 1.37 | 1.37 |
| EPS Diluted | 2.97 | 2.72 | 1.74 | 1.66 | 2.27 | 1.65 | 1.73 | 1.49 | 1.13 | 1.37 | 1.37 |
| Weighted Avg Shares Out | 74.95M | 3.12M | 3.10M | 3.06M | 65.86M | 43.74M | 43.89M | 45.05M | 46.13M | 25.03M | 25.87M |
| Weighted Avg Shares Out (Dil) | 74.95M | 3.12M | 3.10M | 3.06M | 65.91M | 43.78M | 43.89M | 45.14M | 46.16M | 25.08M | 25.90M |
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Source: https://incomestatements.info
Category: Stock Reports