Welcome to our dedicated page for First Farmers news (Ticker: FFMH), a resource for investors and traders seeking the latest updates and insights on First Farmers stock.
First Farmers & Merchants Corporation (FFMH) provides investors and stakeholders with essential updates through this centralized news hub. Track the Tennessee-based community bank’s latest developments including earnings announcements, leadership updates, product launches, and community initiatives.
This resource offers timely access to press releases and financial disclosures critical for evaluating FFMH’s market position. Users will find updates on deposit services, agricultural lending programs, and risk management strategies that reflect the bank’s commitment to community-focused financial solutions.
Key content categories include quarterly financial results, regulatory filings, branch expansions, and community reinvestment efforts. Each update is curated to support informed decision-making while maintaining compliance with financial disclosure standards.
Bookmark this page for streamlined access to First Farmers’ official communications. Combine these updates with Stock Titan’s analytical tools to monitor the bank’s performance within the regional financial sector.
First Farmers and Merchants (FFMH) held its annual shareholders meeting where nine directors were elected and Plante & Moran, PLLC was ratified as the company's independent registered public accounting firm for fiscal year 2025.
Chairman and CEO Brian K. Williams highlighted that 2024 results were strengthened by strategic balance sheet initiatives that reduced interest expense and improved net interest margin. The company experienced increasing net interest income and earnings in each quarter of 2024, with Q4 achieving the highest quarterly earnings since Q2 2021.
Williams emphasized the company's strong balance sheet, excellent liquidity, and capital levels supporting strategic growth objectives. The company enters 2025 with positive momentum across key performance indicators and an optimistic earnings outlook.
First Farmers and Merchants (OTC Pink: FFMH) has announced a quarterly cash dividend of $0.27 per share. The dividend will be paid on April 16, 2025, to shareholders of record as of April 1, 2025. This represents a significant 12.5% increase compared to the dividend paid during the same period in the previous year.
First Farmers and Merchants (OTC Pink: FFMH) has announced the appointment of Jill A. Giles as Chief Financial Officer and Corporate Secretary, effective immediately. Giles replaces Robert E. Krimmel, who is departing to pursue other opportunities.
Giles, who will maintain her role as Bank CFO, joined First Farmers in 2013 as Controller and was later promoted to Chief Accounting Officer. She was named Bank CFO on January 1, 2024. Her career highlights include receiving the First Farmers Innovation Award in 2018 for implementing efficient accounts payable solutions. Prior to First Farmers, she worked in public accounting as an audit manager specializing in community banks.
She holds a BS in accounting from The University of Tennessee at Martin and an MS in accounting from Middle Tennessee State University. Giles is a Certified Public Accountant and member of the American Institute of Certified Public Accountants.
First Farmers and Merchants (FFMH) reported strong Q4 2024 results with net income rising 36.4% to $1.20 per share. Net interest income increased 20.9% to $12.1 million, while net interest margin improved for the fourth consecutive quarter to 2.82%.
For full-year 2024, net income remained steady at $16.0 million, with earnings per share growing 2.6% to $3.90. The company saw loans decline 2.0% to $999 million, while average core deposit balances grew by $43.6 million (3.5%). Book value per share increased 14.5% to $34.06.
Notable achievements include record earnings in trust services ($4.7 million) with $6.2 billion in administered trust assets. The Board authorized a new stock repurchase program of 200,000 shares for 2025 and increased the cash dividend by 5.3% in 2024.
First Farmers and Merchants (OTC Pink: FFMH) has announced a quarterly cash dividend of $0.27 per share. The dividend will be paid on January 16, 2025, to shareholders of record as of January 2, 2025. This represents a significant 12.5% increase compared to the dividend paid during the same period in the previous year, demonstrating the company's commitment to shareholder returns.
First Farmers and Merchants (FFMH) reported strong third quarter 2024 results with net income rising 18.4% to $4.0 million and earnings per share increasing 22.8% to $0.97. The company's book value jumped 50.6% to $35.56 per share. Net interest income grew 13.5% to $11.4 million, while net interest margin improved for the third consecutive quarter to 2.55%. The Board increased quarterly cash dividend by 12.5% to $0.27 per share. The company reported its lowest level of nonperforming assets in over a year, with improved efficiency at 66.36%.
First Farmers and Merchants (OTC Pink: FFMH) has announced a 12.5% increase in its regular quarterly cash dividend. The new dividend of $0.27 per share, up from $0.24, will be paid on October 21, 2024, to shareholders of record as of October 7, 2024.
Brian K. Williams, Chairman and CEO of First Farmers, stated that this increase reflects the company's positive outlook and continued growth opportunities. He emphasized that the higher dividend demonstrates confidence in the company's trajectory and commitment to building long-term shareholder value. Williams also noted that First Farmers has strong fundamentals and has positioned its balance sheet to deliver improving net interest income in the coming quarters.
First Farmers and Merchants (OTC Pink: FFMH) reported second quarter 2024 results with mixed performance. Net income decreased 24.8% year-over-year to $3.8 million but increased 10.9% from the previous quarter. Key highlights include:
- Record loans of $1.054 billion, up 9.2% year-over-year
- Net interest margin improved to 2.48%
- Efficiency improved to 67.37% from 69.72% in Q1 2024
- Book value per share increased 20.1% year-over-year to $30.68
- Total stock repurchased increased 119.6% from Q1 2024
The company faced challenges from higher interest rates but remains optimistic about future performance based on loan pipeline and strategic balance sheet management.
First Farmers and Merchants (OTC Pink: FFMH) has declared its 100th cash dividend. The quarterly cash dividend of $0.24 per share, reflecting a 4.3% increase from the previous year, will be paid on July 22, 2024, to shareholders on record as of July 8, 2024. The milestone underscores the Board's commitment to consistent shareholder returns. First Farmers has been paying dividends since 1983 and shifted to quarterly payouts in 2016 to offer more frequent capital returns. CEO Brian K. Williams emphasized the importance of strong dividend payouts for long-term shareholder value and expressed optimism about the company's strategic direction and future earnings performance.
First Farmers and Merchants (OTC Pink: FFMH) announced the hiring of Teresa Matthews as Secondary Mortgage Operations Manager. Matthews brings over 20 years of experience in mortgage operations and secondary market management. She previously served as Mortgage Operations Manager and Senior VP at Lineage Bank. Her new role at First Farmers involves managing risk, quality assurance, and secondary markets. Matthews’ expertise is expected to contribute significantly to the bank's strategic goals.
