First Farmers and Merchants Corporation Declares Quarterly Cash Dividend of $0.23 Per Share

Rhea-AI Summary

First Farmers and Merchants Corporation (OTC Pink: FFMH) has declared a quarterly cash dividend of $0.23 per share, set to be paid on January 17, 2023. Shareholders on record as of January 3, 2023 will be eligible for this dividend. The company reported total assets of approximately $1.9 billion and total shareholders’ equity of around $85 million as of September 30, 2022. This announcement underscores the company's commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $0.23 per share announced.
• Strong total assets of approximately $1.9 billion.
• Total shareholders’ equity reported at approximately $85 million.

Negative

• None.

COLUMBIA, Tenn.--(BUSINESS WIRE)-- First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that its Board of Directors has declared the Company’s regular quarterly cash dividend of $0.23 per share, which will be paid on January 17, 2023, to shareholders of record as of January 3, 2023.

About First Farmers and Merchants Corporation and First Farmers and Merchants Bank

First Farmers and Merchants Corporation is the holding company for First Farmers and Merchants Bank, a community bank serving the Middle Tennessee area through 22 offices in seven Middle Tennessee counties. As of September 30, 2022, First Farmers reported total assets of approximately $1.9 billion, total shareholders’ equity of approximately $85 million, and administered trust assets of $5.4 billion. For more information about First Farmers, visit us on the Web at www.myfirstfarmers.com under “Investor Relations.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20221220005679/en/

Robert E. Krimmel

Chief Financial Officer

(931) 380-8257

Source: First Farmers and Merchants Corporation

FAQ

What is the dividend amount declared by FFMH?

The dividend amount declared by FFMH is $0.23 per share.

When will the FFMH dividend be paid?

The FFMH dividend will be paid on January 17, 2023.

What is the record date for the FFMH dividend?

The record date for the FFMH dividend is January 3, 2023.

How much are the total assets of FFMH?

As of September 30, 2022, FFMH reported total assets of approximately $1.9 billion.

What is the total shareholders’ equity for FFMH?

FFMH reported total shareholders’ equity of approximately $85 million as of September 30, 2022.