First Farmers and Merchants Corporation Declares Quarterly Cash Dividend of $0.21 Per Share

Rhea-AI Summary

First Farmers and Merchants Corporation (OTC Pink: FFMH) has declared a quarterly cash dividend of $0.21 per share. This dividend will be distributed on July 15, 2022, to shareholders on record as of July 1, 2022. As of March 31, 2022, the company reported total assets of approximately $2.1 billion and total shareholders’ equity of around $124 million.

Positive

• Quarterly cash dividend of $0.21 per share indicates ongoing profitability.
• Total assets of approximately $2.1 billion demonstrate financial stability.

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 $0.21 per share, which will be paid on July 15, 2022, to shareholders of record as of July 1, 2022.

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 March 31, 2022, First Farmers reported total assets of approximately $2.1 billion, total shareholders’ equity of approximately $124 million, and administered trust assets of $5.9 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/20220621006028/en/

Robert E. Krimmel

Chief Financial Officer

(931) 380-8257

Source: First Farmers and Merchants Corporation

FAQ

What is the dividend amount declared by First Farmers and Merchants Corporation (FFMH)?

The dividend amount declared is $0.21 per share.

When will the dividend for FFMH be paid?

The dividend will be paid on July 15, 2022.

What is the record date for the FFMH dividend?

The record date for the dividend is July 1, 2022.

What are the total assets of First Farmers and Merchants Corporation (FFMH)?

As of March 31, 2022, total assets were approximately $2.1 billion.

What is the total shareholders' equity for FFMH?

Total shareholders' equity as of March 31, 2022, is approximately $124 million.