First Farmers and Merchants Corporation Declares Quarterly Cash Dividend of $0.24 Per Share

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First Farmers and Merchants (FFMH) declares a quarterly cash dividend of $0.24 per share, a 4.3% increase from the previous year, payable on April 15, 2024.

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 $0.24 per share, which will be paid on April 15, 2024, to shareholders of record as of April 1, 2024. The dividend represents a 4.3% increase compared with the cash dividend paid during the same period last year.

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 December 31, 2023, First Farmers reported total assets of approximately $1.9 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/20240319843544/en/

Robert E. Krimmel

Chief Financial Officer

(931) 380-8257

Source: First Farmers and Merchants Corporation

FAQ

What is the ticker symbol for First Farmers and Merchants ?

The ticker symbol for First Farmers and Merchants is FFMH.

How much is the regular quarterly cash dividend declared by First Farmers and Merchants ?

First Farmers and Merchants declared a regular quarterly cash dividend of $0.24 per share.

When will the quarterly cash dividend be paid by First Farmers and Merchants ?

The quarterly cash dividend will be paid on April 15, 2024.

What is the percentage increase in the cash dividend compared to the previous year for First Farmers and Merchants ?

The cash dividend represents a 4.3% increase compared to the dividend paid during the same period last year.