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) announced its quarterly cash dividend of $0.21 per share, payable on January 14, 2022, to shareholders on record as of December 31, 2021. As of September 30, 2021, the company reported total assets of approximately $1.9 billion, total shareholders’ equity of about $161 million, and trust assets exceeding $6.2 billion.

Positive

• Quarterly dividend of $0.21 per share offers direct income to shareholders.
• Total assets reported at $1.9 billion demonstrate financial stability.
• Total shareholders' equity of approximately $161 million signals strong capital position.

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 January 14, 2022, to shareholders of record as of December 31, 2021.

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, 2021, First Farmers reported total assets of approximately $1.9 billion, total shareholders’ equity of approximately $161 million, and administered trust assets of $6.2 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/20211221005462/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?

The declared dividend amount is $0.21 per share.

When will the dividend payment be made to shareholders?

The dividend payment will be made on January 14, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is December 31, 2021.

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

As of September 30, 2021, the total assets are approximately $1.9 billion.

How much is the total shareholders' equity for First Farmers and Merchants Corporation?

The total shareholders' equity is approximately $161 million.