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First Farmers - FFMH STOCK NEWS

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.

News

First Farmers and Merchants Corporation Reports First Quarter Results

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First Farmers and Merchants , the holding company for First Farmers and Merchants Bank, reported its first-quarter 2024 results with positive growth in net interest income and non-interest income. Key highlights include a 16% increase in book value per share to $29.92, sequential quarterly improvement in net interest margin, and continued loan demand. However, net income decreased by 14.8% to $3.4 million, and adjusted net income declined by 23.9% to $3.4 million. Total loans decreased from the previous quarter, while net-interest income decreased by 13.1%. Provision for credit losses expense increased to $65,000. Non-performing assets declined, and capital management initiatives included stock repurchases.
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First Farmers and Merchants Corporation Holds Annual Meeting of Shareholders

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First Farmers and Merchants (FFMH) recently held its Annual Meeting of Shareholders where shareholders elected a slate of 10 directors and ratified the selection of Plante & Moran, PLLC as the independent registered public accounting firm. Brian K. Williams, Chairman and CEO, highlighted record loans, strong growth in book value per share, and the second-best earnings per share performance in the company's history.
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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.
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First Farmers and Merchants Corporation Reports 2023 Results

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First Farmers and Merchants Corporation (FFMH) reported record loans in 2023, with total loans surpassing $1 billion. Despite a challenging banking environment, the company saw strong growth in book value per share and recorded the third-best year of earnings in its history. However, net income and net income per share declined in 2023 compared to 2022. Total interest income increased by 18.6% to $60.8 million, while total interest expense increased by 406.2% to $16.4 million. Book value per share increased by 31.7% to $29.74 for the fourth quarter of 2023. First Farmers also increased total stock repurchases by 141.0% from 2022.
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Jill A. Giles Named Chief Financial Officer of First Farmers and Merchants Bank

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First Farmers and Merchants Corporation (FFMH) announced the appointment of Jill A. Giles as the Chief Financial Officer of First Farmers and Merchants Bank. Giles has been with the bank since 2013 and previously served as the Chief Accounting Officer. In her new role, she will oversee financial reporting, budgeting, tax and regulatory reporting, and shareholder services, among other responsibilities.
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Rory A. Mallard Named Chief Banking Officer

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First Farmers and Merchants Corporation (FFMH) announced the appointment of Rory A. Mallard as the Chief Banking Officer. Mallard has played a significant role in the bank's commercial lending and deposit growth and will now oversee the strategic direction, growth, delivery, profitability, and overall performance of the commercial, treasury management, and retail banking business lines.
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Robert E. (“Bobby”) Krimmel Named Chief Administrative Officer

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First Farmers and Merchants Corporation (FFMH) announced the appointment of Robert E. Krimmel as the Chief Administrative Officer while continuing as the Chief Financial Officer. Krimmel's new role will involve overseeing major support functions of the bank, strategic planning, regulatory compliance, and executive leadership.
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First Farmers and Merchants Corporation Declares Quarterly Cash Dividend of $0.24 Per Share

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First Farmers and Merchants Corporation (FFMH) announces a 4.3% increase in regular quarterly cash dividend to $0.24 per share
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Jennifer J. McConnell Joins First Farmers as Chief Credit Officer

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First Farmers and Merchants Corporation (FFMH) announced the appointment of Jennifer J. McConnell as Chief Credit Officer. McConnell brings 27 years of banking experience, including leadership in credit risk management, portfolio management, and relationship management. She joins from BankUnited, where she served as Executive Vice President, Managing Senior Credit Officer. Prior to that, she held senior roles at First Tennessee Bank, Fifth Third Bank, and Regions Bank. McConnell's appointment is expected to strengthen First Farmers' credit culture and business banking initiatives.
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First Farmers and Merchants Corporation Reports Third Quarter Results

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First Farmers and Merchants Corporation announces its results for the third quarter of 2023, reporting growth in loans and deposits. However, net income decreased due to higher interest costs. The company remains positive about its outlook for the future.
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OTC:FFMH

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FFMH Stock Data

156.76M
4.07M
0.49%
Banks - Regional
Financial Services
Link
United States
Columbia