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.
First Farmers and Merchants Corporation (OTC Pink: FFMH) reported a 15.6% increase in net income, achieving a record $18.1 million for 2022, compared to $15.6 million in 2021. The company's net income per common share rose 16.7% to $4.19. Key highlights include a 9.1% growth in net loans and a 6.6% increase in net interest income after provision. The Board rewarded shareholders with a 9.5% dividend increase and extended the share repurchase program through 2023. The company also reported improvements in operating efficiency with a 60.4% efficiency ratio for Q4 2022. However, non-interest income declined 15.7% due to reduced mortgage banking activities.
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.
First Farmers and Merchants Corporation (OTC Pink: FFMH) has appointed Ms. Darcy Wagner as the new Chief Compliance Officer. Wagner joined the company in early 2022 and has significantly contributed to compliance efforts. As CCO, she will oversee regulatory compliance in all areas of the bank. Wagner has a robust background, including nearly 20 years with Capital One and World’s Foremost Bank, and holds multiple degrees, including a Doctor of Jurisprudence. First Farmers reported assets of approximately $1.9 billion and total equity of about $85 million as of September 30, 2022.
First Farmers and Merchants Corporation (OTC Pink: FFMH) reported an 18% increase in net income for Q3 2022, reaching $4.8 million. This growth was driven by a 7.3% rise in net interest income to $12.5 million and a decline in non-interest expenses. Adjusted net income also grew by 22.1% to a record $4.8 million. The Board approved a 9.5% cash dividend increase to $0.23 per share, reflecting confidence in ongoing growth. Despite challenges in the securities portfolio, asset quality remains strong with nonperforming assets at 0.04% of total assets.
First Farmers and Merchants Corporation (OTC Pink: FFMH) has announced a 9.5% increase in its quarterly cash dividend, raising it to
First Farmers and Merchants Corporation (OTC Pink: FFMH) reported a net income of $4.5 million for Q2 2022, a 17.1% decline year-over-year due to a one-time $1.8 million gain from Visa stock in Q2 2021. Despite this, the company showcased 23% annualized loan growth and a 4.5% increase in net interest income to $11.7 million. Adjusted net income rose 13.8% to $4.5 million. Total deposits decreased 5.9% quarter-over-quarter but increased 10.9% year-over-year. The bank maintains a solid asset quality with nonperforming assets at 0.08%.
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.
First Farmers and Merchants Corporation (OTC Pink: FFMH) reported a 22.6% increase in net income for Q1 2022, reaching $3.7 million compared to $3.0 million in Q1 2021. Net income per share surged 23.8% to $0.85. Total assets hit a record $2.1 billion, with deposits also reaching $2.0 billion, an 11.6% quarterly increase. Adjusted net income rose 31.6% to $3.8 million. Notably, nonperforming assets dropped to $1.0 million, reflecting improved loan quality. The company successfully launched its new digital banking platform and repurchased 466 shares under its plan.
First Farmers and Merchants Corporation (OTC Pink: FFMH) has declared a quarterly cash dividend of $0.21 per share, payable on April 15, 2022, to shareholders of record as of April 1, 2022. The company's Chairman and CEO, T. Randy Stevens, emphasized the importance of the dividend and the expanded stock repurchase program in building long-term shareholder value. As of December 31, 2021, First Farmers reported total assets of approximately $2.0 billion and total shareholders' equity of $159 million.
First Farmers and Merchants Corporation (OTC Pink: FFMH) reported a 10% rise in net income to $15.6 million for 2021, with adjusted net income up 14% at $14.8 million. Key metrics include a net income per share of $3.59, total assets reaching $2.0 billion, and deposits at $1.8 billion. The company also experienced significant growth in net interest income and trust services. However, the fourth quarter saw a 6.9% drop in net income compared to the previous year, attributed to one-time executive retirement expenses. The company plans new digital banking initiatives in 2022.
