Complete financial analysis of First Farmers and Merchants Corporation (FFMH) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First Farmers and Merchants Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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First Farmers and Merchants Corporation (FFMH)
About First Farmers and Merchants Corporation
First Farmers and Merchants Corporation operates as the bank holding company for First Farmers and Merchants Bank that provides various banking and financial services in Tennessee and Alabama. The company's deposit products include personal and business checking and savings, and individual retirement and investment accounts, as well as certificates of deposit. Its loan portfolio comprises personal mortgages; home equity lines of credit; debit and credit cards; personal, auto, and farmer loans; and business loans, such as commercial mortgages, equipment lending and leasing, construction lending, accounts receivable financing, lines of credit, and other products. The company also offers wealth management services, such as trust and investment services; and treasury management solutions, which include accounts receivable and payable, fraud prevention, and account management solutions, as well as online and mobile banking services. It operates 22 branch offices in seven Middle Tennessee counties. The company was founded in 1909 and is based in Columbia, Tennessee.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 57.56M | 65.35M | 64.32M | 61.77M | 61.70M | 59.71M | 54.35M | 51.01M | 47.84M | 45.56M | 45.57M |
| Cost of Revenue | -16.39M | 0.00 | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 73.94M | 65.35M | 64.32M | 61.77M | 61.70M | 59.71M | 54.35M | 51.01M | 47.84M | 45.56M | 45.57M |
| Gross Profit Ratio | 128.48% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 1.58M | 1.74M | 1.43M | 1.65M | 6.75M | 6.61M | 6.13M | 5.97M | 4.10M | 3.49M | 3.62M |
| Selling & Marketing | 1.00M | 1.07M | 1.00M | 894.00K | 1.27M | 1.22M | 1.06M | 1.37M | 1.16M | 1.35M | 1.09M |
| SG&A | 34.34M | 2.81M | 2.44M | 2.55M | 36.31M | 35.16M | 32.57M | 29.35M | 27.84M | 25.87M | 27.02M |
| Other Expenses | 0.00 | -12.87M | -11.97M | -7.99M | -8.58M | -8.36M | -8.27M | -11.20M | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 34.34M | 12.87M | 11.97M | 7.99M | 8.58M | 8.36M | 8.27M | 11.20M | 34.18M | 31.77M | 33.26M |
| Cost & Expenses | 34.34M | 43.06M | 45.20M | 41.13M | 42.16M | 39.78M | 36.42M | 36.44M | 34.18M | 31.77M | 33.26M |
| Interest Income | 60.75M | 51.22M | 47.54M | 47.32M | 48.19M | 45.89M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 16.40M | 3.24M | 2.38M | 3.79M | 523.00K | 457.00K | 209.00K | 93.00K | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.67M | 1.79M | 2.03M | 2.07M | 2.06M | 1.51M | 1.47M | 1.41M | -14.26M | -14.40M | -13.18M |
| EBITDA | 21.14M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 19.40M | 15.97M | -603.00K | -605.00K | -872.00K |
| EBITDA Ratio | 36.72% | -1.06% | 1.32% | 0.71% | 0.09% | 0.16% | -1.19% | -1.01% | -1.26% | -1.33% | -1.91% |
| Operating Income | 23.37M | 22.96M | 18.26M | 16.54M | 19.35M | 16.70M | 15.74M | 14.13M | 14.26M | 14.40M | 13.18M |
| Operating Income Ratio | 40.60% | 35.14% | 28.39% | 26.78% | 31.36% | 27.96% | 28.95% | 27.69% | 29.81% | 31.61% | 28.93% |
| Total Other Income/Expenses | -3.90M | -5.03M | -4.41M | -3.65M | -125.00K | -3.12M | -630.00K | -498.00K | -6.35M | -5.90M | -6.24M |
| Income Before Tax | 19.47M | 22.28M | 19.12M | 17.00M | 19.42M | 16.81M | 15.11M | 13.63M | 13.66M | 13.80M | 12.31M |
| Income Before Tax Ratio | 33.82% | 34.10% | 29.73% | 27.51% | 31.47% | 28.15% | 27.79% | 26.72% | 28.54% | 30.28% | 27.02% |
| Income Tax Expense | 3.40M | 4.22M | 3.49M | 2.79M | 3.35M | 2.59M | 4.73M | 3.30M | 3.35M | 3.56M | 2.70M |
| Net Income | 16.05M | 18.05M | 15.62M | 14.19M | 16.06M | 14.20M | 10.36M | 10.31M | 10.31M | 10.24M | 9.61M |
| Net Income Ratio | 27.88% | 27.62% | 24.28% | 22.98% | 26.02% | 23.78% | 19.06% | 20.21% | 21.54% | 22.48% | 21.09% |
| EPS | 3.80 | 4.19 | 3.59 | 3.25 | 3.62 | 3.17 | 2.29 | 2.22 | 2.13 | 2.06 | 1.88 |
| EPS Diluted | 3.80 | 4.19 | 3.59 | 3.25 | 3.62 | 3.17 | 2.29 | 2.22 | 2.13 | 2.06 | 1.88 |
| Weighted Avg Shares Out | 4.23M | 4.31M | 4.35M | 4.36M | 4.43M | 4.48M | 4.52M | 4.63M | 4.83M | 4.96M | 5.11M |
| Weighted Avg Shares Out (Dil) | 4.23M | 4.31M | 4.35M | 4.36M | 4.43M | 4.48M | 4.52M | 4.63M | 4.83M | 4.96M | 5.11M |
First Farmers and Merchants Corporation Reports Third Quarter Results
COLUMBIA, Tenn.--(BUSINESS WIRE)--First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced growth in net income, net interest income, net interest margin and book value per share for the third quarter...
First Farmers and Merchants Corporation Announces 12.5% Increase in Quarterly Cash Dividend to $0.27 Per Share
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 increased its regular quarterly cash dividend by 12.5% to $0.27 per share from $0.24...
First Farmers and Merchants Corporation Declares 100th Cash Dividend
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 100th cash dividend paid to shareholders. The Company's regular quarterly cash...
First Farmers and Merchants Corporation Reports First Quarter Results
COLUMBIA, Tenn.--(BUSINESS WIRE)--First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced its results for the first quarter of 2024. “First Farmers' results for the first quarter were on track with...
First Farmers and Merchants Corporation Holds Annual Meeting of Shareholders
COLUMBIA, Tenn.--(BUSINESS WIRE)--First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, reported that shareholders elected a slate of 10 directors and ratified the selection of Plante & Moran, PLLC as the Company's...
First Farmers and Merchants Corporation Declares Quarterly Cash Dividend of $0.24 Per Share
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...
First Farmers and Merchants Corporation Reports 2023 Results
COLUMBIA, Tenn.--(BUSINESS WIRE)--First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced unaudited financial results for the fourth quarter and year ended December 31, 2023. “First Farmers reported record loans in...
Jill A. Giles Named Chief Financial Officer of First Farmers and Merchants Bank
COLUMBIA, Tenn.--(BUSINESS WIRE)--First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that Jill A. Giles was named Chief Financial Officer of the Bank. The position was formerly held by Robert...
First Farmers and Merchants Corporation Declares Quarterly Cash Dividend of $0.24 Per Share
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...
First Farmers and Merchants Corporation Reports Third Quarter Results
COLUMBIA, Tenn.--(BUSINESS WIRE)--First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced its results for the third quarter of 2023. “First Farmers reported growth in loans during the third quarter based...
Source: https://incomestatements.info
Category: Stock Reports