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 9% increase in net income to $4 million for Q1 2023, compared to $3.7 million in Q1 2022. Adjusted net income rose 14.9% to $4.4 million, driven by strong loan performance and reduced non-interest expenses. Net interest income increased 9.8% to $12.2 million, although it was down 3.9% from Q4 2022. Loan balances grew by 2.8% to $964 million. Book value per share also saw significant growth, up 13.9% to $25.72. The company maintained a solid capital position, with 87% of total deposits insured by the FDIC. However, total deposits fell by 1.2% quarter-over-quarter due to increased competition.
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