First Farmers Financial Corp. Announces Common Stock Buyback Program

Rhea-AI Summary

First Farmers Financial Corp (OTCQX:FFMR) announced a Board-approved common stock repurchase program authorizing up to $4.0 million of open-market buybacks.

This program replaces the April 2025 authorization under which the company repurchased 59,173 shares for an aggregate $3.95 million. Purchases will be at management's discretion and funded from available working capital. As of Feb 13, 2026, there were 6,946,234 common shares outstanding.

Positive

• Board authorized up to $4.0 million in open-market share repurchases
• Prior program repurchased 59,173 shares for $3.95 million
• Repurchase program funded from available working capital

Negative

• Timing, price, and quantity are at management discretion, offering no guaranteed repurchase schedule
• Funding via working capital could reduce liquidity or limit near-term cash flexibility

News Market Reaction

+0.85%

1 alert

+0.85% News Effect

On the day this news was published, FFMR gained 0.85%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Converse, Indiana, Feb. 17, 2026 (GLOBE NEWSWIRE) -- First Farmers Financial Corp. (OTCQX:FFMR), announced that the Board of Directors has approved a new stock repurchase program permitting the Company to buy back up to $4 million of its outstanding common stock on the open market.  This repurchase program replaces the April 2025 authorization, under which the Company successfully repurchased 59,173 shares for an aggregate $3.95 million over a ten-month period.

The timing, price, and quantity of purchases under the stock repurchase plan will be at the discretion of management and may be discontinued, suspended, or restarted at any time.  The program will be funded from current available working capital.  The board feels the stock repurchase plan will provide capital management opportunities and add value for the Company’s shareholders depending upon market and business conditions.

“The Board believes this repurchase authorization represents a disciplined, proactive approach to capital management and reflects our confidence in the long‑term value of the Company,” noted Keith Hill, First Farmers Financial Corp’s CEO. “We remain committed to delivering shareholder value through prudent balance sheet management and consistent financial performance.”

First Farmers Financial Corp is a $3.4 billion financial holding company headquartered in Converse, Indiana.  First Farmers Bank & Trust has offices throughout Boone, Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo and Wabash counties in Indiana and offices in Coles, Edgar and Vermilion counties in Illinois.  As of February 13, 2026, the Corporation had 6,946,234 common shares outstanding.

Tade J Powell
First Farmers Financial Corporation
765-395-3316
tade.powell@ffbt.com

FAQ

What did First Farmers Financial Corp (FFMR) announce on February 17, 2026?

FFMR announced a new $4.0 million open-market common stock repurchase program. According to the company, this replaces the April 2025 authorization and will be funded from current available working capital, with timing and sizes set by management.

How many shares did FFMR repurchase under the prior authorization?

Under the April 2025 authorization, FFMR repurchased 59,173 shares for about $3.95 million. According to the company, those repurchases occurred over a ten-month period and were completed before the new authorization.

How will the FFMR buyback program be executed and funded?

The company will execute buybacks on the open market at management discretion without a set schedule. According to the company, purchases will be funded from current available working capital and may be suspended or restarted.

How many FFMR common shares were outstanding as of February 13, 2026?

As of February 13, 2026, FFMR had 6,946,234 common shares outstanding. According to the company, that share count is the basis for assessing the potential scale of the new $4.0 million repurchase authorization.