First Farmers Financial Corp.(FFMR) Declares Record Dividend

Rhea-AI Summary

First Farmers Financial Corp. (FFMR) has announced a record quarterly cash dividend of $0.49 per share, representing a 2.1% increase from the $0.48 dividend declared in December 2023. The dividend will be payable on January 15, 2025, to shareholders of record as of December 31, 2024. The company, a $3.2 billion financial holding company headquartered in Converse, Indiana, operates through First Farmers Bank & Trust with offices across multiple counties in Indiana and Illinois.

Positive

• Record quarterly dividend of $0.49 per share
• 2.1% dividend increase year-over-year
• Strong financial position with $3.2 billion in assets

Negative

• None.

News Market Reaction

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On the day this news was published, FFMR declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Converse, IN, Dec. 17, 2024 (GLOBE NEWSWIRE) -- First Farmers Financial Corp. Declares Record Dividend

Converse, Ind., December 17, 2024 -- First Farmers Financial Corp. (OTCQX Banks; FFMR), the parent company of First Farmers Bank & Trust Co., announced that on December 17, 2024, the Board of Directors approved a record quarterly cash dividend of $0.49 per share, payable on January 15, 2025, to shareholders of record as of December 31, 2024. This quarterly dividend represents a 2.1% increase over the $0.48 dividend declared in December 2023.

First Farmers Financial Corp is a $3.2 billion financial holding company headquartered in Converse, Indiana.  First Farmers Bank & Trust has offices throughout 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. First Farmers Financial Corp is traded on the OTC Markets Group, Inc. "OTCQX" exchange under the ticker symbol: FFMR  

FAQ

What is the new dividend amount for First Farmers Financial Corp. (FFMR)?

First Farmers Financial Corp. (FFMR) declared a record quarterly cash dividend of $0.49 per share.

When will FFMR pay its latest quarterly dividend?

The dividend will be paid on January 15, 2025, to shareholders of record as of December 31, 2024.

How much did FFMR increase its dividend compared to last year?

FFMR increased its quarterly dividend by 2.1%, from $0.48 in December 2023 to $0.49 in December 2024.

What is the total asset value of First Farmers Financial Corp?

First Farmers Financial Corp is a $3.2 billion financial holding company.

In which states does First Farmers Bank & Trust operate?

First Farmers Bank & Trust operates in Indiana and Illinois, with offices across multiple counties in both states.