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First Farmers and Merchants
(OTC:FFMH)
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Rating:77Outperform
Price Target:
$68.00
â–²(13.43% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by strong financial performance (solid profitability and a conservative, improving balance sheet) and supportive technicals (uptrend across key moving averages with positive MACD). Valuation is also favorable with a moderate P/E and modest dividend yield, but uneven revenue and cash-flow consistency keep the score from being higher.
Positive Factors
Conservative balance sheet
Zero reported debt and expanding equity materially strengthen financial flexibility and loss-absorbing capacity. Over the coming months this reduces refinancing and interest-rate risk, supports lending capacity, and allows the bank to absorb localized credit stress without relying on external capital.
Negative Factors
Choppy revenue growth
Irregular revenue trends weaken predictability of future earnings and complicate planning for lending and deposit pricing. Over a multi-month horizon, inconsistent top-line performance can strain margins and capital allocation choices when loan demand or fee income swings across local markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Zero reported debt and expanding equity materially strengthen financial flexibility and loss-absorbing capacity. Over the coming months this reduces refinancing and interest-rate risk, supports lending capacity, and allows the bank to absorb localized credit stress without relying on external capital.
Read all positive factors
First Farmers and Merchants (FFMH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$258.75M
Dividend Yield1.82%
Average Volume (3M)314.00
Price to Earnings (P/E)12.1
Beta (1Y)0.10
Revenue Growth3.98%
EPS Growth17.55%
CountryUS
Employees243
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)5.21
Shares Outstanding4,094,102
10 Day Avg. Volume309
30 Day Avg. Volume314
Financial Highlights & Ratios
PEG Ratio0.54
Price to Book (P/B)1.15
Price to Sales (P/S)2.42
P/FCF Ratio10.38
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
First Farmers and Merchants Business Overview & Revenue Model
Company Description
First Farmers and Merchants Corporation (FFMH) functions as the parent entity for First Farmers and Merchants Bank, delivering a comprehensive suite of banking and financial solutions to clients in Tennessee and Alabama. Its diverse array of depos...
How the Company Makes Money
FFMH primarily makes money through traditional banking revenue sources: (1) Net interest income: The company earns interest and fees on loans and other interest-earning assets (e.g., loans to consumers and businesses, and securities if held), and ...
First Farmers and Merchants Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
83
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 84.21M | 81.26M | 59.05M | 73.94M | 65.37M | 64.32M |
| Gross Profit | 71.57M | 67.34M | 59.05M | 57.55M | 62.13M | 61.94M |
| EBITDA | 26.45M | 24.44M | 20.95M | 21.14M | 24.07M | 21.16M |
| Net Income | 20.68M | 18.62M | 16.04M | 16.05M | 18.05M | 15.62M |
Balance Sheet | ||||||
| Total Assets | 1.77B | 1.79B | 1.77B | 1.87B | 1.94B | 1.97B |
| Cash, Cash Equivalents and Short-Term Investments | 48.53M | 102.38M | 46.53M | 25.46M | 28.95M | 94.86M |
| Total Debt | 0.00 | 1.95M | 0.00 | 104.00M | 25.00M | 0.00 |
| Total Liabilities | 1.59B | 1.62B | 1.63B | 1.75B | 1.85B | 1.81B |
| Stockholders Equity | 177.77M | 171.53M | 137.58M | 124.15M | 96.57M | 158.54M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 18.92M | 30.77M | 17.11M | 15.31M | 21.18M |
| Operating Cash Flow | 0.00 | 20.28M | 31.29M | 17.73M | 16.42M | 22.63M |
| Investing Cash Flow | 0.00 | 53.75M | 117.61M | 86.72M | -116.40M | -223.79M |
| Financing Cash Flow | 0.00 | -18.18M | -127.74M | -107.99M | 27.33M | 166.02M |
First Farmers and Merchants Technical Analysis
Positive
59.95
Price Trends
58.68
Positive
56.50
Positive
52.75
Positive
Market Momentum
1.23
Negative
81.12
Negative
92.73
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FFMH, the sentiment is Positive. The current price of 59.95 is below the 20-day moving average (MA) of 60.85, above the 50-day MA of 58.68, and above the 200-day MA of 52.75, indicating a bullish trend. The MACD of 1.23 indicates Negative momentum. The RSI at 81.12 is Negative, neither overbought nor oversold. The STOCH value of 92.73 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FFMH.
First Farmers and Merchants Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $243.58M | 13.43 | 12.75% | 2.30% | 2.52% | 16.60% | |
77 Outperform | $258.75M | 12.13 | 11.64% | 1.93% | 3.98% | 17.55% | |
76 Outperform | $250.59M | 10.09 | 13.36% | 3.21% | 5.91% | 37.89% | |
70 Outperform | $231.90M | 7.97 | 12.59% | 3.19% | 7.19% | 31.23% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $238.94M | 9.54 | 12.25% | 2.67% | 1.05% | 13.95% |
* Financial Sector Average
FFMH
First Farmers and Merchants
63.60
20.61
47.93%
PEBK
Peoples Bancorp Of North Carolina
45.25
16.75
58.78%
MRBK
Meridian Bank
20.02
5.60
38.83%
OPBK
OP Bancorp
15.55
2.32
17.55%
VABK
Virginia National Bankshares
47.11
10.85
29.91%
FBLA
FB Bancorp, Inc.
15.75
4.15
35.78%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.