First Farmers and Merchants Corporation Announces 10.3% Increase in Quarterly Cash Dividend to $0.32 Per Share

First Farmers and Merchants Corporation (OTCID: 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 $0.32 per share, which will be paid on October 15, 2026, to shareholders of record as of October 1, 2026.

The $0.32 per share dividend represents a 10.3% increase compared with the $0.29 per share cash dividend paid in the prior quarter and the same period last year.

“This dividend increase reflects the ongoing earnings momentum of our core franchise and our Board’s strong confidence in First Farmers’ growth trajectory,” stated Brian K. Williams, Chairman and Chief Executive Officer. “Backed by robust capital levels, exceptional asset quality, and strong organic loan growth, we remain committed to executing on our strategic expansion while consistently returning long-term value to our shareholders.”

About First Farmers and Merchants Corporation and First Farmers and Merchants Bank

First Farmers and Merchants Corporation is the holding company for First Farmers and Merchants Bank, a community bank serving the Tennessee area through 21 locations in seven counties and one production office in Chattanooga. As of June 30, 2026, First Farmers reported assets of approximately $1.8 billion, total shareholders’ equity of approximately $178 million, and administered trust assets of $7.1 billion. For more information about First Farmers, visit us on the Web at www.myfirstfarmers.com under “Investor Relations.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20260915088250/en/

Schreibe Deinen Kommentar