NOT FOR DISTRIBUTION
Header cover image

First Farmers Financial

Market Cap

US$302.6m

Last Updated

2021/05/16 23:06 UTC

Data Sources

Company Financials

Executive Summary

First Farmers Financial Corporation operates as the financial holding company for First Farmers Bank & Trust that provides banking products and services to individuals, families, and businesses. More Details


Snowflake Analysis

Good value with adequate balance sheet.


Similar Companies

Share Price & News

How has First Farmers Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FFMR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: Insufficient data to determine FFMR's volatility change over the past year.


Market Performance


7 Day Return

0.6%

FFMR

1.0%

US Banks

-1.7%

US Market


1 Year Return

-6.9%

FFMR

99.1%

US Banks

50.8%

US Market

Return vs Industry: FFMR underperformed the US Banks industry which returned 99.1% over the past year.

Return vs Market: FFMR underperformed the US Market which returned 50.8% over the past year.


Shareholder returns

FFMRIndustryMarket
7 Day0.6%1.0%-1.7%
30 Day3.0%6.8%-1.5%
90 Day-0.6%21.2%0.4%
1 Year-4.1%-6.9%105.2%99.1%53.3%50.8%
3 Year16.2%6.9%31.9%20.6%61.5%51.4%
5 Yearn/a115.1%88.0%125.8%100.7%

Long-Term Price Volatility Vs. Market

How volatile is First Farmers Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is First Farmers Financial undervalued compared to its fair value and its price relative to the market?

38.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FFMR ($42.75) is trading below our estimate of fair value ($69.19)

Significantly Below Fair Value: FFMR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FFMR is good value based on its PE Ratio (10x) compared to the US Banks industry average (12x).

PE vs Market: FFMR is good value based on its PE Ratio (10x) compared to the US market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FFMR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FFMR is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.1x).


Future Growth

How is First Farmers Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.5%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First Farmers Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has First Farmers Financial performed over the past 5 years?

14.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FFMR has high quality earnings.

Growing Profit Margin: FFMR's current net profit margins (35.7%) are lower than last year (36.7%).


Past Earnings Growth Analysis

Earnings Trend: FFMR's earnings have grown by 14.7% per year over the past 5 years.

Accelerating Growth: FFMR's earnings growth over the past year (3.1%) is below its 5-year average (14.7% per year).

Earnings vs Industry: FFMR earnings growth over the past year (3.1%) underperformed the Banks industry 18.3%.


Return on Equity

High ROE: FFMR's Return on Equity (13.7%) is considered low.


Financial Health

How is First Farmers Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: FFMR's Assets to Equity ratio (10x) is low.

Allowance for Bad Loans: Insufficient data to determine if FFMR has a sufficient allowance for bad loans.

Low Risk Liabilities: 88% of FFMR's liabilities are made up of primarily low risk sources of funding.

Loan Level: FFMR has an appropriate level of Loans to Assets ratio (68%).

Low Risk Deposits: FFMR's Loans to Deposits ratio (86%) is appropriate.

Level of Bad Loans: Insufficient data to determine if FFMR has an appropriate level of bad loans.


Dividend

What is First Farmers Financial current dividend yield, its reliability and sustainability?

3.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FFMR's dividend (3.09%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: FFMR's dividend (3.09%) is low compared to the top 25% of dividend payers in the US market (3.42%).


Stability and Growth of Payments

Stable Dividend: FFMR has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: FFMR's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.1%), FFMR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.8yrs

Average board tenure


CEO

Gene Miles (67 yo)

24.33yrs

Tenure

Mr. Gene E. Miles serves as Director at First Farmers Bank & Trust Co. (Formerly known as First Farmers Bank & Trust) and served as its Chief Executive Officer until March 31, 2021 and served as its Presid...


Board Members

Experienced Board: FFMR's board of directors are considered experienced (6.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

First Farmers Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Farmers Financial Corporation
  • Ticker: FFMR
  • Exchange: OTCPK
  • Founded: 1885
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$302.642m
  • Shares outstanding: 7.08m
  • Website: https://www.ffbt.com

Number of Employees


Location

  • First Farmers Financial Corporation
  • 123 North Jefferson Street
  • Converse
  • Indiana
  • 46919
  • United States

Listings


Biography

First Farmers Financial Corporation operates as the financial holding company for First Farmers Bank & Trust that provides banking products and services to individuals, families, and businesses. The compan...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/16 23:06
End of Day Share Price2021/05/14 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.