OTCPK:FFMR

Stock Analysis Report

First Farmers Financial

Executive Summary

First Farmers Financial Corporation, through its subsidiary, First Farmers Bank & Trust Company, provides community banking products and services to individuals, families, and businesses in Indiana and Illinois.


Snowflake Analysis

Not a dividend payer with weak fundamentals.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

FFMR

14.6%

US Banks

9.4%

US Market


1 Year Return

21.0%

FFMR

-24.3%

US Banks

-6.8%

US Market

Return vs Industry: FFMR exceeded the US Banks industry which returned -26% over the past year.

Return vs Market: FFMR exceeded the US Market which returned -8.1% over the past year.


Shareholder returns

FFMRIndustryMarket
7 Day0%14.6%9.4%
30 Day4.3%-4.4%-3.9%
90 Dayn/a-33.9%-16.5%
1 Year24.4%21.0%-22.0%-24.3%-4.8%-6.8%
3 Year47.3%36.1%-8.3%-15.1%23.4%15.2%
5 Yearn/a16.7%3.3%41.3%25.7%

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?


Share Price vs. Fair Value

Below Fair Value: FFMR ($49) is trading above our estimate of fair value ($17.57)

Significantly Below Fair Value: FFMR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: Insufficient data to calculate FFMR's PE Ratio to determine if it is good value compared to the Banks industry average.

PE vs Market: Insufficient data to calculate FFMR's PE Ratio to determine if it is good value compared to the US market.


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


Next Steps

Future Growth

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

-4.6%

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.


Next Steps

  • Take a look at our analysis of FFMR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access First Farmers Financial's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

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

15.9%

Historical Banks annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, First Farmers Financial has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

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


In this section we usually analyse First Farmers Financial's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. First Farmers Financial has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of FFMR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when First Farmers Financial's financial data was last updated here.
  • Explore more healthy companies in the Banks industry.

Dividend

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

2.61%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FFMR's dividend (2.61%) is higher than the bottom 25% of dividend payers in the US market (1.89%).

High Dividend: FFMR's dividend (2.61%) is low compared to the top 25% of dividend payers in the US market (5.26%).


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 3 years.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are 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?

5.3yrs

Average board tenure


CEO

Gene Miles (66yo)

23.25s

Tenure

Mr. Gene E. Miles serves as Chief Executive Officer and Director at First Farmers Bank & Trust Co. and served as its President until September 1, 2019. Mr. Miles joined First Farmers Financial Corporation  ...


Board Members

NamePositionTenureCompensationOwnership
Gene Miles
President23.25yrsno data2.73% $9.5m
Keith Hill
Executive VP4.25yrsno data0.20% $703.9k
John O'Donnell
Directorno datano data0.20% $703.9k
Freddie Barnard
Director13.25yrsno data0.10% $351.9k
Christopher Norris
Vice Chairman of the Boardno datano datano data
Richard Renbarger
Chairman of the Boardno datano data1.21% $4.2m
Mark Holt
Director0.58yrno data0.71% $2.5m
Kelly McClure
Director5.25yrsno datano data
Kevin Trimble
Director6.25yrsno data0.20% $703.9k
Jeffrey Harts
Director4.25yrsno datano data

5.3yrs

Average Tenure

56yo

Average Age

Experienced Board: FFMR's board of directors are considered experienced (5.3 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: Insufficient data to determine if shareholders have been 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$348.679m
  • Shares outstanding: 7.12m
  • Website: https://www.ffbt.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FFMROTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2013

Biography

First Farmers Financial Corporation, through its subsidiary, First Farmers Bank & Trust Company, provides community banking products and services to individuals, families, and businesses in Indiana and Illinois. Its personal banking products and services include checking and savings accounts, health savings accounts, certificates of deposit, debit cards, and IRAs; and mortgages and construction loans, auto loans, collateral loans, and credit cards. The company’s business banking products and services comprise account management, deposit and government accounts, lines of credit, term loans, real estate construction and permanent loans, equipment financing, enhancement loans, letters of credit, and vehicle financing. It also provides agricultural banking products and services. The company has 27 offices throughout Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tipton, Vermillion, Vigo, and Wabash counties in Indiana; and 7 offices in Coles, Edgar, and Vermilion counties in Illinois. The company was founded in 1885 and is headquartered in Converse, Indiana. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/09 04:35
End of Day Share Price2020/04/01 00:00
Earnings2015/12/31
Annual Earnings2015/12/31


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.