FFMR Stock Overview
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.
First Farmers Financial Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$57.50|
|52 Week High||US$60.00|
|52 Week Low||US$47.75|
|1 Month Change||-3.36%|
|3 Month Change||-4.17%|
|1 Year Change||22.34%|
|3 Year Change||36.87%|
|5 Year Change||68.87%|
|Change since IPO||76.92%|
Recent News & Updates
|FFMR||US Banks||US Market|
Return vs Industry: FFMR exceeded the US Banks industry which returned -24.1% over the past year.
Return vs Market: FFMR exceeded the US Market which returned -20% over the past year.
|FFMR Average Weekly Movement||n/a|
|Banks Industry Average Movement||3.5%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: Insufficient data to determine FFMR's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine FFMR's volatility change over the past year.
About the Company
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 company offers checking and savings accounts, health savings accounts, youth accounts, business accounts, deposit and government accounts, certificates of deposit, and individual retirement accounts, as well as account management services; and mortgages and construction loans, first time home buyers loan, home equity loans, auto loans, collateral loans, and debit and credit cards. It also provides lines of credit, term loans, real estate financing and construction loan, equipment financing, enhancement loans, letters of credit, inventory loans, livestock lending, and vehicle financing, as well as leasing, and mobile and online banking services.
First Farmers Financial Fundamentals Summary
|FFMR fundamental statistics|
Is FFMR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FFMR income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||5.14|
|Net Profit Margin||38.46%|
How did FFMR perform over the long term?See historical performance and comparison
3.1%Current Dividend Yield
Is FFMR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FFMR?
Other financial metrics that can be useful for relative valuation.
|What is FFMR's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FFMR's PE Ratio compare to its peers?
|FFMR PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
BHB Bar Harbor Bankshares
CARE Carter Bankshares
FLIC First of Long Island
DBIN Dacotah Banks
FFMR First Farmers Financial
Price-To-Earnings vs Peers: FFMR is expensive based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (10.2x).
Price to Earnings Ratio vs Industry
How does FFMR's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: FFMR is expensive based on its Price-To-Earnings Ratio (11.2x) compared to the US Banks industry average (9.5x)
Price to Earnings Ratio vs Fair Ratio
What is FFMR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||11.2x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FFMR's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of FFMR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FFMR ($57.5) is trading below our estimate of fair value ($107.6)
Significantly Below Fair Value: FFMR is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is First Farmers Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
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- Check out First Farmers Financial's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- 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.
How has First Farmers Financial performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FFMR has high quality earnings.
Growing Profit Margin: FFMR's current net profit margins (38.5%) are higher than last year (35.7%).
Past Earnings Growth Analysis
Earnings Trend: FFMR's earnings have grown by 14.6% per year over the past 5 years.
Accelerating Growth: FFMR's earnings growth over the past year (18.5%) exceeds its 5-year average (14.6% per year).
Earnings vs Industry: FFMR earnings growth over the past year (18.5%) exceeded the Banks industry 8.5%.
Return on Equity
High ROE: FFMR's Return on Equity (14.8%) is considered low.
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How is First Farmers Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score4/6
Financial Health Score 4/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FFMR's Assets to Equity ratio (10x) is moderate.
Allowance for Bad Loans: Insufficient data to determine if FFMR has a sufficient allowance for bad loans.
Low Risk Liabilities: 95% 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 (69%).
Low Risk Deposits: FFMR's Loans to Deposits ratio (81%) is appropriate.
Level of Bad Loans: Insufficient data to determine if FFMR has an appropriate level of bad loans.
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What is First Farmers Financial current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
|First Farmers Financial Dividend Yield vs Market|
|Company (First Farmers Financial)||3.1%|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.5%|
|Industry Average (Banks)||3.2%|
|Analyst forecast in 3 Years (First Farmers Financial)||n/a|
Notable Dividend: FFMR's dividend (3.13%) is higher than the bottom 25% of dividend payers in the US market (1.64%).
High Dividend: FFMR's dividend (3.13%) is low compared to the top 25% of dividend payers in the US market (4.63%).
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 6 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.2%), 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 or that it will be covered by earnings.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Gene Miles (69 yo)
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...
Experienced Board: FFMR's board of directors are considered experienced (7.8 years average tenure).
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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
First Farmers Financial Corporation's employee growth, exchange listings and data sources
- Name: First Farmers Financial Corporation
- Ticker: FFMR
- Exchange: OTCPK
- Founded: 1885
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$403.805m
- Shares outstanding: 7.02m
- Website: https://www.ffbt.com
Number of Employees
- First Farmers Financial Corporation
- 123 North Jefferson Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FFMR||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Oct 2013|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/04 00:00|
|End of Day Share Price||2022/09/23 00:00|
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.