First Farmers and Merchants Corporation
First Farmers and Merchants Corporation operates as the bank holding company for First Farmers and Merchants Bank that provides a range of banking and financial services to individual and corporate customers in Middle Tennessee and Northern Alabama. The company offers checking and savings accounts, retirement accounts, and certificates of deposit. Its loan portfolio includes home and commercial m… Read more
First Farmers and Merchants Corporation (FFMH) - Net Assets
Latest net assets as of December 2025: $171.62 Million USD
Based on the latest financial reports, First Farmers and Merchants Corporation (FFMH) has net assets worth $171.62 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.79 Billion) and total liabilities ($1.62 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $171.62 Million |
| % of Total Assets | 9.6% |
| Annual Growth Rate | 4.25% |
| 5-Year Change | 8.19% |
| 10-Year Change | 45.81% |
| Growth Volatility | 278.18 |
First Farmers and Merchants Corporation - Net Assets Trend (2013–2025)
This chart illustrates how First Farmers and Merchants Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Farmers and Merchants Corporation (2013–2025)
The table below shows the annual net assets of First Farmers and Merchants Corporation from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $171.62 Million | +24.66% |
| 2024-12-31 | $137.67 Million | +10.81% |
| 2023-12-31 | $124.24 Million | +28.53% |
| 2022-12-31 | $96.67 Million | -39.06% |
| 2021-12-31 | $158.63 Million | -0.85% |
| 2020-12-31 | $159.99 Million | +10.81% |
| 2019-12-31 | $144.39 Million | +11.08% |
| 2018-12-31 | $129.98 Million | +5.35% |
| 2017-12-31 | $123.38 Million | +4.82% |
| 2016-12-31 | $117.70 Million | -90.64% |
| 2015-12-31 | $1.26 Billion | +997.94% |
| 2014-12-31 | $114.58 Million | +10.06% |
| 2013-12-31 | $104.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Farmers and Merchants Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 161.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $164.27 Million | 95.77% |
| Common Stock | $39.73 Million | 23.16% |
| Other Comprehensive Income | $-32.62 Million | -19.02% |
| Other Components | $156.00K | 0.09% |
| Total Equity | $171.53 Million | 100.00% |
First Farmers and Merchants Corporation Competitors by Market Cap
The table below lists competitors of First Farmers and Merchants Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
First Steamship Co Ltd
TW:2601
|
$133.86 Million |
|
Tjk Machinery Tianjin Co Ltd
SHE:300823
|
$133.87 Million |
|
Firstec
KO:010820
|
$133.88 Million |
|
Sam-A Aluminiu
KO:006110
|
$133.88 Million |
|
Biosolution Co.Ltd
KQ:086820
|
$133.82 Million |
|
Bally's Corp
NYSE:BALY
|
$133.77 Million |
|
AFTERMATH SILVER
F:FLM1
|
$133.75 Million |
|
QuickLogic Corporation
NASDAQ:QUIK
|
$133.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Farmers and Merchants Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 137,578,000 to 171,528,000, a change of 33,950,000 (24.7%).
- Net income of 18,621,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 22,545,000.
- Other factors decreased equity by 7,216,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $18.62 Million | +10.86% |
| Other Comprehensive Income | $22.55 Million | +13.14% |
| Other Changes | $-7.22 Million | -4.21% |
| Total Change | $- | 24.68% |
Book Value vs Market Value Analysis
This analysis compares First Farmers and Merchants Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.87x to 0.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $20.37 | $38.00 | x |
| 2014-12-31 | $23.06 | $38.00 | x |
| 2015-12-31 | $24.36 | $38.00 | x |
| 2016-12-31 | $25.38 | $38.00 | x |
| 2017-12-31 | $27.25 | $38.00 | x |
| 2018-12-31 | $29.01 | $38.00 | x |
| 2019-12-31 | $32.57 | $38.00 | x |
| 2020-12-31 | $36.64 | $38.00 | x |
| 2021-12-31 | $36.48 | $38.00 | x |
| 2022-12-31 | $22.43 | $38.00 | x |
| 2023-12-31 | $29.36 | $38.00 | x |
| 2024-12-31 | $33.38 | $38.00 | x |
| 2025-12-31 | $42.71 | $38.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Farmers and Merchants Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.86%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.92%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 10.42x
- Recent ROE (10.86%) is above the historical average (10.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.23% | 21.09% | 0.04x | 10.50x | $-799.90K |
| 2014 | 8.95% | 22.48% | 0.04x | 10.23x | $-1.21 Million |
| 2015 | 8.76% | 21.54% | 0.04x | 10.71x | $-1.46 Million |
| 2016 | 8.77% | 20.21% | 0.04x | 11.37x | $-1.45 Million |
| 2017 | 8.40% | 19.06% | 0.04x | 11.16x | $-1.97 Million |
| 2018 | 10.93% | 23.78% | 0.04x | 10.51x | $1.21 Million |
| 2019 | 11.13% | 26.02% | 0.04x | 9.73x | $1.63 Million |
| 2020 | 8.88% | 22.98% | 0.03x | 11.27x | $-1.80 Million |
| 2021 | 9.85% | 24.28% | 0.03x | 12.44x | $-234.60K |
| 2022 | 18.69% | 27.61% | 0.03x | 20.11x | $8.39 Million |
| 2023 | 12.93% | 21.70% | 0.04x | 15.08x | $3.63 Million |
| 2024 | 11.66% | 27.16% | 0.03x | 12.83x | $2.28 Million |
| 2025 | 10.86% | 22.92% | 0.05x | 10.42x | $1.47 Million |
Industry Comparison
This section compares First Farmers and Merchants Corporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Farmers and Merchants Corporation (FFMH) | $171.62 Million | 9.23% | 9.42x | $133.86 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |