First Farmers and MerchantsFFMH 64 Dividend Payout Ratio is 0.21 as of Mar. 2026, which is 16% below its 10-year median of 0.25. GuruFocus rates FFMH with a GF Score™ of 64/100 and a GF Value™ of $45.39 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,168 Banks companies, First Farmers and Merchants ranks better than 72.86% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. First Farmers and Merchants's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.21.
The historical rank and industry rank for First Farmers and Merchants's Dividend Payout Ratio or its related term are showing as below:
FFMH'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.25 Max: 0.27
Current: 0.23
During the past 8 years, the highest Dividend Payout Ratio of First Farmers and Merchants was 0.27. The lowest was 0.21. And the median was 0.25.
FFMH's Dividend Payout Ratio is ranked better than 72.86% of 1168
companies
in the Banks industry
Industry Median: 0.32
vs FFMH: 0.23
During the past 8 years, the highest Trailing Annual Dividend Yield of First Farmers and Merchants was 4.50%. The lowest was 1.97%. And the median was 2.67%.
During the past 12 months, First Farmers and Merchants's average Dividends Per Share Growth Rate was 8.60% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 8.40% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 6.20% per year.
During the past 8 years, the highest 3-Year average Dividends Per Share Growth Rate of First Farmers and Merchants was 8.40% per year. The lowest was 1.20% per year. And the median was 4.20% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
First Farmers and Merchants (OTCPK:FFMH) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
First Farmers and Merchants Dividend Payout Ratio Related Terms
First Farmers and Merchants Dividend Payout Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Farmers and Merchants Dividend Payout Ratio Chart
FFMH vs OVBC, FBLA, NKSH: Dividend Payout Ratio Comparison
For the Banks - Regional subindustry, First Farmers and Merchants's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
First Farmers and Merchants Dividend Payout Ratio vs Banks Industry
For the Banks industry and Financial Services sector, First Farmers and Merchants's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where First Farmers and Merchants's Dividend Payout Ratio falls into.
First Farmers and Merchants Dividend Payout Ratio Calculation
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
First Farmers and Merchants's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Farmers and Merchants (FFMH) has a Dividend Payout Ratio of 0.21 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on First Farmers and Merchants and its competitors. This is 16% below median its historical median of 0.25. Over the past decade, First Farmers and Merchants' Dividend Payout Ratio has ranged from 0.21 to 0.27. According to the industry distribution chart, First Farmers and Merchants ranks #317 out of 1168 companies in the Banks industry, placing it in the top 27.1%.
Is First Farmers and Merchants' Dividend Payout Ratio too high?
First Farmers and Merchants' current Dividend Payout Ratio of 0.21 is 16% below median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.27. The Banks industry median Dividend Payout Ratio is 0.32. First Farmers and Merchants' value of 0.21 is 34.4% below this industry median. Based on the distribution chart, First Farmers and Merchants ranks #317 out of 1168 companies in the Banks industry, which is above the industry midpoint. Overall, First Farmers and Merchants has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Farmers and Merchants' Dividend Payout Ratio compare to OVBC and FBLA?
According to the Banks industry distribution chart, First Farmers and Merchants ranks #317 out of 1168 companies for Dividend Payout Ratio. This puts First Farmers and Merchants in the upper half of its industry. The industry median Dividend Payout Ratio is 0.32. First Farmers and Merchants' value of 0.21 is 34.4% below this benchmark. Historically, First Farmers and Merchants' own Dividend Payout Ratio has ranged from 0.21 to 0.27 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.32, First Farmers and Merchants has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Banks company?
The median Dividend Payout Ratio among Banks companies is 0.32, based on 1,168 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Farmers and Merchants's current Dividend Payout Ratio of 0.21 is 34.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on First Farmers and Merchants and its competitors. For the Banks industry, the median Dividend Payout Ratio is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Farmers and Merchants's current Dividend Payout Ratio is 0.21, which is 16% below median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Farmers and Merchants stock overvalued right now?
Based on GuruFocus' analysis, First Farmers and Merchants (FFMH) is currently considered Modestly Overvalued. The stock's GF Value™ is $45.39, compared to a current price of $57.75 — trading 27.2% above its estimated fair value. The current Dividend Payout Ratio is 0.21, which is 16% below median its 10-year median of 0.25 and 34.4% below the Banks industry median of 0.32. First Farmers and Merchants' overall GF Score™ is 64/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For First Farmers and Merchants (FFMH), the current Dividend Payout Ratio is 0.21 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Farmers and Merchants (FFMH) Overvalued in 2026?
Based on GuruFocus' analysis, First Farmers and Merchants stock appears to be overvalued.
The current stock price of $57.75 is trading 27.2% above its estimated GF Value™ of $45.39.
GuruFocus considers First Farmers and Merchants to be Modestly Overvalued.
Key valuation signals for FFMH:
Dividend Payout Ratio: 0.21 (16% below median its 10-year median of 0.25)
GF Value™: $45.39 vs. price of $57.75 (27.2% above fair value)
Industry Position: 34.4% below the Banks median (#317 of 1168)
No single metric tells the full story. See the FFMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Farmers and Merchants Corp is a bank holding company whose principal activity is the ownership and management of its wholly-owned subsidiary. The Bank is engaged in providing a full range of banking and financial services, including lending, investing of funds, obtaining deposits, trust, and wealth management operations, and other financing activities to individual and corporate customers in the Middle Tennessee area. The Bank is subject to competition from other financial institutions. It has one reportable segment, which is banking and financial services.
64GF Score
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