GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Farmers and Merchants Corp (OTCPK:FFMH) » Definitions » Pretax Margin %

FFMH (First Farmers and Merchants) Pretax Margin % : 32.23% (As of Jun. 2024)


View and export this data going back to 2009. Start your Free Trial

What is First Farmers and Merchants Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. First Farmers and Merchants's Pre-Tax Income for the three months ended in Jun. 2024 was $4.63 Mil. First Farmers and Merchants's Revenue for the three months ended in Jun. 2024 was $14.38 Mil. Therefore, First Farmers and Merchants's pretax margin for the quarter that ended in Jun. 2024 was 32.23%.

The historical rank and industry rank for First Farmers and Merchants's Pretax Margin % or its related term are showing as below:

FFMH' s Pretax Margin % Range Over the Past 10 Years
Min: 29.31   Med: 32.35   Max: 35.86
Current: 30.73


FFMH's Pretax Margin % is ranked worse than
52.05% of 1533 companies
in the Banks industry
Industry Median: 31.73 vs FFMH: 30.73

First Farmers and Merchants Pretax Margin % Historical Data

The historical data trend for First Farmers and Merchants's Pretax Margin % can be seen below:

* 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.

* Premium members only.

First Farmers and Merchants Pretax Margin % Chart

First Farmers and Merchants Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial 34.70 29.31 30.87 35.86 33.82

First Farmers and Merchants Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.74 29.73 31.24 29.63 32.23

Competitive Comparison of First Farmers and Merchants's Pretax Margin %

For the Banks - Regional subindustry, First Farmers and Merchants's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Farmers and Merchants's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where First Farmers and Merchants's Pretax Margin % falls into.



First Farmers and Merchants Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

First Farmers and Merchants's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=19.467/57.555
=33.82 %

First Farmers and Merchants's Pretax Margin for the quarter that ended in Jun. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=4.634/14.376
=32.23 %

* 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  (OTCPK:FFMH) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


First Farmers and Merchants Pretax Margin % Related Terms

Thank you for viewing the detailed overview of First Farmers and Merchants's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


First Farmers and Merchants Business Description

Traded in Other Exchanges
N/A
Address
816 South Garden Street, Columbia, TN, USA, 38401
First Farmers and Merchants Corp is a bank holding company whose principal activity is the ownership and management of its wholly-owned subsidiary, First Farmers and Merchants Bank (the Bank). 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. The company and the Bank are subject to the regulation of certain federal and state agencies and undergo periodic examinations by those regulatory authorities.

First Farmers and Merchants Headlines