First Farmers and MerchantsFFMH 64 Return-on-Tangible-Asset is 1.23% as of Mar. 2026, which is 38% above its 10-year median of 0.89. GuruFocus rates FFMH with a GF Score™ of 64/100 and a GF Value™ of $45.47 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,529 Banks companies, First Farmers and Merchants ranks better than 58.67% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. First Farmers and Merchants's annualizedNet Income for the quarter that ended in Mar. 2026 was $21.85 Mil. First Farmers and Merchants's average total tangible assets for the quarter that ended in Mar. 2026 was $1,783.19 Mil. Therefore, First Farmers and Merchants's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.23%.
The historical rank and industry rank for First Farmers and Merchants's Return-on-Tangible-Asset or its related term are showing as below:
FFMH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.83 Med: 0.89 Max: 1.15
Current: 1.11
During the past 8 years, First Farmers and Merchants's highest Return-on-Tangible-Asset was 1.15%. The lowest was 0.83%. And the median was 0.89%.
FFMH's Return-on-Tangible-Asset is ranked better than 58.67% of 1529
companies
in the Banks industry
Industry Median: 0.99
vs FFMH: 1.11
First Farmers and Merchants (OTCPK:FFMH) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
First Farmers and Merchants Return-on-Tangible-Asset Related Terms
First Farmers and Merchants Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Chart
FFMH vs PEBK, OPBK, CZWI: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, First Farmers and Merchants's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, First Farmers and Merchants's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where First Farmers and Merchants's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.23% mean?
First Farmers and Merchants (FFMH) has a Return-on-Tangible-Asset of 1.23% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on First Farmers and Merchants and its competitors. This is 38% above median its historical median of 0.89. Over the past decade, First Farmers and Merchants' Return-on-Tangible-Asset has ranged from 0.83 to 1.15. According to the industry distribution chart, First Farmers and Merchants ranks #632 out of 1529 companies in the Banks industry, placing it in the top 41.3%.
Is First Farmers and Merchants' Return-on-Tangible-Asset too high?
First Farmers and Merchants' current Return-on-Tangible-Asset of 1.23% is 38% above median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 1.15. The Banks industry median Return-on-Tangible-Asset is 0.99. First Farmers and Merchants' value of 1.23% is 24.2% above this industry median. Based on the distribution chart, First Farmers and Merchants ranks #632 out of 1529 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' Return-on-Tangible-Asset compare to PEBK and OPBK?
According to the Banks industry distribution chart, First Farmers and Merchants ranks #632 out of 1529 companies for Return-on-Tangible-Asset. This puts First Farmers and Merchants in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.99. First Farmers and Merchants' value of 1.23% is 24.2% above this benchmark. Historically, First Farmers and Merchants' own Return-on-Tangible-Asset has ranged from 0.83 to 1.15 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 0.99, First Farmers and Merchants has consistently been above 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 Return-on-Tangible-Asset for a Banks company?
The median Return-on-Tangible-Asset among Banks companies is 0.99, based on 1,529 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Farmers and Merchants's current Return-on-Tangible-Asset of 1.23% is 24.2% above 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on First Farmers and Merchants and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Farmers and Merchants's current Return-on-Tangible-Asset is 1.23%, which is 38% above median its own 10-year median of 0.89. 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 $45.47, compared to a current price of $57.70 — trading 26.9% above its estimated fair value. The current Return-on-Tangible-Asset is 1.23%, which is 38% above median its 10-year median of 0.89 and 24.2% above the Banks industry median of 0.99. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For First Farmers and Merchants (FFMH), the current Return-on-Tangible-Asset is 1.23% 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 $57.70 is trading 26.9% above its estimated GF Value™ of $45.47.
GuruFocus considers First Farmers and Merchants to be Modestly Overvalued.
Key valuation signals for FFMH:
Return-on-Tangible-Asset: 1.23% (38% above median its 10-year median of 0.89)
GF Value™: $45.47 vs. price of $57.70 (26.9% above fair value)
Industry Position: 24.2% above the Banks median (#632 of 1529)
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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