FFMH (First Farmers and Merchants) Tax Rate % : 17.84% (As of Sep. 2024)

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What is First Farmers and Merchants Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. First Farmers and Merchants's Tax Expense for the three months ended in Sep. 2024 was $0.86 Mil. First Farmers and Merchants's Pre-Tax Income for the three months ended in Sep. 2024 was $4.81 Mil. Therefore, First Farmers and Merchants's Tax Rate % for the quarter that ended in Sep. 2024 was 17.84%.

First Farmers and Merchants Tax Rate % Historical Data

The historical data trend for First Farmers and Merchants's Tax Rate % 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.

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First Farmers and Merchants Tax Rate % Chart

First Farmers and Merchants Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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17.24

16.39

18.24

18.92

17.48

First Farmers and Merchants Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															16.82	14.50	18.15	18.04	17.84

First Farmers and Merchants Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

First Farmers and Merchants's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	3.402	/	19.467
	=	17.48 %

First Farmers and Merchants's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	0.858	/	4.809
	=	17.84 %

First Farmers and Merchants Tax Rate % Related Terms

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First Farmers and Merchants Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

816 South Garden Street, Columbia, TN, USA, 38401

Website

http://www.myfirstfarmers.com

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.