First Farmers and Merchants Corporation Reports Second Quarter Net Income up 22.9% to $5.7 Million
First Farmers and Merchants Corporation reported Q2 2026 net income of $5.7 million, up 22.9% from the year-ago quarter, with basic EPS rising 25.2% to $1.44. Net interest margin expanded for the tenth consecutive quarter to 3.61%, driven by 9.5% annualized loan growth and higher yields on earning assets.
Key figures
- Eps
- 1.44
- Net income
- 5700000
- Dividends paid
- 1100000
- Shares repurchased
- 10246
- Net interest income
- 15300000
- Net interest margin
- 3.61%
- Book value per share
- 45
- Loan growth annualized
- 9.5%
AI analysis
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