First Farmers & Merchants Corp. · OTC:FFMH

First Farmers & Merchants — Shareholder Meeting (April 2026)

59 slides from First Farmers & Merchants's shareholder meeting presentation, Apr 21, 2026

  1. Slide 1: 2026 Annual Meeting of Shareholders

    Ss FARMERS. i FIRST FAR a MERCHANTS COR 2026 ANNUAL MEETING OF SHAREHOLDERS —— IL 21, 2026 ~ ay x ROOTED IN PURPOSE.

  2. Slide 2: 2026 Annual Meeting Of Shareholders

    2026 Annual Meeting Of Shareholders April 21, 2026

  3. Slide 3: 2026 Annual Shareholders Meeting

    2026 Annual Shareholders Meeting • Brian K. Williams, Chairman • Jill A. Giles, Corporate Secretary • Edwin W. Halliday, Jr., Inspector of Elections

  4. Slide 4: Order of Business

    Order of Business • Election of Directors • Ratification of Selection of Independent Registered Public Accounting Firm

  5. Slide 5: Notice of Meeting

    Notice of Meeting • Jill A. Giles, Corporate Secretary

  6. Slide 6: Order of Business

    Order of Business • Election of Directors • Ratification of Selection of Independent Registered Public Accounting Firm

  7. Slide 7: Election of Directors

    Election of Directors Jeffrey R. Ballard President & Chief Executive Officer Delta Dental of Tennessee

  8. Slide 8: Election of Directors

    Election of Directors Dr. Martin M. Chaney Chief Executive Officer Maury Regional Health

  9. Slide 9: Election of Directors

    Election of Directors Jonathan M. Edwards President & Chief Executive Officer Edwards Oil Company

  10. Slide 10: Election of Directors

    Election of Directors Dr. Christa S. Martin Executive Director of Belonging & Student Resources Columbia State Community College

  11. Slide 11: Election of Directors

    Election of Directors W. Eric Mayberry President Tennessee Farm Bureau Federation

  12. Slide 12: Election of Directors

    Election of Directors E. Marlee Mitchell Former Partner Holland & Knight LLP

  13. Slide 13: Election of Directors

    Election of Directors Jeffrey L. Pannell Chief Executive Officer Emeritus Tennessee Farmers Insurance Companies

  14. Slide 14: Election of Directors

    Election of Directors Richard C. Perko President & Chief Executive Officer Lee Company

  15. Slide 15: Election of Directors

    Election of Directors Gina B. Wolfe Co-Owner Wolfe Enterprises

  16. Slide 16: Election of Directors

    Election of Directors Brian K. Williams Chairman & Chief Executive Officer First Farmers and Merchants Bank

  17. Slide 17: Order of Business

    Order of Business • Election of Directors • Ratification of Selection of Independent Registered Public Accounting Firm

  18. Slide 18: Report on Vote

    Report on Vote • Edwin W. Halliday, Jr., Inspector of Elections

  19. Slide 19: Board of Directors Elected April 21, 2026

    Board of Directors Elected April 21, 2026 Jeffrey R. Ballard Dr. Martin M. Chaney Jonathan M. Edwards Dr. Christa S. Martin W. Eric Mayberry E. Marlee Mitchell Jeffrey L. Pannell Richard C. Perko Gina B. Wolfe Brian K. Williams

  20. Slide 20: A Rich History

    A Rich History GROWING TOWARD TOMORROW.

  21. Slide 21: New Director

    New Director Jeffrey R. Ballard President & Chief Executive Officer Delta Dental of Tennessee

  22. Slide 22: Independent Registered Public Accounting Firm

    Independent Registered Public Accounting Firm Fiscal Year Ending December 31, 2026

  23. Slide 23: Rooted in Purpose. Growing Toward Tomorrow.

    Rooted in Purpose. Growing Toward Tomorrow.

  24. Slide 24: Historic Earnings Power

    Historic Earnings Power • Record Net Income: $18.6 Million • Record Earnings Per Share: $4.65 Per Share

  25. Slide 25: Generating Shareholder Value

    Generating Shareholder Value FFMH Book Value Per Share 91.1% Increase in 3 Years $50.00 $45.00 $43.17 $40.00 $34.06 $35.00 $29.74 $30.00 $25.00 $22.59 $20.00 $15.00 $10.00 $5.00 $0.00 2022 2023 2024 2025

  26. Slide 26: Generating Shareholder Value

    Generating Shareholder Value $60.00 87.7% Increase in 3 Years FFMH Market Price Per Share 82.0% $50.00 $49.00 72.0% 62.0% $40.00 52.0% $35.25 42.0% $30.00 32.0% $26.10 $26.00 22.0% $20.00 12.0% 8.7% 2.0% $10.00 -8.0% 2022 2023 2024 2025 FFMH Market Price KBW Regional Banking Index

  27. Slide 27: Cash Dividends Paid (per share)

    Cash Dividends Paid (per share) 4th Consecutive Year with Dividend Increase (7.4% in 2025) $1.15 $1.12 $1.10 $1.05 $1.02 $1.00 $0.95 $0.95 $0.90 $0.85 2023 2024 2025

  28. Slide 28: Rooted in Purpose. Growing Toward Tomorrow.

    Rooted in Purpose. Growing Toward Tomorrow.

  29. Slide 29: Remaining Nimble

    Remaining Nimble • Business Banking • Mortgage Banking • Market Expansion

  30. Slide 30: Our Team

    GROWING TOWARD TOMORROW. Our Team | |

  31. Slide 31: Tribute to Tenure

    Tribute to Tenure Linda Hicks Paul Butts Andy Davis Operations Officer Executive Vice President, Senior Lending Advisor 42 Years of Service Branch Operations 10 Years of Service 40 Years of Service

  32. Slide 32: Jill A. Giles, Chief Financial Officer & Corporate Secretary

    Jill A. Giles Chief Financial Officer & Corporate Secretary

  33. Slide 33: The Three-Year Story

    The Three-Year Story ROA of 1.06% Net Income (in millions) Earnings Per Share $19.0 $4.70 $4.65 $18.6 $18.5 $4.50 $18.0 16.3% Increase 19.2% Increase $17.5 $4.30 $17.0 $4.10 $16.5 $16.0 $16.0 $3.90 $16.0 $3.90 $3.80 $15.5 $3.70 $15.0 $14.5 $3.50 2023 2024 2025 2023 2024 2025

  34. Slide 34: Margin Expansion

    Margin Expansion 3.50% 3.37% 3.14% 3.23% 3.02% 3.00% 2.82% 2.48% 2.55% 2.50% 2.39% 2.21% 2.00% 1.50% 1.41% 1.42% 1.40% 1.45% 1.00% 1.14% 0.91% 0.90% 0.93% 0.85% 0.50% 0.00% 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Cost on Liabilities Net Interest Margin

  35. Slide 35: Non-Interest Income

    Non-Interest Income (in millions) $14.2 $14.0 $14.0 $13.8 $13.8 $13.6 $13.4 $13.2 $13.2 $13.0 $12.8 2023 2024 2025

  36. Slide 36: Total Assets Breakdown

    Total Assets Breakdown As of Dec. 31, 2024 As of Dec. 31, 2025 Cash Cash 3% 6% Other Other Securities 6% Securities 6% 35% 32% Loans, net Loans, net 56% 56% Total Assets: $1.8 billion Growth from 2024 of 1.3% ($22.7M increase)

  37. Slide 37: Non-Interest Expense & Efficiency

    Non-Interest Expense & Efficiency ($ in millions) $45.0 72.00% $44.0 69.75% 68.62% 70.00% $43.0 $42.0 68.00% $41.0 66.04% 65.88% 66.00% 64.84% $40.0 63.04% $44.5 64.00% $39.0 $43.0 $38.0 62.00% $40.2 $40.2 $39.6 $37.0 $38.6 60.00% $36.0 $35.0 58.00% 2020 2021 2022 2023 2024 2025 Total Non-Interest E

  38. Slide 38: Asset Quality

    Asset Quality Non-Performing Loans to Total Loans 0.45% 0.39% 0.40% 0.40% 0.37% 0.35% 0.35% 0.33% 0.30% 0.25% 0.20% 0.15% 0.16% 0.10% 0.13% 0.13% 0.13% 0.13% 0.05% 0.00% 4Q24 1Q25 2Q25 3Q25 4Q25 First Farmers Peer Average* *TN community banks with asset sizes $1 Billion to $3 Billion

  39. Slide 39: Capital

    Capital Leverage 10.9% 5.0% Common Equity Tier 1 17.5% 6.5% Tier 1 Capital 17.5% 8.0% Total Capital 18.3% 10.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% First Farmers Well-Capitalized Regulatory Minimum

  40. Slide 40: Shareholder Value

    Shareholder Value • Over 72,000 Shares Repurchased, Returning $2.8M in Capital • 4th Consecutive Year with Dividend Increase (7.4% in 2025) • Dividend Yield of 2.29% | Dividend Payout of 24.14%

  41. Slide 41: Rooted in Purpose. Growing Toward Tomorrow.

    Rooted in Purpose. Growing Toward Tomorrow.

  42. Slide 42: Rory A. Mallard, Chief Banking Officer

    Rory A. Mallard Chief Banking Officer

  43. Slide 43: Expanding Our Footprint: Chattanooga

    Expanding Our Footprint: Chattanooga • Formalized presence in Hamilton County • Diversifying beyond the Middle Tennessee market

  44. Slide 44: Meet the Chattanooga Team

    Meet the Chattanooga Team Bryan Fryar Jennifer Griffin Allison Gifford Senior Commercial Commercial Relationship Commercial Loan Portfolio Relationship Manager Manager Manager

  45. Slide 45: Dedicated Business Banking Division

    Dedicated Business Banking Division • Led by Greg Davis • Added 2 new Relationship Managers in Q4 2025 • Focused on higher loan yields and lower-cost deposits Greg Davis Business Banking Director

  46. Slide 46: SBA Lending Excellence

    SBA Lending Excellence • Named U.S. SBA "Top Volume Lender" in Tennessee • Led by John Hollingsworth • Funded 10 projects totaling $2.7 million

  47. Slide 47: Scaling Secondary Mortgage

    Scaling Secondary Mortgage • Core infrastructure and guardrails established • Installed new department head and added loan officers • Positioned with the runway to actively scale and capture market Deborah Gadberry share Mortgage Sales Director

  48. Slide 48: Rooted in Purpose. Growing Toward Tomorrow.

    Rooted in Purpose. Growing Toward Tomorrow.

  49. Slide 49: Molly T. Hissong, Chief Marketing & Communications Officer

    Molly T. Hissong Chief Marketing & Communications Officer

  50. Slide 50: Internal Communications: Starting from Within

    Internal Communications: Starting from Within • Empowering Brand Ambassadors • Real-Time Industry Updates Equipping the frontline first • Ensuring They Have the Tools to Engage with Customers

  51. Slide 51: Insight-Driven Marketing

    Insight-Driven Marketing • Transitioned to data- driven, purpose-built campaigns

  52. Slide 52: Insight-Driven Marketing

    Insight-Driven Marketing • Launched 2 targeted debit card campaigns, directly driving new transaction volume and revenue • 3,000 customers targeted • $50,000 in revenue generated

  53. Slide 53: Traditional Marketing

    Traditional Marketing = —— SS RST FARME _/ Member FDIC FIRST FARMERS | myfirstfarmers.com (800)882-8378 FIRST FARMERS. GROWING TOWARD TOMORROW.

  54. Slide 54: Digital Discoverability

    Digital Discoverability • Complete Search Engine Optimization overhaul targeting specific branch locations • Nashville: Moved from Page 12 to Page 1 for "bank" • Franklin: Moved to top 3 results for “Business Bank”

  55. Slide 55: High-Visibility Brand Placement

    High-Visibility Brand Placement • Deployed QR codes on construction financing signs to capture immediate leads • Launched targeted SBA-focused billboards, immediately generating direct prospect calls

  56. Slide 56: Rooted in Purpose. Growing Toward Tomorrow.

    Rooted in Purpose. Growing Toward Tomorrow.

  57. Slide 57: Our Future

    Our Future Building relationships that compound over decades.

  58. Slide 58: Strategic Vision: 2027 and Beyond

    Strategic Vision: 2027 and Beyond • Anchored by a fortress balance sheet o Guided by a strong team of bankers • Mapping the Pathways o Grow o Differentiate o Opportunistic o Nimble o Continually Improve • Honoring our 117-year legacy

  59. Slide 59: Rooted in Purpose. Growing Toward Tomorrow.

    Rooted in Purpose. Growing Toward Tomorrow.

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