NASDAQ : FMNB
Farmers National Banc Corp. — Financial statements
Financials · Banks - Regional · United States
Last price 15.66 USD (Oct 30, 2026, 2:23 PM EDT) · Market cap 927.84M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 258.36M | 191.00M | 185.71M | 171.81M | 107.79M | 94.82M |
| Interest Income on Investments | 42.79M | 42.79M | 42.02M | 41.53M | 34.30M | 21.64M |
| Total Interest Income | 301.15M | 233.79M | 227.73M | 213.34M | 142.09M | 116.46M |
| Interest Paid on Deposits | 96.02M | 79.78M | 81.17M | 63.11M | 13.09M | 6.78M |
| Interest Paid on Borrowings | 11.57M | 11.57M | 18.20M | 12.44M | 4.83M | 1.69M |
| Total Interest Expense | 107.59M | 91.35M | 99.36M | 75.55M | 17.92M | 8.47M |
| Net Interest Income | 193.56M | 142.44M | 128.37M | 137.79M | 124.17M | 107.99M |
| Trust Income | 12.38M | 11.06M | 10.10M | 9.05M | 8.46M | 9.44M |
| Mortgage Banking Activities | 1.05M | 472.00K | 435.00K | 711.00K | 291.00K | -136.00K |
| Gain (Loss) on Sale of Investments | -10.34M | -2.21M | -2.64M | -471.00K | -454.00K | 1.00M |
| Other Non-Interest Income | 34.90M | 27.95M | 25.01M | 23.86M | 20.75M | 15.94M |
| Total Non-Interest Income | 48.12M | 46.13M | 41.72M | 41.86M | 35.83M | 38.19M |
| Revenues Before Loan Losses | 241.69M | 188.57M | 170.08M | 179.65M | 159.99M | 146.18M |
| Provision for Loan Losses | 6.50M | 7.07M | 7.97M | 9.15M | 1.12M | 4.89M |
| Revenue | 235.18M | 181.50M | 162.12M | 170.49M | 158.87M | 141.29M |
| Salaries and Employee Benefits | 75.27M | 59.78M | 56.28M | 54.76M | 43.20M | 38.20M |
| Occupancy Expenses | 21.23M | 17.08M | 15.59M | 15.43M | 11.38M | 8.49M |
| Federal Deposit Insurance | 6.42M | 4.66M | 5.03M | 5.85M | 3.95M | 2.86M |
| Amortization of Goodwill & Intangibles | 3.98M | 2.90M | 2.86M | 3.43M | 1.97M | 1.36M |
| Selling, General & Administrative | 9.47M | 8.71M | 8.46M | 8.76M | 9.88M | 7.24M |
| Other Non-Interest Expense | 33.50M | 19.27M | 18.38M | 18.09M | 13.96M | 13.92M |
| Total Non-Interest Expense | 149.86M | 112.41M | 106.60M | 106.32M | 90.34M | 72.07M |
| EBT Excluding Unusual Items | 85.32M | 69.09M | 55.52M | 64.17M | 68.53M | 69.22M |
| Legal Settlements | 8.38M | |||||
| Pretax Income | 81.27M | 65.05M | 55.43M | 58.70M | 72.83M | 62.11M |
| Income Tax Expense | 12.80M | 10.46M | 9.48M | 8.77M | 12.24M | 10.27M |
| Net Income | 68.47M | 54.59M | 45.95M | 49.93M | 60.60M | 51.84M |
| Net Income to Common | 68.47M | 54.59M | 45.95M | 49.93M | 60.60M | 51.84M |
| Basic Shares Outstanding | 50.22M | 37.44M | 37.33M | 37.38M | 33.84M | 29.17M |
| Diluted Shares Outstanding | 50.28M | 37.63M | 37.51M | 37.50M | 33.93M | 29.28M |
| EPS (Basic) | 1.36 | 1.46 | 1.23 | 1.34 | 1.79 | 1.78 |
| EPS (Diluted) | 1.36 | 1.45 | 1.22 | 1.33 | 1.79 | 1.77 |
| Dividend Per Share | 0.69 | 0.68 | 0.68 | 0.68 | 0.65 | 0.47 |
| Effective Tax Rate | 15.75% | 16.08% | 17.10% | 14.93% | 16.80% | 16.53% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 111.92M | 92.36M | 85.74M | 103.66M | 75.55M | 112.79M |
| Investment Securities | 1.47B | 659.23M | 676.65M | 720.43M | 680.77M | 774.05M |
| Trading Asset Securities | 982.00K | 3.84M | 4.20M | 5.50M | 4.00M | |
| Mortgage-Backed Securities | 729.35M | 626.64M | 594.38M | 602.50M | 668.57M | |
| Total Investments | 1.47B | 1.39B | 1.31B | 1.32B | 1.29B | 1.45B |
| Gross Loans | 4.85B | 3.30B | 3.27B | 3.20B | 2.40B | 2.33B |
| Allowance for Loan Losses | -53.53M | -36.81M | -35.86M | -34.44M | -26.98M | -29.39M |
| Net Loans | 4.80B | 3.27B | 3.23B | 3.16B | 2.38B | 2.30B |
| Property, Plant & Equipment | 64.76M | 61.97M | 53.16M | 39.16M | 37.52M | |
| Goodwill | 167.45M | 167.45M | 167.45M | 94.64M | 94.24M | |
| Other Intangible Assets | 17.85M | 20.75M | 22.84M | 7.03M | 8.37M | |
| Loans Held for Sale | 3.14M | 1.52M | 5.00M | 3.71M | 858.00K | 4.54M |
| Other Real Estate Owned & Foreclosed | 169.00K | 558.00K | 683.00K | 299.00K | 129.00K | |
| Other Long-Term Assets | 735.83M | 243.91M | 237.72M | 226.63M | 184.73M | 136.97M |
| Total Assets | 7.12B | 5.25B | 5.12B | 5.08B | 4.08B | 4.14B |
| Interest Bearing Deposits | 4.39B | 3.04B | 3.01B | 2.89B | 2.53B | 2.50B |
| Institutional Deposits | 305.82M | 290.30M | 258.20M | 135.70M | 133.80M | |
| Non-Interest Bearing Deposits | 1.42B | 994.12M | 965.51M | 1.03B | 896.96M | 916.24M |
| Total Deposits | 5.81B | 4.34B | 4.27B | 4.18B | 3.56B | 3.55B |
| Short-Term Borrowings | 282.45M | 308.97M | 359.19M | 100.50M | 4.26M | |
| Current Portion of Leases | 1.38M | |||||
| Long-Term Debt | 521.65M | 71.44M | 71.18M | 74.02M | 73.89M | 73.77M |
| Long-Term Leases | 6.84M | 9.90M | 9.00M | 8.80M | 6.60M | |
| Trust Preferred Securities | 15.30M | 14.97M | 14.64M | 14.32M | 13.99M | |
| Other Long-Term Liabilities | 72.46M | 39.96M | 41.10M | 39.70M | 30.62M | 24.46M |
| Total Liabilities | 6.40B | 4.76B | 4.71B | 4.67B | 3.79B | 3.67B |
| Common Stock | 716.49M | 366.62M | 366.06M | 365.31M | 305.34M | 306.12M |
| Retained Earnings | 286.20M | 257.17M | 236.76M | 212.38M | 173.90M | |
| Treasury Stock | -23.02M | -23.94M | -25.09M | -14.93M | -16.88M | |
| Comprehensive Income & Other | -144.07M | -193.26M | -172.55M | -210.49M | 9.29M | |
| Shareholders' Equity | 716.49M | 485.73M | 406.03M | 404.42M | 292.30M | 472.43M |
| Total Liabilities & Equity | 7.12B | 5.25B | 5.12B | 5.08B | 4.08B | 4.14B |
| Total Debt | 521.65M | 377.41M | 405.02M | 456.85M | 197.51M | 98.62M |
| Net Cash (Debt) | -409.73M | -284.07M | -315.44M | -349.00M | -116.46M | 18.17M |
| Net Cash Per Share | -8.15 | -7.55 | -8.41 | -9.31 | -3.43 | 0.62 |
| Filing Date Shares Outstanding | 59.25M | 37.67M | 37.61M | 37.55M | 37.94M | 34.00M |
| Total Common Shares Outstanding | 59.25M | 37.65M | 37.59M | 37.50M | 34.06M | 33.90M |
| Book Value Per Share | 12.09 | 12.90 | 10.80 | 10.78 | 8.58 | 13.94 |
| Tangible Book Value | 716.49M | 300.42M | 217.83M | 214.13M | 190.63M | 369.83M |
| Tangible Book Value Per Share | 12.09 | 7.98 | 5.80 | 5.71 | 5.60 | 10.91 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 54.59M | 45.95M | 49.93M | 60.60M | 51.84M | |
| Depreciation & Amortization | 6.78M | 6.40M | 7.33M | 4.90M | 3.54M | |
| Gain (Loss) on Sale of Assets | 59.00K | 490.00K | 316.00K | -20.00K | 247.00K | |
| Gain (Loss) on Sale of Investments | 1.39M | 3.19M | 1.40M | 5.27M | 2.55M | |
| Provision for Credit Losses | 7.07M | 7.97M | 9.15M | 1.12M | 4.89M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 3.47M | 214.00K | 263.00K | 3.81M | 8.37M | |
| Change in Other Net Operating Assets | -10.77M | 4.37M | -3.24M | 7.88M | -8.08M | |
| Other Operating Activities | -3.38M | -3.10M | -2.44M | -1.81M | -1.34M | |
| Operating Cash Flow | 60.04M | 66.61M | 62.93M | 81.50M | 54.93M | |
| Capital Expenditures | -7.86M | -11.69M | -3.88M | -2.56M | -1.38M | |
| Sale of Property, Plant and Equipment | 298.00K | 331.00K | 533.00K | 1.40M | 37.00K | |
| Cash Acquisitions | -600.00K | -13.18M | -1.03M | 83.77M | ||
| Investment in Securities | -17.07M | 3.35M | 143.38M | -123.79M | -740.20M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -40.82M | -76.77M | -55.13M | -77.20M | 231.48M | |
| Other Investing Activities | -13.40M | -9.74M | 6.21M | -2.33M | 2.67M | |
| Investing Cash Flow | -78.85M | -95.12M | 77.94M | -205.51M | -423.61M | |
| Short-Term Debt Issued | 185.00M | 95.00M | ||||
| Long-Term Debt Issued | 73.75M | |||||
| Total Debt Issued | 185.00M | 95.00M | 73.75M | |||
| Short-Term Debt Repaid | -24.00M | -50.00M | -6.77M | |||
| Long-Term Debt Repaid | -2.54M | -66.98M | ||||
| Total Debt Repaid | -24.00M | -52.53M | -73.75M | |||
| Net Debt Issued (Repaid) | -24.00M | -52.53M | 185.00M | 95.00M | 2.00K | |
| Repurchase of Common Stock | -1.11M | -880.00K | -12.17M | -762.00K | -164.00K | |
| Common Dividends Paid | -25.47M | -25.39M | -25.40M | -22.00M | -14.07M | |
| Net Increase (Decrease) in Deposit Accounts | 76.00M | 89.39M | -260.19M | 14.53M | 241.08M | |
| Financing Cash Flow | 25.43M | 10.59M | -112.76M | 86.77M | 226.85M | |
| Net Cash Flow | 6.62M | -17.92M | 28.11M | -37.24M | -141.83M | |
| Free Cash Flow | 52.18M | 54.92M | 59.05M | 78.94M | 53.56M | |
| Free Cash Flow Margin | 28.75% | 33.88% | 34.63% | 49.69% | 37.91% | |
| Free Cash Flow Per Share | 1.39 | 1.46 | 1.57 | 2.33 | 1.83 | |
| Cash Interest Paid | 89.26M | 101.25M | 78.52M | 16.46M | 8.48M | |
| Cash Income Tax Paid | 12.50M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 926.65M | 501.54M | 534.50M | 541.72M | 480.92M | 629.00M |
| Last Close Price | 15.64 | 12.85 | 13.07 | 12.64 | 11.72 | 14.76 |
| PE Ratio | 11.47 | 9.19 | 11.63 | 10.85 | 7.94 | 12.13 |
| PS Ratio | 3.94 | 2.76 | 3.30 | 3.18 | 3.03 | 4.45 |
| PB Ratio | 1.29 | 1.03 | 1.32 | 1.34 | 1.65 | 1.33 |
| P/FCF Ratio | 15.29 | 9.61 | 9.73 | 9.17 | 6.09 | 11.74 |
| P/OCF Ratio | 14.38 | 8.35 | 8.02 | 8.61 | 5.90 | 11.45 |
| Debt / Equity Ratio | 0.73 | 0.78 | 1.00 | 1.13 | 0.68 | 0.21 |
| Debt / FCF Ratio | 7.23 | 7.37 | 7.74 | 2.50 | 1.84 | |
| Net Debt / Equity Ratio | 0.57 | 0.58 | 0.78 | 0.86 | 0.40 | -0.04 |
| Net Debt / FCF Ratio | 5.44 | 5.74 | 5.91 | 1.48 | -0.34 | |
| Return on Equity (ROE) | 11.58% | 12.24% | 11.34% | 14.33% | 15.85% | 12.61% |
| Return on Assets (ROA) | 1.11% | 1.05% | 0.90% | 1.09% | 1.47% | 1.44% |
| Earnings Yield | 8.72% | 10.88% | 8.60% | 9.22% | 12.60% | 8.24% |
| FCF Yield | 6.54% | 10.40% | 10.28% | 10.90% | 16.41% | 8.52% |
| Dividend Yield | 4.60% | 5.10% | 4.78% | 4.71% | 4.60% | 2.53% |
| Payout Ratio | 52.81% | 46.66% | 55.25% | 50.86% | 36.31% | 27.14% |
| Buyback Yield / Dilution | -33.68% | -0.32% | -0.04% | -10.52% | -15.88% | -3.12% |
| Total Shareholder Return | -29.08% | 4.78% | 4.75% | -5.81% | -11.28% | -0.59% |