Articles from Farmers National Banc Corp.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB) today reported net income of $14.4 million, or $0.38 per diluted share, for the quarter ended December 31, 2024, compared to $14.6 million, or $0.39 per diluted share, for the quarter ended December 31, 2023. Net income for the fourth quarter of 2024 included certain pretax items. Excluding these items (non-GAAP), net income for the fourth quarter of 2024 was $14.5 million, or $0.39 per diluted share.

Farmers National Bank announces the appointment of a key executive position. The role of Chief Banking Officer will be filled by Tim Shaffer, a tenured leader of the organization who most recently served as Chief Credit Officer.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB) today announced that National Associates, Inc., a subsidiary of Farmers, has completed the acquisition of Crest Retirement Advisors LLC (“Crest”). The transaction closed on December 16, 2024, and is expected to be accretive to earnings immediately. Crest will continue to operate under its name and from its current location in Dublin, Ohio but is expected to merge with National Associates Inc.

On November 26, 2024, the Board of Directors of the Farmers National Banc Corp. (NASDAQFMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of December 13, 2024, and is payable to shareholders on December 31, 2024.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB) today announced net income of $8.5 million, or $0.23 per diluted share, for the quarter ended September 30, 2024, compared to $13.3 million, or $0.36 per diluted share, for the quarter ended September 30, 2023. Net income in the third quarter of 2024 was impacted by a single $12.5 million commercial credit backed by office space which resulted in a $4.4 million charge-off along with the establishment of a specific reserve on the credit in the amount of $1.2 million. The impact of this credit reduced third quarter results by $0.12 per diluted share.

On August 27, 2024, the Board of Directors of the Farmers National Banc Corp. (NASDAQFMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of September 13, 2024, and is payable to shareholders on September 30, 2024.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB) today announced net income of $11.8 million, or $0.31 per diluted share, for the three months ended June 30, 2024, compared to $15.0 million, or $0.40 per diluted share, for the three months ended June 30, 2023. Net income for the second quarter of 2024 included pretax items of $515,000 for the loss on the sale of investment securities and write downs on certain other assets held for sale. Excluding these items (non-GAAP), net income for the second quarter of 2024 was $12.2 million, or $0.33 per diluted share.

On May 21, 2024, the Board of Directors of the Farmers National Banc Corp. (NASDAQFMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of June 14, 2024, and is payable to shareholders on June 28, 2024.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB) reported net income of $11.2 million, or $0.30 per diluted share, for the three months ended March 31, 2024, compared to $7.1 million, or $0.19 per diluted share, for the three months ended March 31, 2023. Net income for the first quarter of 2024 included a pretax item of $2.1 million for the loss on the sale of investment securities. Excluding this item (non-GAAP), net income for the first quarter of 2024 was $12.9 million, or $0.34 per diluted share.

On February 27, 2024, the Board of Directors of the Farmers National Banc Corp. (NASDAQFMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of March 8, 2024, and is payable to shareholders on March 29, 2024.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB) today announced net income of $14.6 million, or $0.39 per diluted share, for the three months ended December 31, 2023, compared to $13.4 million, or $0.39 per diluted share, for the three months ended December 31, 2022. Net income for the fourth quarter of 2023 included pretax items of $452,000 for acquisition related costs, a gain of $915,000 on the sale of commercial loans, $1.0 million in expense for severance/contract payouts for staff resignations, and combined net losses of $217,000 on the sale of securities and the sale of other assets. Excluding these items (non-GAAP), net income for the fourth quarter of 2023 increased 7.8% to $15.2 million from $14.1 million for the same period last year. Net income per diluted share excluding these items (non-GAAP), was $0.41 for the fourth quarter of 2023, compared to $0.42 per diluted share for the fourth quarter of 2022.

On November 28, 2023, the Board of Directors of the Farmers National Banc Corp. (NASDAQFMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of December 11, 2023, and is payable to shareholders on December 29, 2023.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB) today announced net income of $13.3 million, or $0.36 per diluted share, for the three months ended September 30, 2023, compared to $15.4 million, or $0.46 per diluted share, for the three months ended September 30, 2022. Net income for the third quarter of 2023 included pretax items of $268,000 for acquisition related costs, $785,000 for the settlement of a lawsuit and combined net losses of $764,000 on the sale of securities and the sale of other assets. Excluding these items (non-GAAP), net income for the third quarter of 2023 would have been $14.8 million, or $0.40 per diluted share.

Farmers National Banc Corp. (NASDAQFMNB) (“Farmers”) is welcoming two new members to its Board of Directors, Mr. Carl D. Culp and Ms. Gina A. Richardson, effective September 1, 2023. Both additions will bring a wealth of business experience to Farmers.

On August 22, 2023, the Board of Directors of the Farmers National Banc Corp. (NASDAQFMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of September 8, 2023, and is payable to shareholders on September 29, 2023.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB) reported today net income of $15.0 million, or $0.40 per diluted share, for the three months ended June 30, 2023, compared to $16.0 million, or $0.47 per diluted share, for the three months ended June 30, 2022. Net income for the second quarter of 2023 included pretax items of $442,000 for acquisition related costs and combined net gains of $6,000 on the sale of securities and the sale of other assets. Excluding these items (non-GAAP), net income for the second quarter of 2023 would have been $15.3 million, or $0.41 per diluted share.

On May 23, 2023, the Board of Directors of the Farmers National Banc Corp. (NASDAQFMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of June 9, 2023, and is payable to shareholders on June 30, 2023.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB) today announced net income of $7.1 million for the three months ended March 31, 2023 compared to $15.8 million for the three months ended March 31, 2022. Diluted earnings per share were $0.19 for the first quarter of 2023 compared to $0.47 for the first quarter of 2022. The results for the first quarter of 2023 included pretax items for acquisition related provision for credit loss expense of $7.7 million, $4.3 million for acquisition related costs and combined net gains of $91,000 on the sale of securities and the sale of other assets. Excluding these items (non-GAAP), net income for the first quarter of 2023 would have been $16.5 million, or $0.44 per diluted share.

Farmers National Banc Corp., (NASDAQFMNB) Canfield, Ohio, announced today that its Board of Directors has approved a share repurchase program under which the Company is authorized to repurchase up to 1,000,000 shares of its common stock exclusive of any fees, commissions or other expenses (the “Program”). Repurchases under the Program will be made periodically depending on market conditions and other factors.

On February 28, 2023, the Board of Directors of the Farmers National Banc Corp. (NASDAQFMNB) declared a quarterly cash dividend of $0.17 per share, representing a 6.25% increase over the same period last year. The common stock cash dividend will have a record date of March 10, 2023, and is payable to shareholders on March 31, 2023.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB) reported today net income of $13.4 million for the three months ended December 31, 2022 compared to $5.7 million for the three months ended December 31, 2021. The Company reported diluted earnings per share of $0.39 for the fourth quarter of 2022 versus $0.18 for the same period in 2021. Results for the fourth quarter of 2022 included pretax items of $584,000 for merger related costs and combined net losses of $338,000 on the sale of securities and the sale of other assets. Excluding these items (non-GAAP), net income for the quarter ended December 31, 2022, would have been $14.1 million, or $0.42 per diluted share.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), announced today that it completed the merger of Emclaire Financial Corp. (“Emclaire”) (formerly NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (“Emlenton Bank”) with and into FMNB Merger Subsidiary V, LLC, a newly-formed wholly-owned subsidiary of Farmers (the “Merger”). Following the Merger, Emlenton Bank was merged with and into Farmers National Bank. As a result of the Merger, shares of Emclaire are no longer traded on The NASDAQ Capital Market.

Farmers National Banc Corp (NASDAQFMNB) announced today the hiring of Michael Matuszak as Executive Vice President, Chief Operating Officer.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), and Emclaire Financial Corp. (“Emclaire”) NASDAQ: EMCFNASDAQEMCF)

Farmers National Banc Corp. (NASDAQFMNB) (“Farmers”) welcomes a new member to its Board of Directors, Mr. André Thornton, who will bring a wealth of business experience to Farmers. Mr. Thornton was appointed by the Board of Directors effective January 1, 2023 as a Class II director with a term expiring in 2024.

On November 22, 2022, the Board of Directors of the Farmers National Banc Corp. (NASDAQFMNB) declared a quarterly cash dividend of $0.17 per share, representing a 21% increase over the same period last year. The common stock cash dividend will have a record date of December 9, 2022 and is payable to shareholders on December 30, 2022.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB) today announced third quarter net income of $15.4 million for the three months ended September 30, 2022. This compares to $16.0 million for the three months ended September 30, 2021. Diluted earnings per share were $0.46 for the third quarter of 2022 versus $0.56 for the third quarter of 2021. The third quarter of 2022 results included pretax items of $872,000 for merger related costs and combined net losses of $6,000 on the sale of securities and the sale of other assets. Excluding these items (non-GAAP), net income for the quarter ended September 30, 2022, would have been $16.2 million, or $0.48 per diluted share.

Farmers National Banc Corp. (NASDAQFMNB) (“Farmers”) has announced that Terry A. Moore has assumed the role of Chairman of the Board, effective September 1, 2022.

On August 23, 2022, the Board of Directors of the Farmers National Banc Corp. (NASDAQFMNB) declared a quarterly cash dividend of $0.16 per share. The common stock cash dividend will have a record date of September 9, 2022 and is payable to shareholders on September 30, 2022.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB) today reported second quarter net income of $16.0 million for the three months ended June 30, 2022, compared to $15.6 million for the three months ended June 30, 2021. Diluted earnings per share were $0.47 for the second quarter of 2022 versus $0.55 for the second quarter of 2021. The results for the second quarter of 2022 included pretax items of $674,000 for merger related costs, security losses of $60,000, and a gain of $92,000 on the sale of assets. Excluding these items (non-GAAP), net income for the quarter ended June 30, 2022, would have been $16.5 million, or $0.49 per diluted share.

Farmers National Banc Corp. (“Farmers”) (NASDAQFMNB), the holding company for The Farmers National Bank of Canfield (“Farmers Bank”), and Emclaire Financial Corp. (“Emclaire”) NASDAQ: EMCFNASDAQEMCF)

Farmers National Banc Corp. (“Farmers”) (NASDAQFMNB), the holding company for The Farmers National Bank of Canfield (“Farmers Bank”), and Emclaire Financial Corp. (“Emclaire”) NASDAQ: EMCFNASDAQEMCF)

On May 24, 2022, the Board of Directors of the Farmers National Banc Corp. (NASDAQFMNB) declared a quarterly cash dividend of $0.16 per share. The common stock cash dividend will have a record date of June 10, 2022 and is payable to shareholders on June 30, 2022.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB) today announced financial results for the three months ended March 31, 2022.

On February 22, 2022, the Board of Directors of the Farmers National Banc Corp. (NASDAQFMNB) declared a quarterly cash dividend of $0.16 per share. The common stock cash dividend will have a record date of March 11, 2022 and is payable to shareholders on March 31, 2022.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB) today announced financial results for the three and twelve months ended December 31, 2021.

On November 23, 2021, the Board of Directors of the Farmers National Banc Corp. (NASDAQFMNB) declared a quarterly cash dividend of $0.14 per share, representing a 27% increase over the same period last year. The common stock cash dividend will have a record date of December 10, 2021, and is payable to shareholders on December 31, 2021.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB) today announced the pricing of its issuance and sale of $75 million aggregated principal amount of fixed-to-floating rate subordinated notes due 2031 (the “Notes”) in a private placement exempt from the registration requirements under the Securities Act of 1933, as amended. The Notes bear a fixed rate of 3.125% for the first five years and will reset quarterly thereafter to the then current three-month SOFR rate plus 220 basis points. The offering is expected to close on November 17, 2021. The Company intends to use the net proceeds from the offering for general corporate purposes.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), announced today that it completed the merger of Cortland Bancorp (“Cortland”) NASDAQ:CLDBNASDAQCLDB)

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB) today announced financial results for the three and nine months ended September 30, 2021.

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQFMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), today announced that it has received regulatory approvals, including approval from The Federal Reserve Bank of Cleveland and the Office of the Comptroller of the Currency, necessary to complete the proposed merger of Cortland Bancorp (“Cortland”) with and into FMNB Merger Subsidiary IV, LLC (“Merger Sub”), a newly-formed wholly-owned subsidiary of Farmers (the “Merger”) pursuant to the Agreement and Plan of Merger dated as of June 22, 2021 by and between Farmers, Cortland and Merger Sub (the “Merger Agreement”), and the related merger of Cortland’s wholly-owned subsidiary bank, The Cortland Savings and Banking Company, with and into Farmers National Bank. Subject to the approval of the Merger by the shareholders of Cortland, and the satisfaction of other customary closing conditions contained in the Merger Agreement, the Merger is expected to be completed in the fourth calendar quarter of 2021.

Farmers National Banc Corp. (“Farmers”) (NASDAQFMNB), the holding company for The Farmers National Bank of Canfield, and Cortland Bancorp (“Cortland”) NASDAQ: CLDBNASDAQCLDB)

On August 24, 2021, the Board of Directors of the Farmers National Banc Corp. (NASDAQFMNB) declared a quarterly cash dividend of $0.11 per share. The common stock cash dividend will have a record date of September 10, 2021 and is payable to shareholders on September 30, 2021.

Farmers National Banc Corp. (NASDAQFMNB) (“Farmers”) welcomes a member to its Board of Directors, Mr. Frank J. Monaco, who will bring a wealth of business and consulting experience to his new leadership role with Farmers. Mr. Monaco was appointed by the Board of Directors effective July 27, 2021 as a Class III director with a term expiring in 2022.

Farmers National Banc Corp. (Farmers) (NASDAQFMNB) today reported financial results for the three months ended June 30, 2021.

Farmers National Banc Corp. (“Farmers”) (NASDAQFMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), and Cortland Bancorp Inc. (“Cortland”) NASDAQ: CLDBNASDAQCLDB)

Farmers National Banc Corp. (NASDAQFMNB) announced today the following changes in its Accounting and Finance Executive Group. The changes are prompted by Carl D. Culp’s decision to retire as Farmers National Bank Chief Financial Officer and Senior Executive Vice President, effective August 15, 2021. The decision ends Culp’s highly successful 36-year career in accounting and the financial services industry, with 32 years dedicated to Farmers National Bank, including the last 25 years as Farmers’ Chief Financial Officer and Senior Executive Vice President. Culp has agreed to provide advisory services for a period of time to ensure a seamless transition to his successor.

On May 25, 2021, the Board of Directors of the Farmers National Banc Corp. (NASDAQFMNB) declared a quarterly cash dividend of $0.11 per share. The common stock cash dividend will have a record date of June 11, 2021 and is payable to shareholders on June 30, 2021.

Farmers National Banc Corp. (Farmers) (NASDAQFMNB) today reported financial results for the three months ended March 31, 2021.