Farmers National Banc Corp is a financial services company that primarily operates in the banking sector, providing a wide range of banking and financial solutions to individuals, businesses, and communities
The company offers services such as personal and commercial banking, mortgage lending, and investment management. In addition to traditional banking products, Farmers National Banc Corp also engages in wealth management and financial advisory services, aiming to support the financial needs of its clients while fostering economic growth in the regions it serves. Through its commitment to community engagement and tailored financial solutions, the company strives to build lasting relationships with its customers.
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.
