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FMNB

Farmers National Banc Corp.

FMNB

Farmers National Banc Corp. • NASDAQ
$13.59 ▼ -0.07% (-0.01)
Market Cap $511.71 M
52w High $16.07
52w Low $11.58
Dividend Yield 0.68%
P/E 9.44
Volume 60.13K
Outstanding Shares 37.65M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $70.796M ▲ $31.679M ▲ $12.461M ▼ 17.601% ▼ $0.33 ▼ $16.336M ▼
Q2-2025 $69.824M ▲ $27.175M ▼ $13.91M ▲ 19.922% ▼ $0.37 ▲ $18.056M ▲
Q1-2025 $67.786M ▼ $28.526M ▲ $13.578M ▼ 20.031% ▼ $0.36 ▼ $17.967M ▼
Q4-2024 $69.323M ▼ $26.174M ▼ $14.391M ▲ 20.759% ▲ $0.38 ▲ $19.481M ▲
Q3-2024 $70.263M $27.075M $8.535M 12.147% $0.23 $11.634M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.326B ▲ $5.236B ▲ $4.77B ▲ $465.949M ▲
Q2-2025 $685.972M ▼ $5.178B ▲ $4.741B ▲ $437.748M ▲
Q1-2025 $686.158M ▲ $5.157B ▲ $4.728B ▲ $429.134M ▲
Q4-2024 $651.921M ▼ $5.119B ▼ $4.713B ▼ $406.028M ▼
Q3-2024 $1.314B $5.237B $4.797B $439.678M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $12.461M ▼ $10.712M ▼ $-38.647M ▲ $29.54M ▲ $1.605M ▲ $9.032M ▼
Q2-2025 $13.91M ▲ $14.018M ▼ $-46.159M ▼ $9.625M ▲ $-22.516M ▼ $12.424M ▲
Q1-2025 $13.578M ▼ $15.67M ▲ $7.417M ▲ $4.431M ▲ $27.518M ▲ $12.172M ▲
Q4-2024 $14.391M ▲ $13.242M ▼ $-34.352M ▲ $-82.288M ▼ $-103.398M ▼ $8.795M ▼
Q3-2024 $8.535M $23.731M $-41.699M $26.117M $8.149M $20.264M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Debit Card
Debit Card
 $0 ▲$0 ▲$0 ▲$0 ▲
Deposit Account
Deposit Account
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Fiduciary and Trust
Fiduciary and Trust
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Insurance Agency Commissions
Insurance Agency Commissions
 $0 ▲$0 ▲$0 ▲$0 ▲
Investment Commissions
Investment Commissions
 $0 ▲$0 ▲$0 ▲$0 ▲
Debit Card And Electronic Funds Transfer Fees
Debit Card And Electronic Funds Transfer Fees
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Financial Service Other
Financial Service Other
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Retirement Plan Consulting Fees
Retirement Plan Consulting Fees
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Farmers National Banc Corp. shows a pattern of steady, not explosive, growth. Revenue has trended upward over the past several years, and profits have remained consistently positive. Margins have held up reasonably well, suggesting decent cost control despite a more challenging interest-rate environment. Earnings per share were strongest a couple of years ago and have eased a bit since, which likely reflects narrower lending spreads and higher funding costs rather than a breakdown in the core business. Overall, the income statement reflects a stable, fairly conservative regional bank with dependable profitability but some recent pressure on growth and per‑share earnings.

Balance Sheet

Balance Sheet The balance sheet has grown as the bank has expanded its loan book and overall asset base. Equity has increased over time, giving a meaningful cushion to absorb shocks, though leverage has also risen as the bank makes greater use of borrowed funds to support growth. Cash on hand is relatively modest, which is typical for a bank that deploys most of its balance sheet into loans and securities, but it does mean reliance on customer deposits and other funding sources remains important. The key story here is a bigger franchise, more lending, and a generally solid capital position, offset by higher funding needs that will be sensitive to interest rates and deposit trends.

Cash Flow

Cash Flow Cash generation is a quiet strength. Operating cash flow has been consistently positive, indicating that the core banking activities are reliably bringing in cash. Free cash flow has also remained positive, helped by relatively low spending on physical infrastructure and equipment. This pattern suggests the bank can fund its ongoing needs internally without heavy dependence on capital markets. The flip side is that there is limited room for waste; continued discipline around loan quality, funding costs, and expenses is essential to keep this cash profile intact.

Competitive Edge

Competitive Edge Farmers National Banc Corp. operates as a community‑focused regional bank with deep local roots, primarily in Ohio and surrounding areas. Its strengths include long-standing customer relationships, a strong community reputation, and a broader product lineup than a typical small bank, thanks to wealth management, trust, and insurance services. Strategic acquisitions have expanded its footprint and customer base, and the planned merger with Middlefield Banc is intended to increase scale and improve efficiency. At the same time, the bank competes against larger national players, aggressive regional peers, and digital‑first challengers. Its competitive position depends on maintaining local relationship advantages, integrating acquisitions smoothly, and differentiating through service rather than simply price.

Innovation and R&D

Innovation and R&D For a regional bank, Farmers appears relatively proactive on innovation. The “Lab Branch” concept, with interactive teller machines and technology‑centric layouts, shows a willingness to experiment with how customers interact with the bank. On the digital side, the bank is building out online and mobile capabilities, including business‑oriented tools and planned video support features. Its integrated “Wealth Management 360” approach and specialized small‑business lending programs further distinguish its offering from more generic community banks. The main risks around this innovation push are execution and adoption: the bank must ensure that new tools are intuitive, actually used by customers, and do not compromise its traditional high‑touch service model or cost structure.

Summary

Taken together, Farmers National Banc Corp. looks like a steady, relationship‑driven regional bank that is trying to scale up and modernize without losing its community feel. Financial results point to consistent profitability, reasonable margins, and solid cash generation, though recent years show some pressure on per‑share earnings and a greater reliance on funding as the balance sheet has grown. Its competitive edge rests on local trust, a diversified service mix, and a measured embrace of technology, supported by acquisitions and planned mergers to gain scale. The main uncertainties revolve around interest‑rate swings, credit quality in its local economies, integration of acquired institutions, and the ongoing need to keep pace with rapidly evolving banking technology while preserving its community‑bank identity.

NEWS

November 25, 2025 · 4:05 PM UTC

Farmers National Banc Corp. Declares Quarterly Cash Dividend

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October 28, 2025 · 5:30 PM UTC

SHAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Farmers National Banc Corp. (NASDAQ: FMNB)

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October 23, 2025 · 3:56 PM UTC

KBRA Comments on Farmers National Banc Corp's Merger Agreement to Acquire Middlefield Banc Corp.

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October 22, 2025 · 4:40 PM UTC

Middlefield Banc Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Middlefield Banc Corp. - MBCN

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October 22, 2025 · 9:45 AM UTC

FMNB Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Farmers National Banc Corp. Is Fair to Shareholders

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