Farmers National Banc Corp.

NASDAQ•FMNB

CEO: Mr. Kevin J. Helmick

Sector: Financial Services

Industry: Banks - Regional

Listing Date: 1999-01-04

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It offers commercial and retail banking services, including checking, savings, and time deposit accounts; commercial, mortgage and installment, and home equity loans; home equity lines of credit, night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, brokerage, and other services. The company also provides personal and corporate trust services in the areas of estate settlement, trust administration, employee benefit plans, and retirement services; property and casualty insurance products and services; and various insurance products through licensed representatives, as well as invests in municipal securities. The company was founded in 1887 and is headquartered in Canfield, Ohio.

Contact Information

20 South Broad Street, Canfield, OH, 44406, United States

330-533-3341

www.farmersbankgroup.com

Market Cap

$488.36M

P/E (TTM)

9.0

13.9

Dividend Yield

5.2%

52W High

$15.50

52W Low

$11.58

52W Range

35%

Rank38Top 36.9%

4.3

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 4.3 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$69.67M+0.50%

4-Quarter Trend

EPS

$0.39+2.63%

4-Quarter Trend

FCF

$0.00+0.00%

4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong Quarterly Net Income Growth Net income surged to $12.5M for Q3 2025, up from $8.5M in 2024; diluted EPS reached $0.33, reflecting improved profitability.

Net Interest Margin Expansion NIM improved significantly to 3.00% for Q3 2025 (vs 2.66% in 2024), driven by higher earning asset yields and lower funding costs.

Loan Portfolio Growth Noted Net loans increased to $3.30B by September 30, 2025, primarily due to growth in commercial real estate lending activities across the portfolio.

Robust Capital Adequacy Maintained Consolidated CET1 ratio stood strong at 11.62% as of September 30, 2025, well exceeding the 4.5% minimum requirement for adequacy.

Risk Factors

Nonperforming Loan Ratio Rises NPL ratio deteriorated to 1.06% at period end, up from 0.58% year-over-year, driven by specific commercial real estate relationship issues.

Increased Credit Loss Provisioning ACL increased to $39.5M; provision driven by specific reserves placed on nonperforming loans, reflecting heightened credit risk concerns.

Merger Integration Complexity Risk Combining with Middlefield Banc Corp. presents significant integration risks, including systems complexity and potential diversion of management attention.

Interest Rate Risk Sensitivity Simulation analysis shows potential 29.6% decrease in Net Present Value of Equity under a 400 basis point rate shock scenario.

Outlook

Middlefield Merger Expected Close All-stock merger with Middlefield Banc Corp. announced, expected to close in the first quarter of 2026, pending regulatory approvals.

Credit Quality Management Focus Management expects continued monitoring of credit quality, noting specific adjustments made to ACL based on adverse macroeconomic forecasts.

Core Platform Savings Expected New core platform contract conversion expected in August 2026, projected to generate annual savings of approximately $2.0 million.

Measured Loan Growth Strategy Future loan growth will be broad-based across consumer and commercial sectors, managed carefully given the uncertain economic backdrop.

Peer Comparison

Revenue (TTM)

MSBI

$455.97M

-23.1%

TCBX

$366.95M

+8.5%

SHBI

$342.72M

+5.0%

Gross Margin (Latest Quarter)

NRIM

82.9%

+5.0pp

ACNB

77.1%

-3.2pp

BHB

72.3%

+4.0pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
SMBC	$701.16M	10.8	11.8%	2.9%
SHBI	$628.09M	10.6	10.4%	1.8%
ALRS	$618.93M	35.5	3.2%	8.4%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

0.9%

Moderate Growth

4Q Net Income CAGR

2.5%

Profitability Slowly Improving

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:Apr 14, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data