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Farmers National Banc Corp.

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
$541.83M
P/E (TTM)
9.9
15.2
Dividend Yield
4.7%
52W High
$15.73
52W Low
$11.58
52W Range
68%
Rank43Top 38.2%
4.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$70.80M+0.76%
4-Quarter Trend

EPS

$0.33+43.48%
4-Quarter Trend

FCF

$9.03M-55.43%
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)

Midland States Bancorp, Inc.MSBI
$483.78M
+0.6%
Alerus Financial CorporationALRS
$392.24M
+40.7%
Third Coast Bancshares, Inc.TCBX
$359.08M
+9.0%

Gross Margin (Latest Quarter)

Midland States Bancorp, Inc.MSBI
100.0%
+0.0pp
Unity Bancorp, Inc.UNTY
51.2%
-11.4pp
Southern Missouri Bancorp, Inc.SMBC
0.0%
+0.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SMBC$694.25M11.311.5%0.0%
SHBI$622.74M10.910.2%2.2%
NRIM$612.35M9.721.9%0.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.7%
Moderate Growth
4Q Net Income CAGR
-4.7%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 4, 2026
|
EPS:$0.47
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $70.80M+0.8%
    |
    EPS: $0.33+43.5%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $69.82M+5.1%
    |
    EPS: $0.37+15.6%
    Meet

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $67.79M+6.9%
    |
    EPS: $0.36+20.0%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 6, 2025|
    Revenue: $269.45M+5.6%
    |
    EPS: $1.23-8.2%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $70.26M+9.7%
    |
    EPS: $0.23-36.1%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $66.45M+6.7%
    |
    EPS: $0.32-20.0%
    Meet

  • Form 10-K/A - FY 2023

    Period End: Dec 31, 2023|Filed: Aug 7, 2024|
    Revenue: $255.20M+43.4%
    |
    EPS: $1.34-25.1%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $63.41M+2.8%
    |
    EPS: $0.30+57.9%
    Miss