Farmers National Banc Corp Stock Price, News & Analysis

Farmers National Banc Corp (NASDAQ: FMNB) agreed to acquire Middlefield Banc Corp (NASDAQ: MBCN) in an all-stock merger, with each Middlefield share converting into 2.6 shares of Farmers. Based on Farmers' Oct 20, 2025 close of $13.91, the deal is valued at approximately $299.0 million or $36.17 per Middlefield share. The combined franchise is expected to have about $7.4 billion in assets and 83 branches across Ohio and western Pennsylvania.

The merger is expected to be tax-free, unanimously approved by both boards, and to close by the end of Q1 2026, subject to shareholder and regulatory approvals. Farmers expects the transaction to be accretive to pro forma TCE/TA and to add scale, expanded markets (including Columbus), and two Middlefield directors on Farmers’ board upon closing.

Farmers National Banc Corp (NASDAQ: FMNB) reported Q3 2025 net income of $12.5M or $0.33 diluted EPS, versus $8.5M ($0.23) in Q3 2024; adjusted net income was $15.7M or $0.42 per diluted share excluding sale losses and a $3.1M consulting charge. Total assets rose to $5.24B and loans to $3.34B. Commercial loans grew $30.1M for the quarter (6.0% annualized); overall loan growth was $34.4M (4.2% annualized). Net interest margin improved to 3.00% from 2.66% year-over-year. The company restructured $28.5M of securities to capture ~220 bps higher yield and announced a merger with Middlefield Banc Corp expected to create a combined franchise with > $7.4B in assets.

Farmers National Banc Corp (NASDAQ: FMNB) had its long- and short-term ratings affirmed by KBRA with a Stable outlook. KBRA cited sustained profitability (ROA generally >1.0% and >1.0% in 1H25), expanding net interest margin after Fed cuts, and meaningful noninterest income (26% of operating revenue in 1H25) driven by a wealth management platform with $4.4B AUC. Capital and liquidity metrics improved after the Emclaire acquisition (added $1.1B assets). Key risks include higher NPA levels, office CRE exposure at 6% of loans, investor CRE at 179% of risk-based capital, and sizable unrealized losses in a securities portfolio that is 25% of assets.

Farmers National Banc Corp. (NASDAQ: FMNB) announced that its Board of Directors has declared a quarterly cash dividend of $0.17 per share. The dividend will be paid on September 30, 2025, to shareholders of record as of September 12, 2025.

Farmers National Banc Corp. (NASDAQ: FMNB) reported strong Q2 2025 financial results with net income of $13.9 million, or $0.37 per diluted share, up from $11.8 million in Q2 2024. The company demonstrated robust performance with loan growth of $52.0 million (6.4% annualized) and improved net interest margin of 2.91%, up from 2.71% year-over-year.

Key highlights include commercial loan growth of $43.6 million (8.8% annualized), efficiency ratio improvement to 56.7% from 60.8%, and total assets reaching $5.18 billion. However, non-performing loans increased to $27.8 million, with two Pittsburgh-area commercial real estate loans requiring $2.6 million in specific reserves.

The company's deposit base showed strength with $71.7 million growth (8.8% annualized) in core deposits since March 2025, while maintaining strong liquidity with $596.9 million in additional FHLB borrowing capacity.

Farmers National Banc Corp. (NASDAQ: FMNB) has announced a quarterly cash dividend of $0.17 per share. The dividend will be paid to shareholders on June 30, 2025, with a record date of June 13, 2025. This announcement follows the Board of Directors' declaration on May 27, 2025.

Farmers National Banc Corp. (FMNB) has announced key changes in its Accounting and Finance Group. Chief Accounting Officer Joseph Sabat will retire effective May 2nd, 2025, after serving the company since 2006. Sherry Commons, who began serving as Controller in March 2025, will succeed Sabat as Chief Accounting Officer.

Commons brings over 23 years of banking experience and will report to CFO Troy Adair. The Mahoning Valley resident holds an accounting degree from Youngstown State University.

Farmers National Banc Corp., founded in 1887, manages $5.2 billion in banking assets and operates 62 banking locations across Ohio and Pennsylvania. The company's wealth management division oversees $4.3 billion in assets under care as of March 31, 2025.

Farmers National Banc Corp. (NASDAQ: FMNB) reported strong Q1 2025 results with net income of $13.6 million, or $0.36 per diluted share, up from $11.2 million in Q1 2024. The company achieved its 169th consecutive quarter of profitability and improved key metrics including:

- Net interest margin increased to 2.85% from 2.70% year-over-year
- Efficiency ratio improved to 59.6%
- Total assets grew to $5.16 billion
- Total deposits increased to $4.48 billion

Credit quality remained solid with non-performing loans ratio decreasing to 0.64%. The company opened a new commercial loan production office in Columbus and restructured $23.8 million of securities with a 260 basis point yield improvement. Notable challenges included a slight decline in loans to $3.25 billion due to reduced C&I and CRE lending activity amid rising business uncertainty.

Farmers National Bank has promoted Michael Lipke to Senior Vice President, Chief Credit Officer. Lipke, who joined the bank in 2021 following the Cortland Bancorp merger, previously served as Director of Commercial Credit Administration, managing a credit team overseeing a $2 billion loan portfolio.

In his new role, Lipke will oversee the bank's commercial credit, loan operations, and special assets departments. He brings over 25 years of banking and financial services experience across Northeast Ohio and Western PA, holding a bachelor's degree from Duquesne University and an MBA from the University of Pittsburgh.

Farmers National Banc Corp, founded in 1887, operates 62 banking locations across Ohio and Pennsylvania, with $5.1 billion in banking assets and $4.2 billion in wealth management assets under care as of December 31, 2024.