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Farmers National Banc Corp. - FMNB STOCK NEWS

Welcome to our dedicated news page for Farmers National Banc (Ticker: FMNB), a resource for investors and traders seeking the latest updates and insights on Farmers National Banc.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Farmers National Banc's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Farmers National Banc's position in the market.

Rhea-AI Summary
Farmers National Banc Corp. reported strong results for the first quarter of 2024 with earnings per diluted share of $0.30 ($0.34 excluding certain items). The Company achieved 165 consecutive quarters of profitability, strategically restructured $44.3 million of investment securities, and reported a deposit growth of $20.7 million. Non-performing loans improved to 0.38% and total assets remained stable at $5.08 billion. Net interest income decreased, while noninterest income and expenses showed fluctuations. Overall, the Company remains focused on maintaining excellent asset quality and providing leading financial services to its customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.98%
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Rhea-AI Summary
Farmers National Banc Corp. (NASDAQ: FMNB) announces a quarterly cash dividend of $0.17 per share, with a record date of March 8, 2024, payable to shareholders on March 29, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
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dividends
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Rhea-AI Summary
Farmers National Banc Corp. announced a net income of $14.6 million for Q4 2023, with earnings per diluted share of $0.39. The company recorded a $915,000 gain from selling nonaccrual commercial loans, and experienced a loan growth of $29.6 million. The total assets were $5.08 billion at December 31, 2023, compared to $4.97 billion at September 30, 2023, and $4.08 billion at December 31, 2022. The company's non-performing assets to total assets was 0.30% at December 31, 2023. Net interest income for the three months ended December 31, 2023, totaled $32.8 million in the fourth quarter of 2023 compared to $33.8 million in the third quarter of 2023 and $29.4 million for the fourth quarter of 2022. Noninterest income during the fourth quarter of 2023 was $12.2 million, compared to $8.2 million during the fourth quarter of 2022. The Company reported noninterest expense of $27.0 million for the three months ended December 31, 2023, compared to $21.1 million for the three months ended December 31, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.98%
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Rhea-AI Summary
Farmers National Banc Corp. (NASDAQ: FMNB) declares a quarterly cash dividend of $0.17 per share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.38%
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dividends
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Rhea-AI Summary
Farmers National Banc Corp. announces Q3 2023 earnings of $0.36 per share, with 163 consecutive quarters of profitability. Total assets at $4.97 billion. Non-performing asset to total assets of 0.58%. Return on average assets of 1.06%. ROAE and ROATE of 14.5% and 30.3%, respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
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Rhea-AI Summary
Farmers National Banc Corp. welcomes two new members to its Board of Directors, Mr. Carl D. Culp and Ms. Gina A. Richardson, effective September 1, 2023. Both additions bring a wealth of business experience. Mr. Culp served 32 years at Farmers National Bank and retired as the Senior EVP and CFO. Ms. Richardson is the founder of Gina Richardson LLC and focuses on business and commercial matters. Their contributions are expected to enhance shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
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none
Rhea-AI Summary
Farmers National Banc Corp. declares quarterly cash dividend of $0.17 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
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dividends
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.35%
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dividends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.74%
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Farmers National Banc Corp.

Nasdaq:FMNB

FMNB Rankings

FMNB Stock Data

451.68M
35.87M
4.13%
39.44%
1.49%
Commercial Banking
Finance and Insurance
Link
United States
Canfield

About FMNB

founded in 1887, farmers is a diversified financial services company headquartered in canfield, ohio, with approximately $1.6 billion in banking assets and $1 billion in trust assets. farmers’ wholly-owned subsidiaries are comprised of farmers national bank, a full-service national bank engaged in commercial and retail banking with 39 locations in mahoning, trumbull, columbiana, stark, summit, wayne, medina, and cuyahoga counties in ohio, and beaver county in pennsylvania. farmers trust company, which operates two trust offices and offers services in the same geographic markets and national associates, inc. farmers national insurance, llc, a wholly-owned subsidiary of farmers national bank, offers a variety of insurance products. for years to come, farmers national bank will continue to strive for innovative solutions for our customers, associates, shareholders, and the community.