STOCK TITAN

Farmers National Banc Corp - FMNB STOCK NEWS

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

Farmers National Banc Corp (symbol: FMNB) is a diversified financial services company headquartered in Canfield, Ohio, founded in 1887. With approximately $1.6 billion in banking assets and $1 billion in trust assets, Farmers National Banc Corp stands as a robust and dependable institution in the financial sector. The company operates through several wholly-owned subsidiaries, including Farmers National Bank, Farmers Trust Company, and Farmers National Insurance, LLC.

Farmers National Bank is a full-service national bank offering commercial and retail banking services across 39 locations in Mahoning, Trumbull, Columbiana, Stark, Summit, Wayne, Medina, and Cuyahoga counties in Ohio, as well as Beaver County in Pennsylvania. The bank provides a wide range of services to meet the financial needs of both individuals and businesses, ensuring a high level of customer satisfaction and community engagement.

Farmers Trust Company operates two trust offices offering services in the same geographic markets as the bank. This subsidiary focuses on trust and retirement consulting, helping clients manage and grow their assets with confidence.

Farmers National Insurance, LLC, another wholly-owned subsidiary of Farmers National Bank, offers a variety of insurance products tailored to the diverse needs of their clientele. From personal insurance policies to comprehensive business coverage, the company ensures that all aspects of financial security are addressed.

Operating Segments: Farmers National Banc Corp operates primarily in two segments: the Bank segment and the Trust segment. The majority of the company’s revenue is derived from its banking operations, which include securities underwriting and dealing, insurance agency and underwriting activities, and merchant banking activities. This diversified approach helps to stabilize income streams and reduce risk.

In recent years, Farmers National Banc Corp has continued to innovate and expand its service offerings. The company remains committed to providing superior financial solutions for its customers, associates, shareholders, and the community. Through strategic partnerships and forward-thinking initiatives, Farmers National Banc Corp continues to uphold its reputation as a leading financial services provider in the region.

Rhea-AI Summary

Farmers National Banc Corp. (NASDAQ: FMNB) has declared a quarterly cash dividend of $0.17 per share. The Board of Directors made this decision on August 27, 2024. Shareholders of record as of September 13, 2024, will receive the dividend payment on September 30, 2024. This announcement demonstrates the company's commitment to providing regular returns to its shareholders, which is often viewed positively by investors seeking income-generating stocks.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.59%
Tags
dividends
-
Rhea-AI Summary

Farmers National Banc Corp. (NASDAQ: FMNB) reported net income of $11.8 million, or $0.31 per diluted share, for Q2 2024. Excluding certain items, adjusted earnings were $12.2 million, or $0.33 per diluted share. The company experienced strong loan growth of $56.1 million (7.0% annualized) and sequential improvement in net interest income. Total assets reached $5.16 billion, with loans increasing to $3.24 billion. Asset quality remained strong with non-performing loans to total loans at 0.40%. The net interest margin declined to 2.71% due to increased funding costs. Noninterest income slightly increased to $9.6 million, while noninterest expense remained stable at $26.4 million. The company maintains a strong liquidity position with a loan-to-deposit ratio of 77.0%.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
-
Rhea-AI Summary

Farmers National Banc Corp. (NASDAQ: FMNB) announced a quarterly cash dividend of $0.17 per share on May 21, 2024.

The dividend will have a record date of June 14, 2024, and will be payable to shareholders on June 28, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
Tags
dividends
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%
Tags
-
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%
Tags
dividends
-
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%
Tags
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%
Tags
dividends
-
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%
Tags
-
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%
Tags
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%
Tags
dividends

FAQ

What is the current stock price of Farmers National Banc (FMNB)?

The current stock price of Farmers National Banc (FMNB) is $14.92 as of September 9, 2024.

What is the market cap of Farmers National Banc (FMNB)?

The market cap of Farmers National Banc (FMNB) is approximately 560.6M.

What services does Farmers National Bank provide?

Farmers National Bank offers commercial and retail banking services, including loans, deposits, and financial management.

Where is Farmers National Banc Corp headquartered?

Farmers National Banc Corp is headquartered in Canfield, Ohio.

What are the primary operating segments of Farmers National Banc Corp?

The primary operating segments are the Bank segment and the Trust segment.

How many locations does Farmers National Bank have?

Farmers National Bank operates 39 locations across several counties in Ohio and one county in Pennsylvania.

What types of insurance products does Farmers National Insurance, LLC offer?

Farmers National Insurance, LLC offers a variety of personal and business insurance products.

When was Farmers National Banc Corp founded?

Farmers National Banc Corp was founded in 1887.

What is the asset size of Farmers National Banc Corp?

Farmers National Banc Corp has approximately $1.6 billion in banking assets and $1 billion in trust assets.

What financial activities is Farmers National Banc Corp involved in?

The company is involved in securities underwriting and dealing, insurance agency and underwriting activities, and merchant banking activities.

What geographic areas does Farmers Trust Company serve?

Farmers Trust Company serves the same geographic markets as Farmers National Bank, including several counties in Ohio and Pennsylvania.

How does Farmers National Banc Corp ensure customer satisfaction?

Farmers National Banc Corp offers a wide range of financial services tailored to meet the needs of individuals and businesses, ensuring high customer satisfaction.

Farmers National Banc Corp

Nasdaq:FMNB

FMNB Rankings

FMNB Stock Data

560.64M
37.55M
4.17%
38.14%
1.05%
Banks - Regional
State Commercial Banks
Link
United States of America
CANFIELD