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 (FMNB) provides comprehensive financial services through banking, trust, and insurance operations across Ohio and Pennsylvania. This news hub offers investors and stakeholders centralized access to official updates from this established institution founded in 1887.
Track key developments including quarterly earnings, strategic acquisitions, leadership announcements, and regulatory filings. Our curated collection ensures timely access to press releases and verified news impacting FMNB's commercial banking, trust management, and insurance underwriting activities.
Explore updates from Farmers National Bank branches, Farmers Trust Company services, and Farmers National Insurance operations. Content is organized for quick scanning while maintaining compliance with financial disclosure standards. Bookmark this page for efficient monitoring of dividend announcements, market expansions, and service innovations.
Stay informed about this NASDAQ-listed company's community-focused initiatives and financial performance through our maintained news archive. Regular updates provide continuity for analyzing FMNB's position in regional banking and integrated financial services.
Farmers National Banc Corp reported net income of $8.5 million ($0.23 per diluted share) for Q3 2024, down from $13.3 million ($0.36 per share) in Q3 2023. The quarter was impacted by a $12.5 million commercial credit issue resulting in a $4.4 million charge-off and $1.2 million specific reserve. The company showed strong commercial loan growth of $35.2 million (7.2% annualized) and customer deposit growth of $81.1 million (7.7% annualized). Total assets reached $5.24 billion, with loans increasing to $3.28 billion. Wealth management assets grew to $4.0 billion, and the company maintains 167 consecutive quarters of profitability.
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.
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%.
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.
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