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 (FMNB) reported earnings of $0.19 per diluted share for Q1 2023, down from $0.47 per share in Q1 2022. Net income of $7.1 million reflects a decline from $15.8 million year-over-year. Excluding acquisition-related charges, earnings would have been $0.44 per share. The company successfully integrated Emclaire Financial Corp with total assets increasing to $5.11 billion. Farmers repurchased 850,799 shares, representing 2.2% of outstanding stock. The efficiency ratio was 53.5%, while return on average assets was 1.30%. The increase in customer deposits to $4.31 billion was driven by the Emlenton acquisition and organic growth. However, the company faces heightened competition and rising funding costs amidst a volatile interest rate environment.
Farmers National Banc Corp. (NASDAQ: FMNB) announced a new share repurchase program allowing the company to repurchase up to 1,000,000 shares of its common stock. This decision reflects the company's financial strength and commitment to enhancing shareholder value. Since the start of 2023, approximately $5.0 million worth of shares have already been repurchased. Additionally, annual dividends per share have increased from $0.38 to $0.68 since 2018, demonstrating a robust capital allocation strategy. The repurchase program replaces the previous one from 2019, which had approximately 198,336 shares remaining as of February 28, 2023.
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