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. (NASDAQ: FMNB) is a diversified financial services holding company for The Farmers National Bank of Canfield and related subsidiaries. Founded in 1887 and headquartered in Canfield, Ohio, the company operates in commercial and retail banking, trust and wealth management, and insurance services across selected markets in Ohio and Pennsylvania.
This news page aggregates company-specific coverage of FMNB, reflecting announcements and disclosures made through press releases and regulatory filings. Readers can find updates on quarterly and annual earnings, including details on net interest income, noninterest income, credit quality metrics, and efficiency measures as reported by the company. Earnings releases often highlight trends in loan growth, deposit balances, net interest margin and fee-based revenue from trust, insurance and retirement consulting activities.
News items also include dividend declarations by the Board of Directors, specifying per-share dividend amounts, record dates and payment dates for Farmers National Banc Corp. common stock. These announcements provide insight into the company’s capital return practices and board decisions regarding cash distributions to shareholders.
Another key category of coverage relates to strategic transactions and corporate actions. For example, Farmers National Banc Corp. and Middlefield Banc Corp. have announced a definitive merger agreement under which Middlefield will merge with and into Farmers in an all-stock transaction, subject to shareholder and regulatory approvals. Related news discusses the expected impact on total assets, branch network and geographic footprint, as well as the planned merger of The Middlefield Banking Company into The Farmers National Bank of Canfield.
In addition, this page features items on corporate governance and regulatory developments, such as amendments to the company’s code of regulations and Form 8-K disclosures regarding material events. Credit rating agency reports on Farmers National Banc Corp. and its subsidiary bank, which address topics like earnings capacity, asset quality, capital ratios and liquidity, may also be referenced in the news flow.
Investors, analysts and other interested readers can use this news feed to review the company’s public communications over time, including financial performance updates, dividend actions and information about the proposed merger with Middlefield Banc Corp.
Farmers National Banc Corp (NASDAQ: FMNB) has announced that its subsidiary, National Associates, Inc., has completed the acquisition of Crest Retirement Advisors on December 16, 2024. Crest, founded in 2014 and based in Dublin, Ohio, specializes in providing customized retirement plans and administrative services to small businesses in Central Ohio.
The acquisition, which is expected to be immediately accretive to earnings, aligns with Farmers' multi-year growth strategy to expand its Wealth Management business and increase presence in Central Ohio. Crest will continue operating under its current name and location but is expected to merge with National Associates Inc. Farmers currently manages $4.0 billion in total wealth management assets under care as of September 30, 2024, and has $5.2 billion in banking 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 December 31, 2024, to shareholders of record as of December 13, 2024.
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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