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.
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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.
Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.17 per share, marking a 6.25% increase year-over-year. The record date for the dividend is March 10, 2023, and it will be payable on March 31, 2023. Founded in 1887, Farmers National Banc Corp. has $4.1 billion in banking assets and operates through its wholly-owned subsidiaries, including The Farmers National Bank of Canfield and Farmers Trust Company, which offers comprehensive banking and wealth management services.
Farmers National Banc Corp. (FMNB) reported net income of $13.4 million for Q4 2022, compared to $5.7 million in Q4 2021, with diluted earnings per share reaching $0.39 ($0.42 excluding certain items). Total assets decreased to $4.08 billion from $4.12 billion in the previous quarter. The Company experienced loan growth of $5.2 million, driven by non-PPP loans. Despite a decline in customer deposits, total stockholders' equity rose to $292.3 million. The efficiency ratio improved to 51.1%. The recent acquisition of Emclaire Financial Corp. is expected to enhance market presence, increasing total bank assets to over $5 billion.
Farmers National Banc Corp. (NASDAQ: FMNB) has successfully completed the merger with Emclaire Financial Corp. (formerly NASDAQ: EMCF), enhancing its presence in Pennsylvania. This merger, part of Farmers' ongoing strategy, integrates Emlenton Bank into Farmers National Bank, expanding its banking assets to over $5 billion and wealth management assets to $2.9 billion. Key personnel from Emclaire, including William C. Marsh, have been integrated into Farmers’ management. The merger is expected to broaden Farmers’ service offerings in the region.