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) announced a quarterly cash dividend of $0.16 per share on
Founded in 1887 and headquartered in Canfield, Ohio, Farmers National Banc Corp. holds $4.2 billion in banking assets and operates multiple subsidiaries, including The Farmers National Bank of Canfield and Farmers Trust Company, managing $3.1 billion in wealth management assets.
Farmers National Banc Corp. (FMNB) reported a net income of $15.8 million for Q1 2022, translating to $0.47 per diluted share, a slight increase from $14.6 million or $0.51 per share in Q1 2021. Excluding certain items, earnings would have been $0.51 per share. Total assets rose to $4.21 billion, while gross loans dipped to $2.30 billion. Notably, Farmers completed the integration of Cortland Bancorp and announced a merger with Emclaire Financial Corp. (EMCF), expanding its presence into Pennsylvania. Challenges included a decline in net interest margin.
Farmers National Banc Corp (NASDAQ: FMNB) announces leadership changes in the Canton Region following the retirement of Joseph Gerzina as Senior Vice President, Regional President – West, effective April 30, 2022. Gerzina, who has been integral in expanding Farmers' Stark County presence, will assist in the transition. William C. Shivers has been appointed as his successor, overseeing growth in the Akron, Canton, and Cleveland areas, while Michael Mudrak and Patrick Renner will take on new roles within the team. Farmers continues to emphasize its commitment to leadership and regional growth.
Farmers National Banc Corp. and Emclaire Financial Corp. have announced a merger agreement valued at approximately
Farmers National Banc Corp. (FMNB) has declared a quarterly cash dividend of $0.16 per share, marking a 45% year-over-year increase. The record date for this dividend is March 11, 2022, and it will be payable on March 31, 2022. This signifies the company’s seventh consecutive year of dividend increases, with an annualized cash dividend growth from $0.12 per share in 2015 to $0.64 per share, reflecting a 27% compound annual growth rate. This growth is attributed to strong financial performance and the successful acquisition of Cortland Bancorp.
Farmers National Banc Corp. (FMNB) reported Q4 2021 net income of $5.7 million ($0.18/share), down from $11.4 million ($0.40/share) year-over-year. Excluding one-time items, core net income was $16.2 million ($0.50/share). The company completed the acquisition of Cortland Bancorp, adding $841.7 million in assets. Total assets reached $4.14 billion, with gross loans of $2.33 billion. Return on average assets (non-GAAP) was 1.65%, while the efficiency ratio was 47.4%. Noninterest income fell to $9.5 million. Total deposits grew to $3.55 billion, driven by the acquisition.
The Board of Directors of Farmers National Banc Corp. announced a 27% increase in its quarterly cash dividend to
Farmers National Banc Corp. (FMNB) announced the pricing of $75 million in fixed-to-floating rate subordinated notes due 2031. The notes carry a fixed rate of 3.125% for five years, then quarterly reset to the three-month SOFR rate plus 220 basis points. The offering is expected to close on November 17, 2021, with proceeds intended for general corporate purposes. CEO Kevin J. Helmick expressed satisfaction with investor interest, highlighting the financial flexibility provided by this debt issuance following the acquisition of Cortland Bancorp.
Farmers National Banc Corp. has successfully completed its merger with Cortland Bancorp, enhancing its market position in Northeast Ohio. The merger increases Farmers' total assets to over $4.1 billion and its wealth management assets to exceed $3 billion, positioning it among Ohio's largest community banks. Following the merger, shares of Cortland are no longer traded. Two members from Cortland's board, Richard Thompson and Neil Kaback, join Farmers' Board of Directors, expected to bring diverse expertise to enhance shareholder value.
Farmers National Banc Corp. (NASDAQ: FMNB) reported a record net income of $16.0 million for Q3 2021, or $0.56 per diluted share, marking a 47% increase from Q3 2020. Excluding merger costs, earnings per share rose to $0.58. Total assets grew to $3.32 billion, with deposits increasing by 9.8% year-over-year. The company announced the upcoming acquisition of Cortland Bancorp, expected to close on November 1, 2021. The efficiency ratio stood at 46.0% and the net interest margin was 3.47%. They reported a negative provision for credit losses of $948,000.