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. (FMNB) reported strong financial results for Q4 and the full year ended December 31, 2020. Net income for Q4 was $11.4 million ($0.40/share), up from $9.7 million ($0.35/share) in Q4 2019. Annual net income rose to $41.9 million ($1.47/share), compared to $35.8 million ($1.28/share) in 2019. Loans increased 14.7% year-over-year to $2.08 billion. However, non-performing assets rose to 0.45%. The efficiency ratio improved to 50.25%. Farmers offered financial assistance to customers during the pandemic, facilitating $199.8 million in PPP loans for 1,714 businesses.
Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.11 per share on November 24, 2020. The record date for this dividend is December 11, 2020, and it will be payable to shareholders on December 31, 2020. This highlights the company’s commitment to returning value to its shareholders.
Farmers National Banc Corp. is a diversified financial services firm with $3 billion in banking assets, operating through its various subsidiaries.
Farmers National Banc Corp. (FMNB) reported net income of $10.9 million or $0.38 per diluted share for Q3 2020, up from $9.2 million or $0.33 per share in Q3 2019. Year-to-date net income reached $30.5 million, representing an increase of 16.9% year-over-year. Total loans grew 20.4% to $2.15 billion year-over-year, with a 10.1% increase when excluding acquisitions. The loan-to-deposit ratio was 84.6%, while annualized return on average assets stood at 1.45%.