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) has announced key changes in its Accounting and Finance Group. Chief Accounting Officer Joseph Sabat will retire effective May 2nd, 2025, after serving the company since 2006. Sherry Commons, who began serving as Controller in March 2025, will succeed Sabat as Chief Accounting Officer.
Commons brings over 23 years of banking experience and will report to CFO Troy Adair. The Mahoning Valley resident holds an accounting degree from Youngstown State University.
Farmers National Banc Corp., founded in 1887, manages $5.2 billion in banking assets and operates 62 banking locations across Ohio and Pennsylvania. The company's wealth management division oversees $4.3 billion in assets under care as of March 31, 2025.
Farmers National Banc Corp. (NASDAQ: FMNB) reported strong Q1 2025 results with net income of $13.6 million, or $0.36 per diluted share, up from $11.2 million in Q1 2024. The company achieved its 169th consecutive quarter of profitability and improved key metrics including:
- Net interest margin increased to 2.85% from 2.70% year-over-year
- Efficiency ratio improved to 59.6%
- Total assets grew to $5.16 billion
- Total deposits increased to $4.48 billion
Credit quality remained solid with non-performing loans ratio decreasing to 0.64%. The company opened a new commercial loan production office in Columbus and restructured $23.8 million of securities with a 260 basis point yield improvement. Notable challenges included a slight decline in loans to $3.25 billion due to reduced C&I and CRE lending activity amid rising business uncertainty.
Farmers National Bank has promoted Michael Lipke to Senior Vice President, Chief Credit Officer. Lipke, who joined the bank in 2021 following the Cortland Bancorp merger, previously served as Director of Commercial Credit Administration, managing a credit team overseeing a $2 billion loan portfolio.
In his new role, Lipke will oversee the bank's commercial credit, loan operations, and special assets departments. He brings over 25 years of banking and financial services experience across Northeast Ohio and Western PA, holding a bachelor's degree from Duquesne University and an MBA from the University of Pittsburgh.
Farmers National Banc Corp, founded in 1887, operates 62 banking locations across Ohio and Pennsylvania, with $5.1 billion in banking assets and $4.2 billion in wealth management assets under care as of December 31, 2024.
Farmers National Bank has appointed David D. Dygert as Market President for the Columbus/Central Ohio Region. Dygert brings 26 years of leadership experience in banking and commercial real estate, including 19 years as EVP and Market President for two Columbus-region banks. This appointment follows Farmers' Q4 2024 acquisition of Dublin-based Crest Retirement Advisors through its subsidiary, National Associates, Inc.
Farmers National Banc Corp, founded in 1887, is an Ohio-based financial services company with $5.1 billion in banking assets and $4.2 billion in wealth management assets under care as of December 31, 2024. The company operates 62 banking locations across multiple counties in Ohio and Pennsylvania through its subsidiaries, including The Farmers National Bank of Canfield and Farmers Trust Company.
Farmers National Banc Corp. (NASDAQ: FMNB) has announced its latest quarterly dividend distribution. The Board of Directors declared a cash dividend of $0.17 per share on February 25, 2025. Shareholders will receive the dividend payment on March 31, 2025, with a record date set for March 14, 2025.
Farmers National Banc Corp. (FMNB) reported Q4 2024 net income of $14.4 million, or $0.38 per diluted share, compared to $14.6 million, or $0.39 per diluted share in Q4 2023. The company's net interest margin improved to 2.72% from 2.66% in Q3 2024, though down from 2.78% in Q4 2023.
Total assets stood at $5.12 billion, with loans at $3.27 billion and deposits at $4.27 billion. The company completed the acquisition of Crest Retirement Advisors in Dublin, OH, with wealth management assets reaching $4.2 billion. Non-performing loans increased to $22.8 million (0.70% of total loans), up from $19.1 million in Q3 2024.
The efficiency ratio improved to 56.4%, and the company maintained strong performance in fee-based businesses. Management expects continued net interest margin expansion in 2025 as funding costs decrease.
Farmers National Bank has appointed Tim Shaffer as Chief Banking Officer, promoting him from his previous role as Chief Credit Officer. Shaffer, who joined the bank in 2011, has held various leadership positions including Commercial Lending Team Leader, Director of Commercial Banking/Private Banking Services, Mahoning Valley Regional President, and Chief Lending Officer.
In his new role, Shaffer will oversee the strategy and execution of credit, commercial and mortgage lending areas. The appointment is described as a key element of the organization's growth strategy, leveraging his extensive background in credit, lending, and commercial banking services to assess business conditions across all markets in the bank's footprint.
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.
