Farmers National Banc Corp. Declares Quarterly Cash Dividend

Rhea-AI Summary

The Board of Directors of Farmers National Banc Corp. announced a 27% increase in its quarterly cash dividend to $0.14 per share, reflecting strong 2021 performance and the successful acquisition of Cortland Bancorp. The record date for the dividend is December 10, 2021, with a payment date of December 31, 2021. This marks the sixth consecutive year of dividend increases, and since 2015, the annual dividend has grown by 26% CAGR. Farmers National Banc Corp. holds $4.1 billion in banking assets, demonstrating financial strength.

Positive

• 27% year-over-year increase in quarterly cash dividend to $0.14.
• Six consecutive years of dividend increases.
• 26% CAGR in annual cash dividend since 2015.
• $4.1 billion in banking assets indicates strong financial health.

Negative

• None.

Quarterly Cash Dividend Payment Increased 27% Year-over-Year

CANFIELD, Ohio--(BUSINESS WIRE)-- On November 23, 2021, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.14 per share, representing a 27% increase over the same period last year. The common stock cash dividend will have a record date of December 10, 2021, and is payable to shareholders on December 31, 2021.

“The 27% increase in our quarterly cash dividend reflects both our strong performance in 2021 along with the successful closing of the Cortland Bancorp. transaction. The increase marks the sixth consecutive year we have increased our dividend payment and reflects our optimism for the future of Farmers,” said Kevin J. Helmick, President and CEO of Farmers. “Since 2015, our annual cash dividend has increased at an impressive 26% compound annual growth rate, reflecting our strong financial results and commitment to returning capital to shareholders.”

ABOUT FARMERS NATIONAL BANC CORP.

Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $4.1 billion in banking assets. Farmers National Banc Corp.’s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 48 banking locations in Mahoning, Trumbull, Columbiana, Stark, Summit, Portage, Wayne, Medina, Geauga and Cuyahoga Counties in Ohio and Beaver County in Pennsylvania; Farmers Trust Company, which operates five trust offices and offers services in the same geographic markets and Farmers National Insurance, LLC. Total wealth management assets under care at September 30, 2021 were $3.0 billion.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211124005964/en/

Amber Wallace

Executive Vice President, Chief Retail/Marketing Officer

330-720-6441

awallace@farmersbankgroup.com

Source: Farmers National Banc Corp.

FAQ

What is the new dividend amount for FMNB?

The new quarterly cash dividend for Farmers National Banc Corp. (FMNB) is $0.14 per share.

When is the record date for FMNB's dividend?

The record date for FMNB's dividend is December 10, 2021.

When will FMNB's dividend be paid?

FMNB's dividend will be paid on December 31, 2021.

How much has FMNB increased its dividend since last year?

FMNB has increased its dividend by 27% compared to last year.

How many consecutive years has FMNB increased its dividend?

FMNB has increased its dividend for six consecutive years.