Farmers National Banc Corp. Declares Quarterly Cash Dividend

Rhea-AI Summary

Farmers National Banc Corp. (NASDAQ: FMNB) announced a quarterly cash dividend of $0.17 per share on November 22, 2022, marking a significant 21% increase year-over-year. This increase is part of a consistent trend, as it follows a 27% increase last year, representing the seventh consecutive year of dividend growth. The record date for the dividend is December 9, 2022, with a payment date set for December 30, 2022. The company emphasizes its commitment to growing profits and supporting stakeholders.

Positive

• Quarterly cash dividend increased by 21% year-over-year.
• Seventh consecutive year of annual dividend growth.
• Demonstrates company confidence and profitability.

Negative

• None.

Quarterly Cash Dividend Payment Increased 21% Year-over-Year

CANFIELD, Ohio--(BUSINESS WIRE)-- On November 22, 2022, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.17 per share, representing a 21% increase over the same period last year. The common stock cash dividend will have a record date of December 9, 2022 and is payable to shareholders on December 30, 2022.

“On behalf of Farmers’ Board of Directors and Leadership Team, I am proud of the significant growth in our quarterly cash dividend payment,” said Kevin J. Helmick, President and CEO of Farmers. “The 21% year-over-year increase in our quarterly cash dividend follows a 27% increase last year and marks the seventh consecutive year we have increased our annual dividend payment. We remain focused on profitably growing our bank, supporting our customers and communities, and creating value for our 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 46 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, 2022 were $2.9 billion.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221122005819/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 dividend amount for FMNB?

Farmers National Banc Corp. declared a quarterly cash dividend of $0.17 per share.

When is the dividend payable for FMNB?

The dividend is payable on December 30, 2022.

What was the percentage increase in the dividend for FMNB?

The quarterly cash dividend increased by 21% compared to the same period last year.

How long has FMNB been increasing its dividends?

Farmers National Banc Corp. has increased its annual dividend for seven consecutive years.