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Farmers National Banc Corp - FMNB STOCK NEWS

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.

Overview and Heritage

Farmers National Banc Corp, established in 1887 and headquartered in Canfield, Ohio, is a diversified financial services institution offering a broad spectrum of solutions through its integrated business model. The company is structured as a one-bank holding entity engaged in banking, trust, insurance agency and underwriting, securities underwriting, and merchant banking activities. With a rich history spanning more than a century, Farmers National Banc Corp has cultivated deep roots in the local communities it serves in Ohio and Pennsylvania.

Core Business Segments

The company operates primarily through two major segments: the Bank segment and the Trust segment. The Bank segment encompasses commercial and retail banking operations, where the institution leverages its expertise in areas such as securities underwriting, underwriting and merchant banking activities to deliver reliable financial services. This segment is a cornerstone of the company's revenue model and is bolstered by a geographically diverse network of branches that support both individual and business lending, deposits, and related banking services.

The Trust segment addresses a range of services including trust management, retirement consulting, and overall financial management, catering to both individual and institutional client needs. This dual-structure enables the company to offer a comprehensive suite of financial solutions that effectively complements its traditional banking functions.

Subsidiary Structure and Service Diversity

Farmers National Banc Corp further extends its expertise through its wholly-owned subsidiaries. Key among these are:

  • Farmers National Bank: A full-service national bank engaged in both commercial and retail banking, with a significant branch network spanning several counties in Ohio and parts of Pennsylvania. This bank provides a range of services from everyday banking transactions to complex commercial lending.
  • Farmers Trust Company: Operating specialized trust offices, this subsidiary offers trust services, retirement planning, and financial advice, ensuring clients have access to tailored solutions that meet long-term financial goals.
  • Farmers National Insurance, LLC: This subsidiary focuses on providing a variety of insurance products, reinforcing the company’s integrated financial services approach by combining banking, trust, and insurance solutions under one umbrella.

Market Position and Industry Relevance

Farmers National Banc Corp has positioned itself as an important player in the domestic financial services sector. Its operations span key areas of the industry including commercial banking, trust services, and merchant banking – terms that carry significant weight in the financial sector due to the specialized expertise they imply. The company’s ability to offer a range of interconnected services not only enhances customer convenience but also builds a resilient business model by diversifying revenue sources across multiple financial segments.

With a focus on deep community involvement and a commitment to continuous innovation within traditional banking and trust services, the institution addresses the needs of a broad client base. Farmers National Banc Corp adapts to evolving market demands by leveraging decades of industry experience and a strong local brand. This adaptability is crucial in competitive markets where financial institutions must balance stability, trustworthiness, and innovation.

Business Model and Operational Insights

The firm generates revenue through a combination of traditional banking activities and specialized financial services, including standard deposit and lending products, fee-based trust management, and insurance underwriting practices. The integration of these services results in a robust business model that supports sustainable operations while offering clients a holistic approach to managing their finances.

Each operating segment of the company is underpinned by a strategy focused on reliability, community service, and industry expertise – key tenets that have both historical and ongoing relevance. The strategic alignment of its banking and trust operations provides a stable platform for addressing diverse financial needs, which is particularly beneficial for long-standing institutional and individual clients seeking continuity and expertise.

Competitive Landscape and Strategic Differentiation

In a highly competitive field, Farmers National Banc Corp differentiates itself by its longstanding presence in the region and its ability to merge conventional banking practices with specialized trust and insurance services. The company’s strategic network of branches and service centers creates solid local market penetration. Furthermore, its integrated approach allows for seamless cross-selling opportunities across its service divisions, thereby reinforcing customer loyalty and market relevance.

By investing in innovative financial solutions while maintaining a focus on personalized local services, the institution demonstrates a balanced approach to meeting both the immediate and long-term financial needs of its clients. Its commitment to quality service and operational competence is reflected in its comprehensive suite of offerings that successfully bridges the gap between traditional banking and modern financial management practices.

Conclusion

Farmers National Banc Corp’s long-standing history and integrated service offerings make it a noteworthy example of a diversified financial institution operating within the domestic banking, trust, and insurance sectors. Its commitment to traditional values, coupled with a nuanced understanding of modern financial market dynamics, has enabled it to maintain a resilient presence in its regional markets. Investors and informed analysts can appreciate the careful balance the company strikes in merging specialized financial services with a broad-based banking strategy, ensuring a well-rounded approach to managing a broad spectrum of client needs.

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Farmers National Banc Corp. (NASDAQ: FMNB) announces a quarterly cash dividend of $0.17 per share, with a record date of March 8, 2024, payable to shareholders on March 29, 2024.
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Farmers National Banc Corp. announced a net income of $14.6 million for Q4 2023, with earnings per diluted share of $0.39. The company recorded a $915,000 gain from selling nonaccrual commercial loans, and experienced a loan growth of $29.6 million. The total assets were $5.08 billion at December 31, 2023, compared to $4.97 billion at September 30, 2023, and $4.08 billion at December 31, 2022. The company's non-performing assets to total assets was 0.30% at December 31, 2023. Net interest income for the three months ended December 31, 2023, totaled $32.8 million in the fourth quarter of 2023 compared to $33.8 million in the third quarter of 2023 and $29.4 million for the fourth quarter of 2022. Noninterest income during the fourth quarter of 2023 was $12.2 million, compared to $8.2 million during the fourth quarter of 2022. The Company reported noninterest expense of $27.0 million for the three months ended December 31, 2023, compared to $21.1 million for the three months ended December 31, 2022.
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Farmers National Banc Corp. (NASDAQ: FMNB) declares a quarterly cash dividend of $0.17 per share
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Farmers National Banc Corp. announces Q3 2023 earnings of $0.36 per share, with 163 consecutive quarters of profitability. Total assets at $4.97 billion. Non-performing asset to total assets of 0.58%. Return on average assets of 1.06%. ROAE and ROATE of 14.5% and 30.3%, respectively.
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Farmers National Banc Corp. welcomes two new members to its Board of Directors, Mr. Carl D. Culp and Ms. Gina A. Richardson, effective September 1, 2023. Both additions bring a wealth of business experience. Mr. Culp served 32 years at Farmers National Bank and retired as the Senior EVP and CFO. Ms. Richardson is the founder of Gina Richardson LLC and focuses on business and commercial matters. Their contributions are expected to enhance shareholder value.
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Farmers National Banc Corp. declares quarterly cash dividend of $0.17 per share.
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Farmers National Banc Corp (FMNB) reported earnings of $0.19 per diluted share for Q1 2023, down from $0.47 per share in Q1 2022. Net income of $7.1 million reflects a decline from $15.8 million year-over-year. Excluding acquisition-related charges, earnings would have been $0.44 per share. The company successfully integrated Emclaire Financial Corp with total assets increasing to $5.11 billion. Farmers repurchased 850,799 shares, representing 2.2% of outstanding stock. The efficiency ratio was 53.5%, while return on average assets was 1.30%. The increase in customer deposits to $4.31 billion was driven by the Emlenton acquisition and organic growth. However, the company faces heightened competition and rising funding costs amidst a volatile interest rate environment.

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Farmers National Banc Corp. (NASDAQ: FMNB) announced a new share repurchase program allowing the company to repurchase up to 1,000,000 shares of its common stock. This decision reflects the company's financial strength and commitment to enhancing shareholder value. Since the start of 2023, approximately $5.0 million worth of shares have already been repurchased. Additionally, annual dividends per share have increased from $0.38 to $0.68 since 2018, demonstrating a robust capital allocation strategy. The repurchase program replaces the previous one from 2019, which had approximately 198,336 shares remaining as of February 28, 2023.

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FAQ

What is the current stock price of Farmers National Banc (FMNB)?

The current stock price of Farmers National Banc (FMNB) is $13.16 as of April 1, 2025.

What is the market cap of Farmers National Banc (FMNB)?

The market cap of Farmers National Banc (FMNB) is approximately 494.3M.

What are the primary services offered by Farmers National Banc Corp?

Farmers National Banc Corp provides a wide range of financial services including commercial and retail banking, trust management, insurance underwriting, securities underwriting, and merchant banking activities.

How is the company structured?

The company operates through two main segments: the Bank segment and the Trust segment, with additional services provided through wholly-owned subsidiaries such as Farmers National Bank, Farmers Trust Company, and Farmers National Insurance.

In which industries does Farmers National Banc Corp operate?

The firm is active in the domestic banking, trust, retirement consulting, insurance, and financial management industries, addressing the needs of both individual and institutional clients.

What geographical regions does the company serve?

Farmers National Banc Corp primarily serves communities in Ohio and parts of Pennsylvania, with a network of branches and trust offices strategically located to ensure robust regional presence.

How does the company differentiate itself in the competitive financial services market?

The company leverages its long-established history, integrated service model, and commitment to local communities, combining traditional banking with specialized trust and insurance services to offer a comprehensive financial solution.

What does the Trust segment encompass?

The Trust segment includes services such as trust management, retirement consulting, and financial planning, providing a holistic approach to long-term financial management and client financial security.

How does Farmers National Banc Corp integrate insurance services within its business model?

Through its subsidiary, Farmers National Insurance, the company offers a range of insurance products that complement its banking and trust operations, enhancing the overall value proposition to customers.

What role does merchant banking play in the company’s operations?

Merchant banking activities, along with securities underwriting and underwriting services, form part of the company's broader strategy to offer diverse financial solutions and support complex financing needs.
Farmers National Banc Corp

Nasdaq:FMNB

FMNB Rankings

FMNB Stock Data

494.26M
36.08M
4.04%
40.86%
0.58%
Banks - Regional
State Commercial Banks
Link
United States
CANFIELD