FARMERS NATIONAL BANC CORP /OH/ FMNB

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

Farmers National Banc Corp.

Farmers National Banc Corp. (the "Company," "Farmers," "we," "our" or "us"), is a financial holding company that was organized as a one-bank holding company in 1983 under the laws of the State of Ohio and registered under the Bank Holding Company Act of 1956, as amended (the "BHCA"). Amendments to the BHCA in 1999 allowed for a bank holding company to declare itself a financial holding company and thereby engage in financial activities, including securities underwriting and dealing, insurance agency and underwriting activities, and merchant banking activities. The Company made the declaration to become a financial holding company in 2016. For a bank holding company to be eligible to declare itself a financial holding company, all of the depository institution subsidiaries must be well-capitalized and well-managed and have satisfactory or better ratings under the Community Reinvestment Act of 1977 (the "CRA"). The Company operates principally through its wholly-owned subsidiaries, The Farmers National Bank of Canfield (the "Bank" or "Farmers Bank") and Farmers Trust Company ("Farmers Trust"). A third subsidiary, Farmers National Captive, Inc. ("Captive"), was dissolved in November of 2023. Farmers National Insurance, LLC ("Farmers Insurance") and Farmers of Canfield Investment Co. ("Investments" or "Farmers Investments") are wholly-owned subsidiaries of the Bank. The Company and its subsidiaries operate in the domestic banking, trust, retirement consulting, insurance and financial management industries.

Last close 15.69 2026-10-23
Market cap $929.6M 2026-06-30 share count
52-week range 12.12 - 16.46

Valuation FY2025 figures against the last close

P/S3.3x
P/E10.8x
P/FCF17.8x
EV/EBITDA—
Dividend yield2.7%
Diluted EPS1.45

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $279.9M$269.4M$255.2M$186.3M$116.5M$112.3M$102.0M$91.8M$80.5M$72.5M
Total operating expenses $214.9M$214.0M$196.5M$113.5M——————
Interest expense $142.4M$128.4M$137.8M$124.2M$8.5M$16.1M$19.6M$13.3M$6.9M$4.4M
Pre-tax income $65.0M$55.4M$58.7M$72.8M$62.1M$50.3M$43.1M$38.3M$33.2M$28.0M
Income tax $10.5M$9.5M$8.8M$12.2M$10.3M$8.4M$7.3M$5.7M$10.4M$7.5M
Net income $54.6M$45.9M$49.9M$60.6M$51.8M$41.9M$35.8M$32.6M$22.7M$20.6M
EPS, basic 1.461.231.341.791.781.481.291.180.820.76
EPS, diluted 1.451.221.331.791.771.471.281.160.820.76
Shares, diluted (wtd. avg.) 37.6M37.5M37.5M33.9M29.3M28.4M27.9M28.0M27.6M27.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $20.5M$20.4M$28.9M$21.4M$29.1M$20.5M$23.2M$18.0M$17.8M$19.7M
Property, plant and equipment $56.9M$52.3M$44.4M$30.8M$37.5M$25.6M$23.8M$21.2M$22.3M$23.2M
Goodwill $167.4M$167.4M$167.4M$94.6M$94.2M$45.8M$38.2M$38.2M$38.2M$37.2M
Other intangibles $17.9M$20.8M$22.8M$7.0M$8.4M$3.8M$4.4M$5.8M$7.2M$8.0M
Total assets $5.25B$5.12B$5.08B$4.08B$4.14B$3.07B$2.45B$2.33B$2.16B$1.97B
Short-term debt $281.0M$305.0M$355.0M$95.0M$0$2.5M$77.0M$244.8M$289.6M$198.5M
Long-term debt $86.7M$86.2M$88.7M$88.2M$87.8M$76.4M$45.1M$6.0M$7.0M$15.0M
Total liabilities $4.76B$4.71B$4.67B$3.79B$3.67B$2.72B$2.15B$2.07B$1.92B$1.75B
Retained earnings $286.2M$257.2M$236.8M$212.4M$173.9M$138.1M$108.9M$83.6M$59.2M$42.5M
Total equity $485.7M$406.0M$404.4M$292.3M$472.4M$350.1M$299.3M$262.3M$242.1M$213.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $60.0M$66.6M$62.9M$81.5M$54.9M$49.1M$38.8M$38.8M$30.6M$24.5M
Depreciation and amortisation $6.8M$6.4M$7.3M$4.9M$3.5M$3.1M$2.8M$3.0M$3.1M$3.7M
Stock-based compensation $2.5M$2.6M$2.6M$1.8M$1.2M$1.4M$1.4M$1.7M$2.4M$892.0K
Capital expenditure $7.9M$11.7M$3.9M$2.6M$1.4M$3.7M$1.5M$450.0K$956.0K$788.0K
Investing cash flow -$78.8M-$95.1M$77.9M-$205.5M-$423.6M-$159.9M-$93.1M-$179.3M-$137.1M-$115.4M
Financing cash flow $25.4M$10.6M-$112.8M$86.8M$226.8M$294.7M$67.2M$140.9M$122.4M$76.7M
Dividends paid $25.5M$25.4M$25.4M$22.0M$14.1M$12.7M$10.5M$8.3M$6.0M$4.3M
Buybacks $0$0$11.5M$0$164.0K$14.2M$2.8M$0$0$168.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-008599.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 100M 200M 300M Revenue, FY2016: 72.5M Net income, FY2016: 20.6M Revenue, FY2017: 80.5M Net income, FY2017: 22.7M Revenue, FY2018: 91.8M Net income, FY2018: 32.6M Revenue, FY2019: 102M Net income, FY2019: 35.8M Revenue, FY2020: 112.3M Net income, FY2020: 41.9M Revenue, FY2021: 116.5M Net income, FY2021: 51.8M Revenue, FY2022: 186.3M Net income, FY2022: 60.6M Revenue, FY2023: 255.2M Net income, FY2023: 49.9M Revenue, FY2024: 269.4M Net income, FY2024: 45.9M Revenue, FY2025: 279.9M Net income, FY2025: 54.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $72.5M $80.5M $91.8M $102.0M $112.3M $116.5M $186.3M $255.2M $269.4M $279.9M
Gross profit — — — — — — — — — —
Net income $20.6M $22.7M $32.6M $35.8M $41.9M $51.8M $60.6M $49.9M $45.9M $54.6M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Officer or director change Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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