Farmers National Banc Corp. (FMNB) 10-Year Financial Performance & Capital Metrics

FMNB • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutFarmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. It offers commercial and retail banking services, including checking, savings, and time deposit accounts; commercial, mortgage and installment, and home equity loans; home equity lines of credit, night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, MasterCard and Visa credit cards, brokerage, and other services. The company also provides personal and corporate trust services in the areas of estate settlement, trust administration, and employee benefit plans; retirement services; property and casualty insurance products and services; and various insurance products through licensed representatives, as well as invests in municipal securities. It operates through 47 locations in northeastern region of Ohio and one location in southwestern Pennsylvania. The company was founded in 1887 and is based in Canfield, Ohio.Show more

Net Interest Income $127M -6.5%
Total Revenue $269M +5.6%
Net Income $46M -8.0%
Return on Equity 11.34% -20.9%
Net Interest Margin 2.48% -7.3%
Efficiency Ratio 39.6% -9.6%
ROA 0.9% -17.3%
Equity / Assets 7.93% -0.4%
Book Value per Share 10.82 +0.4%
Tangible BV/Share 5.81 +1.7%
Debt/Equity 0.96 -12.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 39.6% efficiency ratio
✓Healthy dividend yield of 5.0%
✓Trading at only 1.3x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y16.97%

5Y15.69%

3Y20.33%

TTM-

Profit (Net Income) CAGR

10Y17.75%

5Y5.14%

3Y-3.94%

TTM17.79%

EPS CAGR

10Y9.78%

5Y-0.96%

3Y-11.67%

TTM17.07%

ROCE

10Y Avg11.8%

5Y Avg12.11%

3Y Avg12.16%

Latest10.14%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	49.45M	67.61M	73.11M	77.85M	81.75M	95.65M	107.49M	123.3M	135.8M	126.92M
NII Growth %	0.37%	0.37%	0.08%	0.06%	0.05%	0.17%	0.12%	0.15%	0.1%	-0.07%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	53.83M	72.5M	80.53M	91.77M	101.99M	112.33M	116.46M	142.09M	211.35M	226.28M
Interest Expense	4.09M	4.38M	6.88M	13.27M	19.61M	16.14M	8.47M	17.92M	75.55M	99.36M
Loan Loss Provision	3.51M	3.87M	3.35M	3M	2.45M	9.1M	4.89M	1.12M	9.15M	7.97M
Non-Interest Income+	18.31M	23.24M	24.05M	25.5M	28.04M	36.16M	38.19M	35.83M	43.85M	43.17M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	72.13M	95.74M	104.58M	117.27M	130.03M	148.49M	154.65M	177.91M	255.2M	269.45M
Revenue Growth %	0.28%	0.33%	0.09%	0.12%	0.11%	0.14%	0.04%	0.15%	0.43%	0.06%
Non-Interest Expense	53.98M	59.45M	61.19M	62.72M	64.89M	72.98M	79.18M	86.04M	111.8M	106.69M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	10.55M	28.04M	33.16M	38.28M	43.08M	50.27M	62.11M	72.83M	58.7M	55.43M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.09%	1.66%	0.18%	0.15%	0.13%	0.17%	0.24%	0.17%	-0.19%	-0.06%
Pretax Income+	10.55M	28.04M	33.16M	38.28M	43.08M	50.27M	62.11M	72.83M	58.7M	55.43M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.5M	7.49M	10.45M	5.71M	7.32M	8.4M	10.27M	12.24M	8.77M	9.48M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	8.05M	20.56M	22.71M	32.57M	35.76M	41.88M	51.84M	60.6M	49.93M	45.95M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.1%	1.55%	0.1%	0.43%	0.1%	0.17%	0.24%	0.17%	-0.18%	-0.08%
Net Income (Continuing)	8.05M	20.56M	22.71M	32.57M	35.76M	41.88M	51.84M	60.6M	49.93M	45.95M
EPS (Diluted)+	0.36	0.76	0.82	1.16	1.28	1.47	1.77	1.79	1.33	1.22
EPS Growth %	-0.25%	1.11%	0.08%	0.41%	0.1%	0.15%	0.2%	0.01%	-0.26%	-0.08%
EPS (Basic)	0.36	0.76	0.82	1.18	1.29	1.48	1.78	1.79	1.34	1.23
Diluted Shares Outstanding	22.68M	27M	27.62M	27.97M	27.88M	28.39M	29.28M	33.93M	37.5M	37.51M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	22.5M	19.68M	17.79M	18.04M	23.23M	20.5M	29.15M	21.39M	28.9M	20.43M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.68B	1.79B	1.96B	2.13B	2.24B	2.66B	3.76B	3.69B	4.52B	4.57B
Investments Growth %	0.61%	0.06%	0.1%	0.09%	0.05%	0.19%	0.42%	-0.02%	0.22%	0.01%
Long-Term Investments	1.29B	1.42B	1.57B	1.73B	1.81B	2.08B	2.34B	2.43B	3.22B	3.94B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	35.09M	37.16M	38.2M	38.2M	38.2M	45.77M	94.24M	94.64M	167.45M	167.45M
Intangible Assets	7.82M	7.99M	7.17M	5.75M	4.44M	3.84M	8.37M	7.03M	22.84M	20.75M
PP&E (Net)	24.19M	23.23M	22.29M	21.21M	23.82M	25.62M	37.52M	30.76M	44.36M	52.27M
Other Assets	96.33M	90.92M	109.78M	112.85M	119.67M	317.61M	209.1M	234.72M	294.5M	286.58M
Total Current Assets	416.81M	389.67M	410.72M	420.23M	455.46M	596.1M	1.46B	1.29B	1.33B	651.92M
Total Non-Current Assets	1.45B	1.58B	1.75B	1.91B	1.99B	2.48B	2.69B	2.79B	3.75B	4.47B
Total Assets+	1.87B	1.97B	2.16B	2.33B	2.45B	3.07B	4.14B	4.08B	5.08B	5.12B
Asset Growth %	0.64%	0.05%	0.1%	0.08%	0.05%	0.25%	0.35%	-0.01%	0.24%	0.01%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	247.99M	213.5M	296.56M	250.79M	122.2M	78.91M	87.76M	183.21M	443.66M	391.15M
Net Debt	225.49M	193.82M	278.77M	232.75M	98.97M	58.4M	58.61M	161.82M	414.77M	370.72M
Long-Term Debt	22.15M	15.04M	6.99M	6.03M	45.15M	76.39M	87.76M	88.21M	88.66M	86.15M
Short-Term Debt	225.83M	198.46M	289.56M	244.76M	77.05M	2.52M	0	95M	355M	305M
Other Liabilities	14.82M	14.64M	15.72M	16.03M	18.69M	31.27M	35.32M	44.93M	52.89M	54.97M
Total Current Liabilities	1.63B	1.72B	1.89B	2.04B	2.09B	2.61B	3.55B	3.66B	4.53B	4.57B
Total Non-Current Liabilities	36.98M	29.68M	22.71M	22.07M	63.84M	107.65M	123.08M	133.14M	141.55M	141.12M
Total Liabilities	1.67B	1.75B	1.92B	2.07B	2.15B	2.72B	3.67B	3.79B	4.67B	4.71B
Total Equity+	198.05M	213.22M	242.07M	262.32M	299.31M	350.1M	472.43M	292.3M	404.42M	406.03M
Equity Growth %	0.6%	0.08%	0.14%	0.08%	0.14%	0.17%	0.35%	-0.38%	0.38%	0%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.05%	0.1%	0.1%	0.13%	0.13%	0.13%	0.13%	0.16%	0.14%	0.11%
Book Value per Share	8.73	7.90	8.76	9.38	10.74	12.33	16.13	8.61	10.78	10.82
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	176.29M	178.32M	186.9M	186.16M	186.34M	208.76M	306.12M	305.34M	365.31M	366.06M
Additional Paid-in Capital	176.29M	178.32M	186.9M	186.16M	0	0	0	0	0	0
Retained Earnings	26.32M	42.55M	59.21M	83.63M	108.85M	138.07M	173.9M	212.38M	236.76M	257.17M
Accumulated OCI	-176.15M	-181.11M	-186.31M	-190.19M	9.83M	22.03M	9.29M	-210.49M	-172.55M	-193.26M
Treasury Stock	-4.69M	-4.86M	-4.63M	-3.44M	-5.71M	-18.77M	-16.88M	-14.93M	-25.09M	-23.94M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.32M	24.5M	30.57M	38.76M	38.76M	49.07M	54.93M	81.5M	62.93M	66.61M
Operating CF Growth %	-0.48%	2.87%	0.25%	0.27%	-0%	0.27%	0.12%	0.48%	-0.23%	0.06%
Net Income	8.05M	20.56M	22.71M	32.57M	35.76M	41.88M	51.84M	60.6M	49.93M	45.95M
Depreciation & Amortization	2.75M	3.67M	3.14M	2.99M	2.84M	3.12M	3.54M	4.9M	7.33M	6.4M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	4.43M	6.65M	4.49M	3.67M	3.24M	9.06M	6.44M	6.31M	6.29M	7.26M
Working Capital Changes	-9.4M	-7.27M	-2.14M	-2.14M	-4.46M	-6.43M	-8.08M	7.88M	-3.24M	4.37M
Cash from Investing+	-23.11M	-115.4M	-137.11M	-179.32M	-93.15M	-159.89M	-423.61M	-205.51M	77.94M	-95.13M
Purchase of Investments	-72.68M	-52.63M	-114.6M	-70.88M	-84.99M	-177.05M	-851.13M	-242.38M	-2.59M	-107.99M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	29.75M	-1.07M	16.2M	0	0	-2.2M	83.77M	-1.03M	-13.18M	-600K
Other Investing	-144.38M	-132.3M	-135.36M	-161.24M	-77.01M	-98.46M	234.04M	-77.8M	-48.39M	-86.18M
Cash from Financing+	45.38M	76.67M	122.38M	140.87M	67.22M	294.68M	226.85M	86.77M	-112.76M	10.59M
Dividends Paid	-2.68M	-4.33M	-6.01M	-8.32M	-10.54M	-12.65M	-14.07M	-22M	-25.4M	-25.39M
Share Repurchases	-213K	-168K	0	-1.23M	-2.84M	-14.24M	-164K	0	-11.54M	-880K
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	-1000K	-1000K	2K	1000K	1000K	-1000K
Other Financing	-44.66M	115.71M	45.38M	195M	209.24M	418.66M	241.08M	13.77M	-260.82M	89.39M
Net Change in Cash+	28.59M	-14.24M	15.84M	312K	12.83M	183.86M	-141.83M	-37.24M	28.11M	-17.92M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	27.43M	56.01M	41.78M	57.61M	57.93M	70.76M	254.62M	112.79M	75.55M	103.66M
Cash at End	56.01M	41.78M	57.61M	57.93M	70.76M	254.62M	112.79M	75.55M	103.66M	85.74M
Interest Paid	4.05M	4.32M	6.75M	12.91M	19.53M	16.52M	8.48M	16.46M	78.52M	101.25M
Income Taxes Paid	2.62M	9.41M	8.8M	7.3M	6.45M	9M	12.5M	10.1M	6.7M	0
Free Cash Flow+	5.02M	23.51M	29.61M	38.31M	37.3M	45.37M	53.56M	78.94M	59.05M	54.92M
FCF Growth %	-0.55%	3.68%	0.26%	0.29%	-0.03%	0.22%	0.18%	0.47%	-0.25%	-0.07%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.01%	10%	9.98%	12.91%	12.73%	12.9%	12.61%	15.85%	14.33%	11.34%
Return on Assets (ROA)	0.54%	1.07%	1.1%	1.45%	1.5%	1.52%	1.44%	1.47%	1.09%	0.9%
Net Interest Margin	2.64%	3.44%	3.39%	3.34%	3.34%	3.11%	2.59%	3.02%	2.67%	2.48%
Efficiency Ratio	74.83%	62.1%	58.51%	53.48%	49.91%	49.15%	51.2%	48.36%	43.81%	39.6%
Equity / Assets	10.59%	10.84%	11.21%	11.26%	12.22%	11.4%	11.4%	7.16%	7.96%	7.93%
Book Value / Share	8.73	7.9	8.76	9.38	10.74	12.33	16.13	8.61	10.78	10.82
NII Growth	36.81%	36.71%	8.14%	6.48%	5.01%	17%	12.38%	14.7%	10.14%	-6.54%
Dividend Payout	33.31%	21.04%	26.47%	25.53%	29.47%	30.22%	27.14%	36.31%	50.86%	55.25%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Fiduciary and Trust	-	-	-	-	9.64M	10.11M	10.1M
Fiduciary and Trust Growth	-	-	-	-	-	4.88%	-0.09%
Debit Card And Electronic Funds Transfer Fees	3.35M	3.52M	3.93M	5.14M	5.81M	7.06M	7.48M
Debit Card And Electronic Funds Transfer Fees Growth	-	5.10%	11.50%	30.99%	13.02%	21.41%	6.02%
Deposit Account	4.25M	4.51M	3.68M	3.66M	4.72M	6.32M	7.31M
Deposit Account Growth	-	6.11%	-18.43%	-0.60%	28.85%	34.05%	15.64%
Financial Service, Other	-	-	-	-	-	9.54M	6.71M
Financial Service, Other Growth	-	-	-	-	-	-	-29.74%
Insurance Agency Commissions	2.62M	2.92M	3.12M	3.46M	4.4M	5.44M	5.47M
Insurance Agency Commissions Growth	-	11.37%	7.02%	10.63%	27.37%	23.67%	0.51%
Retirement Plan Consulting Fees	1.68M	1.49M	1.52M	1.42M	1.39M	1.41M	2.64M
Retirement Plan Consulting Fees Growth	-	-11.58%	2.28%	-6.70%	-2.25%	1.22%	87.55%
Investment Commissions	1.1M	1.41M	1.53M	2.28M	2.18M	1.98M	2.01M
Investment Commissions Growth	-	27.47%	8.82%	48.76%	-4.09%	-9.39%	1.47%
Fiduciary And Trust	7.13M	7.47M	7.63M	9.44M	-	-	-
Fiduciary And Trust Growth	-	4.90%	2.10%	23.66%	-	-	-

Frequently Asked Questions

Valuation & Price

Farmers National Banc Corp. (FMNB) has a price-to-earnings (P/E) ratio of 11.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Farmers National Banc Corp. (FMNB) grew revenue by 5.6% over the past year. This is steady growth.

Yes, Farmers National Banc Corp. (FMNB) is profitable, generating $54.3M in net income for fiscal year 2024 (17.1% net margin).

Dividend & Returns

Yes, Farmers National Banc Corp. (FMNB) pays a dividend with a yield of 5.00%. This makes it attractive for income-focused investors.

Farmers National Banc Corp. (FMNB) has a return on equity (ROE) of 11.3%. This is reasonable for most industries.

Industry Metrics

Farmers National Banc Corp. (FMNB) has a net interest margin (NIM) of 2.5%. NIM has been under pressure due to interest rate environment.

Farmers National Banc Corp. (FMNB) has an efficiency ratio of 39.6%. This is excellent, indicating strong cost control.

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