Farmers National Banc Corp.
- Open
- 14.62
- Day high
- 14.91
- Day low
- 14.60
- Prev close
- 14.60
- Volume
- 189K
- Mkt cap
- $880M
- P/E (TTM)
- 10.2
- EPS (TTM)
- $1.45
- P/B
- 1.1
- P/S
- 3.1
- Yield
- 4.58%
- Per share
- $0.68
- ▼Insiders net selling -$331K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions accumulating (13F)
Farmers National Banc Corp. (FMNB) is a Financial Services company listed on NASDAQ. The stock is up 3% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4).
Farmers National Banc Corp. (FMNB) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
FMNB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 22, 2026 | $0.37 | $0.45 | +21.6% | $56M | +2.7% |
| Jan 28, 2026 | $0.47 | $0.40 | -14.9% | $47M | -6.8% |
| Oct 22, 2025 | $0.41 | $0.42 | +2.4% | $48M | -6.4% |
| Jul 23, 2025 | $0.37 | $0.37 | +0.0% | $47M | -2.0% |
| Apr 16, 2025 | $0.34 | $0.39 | +14.7% | $45M | -4.0% |
| Jan 29, 2025 | $0.34 | $0.39 | +14.7% | $44M | -2.3% |
| Oct 23, 2024 | $0.35 | $0.23 | -34.3% | $44M | +0.5% |
| Jul 24, 2024 | $0.33 | $0.33 | +0.0% | $42M | -1.4% |
| Apr 24, 2024 | $0.33 | $0.34 | +3.0% | $40M | -5.3% |
| Jan 24, 2024 | $0.35 | $0.41 | +17.1% | $45M | +3.1% |
| Oct 25, 2023 | $0.38 | $0.40 | +5.3% | $44M | -0.6% |
| Jul 26, 2023 | $0.41 | $0.41 | +0.0% | $44M | -5.4% |
FMNB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 23, 2026 | Voinovich Michael Cdirector | Sell | 23,309 | $14.21 |
| May 12, 2026 | Voinovich Michael Cdirector | Grant | 1,606 | — |
| May 12, 2026 | DiGeronimo Kevin Adirector | Grant | 1,606 | — |
| May 12, 2026 | Moore Terry Adirector | Grant | 1,606 | — |
| May 12, 2026 | Thornton Andredirector | Grant | 1,606 | — |
| May 12, 2026 | Paull David Zdirector | Grant | 1,606 | — |
| May 12, 2026 | Monaco Frank Jdirector | Grant | 1,606 | — |
| May 12, 2026 | Varischetti Nicholas Ddirector | Grant | 1,606 | — |
| May 12, 2026 | Muransky Edwarddirector | Grant | 1,606 | — |
| May 12, 2026 | Richardson Gina Adirector | Grant | 1,606 | — |
| May 12, 2026 | BESTIC GREGORY Cdirector | Grant | 1,606 | — |
| May 12, 2026 | CULP CARL Ddirector | Grant | 1,606 | — |
| May 12, 2026 | KABACK NEIL Jdirector | Grant | 1,606 | — |
| Mar 30, 2026 | Varischetti Nicholas Ddirector | Buy | 2,000 | $12.90 |
| Mar 27, 2026 | Varischetti Nicholas Ddirector | Buy | 73,000 | $12.97 |
Source: FMNB SEC Form 4 filings, latest Jun 23, 2026. For informational purposes only — not investment advice.
See the full FMNB insider & 13F page →Farmers National Banc Corp. company profile
Overview
Farmers National Banc Corp. (NASDAQ:FMNB) is a financial holding company founded in 1887 and headquartered in Canfield, Ohio. The company has evolved from a traditional community bank into a diversified financial services organization serving northeastern Ohio and southwestern Pennsylvania through 48 locations. As a regional bank holding company, FMNB operates multiple subsidiaries that provide banking, trust, insurance, and investment services to both individual and business customers in its market area.
Business
Farmers National Banc Corp operates as a comprehensive financial services provider in the regional banking sector. Regional banks serve as intermediaries between depositors and borrowers within specific geographic markets, typically offering more personalized service than large national banks while maintaining broader capabilities than small community banks. The company's core business revolves around commercial and retail banking services, which includes traditional deposit-taking activities such as checking accounts, savings accounts, and certificates of deposit (time deposits). On the lending side, the bank provides commercial loans to businesses, residential mortgages for home purchases, installment loans for personal needs, and home equity loans and lines of credit that allow homeowners to borrow against their property value. Beyond traditional banking, FMNB operates several complementary business segments. The trust and wealth management division provides estate planning, trust administration, and employee benefit plan services, catering to affluent individuals and businesses seeking professional asset management. The company also operates an insurance subsidiary that offers property and casualty insurance products through licensed representatives, providing customers with comprehensive financial protection services. Additionally, FMNB offers investment services including brokerage services and municipal securities investments. The bank also provides modern convenience services such as internet banking, automated teller machines, and credit card services through MasterCard and Visa partnerships. While specific revenue breakdowns by segment are not disclosed, traditional banking operations typically represent the majority of revenue for regional banks, with fee-based services like trust and insurance providing important supplementary income streams.
Revenue model
Farmers National Banc Corp generates revenue through the traditional banking model of net interest income and fee-based services. The primary revenue driver is the interest rate spread between what the bank pays depositors for their funds and what it charges borrowers for loans. This net interest margin forms the foundation of banking profitability, as the bank essentially "rents" money from depositors at lower rates and lends it out at higher rates to qualified borrowers. The company's paying customers include individual consumers who maintain deposit accounts and obtain personal loans or mortgages, as well as commercial clients ranging from small businesses to larger regional enterprises that require business banking services, commercial loans, and cash management solutions. The trust division serves affluent individuals and families requiring estate planning and wealth management services, while the insurance arm generates commissions from policy sales to both personal and commercial clients. Several factors significantly impact the company's profitability margins. Interest rate environments are crucial - rising rates can improve net interest margins if loan rates increase faster than deposit costs, while falling rates can compress margins. Credit quality directly affects profitability through loan loss provisions, with economic downturns potentially requiring higher reserves for bad debts. Competition from larger banks and fintech companies can pressure both deposit rates and loan pricing, while regulatory compliance costs represent a fixed expense burden that affects smaller regional banks disproportionately. The bank's fee income from trust services, insurance commissions, and other non-interest sources provides some revenue diversification, though these segments can be sensitive to market conditions and wealth levels in the local economy. Local economic health in northeastern Ohio and southwestern Pennsylvania directly impacts loan demand, deposit growth, and overall business activity, making the bank's performance closely tied to regional economic conditions.
Risks & safety
Farmers National Banc Corp demonstrates a moderate margin of safety with solid fundamentals but some areas of concern typical for regional banks. • Liquidity and Solvency: The bank maintains adequate cash reserves of $20.4 million as of Q4 2024, though this represents a relatively small portion of total assets ($5.1 billion). The debt-to-equity ratio of 0.96 is reasonable for a bank, indicating manageable leverage levels. Strong operating cash flow of $66.6 million in 2024 provides good cash generation capability. • Valuation Metrics: Trading at a P/E ratio of 9.3 and price-to-book ratio of 1.31, the stock appears reasonably valued relative to earnings and book value. The Graham number of 9.65 suggests potential undervaluation at current price of $13.84. • Profitability Trends: Return on equity of 11.3% in 2024 demonstrates solid profitability, though this declined from 12.3% in 2023. Net income of $45.9 million in 2024 was down from $49.9 million in 2023, indicating some earnings pressure. • Other Considerations: The bank's concentration in Ohio and Pennsylvania creates geographic risk. Interest rate sensitivity remains a concern in changing rate environments. Asset quality and loan loss provisions require monitoring given economic uncertainties. The regional banking sector faces ongoing competitive pressures from larger institutions and fintech disruption.
Recent development
Based on the available financial data, Farmers National Banc Corp has focused on maintaining operational stability while navigating challenging market conditions over the past few years. The company has demonstrated consistent revenue generation, with annual revenues remaining relatively stable around $170 million in both 2023 and 2024, though quarterly results show some volatility. The bank has maintained its diversified business model across traditional banking, trust services, and insurance operations, which has provided some revenue stability during periods of interest rate volatility. The company has continued to operate its extensive branch network of 48 locations, suggesting a commitment to its community banking approach despite industry trends toward digital transformation. Profitability management has been a key focus, with the bank working to optimize its net interest margin amid changing interest rate environments. The decline in net income from $49.9 million in 2023 to $45.9 million in 2024 reflects the challenges regional banks face with margin compression and competitive pressures. The company has maintained disciplined capital management, with consistent free cash flow generation averaging over $50 million annually. This cash generation capability has supported the bank's ability to maintain dividend payments and invest in necessary technology and infrastructure improvements, though specific strategic initiatives are not detailed in the available financial statements. Without access to detailed earnings call transcripts, the specific strategic pivots and new product launches are not clearly evident, but the financial metrics suggest a focus on operational efficiency and maintaining market position in its core geographic markets rather than aggressive expansion or major business model changes.
FMNB company profile · for informational purposes only — not investment advice.
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