Farmers National Banc (FMNB) Financials

$13.44 +0.25 (+1.90%)

Closing price 05/2/2025 04:00 PM Eastern

Extended Trading

$13.39 -0.05 (-0.37%)

As of 05/2/2025 06:03 PM Eastern

Annual Income Statements for Farmers National Banc

This table shows Farmers National Banc's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	61	50	46
Consolidated Net Income / (Loss)	61	50	46
Net Income / (Loss) Continuing Operations	61	50	46
Total Pre-Tax Income	73	59	55
Total Revenue	168	180	170
Net Interest Income / (Expense)	124	138	128
Total Interest Income	142	213	228
Loans and Leases Interest Income	108	172	186
Investment Securities Interest Income	34	39	38
Federal Funds Sold and Securities Borrowed Interest Income	0.68	2.48	3.73
Total Interest Expense	18	76	99
Deposits Interest Expense	13	63	81
Short-Term Borrowings Interest Expense	1.41	8.36	14
Long-Term Debt Interest Expense	3.43	4.09	4.09
Total Non-Interest Income	44	42	42
Other Service Charges	4.27	5.18	5.18
Net Realized & Unrealized Capital Gains on Investments	1.61	1.92	1.50
Other Non-Interest Income	38	35	35
Provision for Credit Losses	1.12	9.15	7.97
Total Non-Interest Expense	94	112	107
Salaries and Employee Benefits	45	57	59
Net Occupancy & Equipment Expense	11	15	16
Marketing Expense	1.95	1.79	1.50
Property & Liability Insurance Claims	3.95	5.85	5.03
Other Operating Expenses	26	22	23
Amortization Expense	1.97	3.43	2.86
Restructuring Charge	4.07	5.48	0.09
Income Tax Expense	12	8.77	9.48
Basic Earnings per Share	$1.79	$1.34	$1.23
Weighted Average Basic Shares Outstanding	37.94M	37.55M	37.61M
Diluted Earnings per Share	$1.79	$1.33	$1.22
Weighted Average Diluted Shares Outstanding	37.94M	37.55M	37.61M
Weighted Average Basic & Diluted Shares Outstanding	37.94M	37.55M	37.61M

This table shows Farmers National Banc's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	15	13	7.08	15	13	15	11	12	8.54	14
Consolidated Net Income / (Loss)	15	13	7.08	15	13	15	11	12	8.54	14
Net Income / (Loss) Continuing Operations	15	13	7.08	15	13	15	11	12	8.54	14
Total Pre-Tax Income	19	16	7.71	18	16	18	13	14	10	18
Total Revenue	41	38	47	44	44	45	40	42	44	44
Net Interest Income / (Expense)	32	29	37	35	34	33	32	32	32	33
Total Interest Income	36	38	51	53	54	55	55	57	58	58
Loans and Leases Interest Income	27	29	41	42	44	45	45	47	47	47
Investment Securities Interest Income	8.71	8.76	9.77	9.92	9.64	9.72	9.41	9.59	9.56	9.73
Federal Funds Sold and Securities Borrowed Interest Income	0.21	0.34	0.61	0.55	0.75	0.57	0.63	0.74	1.37	0.99
Total Interest Expense	4.63	8.68	15	18	20	22	23	25	26	25
Deposits Interest Expense	3.21	6.98	13	14	17	18	18	20	22	21
Short-Term Borrowings Interest Expense	0.53	0.78	0.92	2.73	1.96	2.75	3.94	3.58	3.48	3.11
Long-Term Debt Interest Expense	0.89	0.92	1.00	1.01	1.04	1.04	1.04	1.04	1.02	0.99
Total Non-Interest Income	8.83	8.20	10	9.45	9.83	12	8.36	9.61	12	11
Other Service Charges	1.16	-6.21	1.48	0.70	1.28	1.72	1.24	8.66	2.45	-7.17
Net Realized & Unrealized Capital Gains on Investments	0.31	-0.12	0.43	0.42	0.40	0.68	-1.82	0.29	0.51	2.53
Other Non-Interest Income	7.36	15	8.51	8.33	8.16	9.76	8.94	0.65	9.38	16
Provision for Credit Losses	0.45	0.42	8.60	0.03	0.24	0.29	-0.45	1.11	7.01	0.30
Total Non-Interest Expense	21	21	31	26	28	27	27	26	27	26
Salaries and Employee Benefits	11	11	15	14	14	15	15	15	15	14
Net Occupancy & Equipment Expense	3.03	2.75	3.87	3.86	3.81	3.90	3.73	3.82	3.97	4.08
Marketing Expense	0.60	0.47	0.41	0.48	0.49	0.41	0.43	0.45	0.44	0.19
Property & Liability Insurance Claims	1.02	1.01	1.22	1.49	1.65	1.48	1.35	1.19	1.48	1.02
Other Operating Expenses	4.73	4.19	5.36	5.27	6.54	5.28	5.78	5.77	5.69	5.46
Amortization Expense	0.43	0.70	0.91	1.22	0.73	0.58	0.69	0.63	0.63	0.91
Restructuring Charge	0.87	0.58	4.31	0.44	0.27	0.45	0.00	0.00	0.00	0.09
Income Tax Expense	3.32	2.77	0.64	2.65	2.33	3.15	2.21	2.37	1.60	3.29
Basic Earnings per Share	$0.46	$0.39	$0.19	$0.40	$0.36	$0.39	$0.30	$0.32	$0.23	$0.38
Weighted Average Basic Shares Outstanding	34.06M	37.94M	37.46M	37.49M	37.49M	37.55M	37.55M	37.58M	37.59M	37.61M
Diluted Earnings per Share	$0.46	$0.39	$0.19	$0.40	$0.36	$0.38	$0.30	$0.31	$0.23	$0.38
Weighted Average Diluted Shares Outstanding	34.06M	37.94M	37.46M	37.49M	37.49M	37.55M	37.55M	37.58M	37.59M	37.61M
Weighted Average Basic & Diluted Shares Outstanding	34.06M	37.94M	37.46M	37.49M	37.49M	37.55M	37.55M	37.58M	37.59M	37.61M

This table details how cash moves in and out of Farmers National Banc's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-37	28	-18
Net Cash From Operating Activities	82	63	67
Net Cash From Continuing Operating Activities	82	63	67
Net Income / (Loss) Continuing Operations	61	50	46
Consolidated Net Income / (Loss)	61	50	46
Provision For Loan Losses	1.12	9.15	7.97
Depreciation Expense	4.90	7.33	6.40
Amortization Expense	4.82	0.93	0.55
Non-Cash Adjustments to Reconcile Net Income	2.19	-1.17	1.38
Changes in Operating Assets and Liabilities, net	7.88	-3.24	4.37
Net Cash From Investing Activities	-206	78	-95
Net Cash From Continuing Investing Activities	-206	78	-95
Purchase of Property, Leasehold Improvements and Equipment	-2.56	-3.88	-12
Purchase of Investment Securities	-326	-108	-208
Sale of Property, Leasehold Improvements and Equipment	0.00	6.79	1.59
Sale and/or Maturity of Investments	124	183	123
Net Cash From Financing Activities	87	-113	11
Net Cash From Continuing Financing Activities	87	-113	11
Net Change in Deposits	15	-260	89
Issuance of Debt	95	185	-50
Repayment of Debt	0.00	0.00	-2.54
Repurchase of Common Equity	0.00	-12	0.00
Payment of Dividends	-22	-25	-25
Other Financing Activities, Net	-0.76	-0.62	-0.88
Cash Interest Paid	16	79	101
Cash Income Taxes Paid	0.00	0.00	0.00

This table details how cash moves in and out of Farmers National Banc's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	15	-4.43	52	-12	-22	9.74	45	32	8.15	-103
Net Cash From Operating Activities	19	22	14	17	18	14	13	16	24	13
Net Cash From Continuing Operating Activities	19	22	14	17	18	14	13	16	24	13
Net Income / (Loss) Continuing Operations	15	13	7.08	15	13	15	11	12	8.54	14
Consolidated Net Income / (Loss)	15	13	7.08	15	13	15	11	12	8.54	14
Provision For Loan Losses	0.45	0.42	8.60	0.03	0.24	0.29	-0.45	1.11	7.01	0.30
Depreciation Expense	1.13	1.42	1.90	2.20	1.68	1.55	1.61	1.49	1.50	1.80
Amortization Expense	1.14	0.97	0.27	0.18	0.24	0.24	0.24	0.09	0.12	0.10
Non-Cash Adjustments to Reconcile Net Income	0.65	-0.28	0.71	0.89	-1.82	-0.94	2.34	-0.63	0.06	-0.39
Changes in Operating Assets and Liabilities, net	0.13	6.44	-4.68	-1.70	4.37	-1.23	-1.82	2.63	6.51	-2.95
Net Cash From Investing Activities	-46	45	64	7.24	25	-19	27	-46	-42	-34
Net Cash From Continuing Investing Activities	-46	45	64	7.24	25	-19	27	-46	-42	-34
Purchase of Property, Leasehold Improvements and Equipment	0.06	-0.75	-0.17	-0.61	-1.20	-1.90	-1.55	-2.23	-3.47	-4.45
Purchase of Investment Securities	-67	-6.76	-31	-11	-17	-49	-32	-62	-64	-50
Sale and/or Maturity of Investments	22	53	96	19	43	26	60	19	24	20
Net Cash From Financing Activities	41	-72	-25	-36	-65	14	4.40	62	26	-82
Net Cash From Continuing Financing Activities	41	-72	-25	-36	-65	14	4.40	62	26	-82
Net Change in Deposits	-58	-5.38	-41	-125	241	-334	21	7.71	156	-95
Issuance of Debt	105	-60	34	96	-300	355	-10	61	-121	20
Payment of Dividends	-5.42	-5.76	-6.40	-6.33	-6.33	-6.33	-6.34	-6.35	-6.35	-6.35
Cash Interest Paid	4.00	7.66	16	18	23	21	27	28	30	16

This table presents Farmers National Banc's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	4,082	5,078	5,119
Cash and Due from Banks	76	104	86
Trading Account Securities	1,269	1,303	1,272
Loans and Leases, Net of Allowance	2,378	-34	-36
Allowance for Loan and Lease Losses	27	34	36
Premises and Equipment, Net	31	44	52
Goodwill	95	167	167
Intangible Assets	7.03	23	21
Other Assets	228	3,471	3,512
Total Liabilities & Shareholders' Equity	4,082	5,078	5,119
Total Liabilities	3,790	4,674	4,713
Non-Interest Bearing Deposits	897	1,027	966
Interest Bearing Deposits	2,665	3,151	3,301
Short-Term Debt	95	355	305
Long-Term Debt	88	89	86
Other Long-Term Liabilities	45	53	55
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	292	404	406
Total Preferred & Common Equity	292	404	406
Total Common Equity	292	404	406
Common Stock	305	365	366
Retained Earnings	212	237	257
Treasury Stock	-15	-25	-24
Accumulated Other Comprehensive Income / (Loss)	-210	-173	-193

This table presents Farmers National Banc's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	4,120	5,110	5,073	4,971	5,080	5,157	5,237
Cash and Due from Banks	80	128	116	94	149	181	189
Trading Account Securities	1,297	1,357	1,319	1,213	1,272	1,249	1,296
Loans and Leases, Net of Allowance	2,373	3,116	3,120	3,134	3,148	-34	-36
Allowance for Loan and Lease Losses	27	36	35	35	33	34	36
Premises and Equipment, Net	39	54	54	45	45	45	48
Goodwill	95	168	168	168	167	167	167
Intangible Assets	7.73	25	24	23	22	22	21
Other Assets	194	261	227	295	242	3,526	3,551
Total Liabilities & Shareholders' Equity	4,120	5,110	5,073	4,971	5,080	5,157	5,237
Total Liabilities	3,854	4,735	4,706	4,655	4,683	4,760	4,797
Non-Interest Bearing Deposits	935	1,107	1,084	1,040	977	969	970
Interest Bearing Deposits	2,633	3,289	3,187	3,472	3,221	3,237	3,392
Short-Term Debt	155	204	300	0.00	345	406	285
Long-Term Debt	88	88	88	89	89	89	86
Other Long-Term Liabilities	44	47	47	55	51	59	64
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	266	375	367	316	397	397	440
Total Preferred & Common Equity	266	375	367	316	397	397	440
Total Common Equity	266	375	367	316	397	397	440
Common Stock	305	364	365	365	365	365	366
Retained Earnings	205	213	222	229	242	247	249
Treasury Stock	-15	-26	-26	-25	-24	-24	-24
Accumulated Other Comprehensive Income / (Loss)	-229	-177	-194	-252	-185	-191	-151

This table displays calculated financial ratios and metrics derived from Farmers National Banc's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	15.18%	6.70%	-5.32%
EBITDA Growth	19.28%	-18.90%	-6.82%
EBIT Growth	17.26%	-19.41%	-5.57%
NOPAT Growth	16.88%	-17.60%	-7.98%
Net Income Growth	16.88%	-17.60%	-7.98%
EPS Growth	1.13%	-25.70%	-8.27%
Operating Cash Flow Growth	48.36%	-22.79%	5.86%
Free Cash Flow Firm Growth	283.11%	-322.08%	130.02%
Invested Capital Growth	-15.12%	78.35%	-6.00%
Revenue Q/Q Growth	-0.94%	4.27%	-0.49%
EBITDA Q/Q Growth	13.70%	1.51%	0.11%
EBIT Q/Q Growth	15.84%	2.81%	-0.08%
NOPAT Q/Q Growth	14.46%	2.51%	-0.40%
Net Income Q/Q Growth	14.46%	2.51%	-0.40%
EPS Q/Q Growth	15.48%	-0.75%	0.00%
Operating Cash Flow Q/Q Growth	9.91%	-10.12%	-0.91%
Free Cash Flow Firm Q/Q Growth	607.96%	-311.02%	126.90%
Invested Capital Q/Q Growth	-6.53%	109.64%	-1.67%
Profitability Metrics	-	-	-
EBITDA Margin	49.03%	37.27%	36.68%
EBIT Margin	43.26%	32.67%	32.59%
Profit (Net Income) Margin	35.99%	27.79%	27.02%
Tax Burden Percent	83.20%	85.07%	82.90%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	16.80%	14.93%	17.10%
Return on Invested Capital (ROIC)	11.70%	7.55%	5.59%
ROIC Less NNEP Spread (ROIC-NNEP)	11.70%	7.55%	5.59%
Return on Net Nonoperating Assets (RNNOA)	4.15%	6.79%	5.75%
Return on Equity (ROE)	15.85%	14.33%	11.34%
Cash Return on Invested Capital (CROIC)	28.05%	-48.75%	11.77%
Operating Return on Assets (OROA)	1.77%	1.28%	1.09%
Return on Assets (ROA)	1.47%	1.09%	0.90%
Return on Common Equity (ROCE)	15.85%	14.33%	11.34%
Return on Equity Simple (ROE_SIMPLE)	20.73%	12.35%	11.32%
Net Operating Profit after Tax (NOPAT)	61	50	46
NOPAT Margin	35.99%	27.79%	27.02%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	34.65%	41.53%	44.69%
Operating Expenses to Revenue	56.07%	62.23%	62.73%
Earnings before Interest and Taxes (EBIT)	73	59	55
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	83	67	62
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.49	1.28	1.32
Price to Tangible Book Value (P/TBV)	2.28	2.41	2.45
Price to Revenue (P/Rev)	2.58	2.87	3.14
Price to Earnings (P/E)	7.17	10.33	11.63
Dividend Yield	5.10%	4.94%	4.78%
Earnings Yield	13.95%	9.68%	8.60%
Enterprise Value to Invested Capital (EV/IC)	1.14	1.01	1.05
Enterprise Value to Revenue (EV/Rev)	3.22	4.76	4.94
Enterprise Value to EBITDA (EV/EBITDA)	6.57	12.78	13.46
Enterprise Value to EBIT (EV/EBIT)	7.44	14.58	15.15
Enterprise Value to NOPAT (EV/NOPAT)	8.95	17.14	18.28
Enterprise Value to Operating Cash Flow (EV/OCF)	6.65	13.60	12.61
Enterprise Value to Free Cash Flow (EV/FCFF)	3.73	0.00	8.67
Leverage & Solvency	-	-	-
Debt to Equity	0.63	1.10	0.96
Long-Term Debt to Equity	0.30	0.22	0.21
Financial Leverage	0.35	0.90	1.03
Leverage Ratio	10.76	13.15	12.58
Compound Leverage Factor	10.76	13.15	12.58
Debt to Total Capital	38.53%	52.31%	49.07%
Short-Term Debt to Total Capital	19.98%	41.86%	38.26%
Long-Term Debt to Total Capital	18.55%	10.45%	10.81%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	61.47%	47.69%	50.93%
Debt to EBITDA	2.22	6.63	6.27
Net Debt to EBITDA	1.30	5.08	4.90
Long-Term Debt to EBITDA	1.07	1.32	1.38
Debt to NOPAT	3.02	8.89	8.51
Net Debt to NOPAT	1.78	6.81	6.65
Long-Term Debt to NOPAT	1.46	1.78	1.87
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	145	-323	97
Operating Cash Flow to CapEx	3,184.88%	0.00%	659.69%
Free Cash Flow to Firm to Interest Expense	8.11	-4.27	0.97
Operating Cash Flow to Interest Expense	4.55	0.83	0.67
Operating Cash Flow Less CapEx to Interest Expense	4.41	0.87	0.57
Efficiency Ratios	-	-	-
Asset Turnover	0.04	0.04	0.03
Fixed Asset Turnover	4.93	4.78	3.52
Capital & Investment Metrics	-	-	-
Invested Capital	476	848	797
Invested Capital Turnover	0.33	0.27	0.21
Increase / (Decrease) in Invested Capital	-85	373	-51
Enterprise Value (EV)	542	856	840
Market Capitalization	434	516	534
Book Value per Share	$8.58	$10.79	$10.80
Tangible Book Value per Share	$5.60	$5.71	$5.80
Total Capital	476	848	797
Total Debt	183	444	391
Total Long-Term Debt	88	89	86
Net Debt	108	340	305
Capital Expenditures (CapEx)	2.56	-2.91	10
Net Nonoperating Expense (NNE)	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	183	444	391
Total Depreciation and Amortization (D&A)	9.72	8.25	6.96
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.79	$1.34	$1.23
Adjusted Weighted Average Basic Shares Outstanding	37.94M	37.55M	37.61M
Adjusted Diluted Earnings per Share	$1.79	$1.33	$1.22
Adjusted Weighted Average Diluted Shares Outstanding	37.94M	37.55M	37.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.94M	37.55M	37.61M
Normalized Net Operating Profit after Tax (NOPAT)	64	55	46
Normalized NOPAT Margin	38.00%	30.39%	27.06%
Pre Tax Income Margin	43.26%	32.67%	32.59%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	4.06	0.78	0.56
NOPAT to Interest Expense	3.38	0.66	0.46
EBIT Less CapEx to Interest Expense	3.92	0.82	0.46
NOPAT Less CapEx to Interest Expense	3.24	0.70	0.36
Payout Ratios	-	-	-
Dividend Payout Ratio	36.31%	50.86%	55.25%
Augmented Payout Ratio	36.31%	73.98%	55.25%

This table displays calculated financial ratios and metrics derived from Farmers National Banc's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.23%	-4.09%	-3.89%	6.89%	7.37%	19.54%	-14.86%	-5.35%	1.42%	-1.85%
EBITDA Growth	-0.29%	116.03%	-53.79%	-7.49%	-16.52%	5.37%	54.91%	-21.31%	-33.04%	0.36%
EBIT Growth	-3.14%	161.70%	-59.06%	-7.82%	-16.64%	9.97%	74.41%	-19.64%	-35.21%	-0.25%
NOPAT Growth	-3.53%	134.23%	-55.35%	-6.18%	-13.80%	9.14%	58.87%	-21.27%	-35.89%	-1.28%
Net Income Growth	-3.53%	134.23%	-55.35%	-6.18%	-13.80%	9.14%	58.87%	-21.27%	-35.89%	-1.28%
EPS Growth	-17.86%	160.00%	-59.57%	-14.89%	-21.74%	-2.56%	57.89%	-22.50%	-36.11%	0.00%
Operating Cash Flow Growth	14.74%	49.07%	5.06%	-38.72%	-4.89%	-35.15%	-5.08%	-0.53%	31.71%	-8.54%
Free Cash Flow Firm Growth	-729.74%	178.13%	-358.21%	-15,764.88%	277.76%	-465.15%	14.34%	55.74%	-438.43%	118.24%
Invested Capital Growth	19.09%	-15.12%	38.44%	64.43%	-20.48%	78.35%	24.56%	18.02%	100.41%	-6.00%
Revenue Q/Q Growth	-1.41%	-7.33%	24.99%	-6.40%	-0.97%	3.18%	-10.99%	4.07%	6.10%	-0.14%
EBITDA Q/Q Growth	-2.72%	-11.97%	-46.64%	102.44%	-12.21%	11.12%	-21.56%	2.84%	-25.30%	66.55%
EBIT Q/Q Growth	-1.83%	-14.07%	-52.15%	128.36%	-11.22%	13.35%	-24.11%	5.23%	-28.42%	74.51%
NOPAT Q/Q Growth	-3.17%	-13.53%	-47.03%	111.53%	-11.04%	9.49%	-22.89%	4.83%	-27.57%	68.61%
Net Income Q/Q Growth	-3.17%	-13.53%	-47.03%	111.53%	-11.04%	9.49%	-22.89%	4.83%	-27.57%	68.61%
EPS Q/Q Growth	-2.13%	-15.22%	-51.28%	110.53%	-10.00%	5.56%	-21.05%	3.33%	-25.81%	65.22%
Operating Cash Flow Q/Q Growth	-29.93%	17.84%	-35.69%	19.46%	8.76%	-19.64%	-5.00%	25.19%	44.01%	-44.20%
Free Cash Flow Firm Q/Q Growth	-3,784.39%	248.33%	-281.69%	-57.76%	141.81%	-404.68%	57.37%	18.50%	-219.72%	116.42%
Invested Capital Q/Q Growth	10.73%	-6.53%	40.26%	13.26%	-46.45%	109.64%	-2.04%	7.32%	-9.07%	-1.67%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	51.80%	49.20%	21.01%	45.43%	40.27%	43.37%	38.22%	37.77%	26.59%	44.35%
EBIT Margin	46.20%	42.84%	16.40%	40.01%	35.87%	39.41%	33.60%	33.97%	22.92%	40.05%
Profit (Net Income) Margin	38.04%	35.49%	15.04%	33.99%	30.54%	32.40%	28.07%	28.28%	19.30%	32.59%
Tax Burden Percent	82.33%	82.85%	91.72%	84.96%	85.13%	82.23%	83.54%	83.23%	84.23%	81.38%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	17.67%	17.15%	8.28%	15.04%	14.87%	17.77%	16.46%	16.77%	15.77%	18.62%
Return on Invested Capital (ROIC)	13.82%	11.54%	4.36%	9.47%	11.52%	8.80%	6.47%	5.85%	5.43%	6.74%
ROIC Less NNEP Spread (ROIC-NNEP)	13.82%	11.54%	4.36%	9.47%	11.52%	8.80%	6.47%	5.85%	5.43%	6.74%
Return on Net Nonoperating Assets (RNNOA)	6.29%	4.09%	2.16%	7.24%	6.57%	7.91%	6.09%	6.76%	3.30%	6.94%
Return on Equity (ROE)	20.11%	15.63%	6.52%	16.72%	18.09%	16.71%	12.56%	12.61%	8.73%	13.68%
Cash Return on Invested Capital (CROIC)	-6.11%	28.05%	-23.22%	-40.36%	33.48%	-48.75%	-14.65%	-10.35%	-59.26%	11.77%
Operating Return on Assets (OROA)	2.11%	1.75%	0.59%	1.47%	1.36%	1.55%	1.14%	1.13%	0.77%	1.34%
Return on Assets (ROA)	1.74%	1.45%	0.54%	1.25%	1.16%	1.27%	0.95%	0.94%	0.65%	1.09%
Return on Common Equity (ROCE)	20.11%	15.63%	6.52%	16.72%	18.09%	16.71%	12.56%	12.61%	8.73%	13.68%
Return on Equity Simple (ROE_SIMPLE)	19.93%	0.00%	13.83%	13.85%	15.42%	0.00%	13.63%	12.83%	10.49%	0.00%
Net Operating Profit after Tax (NOPAT)	15	13	7.08	15	13	15	11	12	8.54	14
NOPAT Margin	38.04%	35.49%	15.04%	33.99%	30.54%	32.40%	28.07%	28.28%	19.30%	32.59%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	35.33%	38.82%	40.23%	40.80%	42.51%	42.64%	48.02%	45.16%	43.60%	42.33%
Operating Expenses to Revenue	52.70%	56.06%	65.32%	59.93%	63.57%	59.96%	67.52%	63.36%	61.23%	59.28%
Earnings before Interest and Taxes (EBIT)	19	16	7.71	18	16	18	13	14	10	18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	21	19	9.88	20	18	20	15	16	12	20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.53	1.49	1.20	1.20	1.30	1.28	1.25	1.18	1.29	1.32
Price to Tangible Book Value (P/TBV)	2.50	2.28	2.47	2.51	3.30	2.41	2.38	2.26	2.26	2.45
Price to Revenue (P/Rev)	2.40	2.58	2.70	2.59	2.39	2.87	2.86	2.75	3.32	3.14
Price to Earnings (P/E)	7.69	7.17	8.66	8.64	8.45	10.33	9.14	9.21	12.32	11.63
Dividend Yield	5.18%	5.10%	5.58%	5.71%	6.19%	4.94%	5.16%	5.44%	4.50%	4.78%
Earnings Yield	13.00%	13.95%	11.55%	11.58%	11.83%	9.68%	10.94%	10.86%	8.12%	8.60%
Enterprise Value to Invested Capital (EV/IC)	1.12	1.14	0.92	0.94	1.00	1.01	0.94	0.88	0.93	1.05
Enterprise Value to Revenue (EV/Rev)	3.36	3.22	3.68	4.20	2.36	4.76	4.52	4.60	4.39	4.94
Enterprise Value to EBITDA (EV/EBITDA)	7.86	6.57	8.63	10.25	6.16	12.78	10.77	11.49	12.04	13.46
Enterprise Value to EBIT (EV/EBIT)	9.07	7.44	9.93	11.82	7.12	14.58	12.10	12.84	13.52	15.15
Enterprise Value to NOPAT (EV/NOPAT)	10.78	8.95	11.83	14.00	8.34	17.14	14.41	15.38	16.26	18.28
Enterprise Value to Operating Cash Flow (EV/OCF)	7.69	6.65	7.53	10.03	5.81	13.60	12.66	12.73	11.16	12.61
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	3.73	0.00	0.00	2.66	0.00	0.00	0.00	0.00	8.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.92	0.63	0.78	1.06	0.28	1.10	1.09	1.25	0.84	0.96
Long-Term Debt to Equity	0.33	0.30	0.24	0.24	0.28	0.22	0.22	0.22	0.20	0.21
Financial Leverage	0.46	0.35	0.49	0.76	0.57	0.90	0.94	1.16	0.61	1.03
Leverage Ratio	11.56	10.76	12.12	13.35	15.63	13.15	13.21	13.40	13.51	12.58
Compound Leverage Factor	11.56	10.76	12.12	13.35	15.63	13.15	13.21	13.40	13.51	12.58
Debt to Total Capital	47.79%	38.53%	43.83%	51.42%	21.89%	52.31%	52.21%	55.51%	45.77%	49.07%
Short-Term Debt to Total Capital	30.47%	19.98%	30.59%	39.71%	0.00%	41.86%	41.53%	45.54%	35.15%	38.26%
Long-Term Debt to Total Capital	17.32%	18.55%	13.24%	11.71%	21.89%	10.45%	10.69%	9.97%	10.61%	10.81%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	52.21%	61.47%	56.17%	48.58%	78.11%	47.69%	47.79%	44.49%	54.23%	50.93%
Debt to EBITDA	3.35	2.22	4.11	5.59	1.34	6.63	5.99	7.27	5.95	6.27
Net Debt to EBITDA	2.25	1.30	2.31	3.92	-0.08	5.08	3.94	4.61	2.92	4.90
Long-Term Debt to EBITDA	1.21	1.07	1.24	1.27	1.34	1.32	1.23	1.31	1.38	1.38
Debt to NOPAT	4.59	3.02	5.64	7.64	1.82	8.89	8.02	9.72	8.04	8.51
Net Debt to NOPAT	3.08	1.78	3.17	5.36	-0.11	6.81	5.27	6.17	3.94	6.65
Long-Term Debt to NOPAT	1.66	1.46	1.70	1.74	1.82	1.78	1.64	1.75	1.86	1.87
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-66	98	-178	-281	117	-358	-153	-124	-398	65
Operating Cash Flow to CapEx	0.00%	2,984.49%	8,109.36%	2,724.67%	1,503.92%	0.00%	0.00%	740.63%	684.48%	297.77%
Free Cash Flow to Firm to Interest Expense	-14.28	11.30	-12.18	-15.42	5.74	-16.10	-6.53	-5.02	-15.27	2.59
Operating Cash Flow to Interest Expense	4.09	2.57	0.95	0.91	0.88	0.65	0.56	0.67	0.91	0.53
Operating Cash Flow Less CapEx to Interest Expense	4.11	2.49	0.94	0.88	0.82	0.87	0.57	0.58	0.78	0.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.03
Fixed Asset Turnover	5.30	4.93	3.64	3.73	4.09	4.78	3.47	3.44	3.68	3.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	509	476	667	755	405	848	831	892	811	797
Invested Capital Turnover	0.36	0.33	0.29	0.28	0.38	0.27	0.23	0.21	0.28	0.21
Increase / (Decrease) in Invested Capital	82	-85	185	296	-104	373	164	136	406	-51
Enterprise Value (EV)	570	542	613	712	406	856	780	783	750	840
Market Capitalization	407	434	449	439	412	516	495	469	568	534
Book Value per Share	$7.80	$8.58	$9.87	$9.80	$8.43	$10.79	$10.57	$10.56	$11.70	$10.80
Tangible Book Value per Share	$4.79	$5.60	$4.78	$4.67	$3.33	$5.71	$5.52	$5.53	$6.69	$5.80
Total Capital	509	476	667	755	405	848	831	892	811	797
Total Debt	243	183	292	388	89	444	434	495	371	391
Total Long-Term Debt	88	88	88	88	89	89	89	89	86	86
Net Debt	163	108	164	272	-5.37	340	285	314	182	305
Capital Expenditures (CapEx)	-0.06	0.75	0.17	0.61	1.20	-4.88	-0.04	2.23	3.47	4.45
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	243	183	292	388	89	444	434	495	371	391
Total Depreciation and Amortization (D&A)	2.27	2.40	2.17	2.39	1.92	1.78	1.85	1.58	1.62	1.90
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.46	$0.39	$0.19	$0.40	$0.36	$0.39	$0.30	$0.32	$0.23	$0.38
Adjusted Weighted Average Basic Shares Outstanding	34.06M	37.94M	37.46M	37.49M	37.49M	37.55M	37.55M	37.58M	37.59M	37.61M
Adjusted Diluted Earnings per Share	$0.46	$0.39	$0.19	$0.40	$0.36	$0.38	$0.30	$0.31	$0.23	$0.38
Adjusted Weighted Average Diluted Shares Outstanding	34.06M	37.94M	37.46M	37.49M	37.49M	37.55M	37.55M	37.58M	37.59M	37.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.06M	37.94M	37.46M	37.49M	37.49M	37.55M	37.55M	37.58M	37.59M	37.61M
Normalized Net Operating Profit after Tax (NOPAT)	16	14	11	15	14	15	11	12	8.54	14
Normalized NOPAT Margin	39.80%	36.78%	23.45%	34.85%	31.06%	33.23%	28.07%	28.28%	19.30%	32.76%
Pre Tax Income Margin	46.20%	42.84%	16.40%	40.01%	35.87%	39.41%	33.60%	33.97%	22.92%	40.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.05	1.86	0.53	0.97	0.76	0.80	0.58	0.57	0.39	0.70
NOPAT to Interest Expense	3.34	1.54	0.48	0.82	0.65	0.66	0.48	0.48	0.33	0.57
EBIT Less CapEx to Interest Expense	4.07	1.77	0.52	0.93	0.71	1.02	0.58	0.48	0.26	0.53
NOPAT Less CapEx to Interest Expense	3.35	1.45	0.47	0.79	0.59	0.88	0.48	0.39	0.19	0.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	39.63%	36.31%	44.36%	47.02%	50.95%	50.86%	46.83%	49.79%	54.99%	55.25%
Augmented Payout Ratio	39.72%	36.31%	66.64%	69.72%	74.65%	73.98%	46.83%	49.79%	54.99%	55.25%

Frequently Asked Questions About Farmers National Banc's Financials

When does Farmers National Banc's financial year end?

According to the most recent income statement we have on file, Farmers National Banc's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Farmers National Banc's net income changed over the last 2 years?

Farmers National Banc's net income appears to be on a downward trend, with a most recent value of $45.95 million in 2024, falling from $60.60 million in 2022. The previous period was $49.93 million in 2023. See where experts think Farmers National Banc is headed by visiting Farmers National Banc's forecast page.

How has Farmers National Banc revenue changed over the last 2 years?

Over the last 2 years, Farmers National Banc's total revenue changed from $168.37 million in 2022 to $170.08 million in 2024, a change of 1.0%.

How much debt does Farmers National Banc have?

Farmers National Banc's total liabilities were at $4.71 billion at the end of 2024, a 0.8% increase from 2023, and a 24.4% increase since 2022.

How much cash does Farmers National Banc have?

In the past 2 years, Farmers National Banc's cash and equivalents has ranged from $75.55 million in 2022 to $103.66 million in 2023, and is currently $85.74 million as of their latest financial filing in 2024.

How has Farmers National Banc's book value per share changed over the last 2 years?

Over the last 2 years, Farmers National Banc's book value per share changed from 8.58 in 2022 to 10.80 in 2024, a change of 25.9%.

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This page (NASDAQ:FMNB) was last updated on 5/3/2025 by MarketBeat.com Staff

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Farmers National Banc (FMNB) Financials

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