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Farmers National Banc (FMNB) Financials

Farmers National Banc logo
$15.22 +0.06 (+0.40%)
As of 01:07 PM Eastern
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Annual Income Statements for Farmers National Banc

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

Quarterly Income Statements for Farmers National Banc

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

Annual Cash Flow Statements for Farmers National Banc

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

Quarterly Cash Flow Statements for Farmers National Banc

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

Annual Balance Sheets for Farmers National Banc

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

Quarterly Balance Sheets for Farmers National Banc

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

Annual Metrics And Ratios for Farmers National Banc

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%

Quarterly Metrics And Ratios for Farmers National Banc

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%

Key Financial Trends

Farmers National Banc (NASDAQ:FMNB) has demonstrated solid financial performance with a steady increase in net income and revenue throughout 2023 and into 2024. Here are the key trends and observations based on the last several quarters of financial statements:

  • Net interest income has shown consistent growth, rising from about $29.4M in Q4 2022 to $32.7M in Q4 2024, driven primarily by increased loans and leases interest income which grew from $29.0M in Q4 2022 to $47.2M in Q4 2024.
  • Total non-interest income recovered strongly after a dip in 2022, reaching $11.4M in Q4 2024 compared to $8.2M in Q4 2022, with significant contributions from other non-interest income.
  • Net income attributable to common shareholders increased steadily, rising from $13.4M in Q4 2022 to $14.4M in Q4 2024, reflecting improved profitability.
  • Diluted earnings per share grew from $0.39 in Q4 2022 to $0.38 in Q4 2024, maintaining a solid earnings yield through overall share count stability.
  • The company’s total assets have increased steadily, growing from approximately $4.1B in Q3 2022 to over $5.2B in Q3 2024, indicating expansion and growth in asset base.
  • Provision for credit losses remains relatively low and stable, ranging from $0.29M to $8.6M in quarterly periods, which suggests manageable credit risk but spikes should be monitored.
  • Salaries and employee benefits expenses increased over time, indicative of potential growth or inflationary pressures increasing operational costs from approximately $10.7M in Q3 2022 to $14.4M in Q4 2024.
  • Cash flow from operations shows variability but remains positive, with $13.2M generated in Q4 2024 and $23.7M in Q3 2024, supporting ongoing operational stability.
  • The company’s total interest expense increased from $8.7M in Q4 2022 to $25.2M in Q4 2024, largely due to increased short-term borrowings and deposit interest expense, which could pressure net interest margin if not offset by rate hikes.
  • Net change in deposits shows large outflows in some quarters (e.g., -$95.1M in Q4 2024) which may indicate liquidity pressures or changing customer deposit behavior.

Summary: Farmers National Banc has steadily improved its earnings and asset size over the last two years with a notable increase in loans and interest income contributing to higher net interest income and net income. Operational expenses have increased but appear to be in line with growth. The rise in interest expense and deposit fluctuations may warrant close attention regarding margin pressures and liquidity management. Overall, the financial health appears solid with positive trends in profitability and asset growth.

08/29/25 01:08 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

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's 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 8/29/2025 by MarketBeat.com Staff
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