Farmers National Banc Q4 net income rises as margins, deposits grow

+0.72%

Farmers National Banc Corp.

FMNB

12.56

+0.72%

Overview

Ohio community bank's Q4 net income rises to $14.6 mln, up from $14.4 mln yr/yr
Net interest income for Q4 increased to $37 mln from $32.7 mln yr/yr
Company previously announced merger with Middlefield Banc Corp, closing expected Q1 2026

Outlook

Farmers National Banc expects merger with Middlefield Banc to close in Q1 2026
Company anticipates continued rate volatility in bond market in 2026
Farmers National Banc expects net interest margin to expand in 2026

Result Drivers

NET INTEREST MARGIN - Improved to 3.05% in Q4 2025 from 3.00% in Q3 2025, driven by higher yields on earning assets and lower funding costs
DEPOSIT GROWTH - Customer deposits grew by $151.0 mln in 2025, or 3.6%, excluding brokered CDs
NONPERFORMING LOANS - Declined to $26.2 mln in Q4 2025 from $35.3 mln in Q3 2025, aided by payoff of a significant loan

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 EPS		$0.39
Q4 Net Interest Income		$37.02 mln
Q4 Credit Loss Provision		$2.31 mln

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for Farmers National Banc Corp is $16.00, about 17.7% above its January 27 closing price of $13.59
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw4FDKWXa

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