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Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield that engages in the banking, trust, retirement consulting, insurance, and financial management businesses. 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; and night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, brokerage, and other services. The company also provides personal and corporate trust services in the areas of estate settlement, trust administration, employee benefit plans, and retirement services; and various insurance products through licensed representatives, as well as invests in municipal securities. Farmers National Banc Corp. was founded in 1887 and is headquartered in Canfield, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $189M | - | $55M | $52M | 11.2% | 10.9% | 18.8% |
| 2024 | $170M | - | $46M | $55M | 11.3% | -5.3% | -8.0% |
| 2023 | $180M | - | $50M | $59M | 12.3% | 12.3% | -17.6% |
| 2022 | $160M | - | $61M | $79M | 20.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 159.99 | 179.65 | 170.08 | 188.57 |
| Operating Revenue | - | 159.99 | 179.65 | 170.08 | 188.57 |
| Selling General And Administration | - | 46.96 | 59.17 | 60.43 | 64.10 |
| Interest Income | - | 141.22 | 211.35 | 226.28 | 231.86 |
| Interest Expense | - | 17.92 | 75.55 | 99.36 | 91.35 |
| Net Interest Income | - | 123.30 | 135.80 | 126.92 | 140.51 |
| Pretax Income | - | 72.83 | 58.70 | 55.43 | 65.05 |
| Tax Provision | - | 12.24 | 8.77 | 9.48 | 10.46 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.28 | -0.82 | -0.02 | -0.65 |
| Net Income Continuous Operations | - | 60.60 | 49.93 | 45.95 | 54.59 |
| Net Income From Continuing And Discontinued Operation | - | 60.60 | 49.93 | 45.95 | 54.59 |
| Net Income From Continuing Operation Net Minority Interest | - | 60.60 | 49.93 | 45.95 | 54.59 |
| Net Income | - | 60.60 | 49.93 | 45.95 | 54.59 |
| Net Income Common Stockholders | - | 60.60 | 49.93 | 45.95 | 54.59 |
| Net Income Including Noncontrolling Interests | - | 60.60 | 49.93 | 45.95 | 54.59 |
| Normalized Income | - | 62.01 | 54.59 | 46.03 | 57.98 |
| Diluted NI Availto Com Stockholders | - | 60.60 | 49.93 | 45.95 | 54.59 |
| Basic Average Shares | - | 33.85 | 37.26 | 37.36 | 37.39 |
| Diluted Average Shares | - | 33.93 | 37.50 | 37.51 | 37.63 |
| Reconciled Depreciation | - | 4.90 | 7.33 | 6.40 | 6.78 |
| Total Unusual Items | - | -1.70 | -5.48 | -0.09 | -4.05 |
| Total Unusual Items Excluding Goodwill | - | -1.70 | -5.48 | -0.09 | -4.05 |
| Special Income Charges | - | -1.70 | -5.48 | -0.09 | -4.05 |
| Other Special Charges | - | -2.38 | - | - | - |
| Restructuring And Mergern Acquisition | - | 4.07 | 5.48 | 0.09 | 4.05 |
| Gain On Sale Of Security | - | -0.45 | -0.47 | -2.64 | -2.21 |
| Depreciation Amortization Depletion Income Statement | - | 1.97 | 3.43 | 2.86 | 2.90 |
| Depreciation And Amortization In Income Statement | - | 1.97 | 3.43 | 2.86 | 2.90 |
| General And Administrative Expense | - | 45.01 | 57.37 | 58.92 | 62.28 |
| Salaries And Wages | - | 45.01 | 57.37 | 58.92 | 62.28 |
| Insurance And Claims | 0.58 | - | - | - | - |
| Selling And Marketing Expense | - | 1.95 | 1.79 | 1.50 | 1.82 |
| Amortization | - | 1.97 | 3.43 | 2.86 | 2.90 |
| Amortization Of Intangibles Income Statement | - | 1.97 | 3.43 | 2.86 | 2.90 |
| Occupancy And Equipment | - | 11.38 | 15.43 | 15.59 | 17.08 |
| Professional Expense And Contract Services Expense | - | 6.11 | 4.35 | 4.32 | 4.39 |
| Other Non Interest Expense | - | 17.92 | 23.94 | 23.40 | 23.94 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Farmers National Banc Corp.this co. | FMNB | $834M | 15.27↑ premium | 1.72 | 11.2% | - |
| Camden National Corporation | CAC | $852M | 13.08 | 1.22 | 9.4% | - |
| Abacus Global Management, Inc. | ABX | $851M | 23.29 | 2.03 | 8.7% | 11.11 |
| First Financial Corporation | THFF | $840M | 10.61 | 1.29 | 12.2% | - |
| Root, Inc. | ROOT |
| - |
| - |
| - |
| - |
| - |
| - |
| $833M |
| 20.67 |
| 2.93 |
| 14.2% |
| - |
| Eagle Bancorp, Inc. | EGBN | $828M | -6.00 | 0.73 | -12.2% | - |
| Mid Penn Bancorp, Inc. | MPB | $823M | 14.64 | 1.01 | 6.9% | - |
| Employers Holdings, Inc. | EIG | $811M | 75.12 | 0.85 | 1.1% | - |
| loanDepot, Inc. | LDI | $811M | -12.94 | 3.46 | -26.7% | - |
| Peer Median | - | 13.86 | 1.26 | 7.8% | 11.11 | |