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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 159.99 | 179.65 | 170.08 | 188.57 |
| Pretax Income | 72.83 | 58.70 | 55.43 | 65.05 |
| Tax Provision | 12.24 | 8.77 | 9.48 | 10.46 |
| Net Income | 60.60 | 49.93 | 45.95 | 54.59 |
| Net Income Common Stockholders | 60.60 | 49.93 | 45.95 | 54.59 |
| Interest Expense | 17.92 | 75.55 | 99.36 | 91.35 |
| Interest Income | 141.22 | 211.35 | 226.28 | 231.86 |
| Selling General And Administration | 46.96 | 59.17 | 60.43 | 64.10 |
| Normalized Income | 62.01 | 54.59 | 46.03 | 57.98 |
| Basic EPS | 1.79 | 1.34 | 1.23 | 0 |
| Diluted EPS | 1.79 | 1.33 | 1.22 | 0 |
| Tax Effect Of Unusual Items | -0.28 | -0.82 | -0.02 | -0.65 |
| Tax Rate For Calcs | 0.17 | 0.15 | 0.17 | 0.16 |
| Total Unusual Items | -1.70 | -5.47 | -0.09 | -4.05 |
| Total Unusual Items Excluding Goodwill | -1.70 | -5.47 | -0.09 | -4.05 |
| Net Income From Continuing Operation Net Minority Interest | 60.60 | 49.93 | 45.95 | 54.59 |
| Reconciled Depreciation | 4.90 | 7.33 | 6.40 | 6.78 |
| Net Interest Income | 123.30 | 135.80 | 126.92 | 140.51 |
| Net Income From Continuing And Discontinued Operation | 60.60 | 49.93 | 45.95 | 54.59 |
| Diluted Average Shares | 33.93 | 37.50 | 37.51 | 0 |
| Basic Average Shares | 33.85 | 37.26 | 37.36 | 0 |
| Diluted NI Availto Com Stockholders | 60.60 | 49.93 | 45.95 | 54.59 |
| Net Income Including Noncontrolling Interests | 60.60 | 49.93 | 45.95 | 54.59 |
| Net Income Continuous Operations | 60.60 | 49.93 | 45.95 | 54.59 |
| Special Income Charges | -1.70 | -5.47 | -0.09 | -4.05 |
| Other Special Charges | -2.38 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 4.07 | 5.47 | 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 |
| Amortization | 1.97 | 3.43 | 2.86 | 2.90 |
| Amortization Of Intangibles Income Statement | 1.97 | 3.43 | 2.86 | 2.90 |
| Selling And Marketing Expense | 1.95 | 1.79 | 1.50 | 1.82 |
| General And Administrative Expense | 45.01 | 57.37 | 58.92 | 62.28 |
| Insurance And Claims | 0 | 0 | 0 | 0 |
| Salaries And Wages | 45.01 | 57.37 | 58.92 | 62.28 |
| Operating Revenue | 159.99 | 179.65 | 170.08 | 188.57 |
| 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 | 17.91 | 23.93 | 23.41 | 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 | $824M | 9.60↓ discount | 1.08 | 11.2% | - |
| Ridgepost Capital, Inc | RPC | $842M | 45.00 | 2.39 | 4.8% | 10.84 |
| Mid Penn Bancorp, Inc. | MPB | $840M | 15.06 | 0.94 | 6.9% | - |
| Root, Inc. | ROOT | $821M | 21.99 | 2.83 | 14.2% | 6.98 |
| World Acceptance Corporation | WRLD | $816M |
| 8.50 |
| 1.73 |
| 20.4% |
| - |
| Camden National Corporation | CAC | $811M | 10.21 | 1.17 | 9.4% | - |
| First Community Bankshares, Inc. | FCBC | $804M | 16.14 | 1.56 | 9.7% | - |
| Capital City Bank Group, Inc. | CCBG | $788M | 13.05 | 1.41 | 11.1% | - |
| OppFi Inc. | OPFI | $785M | 9.28 | 4.29 | 8.5% | - |
| Peer Median | - | 14.06 | 1.65 | 9.6% | 8.91 | |