Farmers National Banc Corp

NASDAQ:FMNBUnited States

Oct 23, 2024

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• -- Earnings Flash (FMNB) FARMERS NATIONAL BANC Posts Q3 EPS $0.23, from 8:03AM ET on Wednesday Oct 23, 2024 by MT Newswires

  8:03AM ET on Wednesday Oct 23, 2024 by MT Newswires
  Companies Mentioned: FMNB
  08:03 AM EDT, 10/23/2024 (MT Newswires) -- ...

• Farmers National Banc Corp. Announces Earnings for the Third Quarter of 2024, from 8:00AM ET on Wednesday Oct 23, 2024 by Dow Jones

  8:00AM ET on Wednesday Oct 23, 2024 by Dow Jones
  Companies Mentioned: FMNB
  equated $ 32,483 $ 32,661 $ 32,341 $ 33,494 $ 34,448 $ 97,485 $ 107,095 Noninterest income 12,340 9,606 8,357 12,156 9,831 30,302 29,705 Net (gain) on loan sale 0 0 0 (915) 0 0 0 Net loss (gain) on asset/security sales (41) 515 2,120 217 764 2,594 667 --------- --------- --------- --------- --------- --------- --------- Net interest income and noninterest income adjusted 44,782 42,782 42,818 44,952 45,043 130,381 137,467 Noninterest expense less intangible amortization 26,446 25,773 26,351 26,394 26,991 78,570 81,968 Legal settlement expense 0 0 0 0 785 0 785 Employee severence 0 0 0 1,010 0 0 0 Acquisition related costs 0 0 0 452 268 0 5,022 --------- --------- --------- --------- --------- --------- --------- Noninterest expense adjusted 26,446 25,773 26,351 24,932 25,938 78,570 76,161 --------- --------- --------- --------- --------- --------- --------- Efficiency ratio excluding certain items 59.05% 60.24% 61.54% 55.46% 57.58% 60.26% 55.40% ========= ========= ========= ========= ========= ========= ========= Net interest margin excluding acquisition marks and PPP interest and For the Nine Months fees For the Three Months Ended Ended ------------------------------------------------------------------------------ ------------------------------ Sept. 30, June 30, March 31, Dec. 31, Sept. 30, Sept. 30, Sept. 30, 2024 2024 2024 2023 2023 2024 2023 --------- --------- --------- --------- --------- --------- --------- Net interest income, tax equated $ 32,483 $ 32,661 $ 32,341 $ 33,494 $ 34,448 $ 97,485 $ 107,095 Acquisition marks 2,123 2,391 2,370 2,475 2,959 6,884 8,471 PPP interest and fees 0 1 1 1 1 2 4 --------- --------- --------- --------- --------- --------- --------- Adjusted and annualized net interest income 121,440 121,076 119,880 124,072 125,952 120,799 131,493 --------- --------- --------- --------- --------- --------- --------- Average earning assets 4,890,344 4,825,532 4,796,922 4,816,409 4,820,888 4,837,792 4,839,207 --------- --------- --------- --------- --------- --------- --------- Less PPP average balances 118 171 213 229 247 167 262 --------- --------- --------- --------- --------- --------- --------- Adjusted average earning assets 4,890,226 4,825,361 4,796,709 4,816,180 4,820,641 4,837,625 4,838,945 --------- --------- --------- --------- --------- --------- --------- Net interest margin excluding marks and PPP interest and fees 2.48% 2.51% 2.50% 2.58% 2.61% 2.50% 2.72% ========= ========= ========= ========= ========= ========= =========
  

• Press Release: Farmers National Banc Corp. Announces Earnings for the Third Quarter of 2024, from 8:00AM ET on Wednesday Oct 23, 2024 by Dow Jones

  8:00AM ET on Wednesday Oct 23, 2024 by Dow Jones
  Companies Mentioned: FMNB