Farmers National Banc Corp. (FMNB) Income Statement Analysis

See more : Suntex Enterprises, Inc. (SNTX) Income Statement Analysis – Financial Results

Complete financial analysis of Farmers National Banc Corp. (FMNB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Farmers National Banc Corp., a leading company in the Banks – Regional industry within the Financial Services sector.

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Farmers National Banc Corp. (FMNB)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.farmersbankgroup.com

About Farmers National Banc Corp.

Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. 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, night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, MasterCard and Visa credit cards, brokerage, and other services. The company also provides personal and corporate trust services in the areas of estate settlement, trust administration, and employee benefit plans; retirement services; property and casualty insurance products and services; and various insurance products through licensed representatives, as well as invests in municipal securities. It operates through 47 locations in northeastern region of Ohio and one location in southwestern Pennsylvania. The company was founded in 1887 and is based in Canfield, Ohio.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Revenue	170.49M	158.87M	141.29M	123.25M	107.97M	101.00M	94.35M	87.49M	64.53M	49.76M	48.52M	48.75M	49.15M	50.58M	42.69M	31.80M	28.93M	29.03M	31.63M	29.54M	32.72M	29.91M	28.10M	27.28M	19.50M	2.54M	2.62M	2.13M	1.61M
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	170.49M	158.87M	141.29M	123.25M	107.97M	101.00M	94.35M	87.49M	64.53M	49.76M	48.52M	48.75M	49.15M	50.58M	42.69M	31.80M	28.93M	29.03M	31.63M	29.54M	32.72M	29.91M	28.10M	27.28M	19.50M	2.54M	2.62M	2.13M	1.61M
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	57.37M	48.96M	43.17M	41.46M	38.45M	37.94M	36.60M	32.96M	27.58M	21.61M	22.77M	20.46M	19.34M	17.71M	16.69M	11.63M	11.73M	11.59M	11.69M	10.65M	10.60M	9.66M	9.00M	8.87M	5.60M	5.14M	5.06M	4.78M	4.13M
Selling & Marketing	1.79M	1.95M	1.86M	1.53M	1.74M	1.56M	1.53M	1.33M	1.33M	1.11M	911.00K	973.00K	835.00K	637.00K	595.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	59.17M	50.91M	45.03M	42.99M	40.19M	39.50M	38.13M	34.30M	28.90M	22.72M	23.68M	21.43M	20.18M	18.35M	17.28M	11.63M	11.73M	11.59M	11.69M	10.65M	10.60M	9.66M	9.00M	8.87M	5.60M	5.14M	5.06M	4.78M	4.13M
Other Expenses	0.00	34.40M	-129.10M	-126.07M	-108.09M	-91.95M	-96.16M	-93.24M	-82.30M	-58.19M	-58.97M	-51.71M	11.00K	-46.39M	74.00K	-16.82M	-11.66M	-11.21M	-17.32M	-17.74M	-15.90M	-11.01M	-4.53M	-4.30M	-4.50M	12.59M	11.39M	9.91M	9.17M
Operating Expenses	78.95M	85.31M	-84.07M	-83.07M	-67.91M	-52.45M	-58.04M	-58.94M	-53.40M	-35.46M	-35.28M	-30.28M	20.19M	-28.04M	17.36M	-5.20M	68.00K	380.00K	-5.63M	-7.09M	-5.31M	-1.35M	4.47M	4.57M	1.10M	17.73M	16.45M	14.68M	13.30M
Cost & Expenses	78.95M	85.31M	-84.07M	-83.07M	-67.91M	-52.45M	-58.04M	-58.94M	-53.40M	-35.46M	-35.28M	-30.28M	20.19M	-28.04M	17.36M	-5.20M	68.00K	380.00K	-5.63M	-7.09M	-5.31M	-1.35M	4.47M	4.57M	1.10M	17.73M	16.45M	14.68M	13.30M
Interest Income	211.35M	142.09M	116.46M	112.33M	101.99M	91.77M	80.53M	72.50M	53.83M	40.92M	40.96M	43.11M	44.24M	48.18M	49.51M	46.42M	45.54M	44.10M	42.48M	41.77M	43.67M	44.01M	45.69M	45.84M	30.50M	29.23M	27.58M	24.88M	21.96M
Interest Expense	75.55M	17.92M	8.47M	16.14M	19.61M	13.27M	6.88M	4.38M	4.09M	4.58M	5.06M	6.21M	7.84M	11.00M	16.55M	19.95M	21.89M	20.20M	15.24M	12.77M	13.93M	17.29M	21.00M	21.55M	12.60M	12.74M	12.13M	10.76M	9.69M
Depreciation & Amortization	7.33M	4.90M	3.16M	2.83M	2.84M	2.99M	3.14M	3.16M	2.75M	1.98M	1.95M	1.74M	1.65M	1.71M	1.53M	1.35M	1.40M	1.90M	1.92M	2.97M	3.99M	2.93M	0.00	3.11M	2.20M	423.00K	398.00K	394.38K	379.01K
EBITDA	66.03M	77.73M	65.65M	53.39M	45.91M	41.27M	36.30M	31.71M	13.31M	13.58M	11.41M	14.73M	13.41M	13.25M	10.42M	0.00	0.00	0.00	14.39M	12.65M	0.00	0.00	32.58M	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA Ratio	38.73%	60.21%	44.93%	43.32%	42.52%	54.00%	45.36%	41.25%	26.96%	36.49%	33.95%	42.95%	43.22%	47.93%	58.53%	87.90%	105.06%	107.84%	88.28%	86.05%	95.96%	105.27%	115.92%	128.14%	116.92%	815.33%	742.24%	806.89%	948.48%
Operating Income	91.54M	93.68M	62.11M	50.27M	43.08M	51.55M	39.66M	32.42M	14.64M	16.18M	14.53M	19.20M	19.60M	22.53M	23.46M	26.60M	28.99M	29.41M	26.01M	22.45M	27.41M	28.56M	32.58M	31.86M	20.60M	20.27M	19.07M	16.82M	14.91M
Operating Income Ratio	53.69%	58.97%	43.96%	40.79%	39.90%	51.04%	42.04%	37.05%	22.69%	32.51%	29.94%	39.38%	39.87%	44.55%	54.95%	83.66%	100.24%	101.31%	82.22%	76.00%	83.78%	95.48%	115.92%	116.75%	105.64%	798.66%	727.07%	788.40%	924.97%
Total Other Income/Expenses	-32.84M	-21.58M	-25.25M	-21.64M	-16.22M	-14.79M	-14.74M	-15.78M	-16.55M	-9.22M	-9.69M	-1.12M	-11.00K	0.00	-3.50M	-19.95M	-21.89M	-20.20M	-15.24M	-3.23M	-13.93M	-17.29M	-13.42M	-23.46M	-12.60M	-12.74M	-12.13M	-10.76M	-9.69M
Income Before Tax	58.70M	72.84M	62.11M	50.27M	43.08M	38.28M	32.78M	28.04M	10.55M	11.60M	9.46M	12.99M	11.76M	11.54M	6.91M	6.65M	7.10M	9.21M	10.77M	9.68M	13.48M	11.27M	10.20M	8.40M	8.00M	7.53M	6.94M	6.06M	5.23M
Income Before Tax Ratio	34.43%	45.85%	43.96%	40.79%	39.90%	37.90%	34.74%	32.05%	16.35%	23.31%	19.50%	26.64%	23.92%	22.81%	16.19%	20.92%	24.55%	31.74%	34.05%	32.76%	41.19%	37.68%	36.31%	30.77%	41.03%	296.85%	264.66%	284.15%	324.13%
Income Tax Expense	8.77M	12.24M	10.27M	8.40M	7.32M	5.71M	10.07M	7.49M	2.50M	2.63M	1.68M	3.06M	2.54M	2.54M	1.07M	987.00K	1.18M	2.00M	2.71M	2.49M	3.96M	3.34M	2.91M	2.65M	2.50M	2.42M	2.20M	1.93M	1.65M
Net Income	49.93M	60.60M	51.84M	41.88M	35.76M	32.57M	22.71M	20.56M	8.06M	8.97M	7.78M	9.93M	9.22M	8.99M	5.84M	5.67M	5.93M	7.22M	8.06M	7.18M	9.52M	7.93M	8.66M	7.66M	5.50M	5.12M	4.74M	4.13M	3.58M
Net Income Ratio	29.29%	38.14%	36.69%	33.98%	33.12%	32.25%	24.07%	23.50%	12.48%	18.02%	16.03%	20.37%	18.76%	17.78%	13.68%	17.82%	20.48%	24.85%	25.48%	24.31%	29.08%	26.52%	30.81%	28.06%	28.21%	201.54%	180.79%	193.68%	221.80%
EPS	1.34	1.79	1.78	1.48	1.29	1.18	0.82	0.76	0.36	0.48	0.41	0.53	0.50	0.66	0.44	0.43	0.46	0.55	0.62	0.56	0.74	0.62	0.57	0.46	0.66	0.63	0.61	0.52	0.93
EPS Diluted	1.33	1.79	1.77	1.47	1.28	1.16	0.82	0.76	0.36	0.48	0.41	0.53	0.50	0.66	0.44	0.43	0.46	0.55	0.62	0.55	0.74	0.62	0.57	0.46	0.66	0.63	0.61	0.52	0.93
Weighted Avg Shares Out	37.26M	33.84M	29.17M	28.27M	27.73M	27.67M	27.57M	27.00M	22.68M	18.68M	18.77M	18.79M	18.27M	13.56M	13.36M	13.10M	13.00M	13.12M	13.00M	12.82M	12.94M	12.90M	15.06M	8.32M	8.32M	8.11M	7.84M	7.94M	3.85M
Weighted Avg Shares Out (Dil)	37.50M	33.93M	29.28M	28.39M	27.88M	27.97M	27.62M	27.00M	22.68M	18.68M	18.77M	18.79M	18.27M	13.56M	13.36M	13.10M	13.00M	13.12M	13.00M	13.06M	12.94M	12.90M	15.06M	8.32M	8.32M	8.11M	7.84M	7.94M	3.85M

Farmers National Banc (FMNB) Q2 Earnings and Revenues Surpass Estimates

July 28, 2021zacks.com

Farmers National (FMNB) delivered earnings and revenue surprises of 27.91% and 4.89%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Farmers National (FMNB) to Acquire Cortland Bancorp for $124M

June 24, 2021zacks.com

Farmers National's (FMNB) acquisition of Cortland Bancorp is in line with its long-term strategy to capitalize on cross-sell opportunities and diversify the geographic footprint.

Farmers National Banc Corp. and Cortland Bancorp Announce Farmers to Acquire Cortland Bancorp

June 23, 2021businesswire.com

CANFIELD, Ohio & CORTLAND, Ohio--(BUSINESS WIRE)--Farmers National Banc Corp. (“Farmers”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), and Cortland Bancorp Inc. (“Cortland”) (NASDAQ: CLDB), the holding company for The Cortland Savings and...

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May 6, 2021zacks.com

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Farmers National Banc Corp.: Sowing Prudence, Reaping Rewards

May 3, 2021seekingalpha.com

Farmers National Banc Corp. continues to flourish with steady revenue growth and adequate cash inflows.

Farmers National Banc (FMNB) Surpasses Q1 Earnings and Revenue Estimates

April 28, 2021zacks.com

Farmers National (FMNB) delivered earnings and revenue surprises of 34.21% and 3.12%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

A Trio of High Forward Rate of Return Stock Picks

March 24, 2021gurufocus.com

Donald Yacktman, a famous value investor and patron of the AMG Yacktman Fund (Trades, Portfolio) Class I (YACKX), takes the "forward rate of return" highly into account when he has to assess the attractiveness of a stock. He calculates this...

Farmers National Banc Corp. Declares Quarterly Cash Dividend

February 23, 2021businesswire.com

CANFIELD, Ohio--(BUSINESS WIRE)--On February 23, 2021, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.11 per share. The common stock cash dividend will have a record date of March 12,...