Farmers National Banc Corp. (FMNB)

Farmers National Banc Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	185.71	171.81	107.79	94.82	98.38
Interest Income on Investments	42.02	41.53	34.3	21.64	13.95
Total Interest Income	227.73	213.34	142.09	116.46	112.33
Interest Paid on Deposits	81.17	63.11	13.09	6.78	14.38
Interest Paid on Borrowings	18.2	12.44	4.84	1.69	1.76
Total Interest Expense	99.36	75.55	17.92	8.47	16.14
Net Interest Income	128.37	137.79	124.17	107.99	96.19
Net Interest Income Growth (YoY)	-6.84%	10.97%	14.98%	12.27%	16.77%
Trust Income	10.1	9.05	8.46	9.44	7.63
Mortgage Banking Activities	0.44	0.71	0.29	-0.14	-0.08
Gain (Loss) on Sale of Investments	-2.64	-0.47	-0.45	1	0.38
Other Non-Interest Income	25.01	23.86	20.75	15.94	13.19
Total Non-Interest Income	41.72	41.86	35.83	38.19	36.16
Non-Interest Income Growth (YoY)	-0.35%	16.84%	-6.19%	5.62%	28.95%
Revenues Before Loan Losses	170.08	179.65	159.99	146.18	132.35
Provision for Loan Losses	7.97	9.15	1.12	4.89	9.1
Revenue	162.12	170.49	158.87	141.29	123.25
Revenue Growth (YoY)	-4.91%	7.32%	12.44%	14.64%	14.15%
Salaries and Employee Benefits	56.28	54.76	43.2	38.2	38.38
Occupancy Expenses	15.59	15.43	11.38	8.49	7.25
Federal Deposit Insurance	5.03	5.85	3.95	2.86	2.89
Amortization of Goodwill & Intangibles	2.86	3.43	1.97	1.36	1.33
Selling, General & Administrative	8.46	8.76	9.88	7.24	5.71
Other Non-Interest Expense	18.38	18.09	13.96	13.92	14.2
Total Non-Interest Expense	106.6	106.32	90.34	72.07	69.76
EBT Excluding Unusual Items	55.52	64.17	68.53	69.22	53.5
Legal Settlements	-	-	8.38	-	-
Pretax Income	55.43	58.7	72.84	62.11	50.27
Income Tax Expense	9.48	8.77	12.24	10.27	8.4
Net Income	45.95	49.93	60.6	51.84	41.88
Net Income to Common	45.95	49.93	60.6	51.84	41.88
Net Income Growth	-7.98%	-17.60%	16.88%	23.80%	17.10%
Basic Shares Outstanding	37	37	34	29	28
Diluted Shares Outstanding	38	37	34	29	28
Shares Change (YoY)	0.04%	10.52%	15.88%	3.12%	1.86%
EPS (Basic)	1.23	1.34	1.79	1.78	1.48
EPS (Diluted)	1.22	1.33	1.79	1.77	1.47
EPS Growth	-8.27%	-25.70%	1.13%	20.41%	14.84%
Dividend Per Share	0.680	0.680	0.650	0.470	0.440
Dividend Growth	0%	4.62%	38.30%	6.82%	15.79%
Effective Tax Rate	17.10%	14.93%	16.80%	16.53%	16.70%

Source: S&P Capital IQ. Banks template. Financial Sources.