Farmers National Banc Corp. (FMNB)

Farmers National Banc Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	183.3	171.81	107.79	94.82	98.38	89.1
Interest Income on Investments	41.59	41.53	34.3	21.64	13.95	12.88
Total Interest Income	224.89	213.34	142.09	116.46	112.33	101.99
Interest Paid on Deposits	78.54	63.11	13.09	6.78	14.38	16.86
Interest Paid on Borrowings	17.89	12.44	4.84	1.69	1.76	2.75
Total Interest Expense	96.43	75.55	17.92	8.47	16.14	19.61
Net Interest Income	128.46	137.79	124.17	107.99	96.19	82.38
Net Interest Income Growth (YoY)	-4.41%	10.97%	14.98%	12.27%	16.77%	4.94%
Trust Income	10.84	10.11	9.64	9.44	7.63	7.48
Mortgage Banking Activities	0.29	0.71	0.29	-0.14	-0.08	0.05
Gain (Loss) on Sale of Investments	-2.63	-0.47	-0.45	1	0.38	0.04
Other Non-Interest Income	24.36	22.8	19.57	15.94	13.19	12.19
Total Non-Interest Income	42.46	41.86	35.83	38.19	36.16	28.04
Non-Interest Income Growth (YoY)	12.01%	16.84%	-6.19%	5.62%	28.95%	9.97%
Revenues Before Loan Losses	170.92	179.65	159.99	146.18	132.35	110.42
Provision for Loan Losses	7.96	9.15	1.12	4.89	9.1	2.45
Revenue	162.96	170.49	158.87	141.29	123.25	107.97
Revenue Growth (YoY)	-0.03%	7.32%	12.44%	14.64%	14.15%	6.90%
Salaries and Employee Benefits	56.81	54.76	43.2	38.2	38.38	35.79
Occupancy Expenses	15.41	15.43	11.38	8.49	7.25	6.65
Federal Deposit Insurance	5.49	5.85	3.95	2.86	2.89	0.33
Amortization of Goodwill & Intangibles	2.53	3.43	1.97	1.36	1.33	1.31
Selling, General & Administrative	8.82	8.76	9.88	7.24	5.71	6.24
Other Non-Interest Expense	17.98	18.09	13.96	13.92	14.2	14.38
Total Non-Interest Expense	107.04	106.32	90.34	72.07	69.76	64.7
EBT Excluding Unusual Items	55.92	64.17	68.53	69.22	53.5	43.27
Legal Settlements	-	-	8.38	-	-	-
Pretax Income	55.47	58.7	72.84	62.11	50.27	43.08
Income Tax Expense	9.34	8.77	12.24	10.27	8.4	7.32
Net Income	46.13	49.93	60.6	51.84	41.88	35.76
Net Income to Common	46.13	49.93	60.6	51.84	41.88	35.76
Net Income Growth	-5.29%	-17.60%	16.88%	23.80%	17.10%	9.80%
Basic Shares Outstanding	37	37	34	29	28	28
Diluted Shares Outstanding	37	37	34	29	28	28
Shares Change (YoY)	2.28%	10.52%	15.88%	3.12%	1.86%	-0.35%
EPS (Basic)	1.24	1.34	1.79	1.78	1.48	1.29
EPS (Diluted)	1.23	1.33	1.79	1.77	1.47	1.28
EPS Growth	-7.74%	-25.70%	1.13%	20.41%	14.84%	10.34%
Dividend Per Share	0.680	0.680	0.650	0.470	0.440	0.380
Dividend Growth	0%	4.62%	38.30%	6.82%	15.79%	26.67%
Effective Tax Rate	16.83%	14.93%	16.80%	16.53%	16.70%	16.98%

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