Farmers National Banc Corp. (FMNB)

Farmers National Banc Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	187.96	185.71	171.81	107.79	94.82	98.38
Interest Income on Investments	42.02	42.02	41.53	34.3	21.64	13.95
Total Interest Income	229.98	227.73	213.34	142.09	116.46	112.33
Interest Paid on Deposits	80.91	81.17	63.11	13.09	6.78	14.38
Interest Paid on Borrowings	18.2	18.2	12.44	4.84	1.69	1.76
Total Interest Expense	99.11	99.36	75.55	17.92	8.47	16.14
Net Interest Income	130.88	128.37	137.79	124.17	107.99	96.19
Net Interest Income Growth (YoY)	-1.50%	-6.83%	10.97%	14.98%	12.27%	16.77%
Trust Income	10.23	10.1	9.05	8.46	9.44	7.63
Mortgage Banking Activities	0.46	0.44	0.71	0.29	-0.14	-0.08
Gain (Loss) on Sale of Investments	-1.83	-2.64	-0.47	-0.45	1	0.38
Other Non-Interest Income	25.97	25.01	23.86	20.75	15.94	13.19
Total Non-Interest Income	43.84	41.72	41.86	35.83	38.19	36.16
Non-Interest Income Growth (YoY)	10.17%	-0.35%	16.84%	-6.19%	5.62%	28.95%
Revenues Before Loan Losses	174.72	170.08	179.65	159.99	146.18	132.35
Provision for Loan Losses	8.21	7.97	9.15	1.12	4.89	9.1
Revenue	166.51	162.12	170.49	158.87	141.29	123.25
Revenue Growth (YoY)	-3.50%	-4.91%	7.32%	12.44%	14.64%	14.15%
Salaries and Employee Benefits	57.38	56.28	54.76	43.2	38.2	38.38
Occupancy Expenses	16	15.59	15.43	11.38	8.49	7.25
Federal Deposit Insurance	4.95	5.03	5.85	3.95	2.86	2.89
Amortization of Goodwill & Intangibles	2.91	2.86	3.43	1.97	1.36	1.33
Selling, General & Administrative	8.43	8.46	8.76	9.88	7.24	5.71
Other Non-Interest Expense	18.43	18.38	18.09	13.96	13.92	14.2
Total Non-Interest Expense	108.09	106.6	106.32	90.34	72.07	69.76
EBT Excluding Unusual Items	58.42	55.52	64.17	68.53	69.22	53.5
Legal Settlements	-	-	-	8.38	-	-
Pretax Income	58.33	55.43	58.7	72.84	62.11	50.27
Income Tax Expense	10.04	9.48	8.77	12.24	10.27	8.4
Net Income	48.29	45.95	49.93	60.6	51.84	41.88
Net Income to Common	48.29	45.95	49.93	60.6	51.84	41.88
Net Income Growth	-10.74%	-7.98%	-17.60%	16.88%	23.80%	17.10%
Basic Shares Outstanding	37	37	37	34	29	28
Diluted Shares Outstanding	38	38	37	34	29	28
Shares Change (YoY)	0.50%	0.04%	10.52%	15.88%	3.12%	1.86%
EPS (Basic)	1.29	1.23	1.34	1.79	1.78	1.48
EPS (Diluted)	1.28	1.22	1.33	1.79	1.77	1.47
EPS Growth	-11.44%	-8.27%	-25.70%	1.13%	20.41%	14.84%
Dividend Per Share	0.680	0.680	0.680	0.650	0.470	0.440
Dividend Growth	-	-	4.61%	38.30%	6.82%	15.79%
Effective Tax Rate	17.21%	17.10%	14.93%	16.80%	16.53%	16.70%

Updated Mar 6, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q