Farmers National Banc Corp. (FMNB)

Farmers National Banc Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	179.67	171.81	107.79	94.82	98.38	89.1
Interest Income on Investments	41.53	41.53	34.3	21.64	13.95	12.88
Total Interest Income	221.2	213.34	142.09	116.46	112.33	101.99
Interest Paid on Deposits	78.4	63.11	13.09	6.78	14.38	16.86
Interest Paid on Borrowings	12.44	12.44	4.84	1.69	1.76	2.75
Total Interest Expense	90.85	75.55	17.92	8.47	16.14	19.61
Net Interest Income	130.35	137.79	124.17	107.99	96.19	82.38
Net Interest Income Growth (YoY)	-1.55%	10.97%	14.98%	12.27%	16.77%	4.94%
Trust Income	10.7	10.11	9.64	9.44	7.63	7.48
Gain (Loss) on Sale of Investments	-2.85	-0.47	-0.45	1	0.38	0.04
Other Non-Interest Income	22.25	22.8	19.57	15.94	13.19	12.19
Total Non-Interest Income	39.95	41.86	35.83	38.19	36.16	28.04
Non-Interest Income Growth (YoY)	8.26%	16.84%	-6.19%	5.62%	28.95%	9.97%
Revenues Before Loan Losses	170.3	179.65	159.99	146.18	132.35	110.42
Provision for Loan Losses	1.19	9.15	1.12	4.89	9.1	2.45
Revenue	169.11	170.49	158.87	141.29	123.25	107.97
Revenue Growth (YoY)	5.82%	7.32%	12.44%	14.64%	14.15%	6.90%
Salaries and Employee Benefits	56.12	54.76	43.2	38.2	38.38	35.79
Federal Deposit Insurance	5.66	5.85	3.95	2.86	2.89	0.33
Amortization of Goodwill & Intangibles	2.62	3.43	1.97	1.36	1.33	1.31
Selling, General & Administrative	8.89	8.76	9.88	7.24	5.71	6.24
Other Non-Interest Expense	18.87	18.09	13.96	13.92	14.2	14.38
Total Non-Interest Expense	107.41	106.32	90.34	72.07	69.76	64.7
EBT Excluding Unusual Items	61.7	64.17	68.53	69.22	53.5	43.27
Legal Settlements	-	-	8.38	-	-	-
Pretax Income	60.98	58.7	72.84	62.11	50.27	43.08
Income Tax Expense	10.07	8.77	12.24	10.27	8.4	7.32
Earnings From Continuing Operations	50.91	49.93	60.6	51.84	41.88	35.76
Net Income to Common	50.91	49.93	60.6	51.84	41.88	35.76
Basic Shares Outstanding	37	37	34	29	28	28
Diluted Shares Outstanding	37	37	34	29	28	28
Shares Change (YoY)	4.60%	10.52%	15.88%	3.12%	1.86%	-0.35%
EPS (Basic)	1.37	1.34	1.79	1.78	1.48	1.29
EPS (Diluted)	1.35	1.33	1.79	1.77	1.47	1.28
EPS Growth	-5.21%	-25.70%	1.13%	20.41%	14.84%	10.34%
Effective Tax Rate	16.51%	14.93%	16.80%	16.53%	16.70%	16.98%
Dividend Per Share	0.680	0.680	0.650	0.470	0.440	0.380
Dividend Growth	1.49%	4.62%	38.30%	6.82%	15.79%	26.67%

Source: S&P Capital IQ. Banks template.