Farmers National Banc Corp (OQ:FMNB)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 20 S Broad St PO Box 555 CANFIELD OH 44406-0555 |
| Tel: | 1-330-7027299 |
| Website: | https://www.farmersbankgroup.com |
| IR: | See website |
| Key People | ||
| Kevin J. Helmick President, Chief Executive Officer, Director of the Company and Farmers Bank | Amber Wallace Soukenik Senior Executive Vice President and Chief Retail/Marketing Officer of Farmers Bank | Troy Adair Chief Financial Officer, Executive Vice President, Treasurer, Company Secretary |
| Michael E. Matuszak Senior Executive Vice President and Chief Operating Officer of Farmers Bank | Timothy F. Shaffer Executive Vice President, Chief Credit Officer of Farmers Bank | Mark J. Wenick Senior Vice President, Chief Wealth Management Officer of Farmers Bank |
| Brian E. Jackson Executive Vice President and Chief Information Officer of Farmers Bank | Mark A. Nicastro Executive Vice President and Chief Human Resources Officer of Farmers Bank | Michael G. Oberhaus Executive Vice President and Chief Risk Officer of Farmers Bank | Joseph W. Sabat Senior Vice President and Chief Accounting Officer of Farmers Bank |
| Business Overview |
| Farmers National Banc Corp. is a diversified financial services company. The Company provides full banking services through its nationally chartered subsidiary, The Farmers National Bank of Canfield (Bank). Its segment includes Bank segment and the Trust segment. It provides trust and retirement consulting services through its subsidiary, Farmers Trust Company (Trust), and insurance services through the Bank's subsidiary, Farmers National Insurance, LLC. Farmers National Captive, Inc. (Captive) is a wholly owned insurance subsidiary of the Company that provides property and casualty insurance coverage to the Company and its subsidiaries. It is a full-service national banking association engaged in commercial and retail banking mainly in the northeastern region of Ohio and the western region of Pennsylvania. Its commercial and retail banking services include checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, and home equity loans. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Farmers National Banc Corp interest income increased 50% to $213.3M. Net interest income after loan loss provision increased 5% to $128.6M. Net income decreased 18% to $49.9M. Net interest income after loan loss provision reflects Bank segment increase of 5% to $132.3M, Trust segment increase of 49% to $257K. Net income was offset by Bank segment income decrease of 9% to $50.8M. |
| Employees: | 666 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $505.44M as of Dec 31, 2023 |
| Annual revenue (TTM): | $213.34M as of Dec 31, 2023 |
| EBITDA (TTM): | $83.94M as of Dec 31, 2023 |
| Net annual income (TTM): | $49.93M as of Dec 31, 2023 |
| Free cash flow (TTM): | $35.01M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $59.77M as of Dec 31, 2023 |
| Shares outstanding: | 37,545,864 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.