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Stock impact report

Farmers National Banc Corp. Announces Strong Results for First Quarter of 2024

Farmers National Banc Corp. (FMNB) 
Last farmers national banc corp. earnings: 4/29 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: farmersbankgroup.com/investor-relations
Company Research Source: Business Wire
Earnings per diluted share of $0.30 ($0.34 excluding certain items, non-GAAP) for the first quarter of 2024165 consecutive quarters of profitabilityStrategically restructured $44.3 million of investment securities improving the yield by almost 200 basis points – incurred a $2.1 million loss on the saleDeposit growth of $20.7 million, or 2.0% annualized, for the first quarter of 2024Excellent asset quality as non-performing loans to total loans improved to 0.38% at March 31, 2024 from 0.47% at December 31, 2023 CANFIELD, Ohio--(BUSINESS WIRE)--Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB) reported net income of $11.2 million, or $0.30 per diluted share, for the three months ended March 31, 2024, compared to $7.1 million, or $0.19 per diluted share, for the three months ended March 31, 2023. Net income for the first quarter of 2024 included a pretax item of $2.1 million for the loss on the sale of investment securities. Excluding this item (non-GAAP), net in Show less Read more
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