Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. It offers commercial and retail banking services, including checking, savings, and time deposit accounts; commercial, mortgage and installment, and home equity loans; home equity lines of credit, night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, MasterCard and Visa credit cards, brokerage, and other services. The company also provides personal and corporate trust services in the areas of estate settlement, trust administration, and employee benefit plans; retirement services; property and casualty insurance products and services; and various insurance products through licensed representatives, as well as invests in municipal securities. It operates through forty locations in northeastern region of Ohio and one location in southwestern Pennsylvania. The company was founded in 1887 and is headquartered in Canfield, Ohio.
IPO Year:
Exchange: NASDAQ
Website: farmersbankgroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $17.00 | Neutral | Piper Sandler |
| 2/23/2024 | Neutral | Piper Sandler | |
| 1/5/2024 | $18.00 | Mkt Perform → Outperform | Raymond James |
| 3/10/2023 | $14.00 | Neutral | Janney |
| 10/6/2022 | Outperform → Mkt Perform | Raymond James | |
| 10/5/2022 | $15.50 → $14.50 | Overweight → Neutral | Piper Sandler |
| 2/3/2022 | $21.00 → $20.00 | Outperform | Raymond James |
| 1/6/2022 | $20.00 → $21.00 | Outperform | Raymond James |
| 11/1/2021 | $18.00 → $20.00 | Outperform | Raymond James |
| 8/26/2021 | $19.00 → $18.00 | Outperform | Raymond James |
Farmers National Bank announced today the following changes in its Accounting and Finance Group. The change is prompted by Joseph Sabat's decision to retire as Chief Accounting Officer, effective May 2nd, 2025. Sabat, who was promoted to Chief Accounting Officer in 2021, has been with Farmers since 2006. He previously served as the Bank's Controller. The decision ends Sabat's highly successful 25+ year career in accounting, finance and auditing. "On behalf of Farmers and the Company's Board of Directors, we thank Joe for his years of loyal service. Joe has been a valued leader in our organization and contributed to our financial soundness throughout the years," states Kevin Helmick, Presi
169 consecutive quarters of profitability Opened a commercial loan production office in Columbus at the end of the first quarter Net interest margin increased from 2.70% in the first quarter of 2024 to 2.85% in the first quarter of 2025 Efficiency ratio improved to 59.6% in the first quarter of 2025 compared to the first quarter of 2024 Restructured $23.8 million of available for sale securities in March with a 260 basis point pickup in reinvestment yield Credit metrics remain solid with non-performing loans to loans ratio falling to 0.64% at March 31, 2025 Annualized net charge-offs as a percentage of average loans were only 4 basis points in the first quarter of 2025 Farmer
Farmers National Bank announces the promotion of Michael Lipke to Senior Vice President, Chief Credit Officer. Lipke joined Farmers in 2021 following the merger with Cortland Bancorp. Most recently, Lipke served as Director of Commercial Credit Administration for Farmers, managing a credit team responsible for a loan portfolio of more than $2 billion. In his new role as Chief Credit Officer, the Bank's commercial credit, loan operations, and special assets departments will report to Lipke. Lipke has over 25 years of experience in banking and financial services and has served in several credit and commercial team leader roles throughout Northeast Ohio and Western PA. He holds a bachelor's
David D. Dygert, an accomplished financial executive with 26 years of leadership experience in the banking as well as commercial real estate industry has been named the Market President of the Columbus/Central Ohio Region for Farmers National Bank. Dygert is well-known in the Columbus business community, having served for 19 years as EVP and Market President for two banks with locations in the Columbus region. A graduate of The Ohio State University Fisher School of Business earning BSBA, MBA degrees, Dygert also served with the United States Army Reserve as a Combat Medic. "Dave Dygert has long been part of the culture and fabric of the Columbus area civic and business community," states
On February 25, 2025, the Board of Directors of the Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of March 14, 2025, and is payable to shareholders on March 31, 2025. ABOUT FARMERS NATIONAL BANC CORP. Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $5.1 billion in banking assets. Farmers National Banc Corp.'s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 62 banking locations in Mahoning, Trumbull
168 consecutive quarters of profitability Net interest margin improved from 2.66% in the third quarter of 2024 to 2.72% in the fourth quarter of 2024 Efficiency ratio declined to 56.4% for the fourth quarter of 2024 Continued strong performance in fee-based businesses Completed acquisition of Crest Retirement Advisors LLC based in Dublin, OH Wealth management assets under management increased to $4.2 billion at December 31, 2024 including the Crest addition Farmers National Banc Corp. ("Farmers" or the "Company") (NASDAQ:FMNB) today reported net income of $14.4 million, or $0.38 per diluted share, for the quarter ended December 31, 2024, compared to $14.6 million, or $0.3
Farmers National Bank announces the appointment of a key executive position. The role of Chief Banking Officer will be filled by Tim Shaffer, a tenured leader of the organization who most recently served as Chief Credit Officer. After joining Farmers in 2011, Shaffer went on to hold various leadership positions within the bank, including Commercial Lending Team Leader, Director of Commercial Banking/Private Banking Services, Mahoning Valley Regional President, and Chief Lending Officer. Shaffer's appointment to Chief Banking officer is a key element of the organization's growth strategy. With an extensive background in credit, lending, and commercial banking services, Shaffer will provi
Farmers National Banc Corp. ("Farmers" or the "Company") (NASDAQ:FMNB) today announced that National Associates, Inc., a subsidiary of Farmers, has completed the acquisition of Crest Retirement Advisors LLC ("Crest"). The transaction closed on December 16, 2024, and is expected to be accretive to earnings immediately. Crest will continue to operate under its name and from its current location in Dublin, Ohio but is expected to merge with National Associates Inc. Crest was founded in 2014 and provides customized retirement plans and ongoing administrative services to small businesses. Crest leverages its knowledge of the industry rules and regulations in a manner that provides a retirement
On November 26, 2024, the Board of Directors of the Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of December 13, 2024, and is payable to shareholders on December 31, 2024. ABOUT FARMERS NATIONAL BANC CORP. Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $5.2 billion in banking assets. Farmers National Banc Corp.'s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 62 banking locations in Mahoning, Tr
167 consecutive quarters of profitability Strong commercial loan growth of $35.2 million, or 7.2% annualized, for the third quarter of 2024 Overall loan growth of $43.1 million, or 5.3% annualized, for the third quarter of 2024 Customer deposit growth of $81.1 million, or 7.7% annualized, for the third quarter of 2024 Strong growth in fee-based businesses Wealth management assets under management have grown to $4.0 billion at September 30, 2024 Farmers National Banc Corp. ("Farmers" or the "Company") (NASDAQ:FMNB) today announced net income of $8.5 million, or $0.23 per diluted share, for the quarter ended September 30, 2024, compared to $13.3 million, or $0.36 per diluted shar
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
4 - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Issuer)
Farmers National Bank announced today the following changes in its Accounting and Finance Group. The change is prompted by Joseph Sabat's decision to retire as Chief Accounting Officer, effective May 2nd, 2025. Sabat, who was promoted to Chief Accounting Officer in 2021, has been with Farmers since 2006. He previously served as the Bank's Controller. The decision ends Sabat's highly successful 25+ year career in accounting, finance and auditing. "On behalf of Farmers and the Company's Board of Directors, we thank Joe for his years of loyal service. Joe has been a valued leader in our organization and contributed to our financial soundness throughout the years," states Kevin Helmick, Presi
Farmers National Bank announces the appointment of a key executive position. The role of Chief Banking Officer will be filled by Tim Shaffer, a tenured leader of the organization who most recently served as Chief Credit Officer. After joining Farmers in 2011, Shaffer went on to hold various leadership positions within the bank, including Commercial Lending Team Leader, Director of Commercial Banking/Private Banking Services, Mahoning Valley Regional President, and Chief Lending Officer. Shaffer's appointment to Chief Banking officer is a key element of the organization's growth strategy. With an extensive background in credit, lending, and commercial banking services, Shaffer will provi
Farmers National Banc Corp (NASDAQ:FMNB) announced today the hiring of Michael Matuszak as Executive Vice President, Chief Operating Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221202005465/en/Michael Matuszak (Photo: Business Wire) Matuszak, most recently with Wellmark Blue Cross Blue Shield as Vice President, Cloud Services & CISO, has more than 25 years of experience in operations, facilities, cybersecurity and software development throughout the financial services, insurance and healthcare industries. He also holds certifications in Six Sigma and ITIL. In his role as COO, Matuszak will develop, refine and impleme
Farmers National Banc Corp (NASDAQ:FMNB) announced today the following changes to its Canton Region Leadership Team. The changes are prompted by Joseph Gerzina's decision to retire as Senior Vice President, Regional President – West after almost 40 years in the banking industry, effective April 30, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220421006034/en/Joseph Gerzina (Photo: Business Wire) Gerzina joined Farmers in 2011 as Community President where he executed on his vision and created the Farmers' Stark County market. During his time at Farmers, Gerzina helped oversee the growth of Farmers' Stark County presence,
Farmers National Banc Corp. (NASDAQ:FMNB) announced today the following changes in its Accounting and Finance Executive Group. The changes are prompted by Carl D. Culp's decision to retire as Farmers National Bank Chief Financial Officer and Senior Executive Vice President, effective August 15, 2021. The decision ends Culp's highly successful 36-year career in accounting and the financial services industry, with 32 years dedicated to Farmers National Bank, including the last 25 years as Farmers' Chief Financial Officer and Senior Executive Vice President. Culp has agreed to provide advisory services for a period of time to ensure a seamless transition to his successor. This press release fe
8-K - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Filer)
8-K - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Filer)
DEF 14A - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Filer)
10-K - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Filer)
8-K - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Filer)
8-K - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Filer)
8-K - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Filer)
10-Q - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Filer)
10-K/A - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Filer)
8-K - FARMERS NATIONAL BANC CORP /OH/ (0000709337) (Filer)
Piper Sandler resumed coverage of Farmers National with a rating of Neutral and set a new price target of $17.00
Piper Sandler resumed coverage of Farmers National with a rating of Neutral
Raymond James upgraded Farmers National from Mkt Perform to Outperform and set a new price target of $18.00
Janney initiated coverage of Farmers National with a rating of Neutral and set a new price target of $14.00
Raymond James downgraded Farmers National from Outperform to Mkt Perform
Piper Sandler downgraded Farmers National from Overweight to Neutral and set a new price target of $14.50 from $15.50 previously
Raymond James reiterated coverage of Farmers National Banc with a rating of Outperform and set a new price target of $20.00 from $21.00 previously
Raymond James reiterated coverage of Farmers National Banc with a rating of Outperform and set a new price target of $21.00 from $20.00 previously
Raymond James reiterated coverage of Farmers National Banc with a rating of Outperform and set a new price target of $20.00 from $18.00 previously
Raymond James reiterated coverage of Farmers National Banc with a rating of Outperform and set a new price target of $18.00 from $19.00 previously
169 consecutive quarters of profitability Opened a commercial loan production office in Columbus at the end of the first quarter Net interest margin increased from 2.70% in the first quarter of 2024 to 2.85% in the first quarter of 2025 Efficiency ratio improved to 59.6% in the first quarter of 2025 compared to the first quarter of 2024 Restructured $23.8 million of available for sale securities in March with a 260 basis point pickup in reinvestment yield Credit metrics remain solid with non-performing loans to loans ratio falling to 0.64% at March 31, 2025 Annualized net charge-offs as a percentage of average loans were only 4 basis points in the first quarter of 2025 Farmer
On February 25, 2025, the Board of Directors of the Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of March 14, 2025, and is payable to shareholders on March 31, 2025. ABOUT FARMERS NATIONAL BANC CORP. Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $5.1 billion in banking assets. Farmers National Banc Corp.'s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 62 banking locations in Mahoning, Trumbull
168 consecutive quarters of profitability Net interest margin improved from 2.66% in the third quarter of 2024 to 2.72% in the fourth quarter of 2024 Efficiency ratio declined to 56.4% for the fourth quarter of 2024 Continued strong performance in fee-based businesses Completed acquisition of Crest Retirement Advisors LLC based in Dublin, OH Wealth management assets under management increased to $4.2 billion at December 31, 2024 including the Crest addition Farmers National Banc Corp. ("Farmers" or the "Company") (NASDAQ:FMNB) today reported net income of $14.4 million, or $0.38 per diluted share, for the quarter ended December 31, 2024, compared to $14.6 million, or $0.3
Farmers National Banc Corp. ("Farmers" or the "Company") (NASDAQ:FMNB) today announced that National Associates, Inc., a subsidiary of Farmers, has completed the acquisition of Crest Retirement Advisors LLC ("Crest"). The transaction closed on December 16, 2024, and is expected to be accretive to earnings immediately. Crest will continue to operate under its name and from its current location in Dublin, Ohio but is expected to merge with National Associates Inc. Crest was founded in 2014 and provides customized retirement plans and ongoing administrative services to small businesses. Crest leverages its knowledge of the industry rules and regulations in a manner that provides a retirement
On November 26, 2024, the Board of Directors of the Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of December 13, 2024, and is payable to shareholders on December 31, 2024. ABOUT FARMERS NATIONAL BANC CORP. Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $5.2 billion in banking assets. Farmers National Banc Corp.'s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 62 banking locations in Mahoning, Tr
167 consecutive quarters of profitability Strong commercial loan growth of $35.2 million, or 7.2% annualized, for the third quarter of 2024 Overall loan growth of $43.1 million, or 5.3% annualized, for the third quarter of 2024 Customer deposit growth of $81.1 million, or 7.7% annualized, for the third quarter of 2024 Strong growth in fee-based businesses Wealth management assets under management have grown to $4.0 billion at September 30, 2024 Farmers National Banc Corp. ("Farmers" or the "Company") (NASDAQ:FMNB) today announced net income of $8.5 million, or $0.23 per diluted share, for the quarter ended September 30, 2024, compared to $13.3 million, or $0.36 per diluted shar
On August 27, 2024, the Board of Directors of the Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of September 13, 2024, and is payable to shareholders on September 30, 2024. ABOUT FARMERS NATIONAL BANC CORP. Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $5.2 billion in banking assets. Farmers National Banc Corp.'s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 62 banking locations in Mahoning, Tr
Earnings per diluted share of $0.31 ($0.33 excluding certain items, non-GAAP) for the second quarter of 2024 166 consecutive quarters of profitability Sequential net interest margin stabilization and expansion Loan growth of $56.1 million, or 7.0% annualized, for the second quarter of 2024 Strong asset quality as non-performing loans to total loans were 0.40% at June 30, 2024 Farmers National Banc Corp. ("Farmers" or the "Company") (NASDAQ:FMNB) today announced net income of $11.8 million, or $0.31 per diluted share, for the three months ended June 30, 2024, compared to $15.0 million, or $0.40 per diluted share, for the three months ended June 30, 2023. Net income for the se
On May 21, 2024, the Board of Directors of the Farmers National Banc Corp. (NASDAQ:FMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of June 14, 2024, and is payable to shareholders on June 28, 2024. ABOUT FARMERS NATIONAL BANC CORP. Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $5.1 billion in banking assets. Farmers National Banc Corp.'s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 62 banking locations in Mahoning, Trumbull, Colum
Earnings per diluted share of $0.30 ($0.34 excluding certain items, non-GAAP) for the first quarter of 2024 165 consecutive quarters of profitability Strategically restructured $44.3 million of investment securities improving the yield by almost 200 basis points – incurred a $2.1 million loss on the sale Deposit growth of $20.7 million, or 2.0% annualized, for the first quarter of 2024 Excellent asset quality as non-performing loans to total loans improved to 0.38% at March 31, 2024 from 0.47% at December 31, 2023 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