Earnings ·
Reports Q3 EPS of $0.25, or $0.47 adjusted, on $14.5M net income
FMNBFarmers National Banc Corp
Farmers National Banc Corp. reported net income of $14.5 million, or $0.25 per diluted share, for the third quarter ended September 30, 2026. Adjusted net income excluding acquisition and core conversion costs was $28.0 million, or $0.47 per diluted share. The company completed its core system conversion to Jack Henry and a $90.5 million security restructuring that resulted in a $10.3 million loss. Net interest margin expanded to 3.54% from 3.00% in the prior year period, driven by the Middlefield Banc Corp. acquisition which added $1.82 billion in assets. The company also announced an intention to pay off $72.0 million of subordinated notes on December 15, 2026. Farmers National Banc Corp. is a diversified financial services company providing banking and wealth management services in Ohio and western Pennsylvania.