secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS NATIONAL BANC CORP /OH/ (FMNB)
CIK:        0000709337
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0001193125-22-019796
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers National reports record 2021 net income of $51.8M; Cortland acquisition closed Nov 1, 2021
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- GAAP net income $51.8M ($1.77/share) vs $41.9M ($1.47) in 2020; adjusted EPS $2.13.
- Completed Cortland Bancorp merger in cash/stock valued at ~$128.5M; combined 48 branches.
- Issued $75M of subordinated debt at 3.125%.
- 156 consecutive quarters of profitability; Q4 core ROATE 18.5% and efficiency ratio 47.4% (non-GAAP).
- Allowance for credit losses 1.26% of loans; non-performing loans improved to 0.69%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709337/000119312522019796/0001193125-22-019796-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709337/000119312522019796/d300404d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-019796

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