earnings
confidence high
sentiment positive
materiality 0.75
Farmers National Banc Corp reports record net income of $51.8M for 2021, up 27% YoY
FARMERS NATIONAL BANC CORP /OH/
2021-FY EPS reported
$1.77
- Net income $51.8M, ~27% increase vs 2020; sixth consecutive year of record earnings.
- Total loans $2.3B (+10.6% YoY); total deposits up 34% over prior year.
- Book value per share $13.94, a record, up 12% YoY; eighth consecutive annual increase.
- Wealth Management assets under care $3.14B, revenue $22.4M in 2021.
- Second Lab Branch in Canton planned for later 2022; Cortland Bancorp acquisition contributed.