secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS NATIONAL BANC CORP /OH/ (FMNB)
CIK:        0000709337
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001193125-22-202699
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers National Q2 EPS $0.47 ($0.49 adjusted); loans ex-PPP grow 15.7% annualized; Emclaire merger shareholder-approved
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- Net income $16.0M ($0.47 diluted GAAP); adjusted EPS $0.49 excluding merger costs and security losses.
- Loan growth ex-PPP of $89.6M (15.7% annualized); broad-based strength across all major loan categories.
- Emclaire Financial (EMCF) shareholders approved merger; expected close after regulatory approvals (Emclaire: $1.0B assets).
- Net interest margin 3.25% vs 3.52% YoY, driven by lower PPP income and higher securities mix.
- Tangible book value per share fell to $6.46 from $10.91 at Dec 2021 due to AFS securities unrealized loss of $206.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709337/000119312522202699/0001193125-22-202699-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709337/000119312522202699/d295106d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-202699

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