Farmers National Banc Corp authorizes new 1M share repurchase program, superseding prior plan

FARMERS NATIONAL BANC CORP /OH/

Board authorized repurchase of up to 1,000,000 shares (~2.6% of outstanding common stock).
Prior 2019 program (1.5M shares authorized) had 198,336 shares remaining as of Feb 28, 2023; now superseded.
YTD 2023, company repurchased approximately $5.0 million of its common stock.
Annual dividend per share grew from $0.38 (2018) to an annualized $0.68, reflecting strong financial position.
Repurchases may be made in open market, block trades, or under a 10b5-1 plan; program can be modified or suspended.

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