secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS NATIONAL BANC CORP /OH/ (FMNB)
CIK:        0000709337
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001193125-23-055238
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers National Banc Corp authorizes new 1M share repurchase program, superseding prior plan
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- 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- Prior 2019 program (1.5M shares authorized) had 198,336 shares remaining as of Feb 28, 2023; now superseded.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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709337/000119312523055238/0001193125-23-055238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709337/000119312523055238/d462296d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-055238

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