Farmers National Q1 net income $7.1M ($0.19 diluted); adjusted EPS $0.44; Emclaire deal closed

FARMERS NATIONAL BANC CORP /OH/

2023-Q1 EPS reported $0.19

GAAP net income $7.1M, diluted EPS $0.19; adjusted net income $16.5M, EPS $0.44 (non-GAAP).
Completed Emclaire acquisition on Jan 1, 2023; transaction value ~$92.6M (4.2M shares + $33.4M cash).
Repurchased 850,799 shares (2.2% of outstanding) during Q1.
Total assets $5.11B; customer deposits $4.31B; uninsured deposits 19.2%; additional FHLB capacity $656.1M.
Net interest margin 3.07% (down from 3.27% YoY); efficiency ratio 53.5% (non-GAAP).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FARMERS NATIONAL BANC CORP /OH/ reported the quarter ended March 31, 2023 results: net income $7.1 million, EPS $0.19 per diluted share.

Period: the quarter ended March 31, 2023
Net income: $7.1 million
EPS: $0.19 per diluted share
Result: reported results

Exact text from the filing

Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB) today announced net income of $7.1 million for the three months ended March 31, 2023 compared to $15.8 million for the three months ended March 31, 2022. Diluted earnings per share were $0.19 for the first quarter of 2023 compared to $0.47 for the first quarter of 2022.

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39 earnings releases filed in the last 30 days. Browse all earnings releases →

FARMERS NATIONAL BANC CORP /OH/ filing history →

Source: SEC EDGAR

accession 0001193125-23-116884

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