earnings
confidence high
sentiment neutral
materiality 0.60
Farmers National Q2 EPS $0.40 ($0.41 adjusted); net income $15.0M
FARMERS NATIONAL BANC CORP /OH/
2023-Q2 EPS reported
$0.59
- Diluted EPS $0.40 ($0.41 adjusted non-GAAP); net income $15.0M vs $16.0M a year ago.
- Net interest margin 2.92%, down from 3.25% Q2 2022 due to rising funding costs.
- Total assets $5.07B; Emclaire acquisition added $1.05B in assets in Q1.
- Uninsured deposits (ex-collateralized) ~15% of deposits; FHLB borrowing capacity $707.8M.
- Non-performing loans $18.0M (0.57% of loans); provision for credit losses $25K.