secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS NATIONAL BANC CORP /OH/ (FMNB)
CIK:        0000709337
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001193125-23-262293
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers National Q3 net income $13.3M ($0.36 EPS); adjusted EPS $0.40; net interest margin compresses to 2.86%
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- Net income $13.3M ($0.36 diluted EPS) vs $15.4M ($0.46) in Q3 2022; adjusted EPS $0.40 (non-GAAP).
- Net interest margin 2.86%, down 35 bps QoQ and 35 bps YoY; purchased $100M pay-fixed swaps to improve asset sensitivity.
- Loans grew $763.8M YTD, primarily from Emclaire acquisition ($740.7M); organic loan growth modest at 1.7% annualized QoQ.
- Non-performing assets/total assets 0.37%; provision for credit losses $243K; annualized net charge-offs 0.05%.
- Total assets $4.97B; additional FHLB borrowing capacity $892.6M; unpledged AFS securities $353.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709337/000119312523262293/0001193125-23-262293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709337/000119312523262293/d552841d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-262293

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