earnings
confidence high
sentiment positive
materiality 0.65
Farmers National Q4 net income $14.6M, EPS $0.39; loan growth 3.7% annualized
FARMERS NATIONAL BANC CORP /OH/
2023-FY EPS reported
$1.33
revenue$255,196,000
- GAAP EPS $0.39 vs $0.39 YoY; adjusted EPS $0.41 (non-GAAP) up 7.8% from $0.42.
- Loan growth of $29.6M (3.7% annualized) in Q4; NPAs 0.30% of total assets.
- Net interest margin 2.78% vs 2.99% a year ago; provision for credit losses $286K.
- Noninterest income $12.2M (up from $8.2M), including $915K gain on commercial loan sale.
- 164 consecutive quarters of profitability; acquired Emclaire Financial in early 2023.