secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS NATIONAL BANC CORP /OH/ (FMNB)
CIK:        0000709337
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001193125-24-183344
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers National Q2 EPS $0.31 (adjusted $0.33); net income $11.8M; loan growth 7% annualized
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- Net income $11.8M ($0.31 diluted EPS) vs $15.0M ($0.40) in Q2 2023; adjusted net income $12.2M ($0.33).
- Loan growth $56.1M (7% annualized) to $3.24B; total deposits flat at $4.21B.
- Net interest margin 2.71% vs 2.92% a year ago; net interest income $32.1M vs $34.6M.
- Non-performing loans to total loans 0.40%; provision for credit losses $1.1M primarily from loan growth.
- Company reaffirms 2024 loan growth guidance of ~1.5%-2% despite strong Q2 growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709337/000119312524183344/0001193125-24-183344-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709337/000119312524183344/d856374d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-183344

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