secwatch.observer — SEC 8-K summary
======================================

Issuer:     FARMERS NATIONAL BANC CORP /OH/ (FMNB)
CIK:        0000709337
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001193125-24-241447
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers National Banc Corp Q3 net income $8.5M ($0.23/diluted), down from $13.3M; credit charge impacts EPS by $0.12
--------------------------------------------------------------------------------

- Net income of $8.5M ($0.23 diluted) vs $13.3M ($0.36) in Q3 2023; impacted by $4.4M charge-off on office credit.
- Loan growth of $43.1M (5.3% annualized) driven by commercial loans; deposits up $81.1M (7.7% annualized).
- Net interest margin declined to 2.66% from 2.86% a year ago; provision for credit losses jumped to $7.0M from $243K.
- Noninterest income rose to $12.3M from $9.8M, aided by SBIC gains and $444K gain on sub debt buyback.
- Non-performing loans increased to $19.1M (0.58% of loans) from $12.9M (0.40%) at June 30, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709337/000119312524241447/0001193125-24-241447-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709337/000119312524241447/d840514d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-241447

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer