earnings
confidence high
sentiment positive
materiality 0.75
Farmers National Q1 EPS $0.36 ($0.45 adj); NIM expands to 3.12%; acquires Middlefield
FARMERS NATIONAL BANC CORP /OH/
2026-Q1 EPS
reported $0.36
vs consensus $0.37
▼ miss
(-3.0%)
- Net income $16.3M ($0.36 GAAP EPS); adjusted EPS $0.45 excluding $4.0M acquisition/conversion costs.
- Net interest margin improved to 3.12% from 2.85% YoY; expects ~25 bps expansion in Q2 2026.
- Closed Middlefield Banc Corp. acquisition on March 2, 2026, adding $1.82B in assets and $1.49B in deposits.
- Total assets grew to $7.18B (+37% from Dec 2025); loans $4.75B; deposits $5.92B.
- Non-performing loans rose to $59.9M (1.25% of loans) due to acquired portfolio; provision recovery $1.0M.