secwatch.observer — SEC 8-K summary
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Issuer:     FARMERS NATIONAL BANC CORP /OH/ (FMNB)
CIK:        0000709337
Form:       8-K/A
Filed at:   2026-05-12T19:23:13+00:00
Accession:  0001437749-26-016395
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers National closes Middlefield merger; pro forma shows $63.5M net income for 9M 2025
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- Middlefield shareholders received 2.60 FMNB shares per Middlefield share; total consideration ~$302M based on $13.97/closing price.
- Pro forma combined assets of $7.28B, loans $4.84B, deposits $6.02B as of Sept. 30, 2025.
- Pro forma 9M 2025 net income $63.5M ($1.09 basic EPS); year ended 2024 net income $50.2M ($0.86 basic EPS).
- Estimated goodwill of $116M and core deposit intangible of $23.1M recorded; PCD loan gross-up of $13.3M applied.
- Preliminary adjustments include $15.1M non-PCD CECL provision; purchase price could vary 15% (~$257M to $348M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709337/000143774926016395/0001437749-26-016395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709337/000143774926016395/fmnb20260504_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-016395

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