Highest-materiality recent filing
Farmers National closes Middlefield merger; pro forma shows $63.5M net income for 9M 2025
Middlefield shareholders received 2.60 FMNB shares per Middlefield share; total consideration ~$302M based on $13.97/closing price.
Farmers National Q1 EPS $0.36 ($0.45 adj); NIM expands to 3.12%; acquires Middlefield
Net income $16.3M ($0.36 GAAP EPS); adjusted EPS $0.45 excluding $4.0M acquisition/conversion costs.
Farmers National Banc Corp. Shareholders Approve 2026 Equity Incentive Plan and Elect Directors
Shareholders approved the 2026 Equity Incentive Plan, authorizing 1M shares for equity awards to directors, officers, and employees.
Farmers National Bank appoints Todd Simko as Chief Banking Officer effective March 16, 2026
Todd Simko named Senior EVP, Chief Banking Officer; brings 25+ years of banking leadership experience.
Farmers National Banc completes Middlefield merger; $7.4B assets, 83 branches
Each Middlefield share converted into 2.6 Farmers common shares; no fractional shares issued.
Farmers National and Middlefield shareholders approve merger; close expected Q1 2026
Farmers shareholders approved Merger Agreement: 27.6M For, 2.4M Against, 2.96M broker non-votes.
FMNB receives all regulatory approvals for merger with MBCN; close expected Q1 2026
All regulatory approvals secured for Middlefield Banc Corp. merger into Farmers National Banc Corp.
Farmers National Q4 net income $14.6M ($0.39); NIM expands to 3.05%
Q4 net income $14.6M ($0.39 diluted EPS); adjusted $15.1M ($0.40); vs $14.4M ($0.38) Q4 2024.
Farmers National reminds shareholders to vote on Middlefield merger before Feb 10 meeting
Special Shareholder Meeting set for February 10, 2026, to vote on merger with Middlefield Banc Corp.
Farmers National Banc Corp. extends record-to-meeting window to 60 days
Board approved increase of maximum period between record date and shareholder meeting from 45 to 60 days.
Farmers National Banc Corp. to acquire Middlefield Banc Corp. in stock-for-stock merger
Middlefield shareholders will receive 2.6 FMNB common shares per Middlefield share; merger expected to close in Q1 2026.
Farmers National to acquire Middlefield Banc for ~$299M; Q3 adjusted EPS $0.42
All-stock deal: 2.6 Farmers shares per Middlefield share, valued at ~$299M; expected close Q1 2026.
Farmers National Q2 net income $13.9M ($0.37/dil), up 18% YoY; NIM 2.91%
Net income $13.9M, $0.37 diluted EPS vs $11.8M, $0.31 in Q2 2024.
Joseph Sabat retiring as CAO May 2; Sherry Commons appointed successor
Joseph Sabat to retire as CAO effective May 2, 2025, after 19 years with the company.
Farmers National Banc Corp reports Q1 net income $13.6M, EPS $0.36; adjusted EPS $0.39
Net income $13.6M ($0.36 diluted) vs $11.2M ($0.30) YoY; adjusted net income $14.6M ($0.39 diluted).
Farmers National Banc CEO/CCO Shaffer to retire Apr 16; successor search begins
Timothy F. Shaffer, Senior EVP, Chief Banking Officer and Chief Credit Officer, to retire effective April 16, 2025.
Farmers National Q4 net income $14.4M ($0.38 EPS); NIM 2.72%, up 6bp QoQ; acquires Crest Retirement
Net income $14.4M ($0.38 diluted EPS); adjusted EPS $0.39; 168th consecutive profitable quarter.
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.
Farmers National Q2 EPS $0.31 (adjusted $0.33); net income $11.8M; loan growth 7% annualized
Net income $11.8M ($0.31 diluted EPS) vs $15.0M ($0.40) in Q2 2023; adjusted net income $12.2M ($0.33).
Farmers National Q1 net income $11.2M, EPS $0.30 vs $0.19 YoY; restructures $44.3M securities
Net income $11.2M ($0.30 diluted EPS) vs $7.1M ($0.19) YoY; non-GAAP EPS $0.34 excluding securities sale loss.
Farmers National Banc Corp. annual meeting results; all proposals approved
Four Class II directors elected: Paull, Richardson, Thornton, Varischetti (over 18M votes for each).
Farmers National Q4 net income $14.6M, EPS $0.39; loan growth 3.7% annualized
GAAP EPS $0.39 vs $0.39 YoY; adjusted EPS $0.41 (non-GAAP) up 7.8% from $0.42.
Farmers National Banc Corp. announces resignation of two senior EVPs effective Jan 31, 2024
James M. Gasior, Senior EVP & Corporate Development Officer, resigned effective Jan 31, 2024.
Net income $13.3M ($0.36 diluted EPS) vs $15.4M ($0.46) in Q3 2022; adjusted EPS $0.40 (non-GAAP).
Farmers National Banc Corp. adds two board members, increases board to 14
Carl D. Culp appointed Class III director, term expiring 2025; he was SVP/CFO before retiring in 2021.
Farmers National Q2 EPS $0.40 ($0.41 adjusted); net income $15.0M
Diluted EPS $0.40 ($0.41 adjusted non-GAAP); net income $15.0M vs $16.0M a year ago.
Farmers National Q1 net income $7.1M ($0.19 diluted); adjusted EPS $0.44; Emclaire deal closed
GAAP net income $7.1M, diluted EPS $0.19; adjusted net income $16.5M, EPS $0.44 (non-GAAP).
Shareholders elect all four director nominees, approve say-on-pay and auditor at 2023 annual meeting
All four Class I director nominees elected; votes for ranged from 15.98M (Moore) to 21.46M (Kaback).
Farmers National Banc Corp authorizes new 1M share repurchase program, superseding prior plan
Board authorized repurchase of up to 1,000,000 shares (~2.6% of outstanding common stock).
FMNB Q4 2022 EPS $0.39 ($0.42 adj.); net income $13.4M vs $5.7M YoY
Net income $13.4M ($0.39 diluted) vs $5.7M ($0.18) in Q4 2021; adjusted EPS $0.42.
Farmers National Banc Corp. completes Emclaire merger; adds $5B assets, new board member
Each Emclaire share exchanged for $40 cash or 2.15 FMNB shares; 70% stock/30% cash mix.
Farmers National and Emclaire receive regulatory approvals for merger; close expected January 2023
Approvals received from Federal Reserve Board and OCC.
Farmers National Banc Corp appoints Andre Thornton to board effective Jan 1, 2023
Andre Thornton, President and CEO of ASW Global, appointed to Farmers National Banc Corp Board as Class II director.
Farmers National Q3 EPS $0.46, adjusted $0.48; loan growth 4.6% annualized
Net income $15.4M vs $16.0M year ago; diluted EPS $0.46 vs $0.56. Adjusted EPS $0.48 excluding merger costs.
Farmers National Banc Corp dismisses CLA, appoints Crowe as new auditor for FY 2023
Audit Committee dismissed CliftonLarsonAllen (CLA) on Aug 26, 2022, after competitive RFP process.
Farmers National Banc Corp. names Terry A. Moore Chairman effective Sept 1, 2022
Terry A. Moore assumes Chairman role effective September 1, 2022.
Net income $16.0M ($0.47 diluted GAAP); adjusted EPS $0.49 excluding merger costs and security losses.
Emclaire shareholders vote 98%+ to approve merger with Farmers National Banc Corp
Emclaire shareholders approved merger with Farmers (FMNB) at special meeting on July 20, 2022.
Farmers National Banc Corp and Emclaire set July 19 election deadline for merger consideration
Election deadline for Emclaire shareholders is July 19, 2022 at 5:00 p.m. ET to choose cash or Farmers common stock.
Farmers National mails merger election documents to Emclaire shareholders; July 20 meeting set
Emclaire shareholders can elect 2.15 Farmers shares or $40 cash per share, subject to 70/30 proration.
Chairman James R. Smail resigns from Farmers National Banc Corp. board
James R. Smail resigned as Chairman of the Board effective June 16, 2022.
Farmers National Banc Corp. posts Q1 2022 investor presentation for May conferences
CEO Kevin Helmick, CFO Troy Adair, and Chief Credit Officer Tim Shaffer to present at multiple investor conferences in May 2022.
Farmers National Q1 adj EPS $0.51 flat YoY; Emclaire acquisition expected H2 2022
GAAP diluted EPS $0.47 vs $0.51 YoY; adjusted EPS (non-GAAP) $0.51 flat.
Shareholders approve 2022 Equity Incentive Plan authorizing 1M shares
Plan approved; 1,000,000 common shares reserved for equity-based awards to non-employee directors, officers, and employees.
Farmers National (FMNB) to acquire Emclaire (EMCF) for ~$105M cash/stock merger
Consideration: $40 cash or 2.15 FMNB shares per EMCF share; 70% stock/30% cash mix cap.
Farmers National Banc Corp reports record net income of $51.8M for 2021, up 27% YoY
Net income $51.8M, ~27% increase vs 2020; sixth consecutive year of record earnings.
Farmers National reports record 2021 net income of $51.8M; Cortland acquisition closed Nov 1, 2021
GAAP net income $51.8M ($1.77/share) vs $41.9M ($1.47) in 2020; adjusted EPS $2.13.
FMNB files Cortland Bancorp 2020 audited financials; net income $8.3M
Cortland Bancorp's 2020 net income $8.3M ($1.97 EPS) vs $7.3M ($1.68 EPS) in 2019.
Farmers National Bancorp issues $75M subordinated notes due 2031 at 3.125%
$75M aggregate principal of 3.125% fixed-to-floating rate subordinated notes due Dec 15, 2031 issued Nov 17, 2021.
Farmers National Banc Corp prices $75M subordinated notes at 3.125% fixed rate
$75M aggregate principal of fixed-to-floating rate subordinated notes due 2031.
On April 21, 2025, Farmers National Banc Corp. (the “Company” or “Farmers”), issued a press release announcing Joseph W. Sabat’s decision to retire effective May 2, 2025 as Chief Accounting Officer of the Company.
Also April 21, 2025, the Company announced the appointment of Sherry Commons as Chief Accounting Officer of the Company effective May 2, 2025, upon Mr. Sabat’s retirement.
On February 26, 2025, Farmers National Banc Corp. (the “Company”), announced Timothy F. Shaffer’s decision to retire effective April 16, 2025.
announced that James M. Gasior, Senior Executive Vice President, Corporate Development Officer, and Timothy Carney, Senior Executive Vice President, Chief Banking Officer, each had announced their resignation as officers of the Company to be effective on January 31, 2024.
announced that James M. Gasior, Senior Executive Vice President, Corporate Development Officer, and Timothy Carney, Senior Executive Vice President, Chief Banking Officer, each had announced their resignation as officers of the Company to be effective on January 31, 2024.
appointed Carl D. Culp and Gina A. Richardson to the Board effective September 1, 2023.
appointed Carl D. Culp and Gina A. Richardson to the Board effective September 1, 2023.
the board of directors of the Company (the “Board”), appointed former Emclaire board member Nicholas D. Varischetti to the Board to hold office as a Class II director
appointed Andre Thornton, President and CEO of ASW Global LLC, to the Board effective January 1, 2023, to hold office as a Class II director
On June 16, 2022, James R. Smail, Chairman of the Board of Directors of Farmers National Banc Corp. (the “Company”), tendered his resignation effective immediately.
Mr. Kaback was appointed to the Board to hold office as a Class I director until the Company’s 2023 annual meeting of shareholders and until his successor is duly elected and qualified, or until his earlier death, resignation or removal.
Mr. Thompson was appointed to the Board to hold office as a Class III director until the Company’s 2022 annual meeting of shareholders and until his successor is duly elected and qualified, or until his earlier death, resignation or removal.
Max materiality 1.00 · Median 0.60 · Most common event earnings