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 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 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.
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 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 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 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).
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.
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.
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 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.
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.
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