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Stock impact report

Farmers National Banc Corp. Announces Strong Third Quarter 2021 Results

Farmers National Banc Corp. (FMNB) 
Last farmers national banc corp. earnings: 4/29 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: farmersbankgroup.com/investor-relations
Company Research Source: Business Wire
Record net income of $16.0 million for the quarterEarnings per diluted share of $0.56 ($0.58 excluding merger costs) up 47% per share from the third quarter of 2020155 consecutive quarters of profitabilityAverage deposit costs were 19 basis points for third quarter of 2021 down 7 basis points from second quarter 20213.2% growth in deposits in the current quarter compared to the second quarter 2021Strong net interest margin of 3.47%, or 3.37% excluding the impact of PPP loans and acquisition marksEfficiency ratio of 46.0% for the third quarter of 2021Allowance for credit losses ratio of 1.22%, or 1.26% excluding PPP loans for the third quarter of 2021Return on average assets was 1.92% for the third quarter of 2021ROAE and ROATE (non-GAAP) was 16.9% and 19.6%, respectively, for the third quarter of 2021 CANFIELD, Ohio--(BUSINESS WIRE)--Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB) today announced financial results for the three and nine months ended Septembe Show less Read more
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