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Stock impact report

Farmers National Banc Corp. Reports Solid Results for Fourth Quarter of 2023

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
Earnings per diluted share of $0.39 ($0.41 excluding certain items, non-GAAP) for the fourth quarter of 2023164 consecutive quarters of profitabilityRecorded a $915,000 gain during the quarter by selling $5.8 million of nonaccrual/troubled commercial loansLoan growth of $29.6 million, or 3.7% annualized, for the fourth quarter of 2023Excluding impact of commercial loan sale - loan growth of $37.7 million, or 4.8% annualized, for fourth quarter 2023Continued strong asset quality with non-performing assets to total assets of 0.30% as of December 31, 2023Return on average assets of 1.17% for the fourth quarter of 2023ROAE and ROATE (non-GAAP) of 18.0% and 43.8%, respectively, for the fourth quarter of 2023 CANFIELD, Ohio--(BUSINESS WIRE)--Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB) today announced net income of $14.6 million, or $0.39 per diluted share, for the three months ended December 31, 2023, compared to $13.4 million, or $0.39 per diluted share, for Show less Read more
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