Press release
Farmers National Banc Corp. Announces Earnings for Fourth Quarter of 2025
172 consecutive quarters of profitability Net interest margin increased to 3.05% in the fourth quarter of 2025 from 3.00% in the third quarter of 2025 and
About this update from Farmers National Banc Corp.
[{"type":"text","content":"\n\n172 consecutive quarters of profitability\n\n\n\nNet interest margin increased to 3.05% in the fourth quarter of 2025 from 3.00% in the third quarter of 2025 and 2.72% in the fourth quarter of 2024\n\n\n\nEfficiency ratio of 57.11% in the fourth quarter of 2025, 55.0% excluding merger/core conversion costs (non-GAAP)\n\n\n\nCustomer deposit growth (excluding brokered CDs) was $151.0 million in 2025, or 3.6% growth\n\n\n\nNonperforming loans declined to $26.2 million in the fourth quarter 2025 from $35.3 million in third quarter 2025\n\n\n\n CANFIELD, Ohio--(BUSINESS WIRE)--\nFarmers 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 fourth quarter of 2025 compared to $14.4 million, or $0.38 per diluted share, for the fourth quarter of 2024. Net income for the fourth quarter of 2025 included $925,000 related to merger and core conversion costs and $143,000 in pretax losses for the sale of investment securities and other assets. Excluding these items (non-GAAP), net income for the fourth quarter of 2025 was $15.1 million, or $0.40 per diluted share.\n\n\nKevin J. Helmick, President and CEO, stated: “I am pleased with our performance for the fourth quarter and full year 2025, reflecting the ongoing strength of the Company’s community banking platform. During the year, we added experienced team members, continued to invest in our platform, and remained focused on disciplined growth and prudent risk management. Most importantly, during the fourth quarter of 2025, we announced the merger with Middlefield Banc Corp., which we expect will close in the first quarter of 2026. I am excited about the direction we are headed and the opportunities ahead to create long-term value for our shareholders in 2026 and beyond.”\n\n\nBalance Sheet\n\n\nTotal assets increased to $5.25 billion in the fourth quarter of 2025 from $5.24 billion at September 30, 2025 and $5.12 billion at December 31, 2024. Loans declined to $3.30 billion at December 31, 2025 from $3.34 billion at September 30, 2025 but were up $36.4 million from $3.27 billion at December 31, 2024. The decrease from the prior quarter was primarily due to greater payoffs seen in this quarter outpacing originations in the commercial portfolio.\n\n\nSecurities available for sale totaled $1.34 billi...