Press release
Farmers National Banc Corp. Announces Earnings for Second Quarter of 2025
170 consecutive quarters of profitability Strong loan growth of $52.0 million for the quarter, or 6.4% annualized Commercial loan balances grew $43.6 million
About this update from Farmers National Banc Corp.
[{"type":"text","content":"\n\n170 consecutive quarters of profitability\n\n\n\nStrong loan growth of $52.0 million for the quarter, or 6.4% annualized\n\n\n\nCommercial loan balances grew $43.6 million for the quarter, or 8.8% annualized\n\n\n\nNet interest margin increased from 2.71% in the second quarter of 2024 to 2.91% in the second quarter of 2025\n\n\n\nEfficiency ratio improved from 60.8% in the second quarter of 2024 to 56.7% in the second quarter of 2025\n\n\n\n CANFIELD, Ohio--(BUSINESS WIRE)--\nFarmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB) today announced net income of $13.9 million, or $0.37 per diluted share, for the second quarter of 2025 compared to $11.8 million, or $0.31 per diluted share, for the second quarter of 2024. Net income for the second quarter of 2025 included pretax gains on the sale of investments securities and other assets totaling $173,000. Excluding these items (non-GAAP), net income for the first quarter of 2025 was $13.8 million, or $0.37 per diluted share.\n\n\nKevin J. Helmick, President and CEO, stated “Our strong second quarter results reflect the continued success of our approach to community banking and the disciplined execution of our long-term growth strategy. Higher profitability was driven by year-over-year growth in multiple lines of business, demonstrating the value we deliver to our Ohio and Pennsylvania communities. The improvement in our efficiency ratio is also encouraging, as we remain focused on prudent expense management. These results are a testament to our dedicated associates and the power of our diverse, relationship-driven banking model.”\n\n\nBalance Sheet\n\n\nTotal assets increased to $5.18 billion in the second quarter of 2025 from $5.16 billion at March 31, 2025 and $5.12 billion at December 31, 2024. Loans increased to $3.30 billion at June 30, 2025 from $3.25 billion at March 31, 2025 and $3.27 billion at December 31, 2024. The increase from the prior quarter was primarily due to strong growth in the commercial area with an increase in balances of $43.6%, or 8.8% annualized growth.\n\n\nThe Company had securities available for sale totaling $1.27 billion at June 30, 2025 compared to $1.28 billion as of March 31, 2025, and $1.27 billion at December 31, 2024. The Company anticipates continued rate volatility in the bond market in 2025, which will continue to affect...