Press release
Farmers National Banc Corp. Reports Earnings for Third Quarter of 2025
171 consecutive quarters of profitability Solid loan growth of $34.4 million for the quarter, or 4.2% annualized Commercial loan balances grew $30.1 million
About this update from Farmers National Banc Corp.
[{"type":"text","content":"\n\n171 consecutive quarters of profitability\n\n\n\nSolid loan growth of $34.4 million for the quarter, or 4.2% annualized\n\n\n\nCommercial loan balances grew $30.1 million for the quarter, or 6.0% annualized\n\n\n\nNet interest margin increased from 2.91% in the second quarter of 2025 to 3.00% in the third quarter of 2025\n\n\n\nRestructured $28.5 million in securities expanding yield by approximately 220 basis points\n\n\n\nEnhancing core platform through the strategic decision to transition to Jack Henry’s Silverlake in 2026\n\n\n\n CANFIELD, Ohio--(BUSINESS WIRE)--\nFarmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB) today announced net income of $12.5 million, or $0.33 per diluted share, for the third quarter of 2025 compared to $8.5 million, or $0.23 per diluted share, for the third quarter of 2024. Net income for the third quarter of 2025 included pretax losses for the sale of investment securities and other assets totaling $1.0 million and a charge of $3.1 million for consulting services associated with the strategic decision to transition core platform vendors. The new core platform contract will save the Company approximately $2.0 million per year, or $0.04 in diluted earnings per share, once the conversion is complete in August of 2026. Excluding these items (non-GAAP), net income for the third quarter of 2025 was $15.7 million, or $0.42 per diluted share.\n\n\nKevin J. Helmick, President and CEO, stated: “Farmers continues to deliver strong financial results, demonstrating the value our diversified financial services provide to customers across our Ohio and Pennsylvania communities. Throughout 2025, we have taken deliberate actions to further strengthen our operating platform and enhance our financial model, ensuring the Company is well positioned to drive sustainable growth and profitability for many years to come.”\n\n\n“Today, we also announced the merger of the Middlefield Banc Corp, which is expected to close in the first quarter of 2026. Upon completion, Farmers will have more than $7.4 billion in assets, serving customers across attractive markets in Northeast and Central Ohio and Western Pennsylvania. Middlefield is a high-quality franchise with complementary markets and a strong community banking culture, and we believe the combination offers significant upside for our shareholders. I l...