Farmers National Banc Corp. · NASDAQ:FMNB
Farmers National Banc — Q4 2025 Earnings Presentation
20 slides from Farmers National Banc's earnings presentation, Jan 28, 2026
Slide 1: Q4 2025 Investor Presentation
FARMERS NATIONAL BANC CORP. Q4 2025 Investor Presentation NASDAQ: FMNB
Slide 2: Disclosure Statement
|Disclosure Statement Forward-Looking Statements ‘This presentation contains forward-looking statements within the meaning of the Private Securities Ltgation Reform Act of 1995, Including statements about the financial condtion results of operations. asset quality trends and profitability of Farmers
Slide 3: About Farmers National Banc Corp.
About Farmers National Banc Corp. $5.2 billion in banking assets $4.7 billion in wealth management assets under $0.68 (4.9%) annualized dividend yield* Founded in 1887 172 consecutive quarters of profitability Strong and diverse franchise currently operating 62 banking locations throughout Ohio and
Slide 4: Local, Established & Experienced Leadership Team
|Local, Established & Experienced Leadership Team Kevin Helmick 53) TroyAdair(ss) | _ Amber Wallace (39) Mark Wenick (66) cn ber cimamemre | Set merece er Brianjackson(se) | Michael Oberhaus (so) | Mark Nicastro(ss) | William shivers(6s)_| Michael Lipke sy Ceopeuanesee | bceswerrenre eco ceneioee so
Slide 5: Farmers Strategic Vision
| Farmers Strategic Vision Leveraging our History with Modem Banking Technologies to Support our Future Invest in our Franchise Drive Financial Excellence + Leverage technology + Strive for performance metrics in top quartile ranking vs. peer group + Drive efficiencies through Six Sigma operating fr
Slide 6: Proven Acquisition History and Strategy
|Proven Acquisition History and Strategy Long-term strategy of value-enhancing acquisitions Eight acquistions inthe pastrnine years Target franchises with similar culture, ‘compelling reputation, and strong customer base Facus on businesses that support cross sell opportunities and diversify footpri
Slide 7: Financial Performance
FARMERS NATIONAL BANC CORP. Financial Performance NASDAQ: FMNB
Slide 8: Balance Sheet Strengths
| Balance Sheet Strengths 123025, 12/31/24 12/3023, ‘Customer Deposits* $4.3 billion $4.2 billion $4.2 billion Cash Balances $92.4 million $85.7 million $103.7 million Loan-to-Deposit Ratio 76.1% 76.6% 76.6% “Hien to ime 1.11% 1.10% 1.08% Total Risk-based Capital Ratio 15.3% 14.6% 14.1% sexes Brotee
Slide 9: Core Results
| Core Results Overview + Core ePSremains trong through challenging environments + Robust fee businesses provide stability Core Return on Assets 1 | | | i 22 203 ax Carenems exec ne impact fequon ete proven and tert. See Nen GAP ecorationmappencie Core Net Income 65000 45.000 sa6 Core EPS sae [ sans
Slide 10: Loan Portfolio Overview
{Loan Portfolio Overview Overview Rate Type Segments Total loans $3.3bilion + Diverse foan mix ‘+ Farmers’ practice isto lend primarty within its market area Total Loans (in millons) Veriable, 16% Feet 508 Adjustable, 3% Net Loans to Assets s2oms0 stone stome CRE CEI mAgrcutural Residential Mortgage
Slide 11: CRE
|CRE Overview Well dversified portfolio + Strong credit culture Independent loan review CRE Categories Gategony Balance Naf CRE Wa Port fetal $ STaeT 2a 10% Warehouse/industtal, $ 236351 17% m% office $ts176 1am o% Matafamiy $758 12% * Medical 311396 105% * Special Purpose $7353 6x *% Mutsfamiy- Con
Slide 12: Asset Quality Trends
|Asset Quality Trends Overview Annualized Net Charge-Offs to Avg. Net Loans + Earlystage delinquencies were $1639 milion, or 0.5196 of total loans et December 3, 2025, comparedta $13.0 milion, or 040% en of total loans at December 31,2028 + Conservative undenwring practices ioe + Sound reserve level
Slide 13: Securities Portfolio
|Securities Portfolio Overview + Allof the investment securities portfolio ls categorized as available for sale ‘Al MBS and CMOs are U.S. government agency issued + All municipal securities are investment grade, majority with credit enhancements +The duration ofthe avallabe forsale securities portfo
Slide 14: Deposit Trends
| Deposit Trends Overview Customer Deposit Composition in milions) + Weare proud to say our bank s built on core deposits 4500 Total customer deposts: $4.3 billion Noninterest-bearing stood at 225% of customer deposits sme 3500 00 22500 Customer Deposit Composition (in milions) 400 1500 si ss, 3000
Slide 15: Liquidity
| Liquidity Farmers National Banc Corp. has the following sources of liquidity at the holding company as of December 31, 2025 + $29.5 million of cash and equivalents + $5.0 million in unsecured lines of credit with a zero balance Farmers National Bank has the following sources of liquidity as of Dec
Slide 16: Net Interest Income and NIM Trends
| Net Interest Income and NIM Trends Overview Net Interest Income (in thousands) Fnalna pons oobi ba isco —< Neorg ces or nts an pestis oui te feat Pet = = ~ Sate Net Interest Margin Loans to Deposits l a ait 299% 26.00% 2am oo | | | | l | oom | [) FARMERS | NATIONAL BANG CORP
Slide 17: Noninterest Income Trends
|Noninterest Income Trends Overview ‘+ Robust Trust, Wealth Management and insurance businesses + Diverse revenue sources + Working to increase noninterest income to total revenue Noninterest Income to Total Revenue* Total Noninterest Income* in houssnds) soon ssa sen UR | | i [ | Components of Noni
Slide 18: Noninterest Expense Trends
|Noninterest Expense Trends Noninterest Expense to Average Assets Overview + Overall fous on ering effeences 210% +The Company has a numberof process improvement projects os underway. 205% ca + Track record of prudent expense management | ae a a } Noninterest Expense (in thousands) ®) Efficiency Rat
Slide 19: Capital
| Capital Overview All regulatory capta ratios above weltcpitazedthreshold ‘Announced 1,000,000 share repurchase program in Q1 2023 Tier 1 Leverage Ratio + Strong vend payout Total Risk Based Capital mae 0% seme
Slide 20: Non-GAAP Reconciliations
es - Non GAAP Reconciliations Tat os aS ae Se sm) 320) 438s eee Dem : nyt a g FAL prepayment pets rx we 5 : z eta (gan) on asec sale ae te (pega) ‘ae i z ee e e See "5a a _ a SS tes te 8 ts epee ret on averap asses (rates) 152 18H Oma Carre on average ants anes) tem 1st TOT rec seest neon ened 5 roo
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