Farmers National Banc Corp. · NASDAQ:FMNB
Farmers National Banc — Q3 2025 Earnings Presentation
21 slides from Farmers National Banc's earnings presentation, Oct 22, 2025
Slide 1: Q3 2025 Investor Presentation
aini992 FARMERS NATIONAL BANC CORP. Q3 2025 Investor Presentation NASDAQ: FMINB
Slide 2: Disclosure Statement
|Disclosure Statement Forward-Looking Statements ‘Thi resentation contains fowardootng statements win the meaning ofthe Private Secures Ligation Reform Act f 1995, ncudng statements about the fnancal ondton ‘esuls of operations asset qualty ends and protabily of Farmers Natonal Sane Corp. Famers) Fo
Slide 3: About Farmers National Banc Corp.
About Farmers National Banc Corp. $5.2 billion in banking assets, + $4.6 billion in wealth management assets under + $0,68 (49%) annualized dividend yield Founded in 1887 171 consecutive quarters of profitability + Strong and diverse franchise currently operating + 62 banking locations throughout Oh
Slide 4: Local, Established & Experienced Leadership Team
Local, Established & Experienced Leadership Team Kevin Helenick (3) BrianJackson(s6) | Michael Oberhaus(so) | Mark Nicastro(se) | Wiliam Shivers (6) Training,
Slide 5: Farmers Strategic Vision
| Farmers Strategic Vision Leveraging our History with Modem Banking Technologies to Support our Future Invest in our Franchise + Leverage technology + Dewveeffcencies through Sx Sigma operating framework + Strive tobe customer centric and provide exceptional experiences + Assure Farmers the best pl
Slide 6: Proven Acquisition History and Strategy
|Proven Acquisition History and Strategy Long:term strategy of value-enhancing acquisitons ight acqustions inthe astnine years Target franchises wth similar culture, ‘compeling reputation, and strong ‘ustomer base Focus on businesses that suppor cross {clopportuntes and ves foorpet into compeling ba
Slide 7: Financial Performance
FARMERS NATIONAL BANC CORP. Financial Performance NASDAQ: FMNB
Slide 8: Balance Sheet Strengths
| Balance Sheet Strengths 973025 wsvee weeswes Customer Deposits* $4.4 billion $42 billion $42 billion Cash Balances $92.3 millon $85.7 millon $103.7 million Loan-to-Deposit Ratio 75.9% 76.6% 76.6% Allowance to Loans 1.18% 1.10% 1.08% Total Risk-based Capital Ratio 15.2% 14.6% 14.1% cues totes eget
Slide 9: Core Results
| Core Results Overview Core Net Income Core €5 remains strong through chaenging environments a oe hemeer is Ee | | li = CoreReturnon Assets Core EPS li il = I | |! ii FARMERS | »
Slide 10: Loan Portfolio Overview
|Loan Portfolio Overview Overview Rate Type Segments + Totaloans $33.ion + Dwerseloan mic ibe 16% + Farmers practicelsto lend primariy within its market area Total Loans jn mitions) Net Loans to Assets FARMERS CRE CRI mAgroutural mRescental Mongage m Consumer °
Slide 11: CRE
|CRE Overview CRE Breakdown Wel dversifedportolo Sas =— stongcredecatre Mortem ocd 20% Independent oan review ee occupied 5%, CRE Categories Loans by Industry Type ‘Sige ace acne “at fea a Wartoweméstal $2407 aa ™% ‘oftce $ seem 8 Watton $ ima % del $1393 108 ~ Spec Prose Sass ~ Mulooniy-consiucton
Slide 12: Asset Quality Trends
|Asset Quality Trends Overview Annualized Net Charge-Offs to Avg. Net Loans Early-stage delinquencies were $16.1 millon oF 0.48% of total loans at september 30,2025, compared to $130 mllon, oF 0.40% oftotal loans at December 31,2024 Conservative underarting practices ‘Sound serve levels under CECL N
Slide 13: Securities Portfolio
|Securities Portfolio Overview ‘Allo he Investment securities portfolio categorized as ‘valable forsale + AIMBS and CMOs are US. government agency issued ‘All municipal secures are investment grade, malorty ‘uth eredt enhancements + The duration of the avalable for sale securities portfoto Is 6-4yea
Slide 14: Deposit Trends
| Deposit Trends Overview Customer Deposit Composition (n milions) + Weare proudto say our bank butt on core deposts + Totalcustomerdeposts: 4.8 bilon + Noninterest bearing stood at 226% of customer deposits Customer Deposit Composition (in miion) sm «s FARMERS B
Slide 15: Liquidity
| Liquidity Farmers National Banc Corp. has the following sources of liquidity at the holding company as of September 30, 2025 + $33.3 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 Se
Slide 16: Net Interest Income and NIM Trends
|Net Interest Income and NIM Trends Overview Net Interest Income (in thousands) + Focused on growing ars to manage ntinterest margin + Managing cost of funds and deposit betas through ising rate Net Interest Margin annvsizes) sm sas sa Loans to Deposits TG FARMERS |
Slide 17: Noninterest Income Trends
|Noninterest Income Trends Overview Total Noninterest Income* in chousands) Robust Trust, Wealth Management and insurance businesses Diverse revenue sources fl Gao aaiRaNwareT a | [ | [ I Noninterest Income to Total Revenue* Components of Noninterest income® (in thousands) i oad -. — = = iill it tan
Slide 18: Noninterest Expense Trends
|Noninterest Expense Trends Overview Noninterest Expense to Average Assets Selicrncmrnees m0 So is ne = ah decree geen areas: i _ | | Noninterest Expense (in thousands) ® Efficiency Ratio ss -_ = se 008 | : | ! | site ten Se Non Got? rcrtonh appee uate Se onGas corciaten mapper FARMERS |v
Slide 19: Capital
| Capital Overview ‘Tangible Equity to Tangible Assets ‘Al regulatory copa rates above welcoptalzed threshold ‘Announced 1.000000 share repurchase program in Q1 2023, ‘Strong cvidend payout Total Risk Based Capital TE irBoe fa ar Se args ees Len Unesco Tier 1 Leverage Ratio FARMERS
Slide 20: Appendix - Non GAAP Reconciliations
prpenals - Non GAAP Reconciliations FARMERS | »
Slide 21: Appendix - Non GAAP Reconciliations
|Appendix - Non GAAP Reconciliations FARMERS | »
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