Farmers National Banc Corp. · NASDAQ:FMNB
Farmers National Banc — Q2 2025 Earnings Presentation
21 slides from Farmers National Banc's earnings presentation, Jul 23, 2025
Slide 1: Q2 2025 Investor Presentation
Exhibit 99.2 FARMERS NATIONAL BANC CORP. Q2 2025 Investor Presentation NASDAQ: FMINB
Slide 2: Disclosure Statement
|Disclosure Statement Forward-Looking Statements This presentation contains forardooking statements within the meaning ofthe Private Securtes Ligation Reform Act of 1995, Including statements about the financal condlton, results of operations, asset quay trends and profitably of Formers National Ban
Slide 3: About Farmers National Banc Corp.
About Farmers National Banc Corp. {5.2 billon in banking assets ‘$4.4 billion in wealth management assets under $0.68 (4.9%) annualized dividend yield* Founded in 1887 170 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 roy Adair (58) Amber Wallace (5 Talent Acquisition Robust Succession Planning. + Comprehensive recutment + ann progam utiJayered approach
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 “Steve for performance metrics in top quartile ranking vs. peer group + Drive efficiencies through Six Sigma operating fram
Slide 6: Proven Acquisition History and Strategy
|Proven Acquisition History and Strategy Long-term strategy of value-enhancing acquisitions. 5000 Eight acquistions inthe astnine years 09 Target franchises wth simlar culture, “Solin epuan ad song soos focus on businesses that supportcross | $3000 tellopportnites and divers octet into compeling ban
Slide 7: Financial Performance
FARMERS NATIONAL BANC CORP. Financial Performance NASDAQ: FMNB
Slide 8: Balance Sheet Strengths
| Balance Sheet Strengths 6130125 rer3tr24 1323 Customer Deposits* $43 billion $42 billion $42billion Cash Balances $90.7 million $85.7 million $103.7 milion Loan-to-Deposit Ratio, 75.1% 76.6% 76.6% Nonperforming Loans to Total Loans 0.84% 0.70% 0.47% Allowance to Nonperforming Loans 138.6% 157.2% 2
Slide 9: Core Results
| Core Results Overview Core Net Income Core EP remains strong through challenging environments Robust fee businesses provide stability Core Return on Assets rood Core EPS ast | nr FARMERS | « NATIONAL BANG CORP
Slide 10: Loan Portfolio Overview
|Loan Portfolio Overview Overview Rate Type Segments Tetalloane$2:3biion Diverse aan mi Farmers practce'sto lend primary within ts market area gnats Total Loans (in millions) Net Loans to Assets = sk ck = | i i ry a i i i ie | | | | CRE CRI mAgrcutural Residential Mortgage Consumer -ARMERS J 9
Slide 11: CRE
|CRE Overview CRE Breakdown + Wel versed porto eae = + strongered cute tte, Foneonynd + Independent loan review = Nenana oxic 5% CRE Categories Loans by Industry Type i ; a | ; etal Sui SK 10% oftce "3 tgrars 1a ox Worehouse/industial «$198,975 18% e% ‘wultifarily 317538 13% om ‘Medical $ BB76 108 %
Slide 12: Asset Quality Trends
|Asset Quality Trends Overview Annualized Net Charge-Offs to Avg. Net Loans + Earystage delinquencies were $17.7 milion, oF 0.54% of total Tans at june 30,2025, compared to $13.0 millon. oF 0.40% af total a2 loans at December 31, 2028 + Conservative undenwrting practices Ris + Soundreserve eves unde
Slide 13: Securities Portfolio
|Securities Portfolio Overview + Alofthe Inestment secures portfolo categorized as available for sale ‘i + AIMBS and CMOs are US. government agency issued + All municipal securities are investment grade, majority ‘wth credit enhancements +The duration ofthe avaliable forsale securities portfolo Is @
Slide 14: Deposit Trends
| Deposit Trends Overview Customer Deposit Composition (in milions) ‘We are proud to say our bank is bul on core deposits as0 Total customer deposits: $4.3 billon Noninterest bearing stood at 230% of customer deposits so%0 P Customer Deposit Composition tn milons) 4000 0 nea sons Ea ad a wos sevinmr
Slide 15: Liquidity
| Liquidity Farmers National Banc Corp. has the following sources of liquidity at the holding company as of June 30, 2025 + $32.5 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 March 3
Slide 16: Net Interest Income and NIM Trends
|Net Interest Income and NIM Trends Net Interest Income (in thousands) Overview ; Eocepaencceemneeiaa, = + Managing cost funds and depos betas trogh rg ate ee po aed tame ai Net Interest Margin (annualized) Loans to Deposits EARMERS | NATIONAL BANG CORP,
Slide 17: Noninterest Income Trends
|Noninterest Income Trends Overview Total Noninterest Income* (in thousands) Robust Trust Wealth Management and insurance businesses Diverse revenue sources Working to increase noninterestincome to total revenue Noninterest Income to Total Revenue* ois a r] Components of Noninterest Income* (in thou
Slide 18: Noninterest Expense Trends
|Noninterest Expense Trends Overview Noninterest Expense to Average Assets overl focus on rivig eficencles 217% ‘The Company has numberof process improvement projects ams Unceway, = am ‘Track ecordof paient expense management | co | Noninterest Expense iin shousands)®) Efficiency Ratio” soe wm BR sa
Slide 19: Capital
| Capital Overview Tangible Equity to Tangible Assets All regulatory cpa ratios above wel-<opitolzed threshold “Announced 100,000 share repurchase program in Q1 2023 + strong dividend payout Total Risk Based Capital Ee eres TE fing eg ea sac Tp es Less renzee Gans ese) Tier 1 Leverage Ratio EARMERS
Slide 20: Appendix - Non GAAP Reconciliations
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Slide 21: Appendix - Non GAAP Reconciliations
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