Farmers National Banc Corp. · NASDAQ:FMNB
Farmers National Banc — Q1 2026 Earnings Presentation
20 slides from Farmers National Banc's earnings presentation, Apr 22, 2026
Slide 1: Q1 2026 Investor Presentation
FARMERS NATIONAL BANC CORP. Q1 2026 Investor Presentation NASDAQ: FMINB
Slide 2: Disclosure Statement
| Disclosure Statement Forward-Looking Statements ‘This presentation contain forwardlooking statement within the meaning of the Private Secures Lidgation Reform Act of 1995, ineuding statements about the financial condition resuls of operations asset quality trends and profitably of Farmers National
Slide 3: About Farmers National Banc Corp.
|About Farmers National Banc Corp. + $7.2bilion in banking assets + $4.9 billion in wealth management assets under + $0.68 (4.9%) annualized dividend yield* + Founded in 1887 + 173 consecutive quarters of profitability ‘Strong and diverse franchise currently operating. + 83 banking locations through
Slide 4: Local, Established & Experienced Leadership Team
Local, Established & Experienced Leadership Team Kevin Helmick (54) Todd: Training Farmers Academy use leadership/management ining pro (ohio Bankers League Bank Management Schoo! Talent Acquis Comprehensive recrutment Robust Succession Planning + Multilayered approac + Executive succession planning
Slide 5: Farmers Strategic Vision
| Farmers Strategic Vision Leveraging our History with Moder Banking Technologies to Support our Future Invest in our Franchise + Leverage technology + Drive efficiencies through Six Sigma operating framework + Strive to be customer centric and provide exceptional experiences + Assure Farmers isthe
Slide 6: Proven Acquisition History and Strategy
Proven Acquisition History and Strategy Long-term strategy of value-enhancing acquisitions e000 Eight acquistions inthe ast nine years iii 7000 Target franchises with similar culture, 6000 ‘compeling reputation, and strong customer base — Focus on businesses that support cross coo sell opportunities
Slide 7: Financial Performance
FARMERS NATIONAL BANC CORP. Financial Performance NASDAQ: FMINB
Slide 8: Balance Sheet Strengths
| Balance Sheet Strengths 3/31/26 12/3125 123124 Customer Deposits* $5.9 billion $4.3 billion $4.2 billion Cash Balances $186.1 million $92.4 million $85.7 million Loan-to-Deposit Ratio 81.1% 76.1% 76.6% Allowance to Loans 1.14% 1.11% 1.10% Total Risk-based Capital Ratio 14.7%** 15.3% 14.6% =n CARME
Slide 9: Core Results
Core Results Overview ‘Core €S remains strong through challenging environments Robust fee businesses provide stabilty Core Return on Assets | I [ i eres ence the ptt of cason ltd proven ang tera. See Non GAA contion append Core Net Income se3398 65000 9008 5.000 Hass 145.000 | Core EPS 0 sus 150 | a
Slide 10: Loan Portfolio Overview
{Loan Portfolio Overview Overview Total loans $4.8bilion Diverse loan mix Farmers practice sto lend primarily within its market area Total Loans (in millions) Net Loans to Assets = ™ = - oe = | | | | paced ee oe oe oe | | se eee CRE CRI mAgrcutural Residential Mortgage fm Consumer FARMERS | » NATION
Slide 11: CRE
|CRE overview CRE Breakdown Wel dversied portfolio as = + strongeredt cure Mutter wc 0% Independent loan review Lae wean occupied 51% CRE Categories Loans by Industry Type ategory Balance of CRE of Port etal S$ NGA 16%, 7% Warehouse/Industial §—232623 11% 3% Office $ 194707 9% 4% ‘Multifamily $0782
Slide 12: Asset Quality Trends
| Asset Quality Trends Overview Annualized Net Charge-Offs to Avg. Net Loans Earlystage delinquencies were $14.7 milion, or 0.31% of total loans at March 31,2026, compared to $16.9 millon, or 05136 of total loans at December 31, 2025 + Conservative underwrting practices + Sound reserve levels under
Slide 13: Securities Portfolio
| Securities Portfolio Overview + Allofthe investment securities portfolio categorized as Mos, 12.0% CoFporates, 2.2% Mortgage Backed ‘Securities 37.2% avaliable for sale US. Government, + AIIMBS and CMOs are U.S. government agency issued 64% + All municipal securities ae investment grade, majority
Slide 14: Deposit Trends
| Deposit Trends Overview Customer Deposit Composition (n milions) We are proud to say our bank is bult on core deposits Total customer deposts: $59 billon Noninterest bearing stood at 225% of customer deposits Customer Deposit Composition (in milions) 830 sso $5000 ‘400 ~ | 200 7 | | | il | ssNonim
Slide 15: Liquidity
| Liquidity Farmers National Banc Corp. has the following sources of liquidity at the holding company as of March 31, 2026 + $19.5 million of cash and equivalents Farmers National Bank has the following sources of liquidity as of March 31, 2026: + $1798 million of cash and equivalents, + $7889 milli
Slide 16: Net Interest Income and NIM Trends
Net Interest Income and NIM Trends Overview Net Interest Income in thousands) se. Focused on growing loans to manage net interest margin ee Managing cof nd nd depos bet ough rg ate aed teen eS on ne cas nn = =e Net Interest Margin Loans to Deposits i i [ S | | | | i ‘00% = ARMERS | 1s TIONAL BANC CO
Slide 17: Noninterest Income Trends
Noninterest Income Trends Overview Total No terest Income* (in thousands) + Robust Trust, Wealth Management and insurance businesses 0900 Diverse revenue sources ‘50000 Working to increase noninterest income to total revenue sae. ‘30900 0000 ‘10900 Noninterest Income to Total Revenue* Components of
Slide 18: Noninterest Expense Trends
Noninterest Expense Trends Overview Noninterest Expense to Average Assets + Overall focus on drving efficiencies + The Company has a number of process improvement projects. ae underway. = ‘Track record of prudent expense management r ] wa meant Noninterest Expense (in thousands) ®) Efficiency Ratio“
Slide 19: Capital
| Capital Overview + Allregulatory capita ratios above wel!<opitalzed threshold ‘+ Announced 1.000.000 share repurchase program in Qi 2023 + Strong dividend payout Total Risk Based Capital Tier 1 Leverage Ratio om aoe stsinne FARMERS | 1 TIONAL BANC CORP
Slide 20: Appendix - Non GAAP Reconciliations
ical - Non GAAP Reconciliations hence Tass ems ee eT eat equator rested coatanytencomerson atarax | 3200 | 4386 we) 2a * 30 ‘Regaton rates prov aterax Gan fs 2 Enpoyee severance : a : : edt setenetncone ert em : : Lwsutsetionent coringetieglemense-aterisx 188 G20 E 5 FAL prepayment pestis rx : 2 etn
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