Last $8.27 USD
Change Today +0.01 / 0.12%
Volume 6.4K
FMNB On Other Exchanges
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NASDAQ CM
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

farmers natl banc corp (FMNB) Key Developments

Farmers National Banc Corp. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Farmers National Banc Corp. announced earnings results for the third quarter and nine months ended September 30, 2014. The company posted USD 2.3 million or USD 0.12 per diluted share of third quarter of 2014 net income, which compares favourably to USD 1.6 million, or USD 0.09 per diluted share for third quarter of 2013. Net income for the nine months ended September 30, 2014 was USD 6.8 million, a 24.3% increase compared to USD 5.5 million for the same period in 2013.

Farmers National Banc Corp. Declares Cash Dividend, Payable on December 31, 2014

On November 25, 2014 the board of directors of the Farmers National Banc Corp. declared a cash dividend of $0.03 per share. The common stock cash dividend will have a record date of December 12, 2014 and is payable to shareholders on December 31, 2014.

Farmers National Banc Corp. Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year of 2014

Farmers National Banc Corp. reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. Net income for the three months ended September 30, 2014 was $2.3 million or $0.12 basic and diluted per share, which compares favorably to $1.6 million or $0.09 basic and diluted per share for the third quarter ended September 30, 2013. Total interest income was $10.413 million against $10.122 million a year ago. Net interest income was $9.285 million against $8.848 million a year ago. Income before income taxes was $2.964 million against $1.755 million a year ago. Return on average assets (annualized) was 0.79% against 0.56% a year ago. Return on average equity (annualized) was 7.37% against 5.60% a year ago. Net income for the nine months ended September 30, 2014 was $6.8 million, a 24.3% increase compared to $5.5 million for the same period in 2013. On a basic and diluted per share basis, net income for the nine months ended September 30, 2014 was $0.36, an increase of 24.1% compared to the nine month period ended September 30, 2013. Improvement in net income for the nine months ended September 30, 2014 and the third quarter of 2014 is a result of its continued focus on increasing noninterest income and control of noninterest expenses. Total interest income was $30.594 million against $30.661 million a year ago. Net interest income was $27.093 million against $26.855 million a year ago. Income before income taxes was $8.853 million against $6.527 million a year ago. Return on average assets (annualized) was 0.80% against 0.64% a year ago. Return on average equity (annualized) was 7.61% against 6.26% a year ago. Book value per share was $6.54 as at September 30, 2014 against $5.99 per share as on September 30, 2013. Tangible book value per share was $6.02 as at September 30, 2014 against $5.43 per share as on September 30, 2013. The company provided earnings guidance for the full year of 2014. The company continues to experience increases in noninterest income and growth in its loan portfolio which has resulted in higher total revenue. The company looks forward to the ensuing quarters as the economic outlook improves. The company also continues its discipline of closely monitoring levels of non-interest expense while growing non-interest revenues.

Farmers National Banc Corp. Declares Cash Dividend, Payable on September 30, 2014

On August 26, 2014 the Board of Directors of the Farmers National Banc Corp. declared cash dividend of $0.03 per share. The common stock cash dividend will have a record date of September 12, 2014 and is payable to shareholders on September 30, 2014.

Farmers National Banc Corp. Presents at CFA Society Cleveland Midwest Investment Conference, Nov-18-2014 01:15 PM

Farmers National Banc Corp. Presents at CFA Society Cleveland Midwest Investment Conference, Nov-18-2014 01:15 PM. Venue: Cleveland Convention Center, Cleveland, Ohio, United States. Speakers: Carl D. Culp, Executive Vice President, Treasurer and Secretary, Kevin J. Helmick, Chief Executive Officer, President, Director, Chief Executive Officer of Farmers National Bank of Canfield and President of Farmers National Bank of Canfield.

 

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