Key Highlights

  • Consensus EPS of 0.39 equals second-quarter diluted EPS of 0.39, which compared with 0.37 a year earlier.
  • Consensus revenue of USD 70.75 million is a figure the estimates table does not tie to a stated reporting basis.
  • Net interest income was USD 56,032 thousand against USD 34,921 thousand, and net income was USD 23,035 thousand.
  • Total deposits were USD 5.83 billion against USD 4.34 billion at year end, with Middlefield adding USD 1.49 billion.

Farmers National Banc (NASDAQ:FMNB) reports third-quarter results on Wednesday, Oct. 28, with the timing not given in the estimates table. Consensus stands at EPS of 0.39 on revenue of USD 70.75 million, and the company has a market capitalization of USD 927.22 million.

Farmers National Banc is a bank holding company that reports banking and trust segments, and its filing describes the Middlefield acquisition. Second-quarter net income was USD 23,035 thousand against USD 13,910 thousand, and diluted EPS was 0.39 against 0.37.

Estimates Against the Last Reported Quarter

The EPS estimate of 0.39 equals the second-quarter diluted EPS of 0.39, which compared with 0.37 a year earlier. The estimates table does not state its EPS basis. The revenue estimate of USD 70.75 million compares with revenues of USD 100,507 thousand and net interest income of USD 56,032 thousand, and the estimates table does not state its revenue basis.

Interest and dividend income was USD 86,094 thousand against USD 57,702 thousand. Basic EPS was 0.39 against 0.37.

What the Filing Gives and What the Sources Leave Open

The sources supplied include no earnings call transcript or published guidance, so there are no management ranges to set against the estimates. The filing carries no third-quarter figures.

The filing states that annualized net charge-offs as a percentage of average loans were 0.30% in the second quarter against 0.07%, and that the increase was associated with the resolution of non-performing loans that carried specific reserves.

Merger Expense, Provision and Noninterest Lines

The filing states that merger expense was USD 1.1 million for the three months and USD 15.6 million for six months, with none in 2025. Noninterest expense was USD 40,874 thousand against USD 27,175 thousand, and noninterest income was USD 14,413 thousand against USD 12,122 thousand.

The provision for credit losses was USD 2,074 thousand against USD 3,586 thousand, and income before income taxes was USD 27,134 thousand against USD 16,320 thousand.

Middlefield, Loans and Deposits

Total loans were USD 4,763,876 thousand against USD 3,293,544 thousand at year end, and the allowance for credit losses was USD 53,285 thousand against USD 36,811 thousand. The Middlefield acquisition recorded goodwill of USD 103,932 thousand and net assets acquired of USD 173,431 thousand.

Deposits grew USD 1.49 billion, including an increase of USD 215.7 million in public funds, and Middlefield added USD 1.49 billion in deposits. Net income was USD 23,035 thousand against USD 13,910 thousand, and revenues were USD 100,507 thousand against USD 69,824 thousand. Total operating expenses were USD 73,373 thousand. The estimates table lists a market capitalization of USD 927.22 million.

Items to Track in the Report

Reported EPS against 0.39 and revenue against USD 70.75 million are the headline comparisons. Other markers are net charge-offs, merger expense and deposit balances.