Farmers National Banc Corp. Reports Results for Third Quarter of 2026
Farmers National Banc reported Q3 2026 net income of $14.5 million, or $0.25 per diluted share, down from $12.5 million and $0.33 a year ago, dragged by a $10.3 million securities restructuring loss and $6.1 million of Middlefield acquisition and core conversion costs. Adjusted (non-GAAP) net income was $28.0 million, or $0.47 per share, up from $0.42, with net interest margin expanding to 3.54% from 3.00% a year ago and loans growing 6.6% annualized post the $1.82 billion Middlefield acquisition. Management said the transformation initiatives are largely complete and financial benefits should begin accruing in Q4 2026, guiding NIM to 3.43%-3.46%.
Key figures
- Eps
- 0.25
- Revenue
- 0
- Guidance
- Q4 2026 net interest margin expected to settle into ~3.43%-3.46%
- Nim
- 3.54%
- Npl ratio
- 0.99%
- Net income
- 14500000
- Total loans
- 4800000000
- Adjusted eps
- 0.47
- Total assets
- 7120000000
- Total deposits
- 5810000000
- Loan growth qoq
- 1.6%
- Efficiency ratio
- 68.0%
- Adjusted net income
- 28000000
- Net interest income
- 57900000
- Nonperforming loans
- 47900000
- Loan growth annualized
- 6.6%
- Merger conversion costs
- 6100000
- Adjusted efficiency ratio
- 50.2%
- Provision for credit losses
- 2800000
- Security restructuring loss
- 10300000
AI analysis
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