FARMERS NATIONAL BANC CORP /OH/ (FMNB) Form 8-K — Oct 28, 2026
Farmers National Banc Corp (NASDAQ: FMNB) reported Q3 2026 net income of $14.5 million, or $0.25 per diluted share, versus $12.5 million, or $0.33, a year ago. Adjusted net income, excluding $6.1 million of merger/conversion costs, a $10.3 million securities restructuring loss and severance, was $28.0 million, or $0.47 per diluted share. The quarter was dominated by transformation activity: the Middlefield Banc Corp acquisition integration, a core system conversion to Jack Henry, and a $90.5 million securities restructuring that lifted the yield on sold securities from 1.61% to roughly 5.25% with a 3.1-year payback.
Key figures
- Eps
- 0.25
- Net Income
- 14535000
- Total Debt
- 521646000
- Total Assets
- 7119363000
- Cash Position
- 111919000
- Shares Outstanding
- 59249000
- Loans net
- 4801287000
- Npl ratio
- 0.99%
- CET1 ratio
- 11.98%
- Adjusted eps
- 0.47
- Total deposits
- 5808770000
- Allowance ratio
- 1.10%
- Loan growth qoq
- 1.6%
- Adjusted net income
- 28019000
- Net interest income
- 57942000
- Net interest margin
- 3.54%
- Nonperforming loans
- 47938000
- Q4 2026 nim guidance
- 3.43%-3.46%
- Efficiency ratio gaap
- 68.0%
- Security restructured
- 90500000
- Loan growth annualized
- 6.6%
- Merger conversion costs
- 6106000
- Efficiency ratio adjusted
- 50.2%
- Profitable quarters streak
- 175
- Security restructuring loss
- 10300000
- Tangible book value per share
- 6.93
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