Farmers National Banc Oh (FMNB) AI Stock Analysis

• Market Cap: $495.01M
• Dividend Yield: 5.17%
• Average Volume (3M): 97.01K
• Price to Earnings (P/E): 10.7
• Beta (1Y): 1.08
• Revenue Growth: 5.55%
• EPS Growth: -7.98%
• Country: US
• Employees: 682
• Sector: Financial
• Sector Strength: 80
• Industry: Banks - Regional
• EPS (TTM): 1.22
• Shares Outstanding: 37,614,635
• 10 Day Avg. Volume: 127,105
• 30 Day Avg. Volume: 97,014
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 3.01
• Price to Cash Flow (P/CF): 9.20
• P/FCF Ratio: 3.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $16.00
• Price Target Upside: 21.95% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

Farmers National Banc Oh shows strong revenue growth and effective cash flow management, but its profitability margins are under pressure. The stock's valuation is attractive, offering a good income yield, and recent strategic expansions are promising. However, technical indicators suggest limited short-term momentum. Overall, the stock is well-positioned with potential for growth, yet attention to operational efficiency is necessary to enhance profitability.

Farmers National Banc Oh Business Overview & Revenue Model

Company Description

Farmers National Banc Corp (FMNB) is a financial holding company headquartered in Canfield, Ohio. It operates primarily through its wholly-owned subsidiaries, Farmers National Bank and Farmers Trust Company. The company offers a broad range of banking services including retail and commercial banking, investment services, and trust management. FMNB serves both individual and business clients across a variety of sectors, focusing on providing personalized financial solutions.

How the Company Makes Money

Farmers National Banc Corp generates revenue primarily through interest income derived from its lending activities, which include personal loans, commercial loans, and mortgage loans. Additionally, the company earns non-interest income through service charges on deposit accounts, investment advisory fees, and trust and wealth management services. Key revenue streams include interest from loans and securities, fees from financial services, and earnings from investment products. Partnerships with financial service providers and a strong regional presence contribute to the company's earnings stability and growth.

Farmers National Banc Oh Financial Statement Overview

Summary

Farmers National Banc Oh is experiencing robust revenue growth, but profitability margins are under pressure due to rising operating costs. The balance sheet displays moderate leverage, with a stable yet low equity ratio, suggesting increased financial risk. Cash flow generation is strong, reflecting effective financial management. Overall, the company is well-positioned but should focus on improving operational efficiency to enhance profitability.

Income Statement

Farmers National Banc Oh has shown steady revenue growth over the past years, with an impressive 33.6% increase from 2023 to 2024. The gross profit margin is consistent due to the banking industry structure, where Gross Profit equals Total Revenue. However, a significant drop in EBIT margin from 53.7% in 2023 to 2.1% in 2024 suggests increased operating expenses. The net profit margin of 20.2% for 2024 reflects profitability but is slightly down from 29.3% in 2023, indicating pressure on bottom-line margins.

Balance Sheet

The company maintains a solid equity base with a debt-to-equity ratio of 0.75 in 2024, reflecting moderate leverage. The return on equity (ROE) decreased to 11.3% from 12.3% in 2023, suggesting a slight decline in efficiency. The equity ratio is stable at 7.9%, indicating a healthy balance between debt and equity financing. However, a relatively low equity ratio could imply higher financial risk.

Cash Flow

Operating cash flow to net income ratio is strong at 1.45, indicating good cash-generating efficiency. Free cash flow increased by 14% from 2023 to 2024, demonstrating solid cash flow management. Furthermore, the free cash flow to net income ratio of 1.45 signifies that the company effectively converts its profits into cash, supporting potential reinvestment or shareholder returns.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
170.08M	170.49M	158.87M	141.29M	123.25M
	Gross Profit
227.73M	170.49M	158.87M	141.29M	123.25M
	EBIT
4.75M	91.54M	93.68M	62.11M	50.27M
	EBITDA
0.00	66.03M	77.73M	65.65M	53.39M
	Net Income Common Stockholders
45.95M	49.93M	60.60M	51.84M	41.88M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.29B	103.66M	1.29B	1.54B	830.22M
	Total Assets
5.12B	5.08B	4.08B	4.14B	3.07B
	Total Debt
305.00M	443.66M	183.21M	87.76M	78.91M
	Net Debt
284.57M	414.77M	107.66M	-25.03M	-175.72M
	Total Liabilities
4.71B	4.67B	3.79B	87.76M	2.72B
	Stockholders Equity
406.03M	404.42M	292.30M	472.43M	350.10M
Cash Flow		Free Cash Flow
66.61M	58.43M	78.18M	53.56M	46.31M
	Operating Cash Flow
66.61M	62.31M	83.69M	54.93M	50.01M
	Investing Cash Flow
-95.13M	77.94M	-208.45M	-423.61M	-160.83M
	Financing Cash Flow
10.59M	-112.14M	87.53M	226.85M	294.68M

Farmers National Banc Oh Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FMNB, the sentiment is Negative. The current price of 13.12 is below the 20-day moving average (MA) of 13.14, below the 50-day MA of 13.59, and below the 200-day MA of 13.91, indicating a bearish trend. The MACD of -0.18 indicates Negative momentum. The RSI at 46.19 is Neutral, neither overbought nor oversold. The STOCH value of 28.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FMNB.

Farmers National Banc Oh Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HTB	77 Outperform	$600.47M	10.69	10.32%	1.34%	11.01%	8.09%
SRCE	75 Outperform	$1.47B	11.05	12.51%	2.37%	12.26%	7.48%
FMNB	71 Outperform	$495.01M	10.74	11.34%	5.17%	5.55%	-7.98%
UVSP	68 Neutral	$822.49M	10.98	8.80%	2.92%	11.77%	7.54%
CCNE	67 Neutral	$466.81M	9.32	9.17%	3.21%	11.48%	-6.49%
Sector *	63 Neutral	$14.39B	9.81	8.95%	4.37%	16.38%	-11.64%
FULT	62 Neutral	$3.24B	11.33	9.69%	3.87%	21.10%	-4.20%

Farmers National Banc Oh Corporate Events

Farmers National Banc Oh Announces Executive Retirement

On February 26, 2025, Farmers National Banc Corp. announced the retirement of Timothy F. Shaffer, effective April 16, 2025. Mr. Shaffer, who held the roles of Senior Executive Vice President, Chief Banking Officer, and Chief Credit Officer, was appointed Chief Banking Officer on January 15, 2025, as part of the company’s succession planning and search for a new Chief Credit Officer.

Farmers National Banc Corp Reports Strong Q4 2024 Performance

Farmers National Banc Corp. reported solid financial performance for the fourth quarter of 2024, with net income of $14.4 million and an improved net interest margin. The company highlighted its 168 consecutive quarters of profitability and strategic expansion into the Columbus market with the acquisition of Crest Retirement Advisors LLC, which contributed to a rise in wealth management assets. Despite challenges such as increased non-performing loans and unrealized losses on investment securities, Farmers continues to exhibit strong fee-based business growth and anticipates further earnings growth in 2025.