Farmers National Banc Corp Oh (FMNB)
NASDAQ:FMNB
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Farmers National Banc Oh
(NASDAQ:FMNB)
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Rating:67Neutral
Price Target:
$15.00
▲(7.99% Upside)
Action:ReiteratedDate:03/18/26
FMNB’s score is driven by sound fundamentals (improving margins, healthier leverage trend, and strong 2025 free cash flow) and supportive valuation (low P/E and high dividend yield). These positives are tempered by weak technicals (price below key moving averages with negative MACD) and some execution/dilution risk tied to the pending merger and share authorization.
Positive Factors
Improving Profitability
The year-over-year net margin improvement reflects better core earnings mix and expense control, indicating more durable earnings power. Higher margins bolster the bank’s ability to absorb credit volatility, support dividend capacity and fund strategic initiatives over the next several quarters.
Negative Factors
Revenue Pressure
After multi-year growth since 2020, a 2025 revenue dip signals emerging growth headwinds in lending or fee income. Persisting revenue softness could constrain reinvestment, slow balance-sheet expansion and force greater dependence on cost cuts or acquisitions to sustain EPS growth over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
The year-over-year net margin improvement reflects better core earnings mix and expense control, indicating more durable earnings power. Higher margins bolster the bank’s ability to absorb credit volatility, support dividend capacity and fund strategic initiatives over the next several quarters.
Read all positive factors
Farmers National Banc Oh (FMNB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$823.99M
Dividend Yield4.95%
Average Volume (3M)445.21K
Price to Earnings (P/E)9.2
Beta (1Y)0.73
Revenue Growth3.93%
EPS Growth17.48%
CountryUS
Employees682
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.39
Shares Outstanding59,322,773
10 Day Avg. Volume300,677
30 Day Avg. Volume445,213
Financial Highlights & Ratios
PEG Ratio0.49
Price to Book (P/B)1.03
Price to Sales (P/S)1.84
P/FCF Ratio9.61
Enterprise Value/Market Cap1.06
Enterprise Value/Revenue3.13
Enterprise Value/Gross Profit4.85
Enterprise Value/Ebitda12.42
Forecast
1Y Price Target
$14.67Price Target Upside5.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.48
Revenue Forecast (FY)$267.49M
Farmers National Banc Oh Business Overview & Revenue Model
Company Description
Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. It offers commercial and retail banking services, including checking, savings, and tim...
How the Company Makes Money
FMNB primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is generated by earning interest on loans and other interest-earning assets (such as investment securities) and paying interest on funding s...
Farmers National Banc Oh Key Performance Indicators (KPIs)
Farmers National Banc Oh Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
67
Positive
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 271.83M | 269.45M | 255.20M | 177.91M | 154.65M |
| Gross Profit | 173.41M | 162.12M | 170.49M | 158.87M | 141.29M |
| EBITDA | 65.05M | 61.83M | 66.03M | 77.73M | 65.65M |
| Net Income | 54.59M | 45.95M | 49.93M | 60.60M | 51.84M |
Balance Sheet | |||||
| Total Assets | 5.25B | 5.12B | 5.08B | 4.08B | 4.14B |
| Cash, Cash Equivalents and Short-Term Investments | 1.36B | 651.92M | 1.33B | 1.29B | 1.46B |
| Total Debt | 367.73M | 391.15M | 443.66M | 183.21M | 87.76M |
| Total Liabilities | 4.76B | 4.71B | 4.67B | 3.79B | 3.67B |
| Stockholders Equity | 485.73M | 406.03M | 404.42M | 292.30M | 472.43M |
Cash Flow | |||||
| Free Cash Flow | 52.18M | 54.92M | 59.05M | 78.94M | 53.56M |
| Operating Cash Flow | 60.04M | 66.61M | 62.93M | 81.50M | 54.93M |
| Investing Cash Flow | -78.85M | -95.13M | 77.94M | -205.51M | -423.61M |
| Financing Cash Flow | 25.43M | 10.59M | -112.76M | 86.77M | 226.85M |
Farmers National Banc Oh Technical Analysis
Positive
13.89
Price Trends
13.06
Positive
13.23
Positive
13.44
Positive
Market Momentum
0.24
Negative
70.98
Negative
89.10
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FMNB, the sentiment is Positive. The current price of 13.89 is above the 20-day moving average (MA) of 13.06, above the 50-day MA of 13.06, and above the 200-day MA of 13.44, indicating a bullish trend. The MACD of 0.24 indicates Negative momentum. The RSI at 70.98 is Negative, neither overbought nor oversold. The STOCH value of 89.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FMNB.
Farmers National Banc Oh Risk Analysis
Farmers National Banc Oh disclosed 36 risk factors in its most recent earnings report. Farmers National Banc Oh reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Farmers National Banc Oh Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $679.54M | 7.91 | 13.12% | ― | 9.12% | 45.83% | |
70 Outperform | $516.80M | 8.13 | 14.79% | 1.53% | 24.90% | 28.06% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $823.99M | 9.18 | 12.01% | 4.95% | 3.93% | 17.48% | |
66 Neutral | $668.54M | 8.37 | -4.98% | 3.89% | -28.00% | -174.60% | |
62 Neutral | $594.17M | 9.70 | 11.36% | ― | 61.29% | ― |
* Financial Sector Average
FMNB
Farmers National Banc Oh
13.89
2.49
21.79%
FISI
Financial Institutions
34.05
13.10
62.56%
BCAL
California BanCorp
18.38
6.25
51.58%
CBNK
Capital Bancorp
31.57
5.47
20.96%
TCBX
Third Coast Bancshares
41.22
13.18
47.00%
Farmers National Banc Oh Corporate Events
Business Operations and StrategyExecutive/Board Changes
Farmers National Banc Hires New Chief Banking Officer
Positive
Mar 17, 2026
On March 17, 2026, Farmers National Banc Corp. announced that it had hired Todd J. Simko as Senior Executive Vice President and Chief Banking Officer, effective March 16, 2026, bringing more than 25 years of banking leadership experience from role...
Business Operations and StrategyM&A TransactionsShareholder Meetings
Farmers National Banc Shareholders Approve Share Increase, Merger
Positive
Feb 10, 2026
On February 10, 2026, Farmers National Banc Corp. shareholders approved an amendment to increase the company’s authorized common shares from 50 million to 75 million, clearing the way for additional equity issuance. At the same special meeti...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Farmers National Banc gains approvals for Middlefield merger
Positive
Feb 5, 2026
On February 5, 2026, Farmers National Banc Corp. and Middlefield Banc Corp. announced they had secured all necessary regulatory approvals to complete the planned merger of Middlefield into Farmers, along with the consolidation of Middlefield Banki...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Farmers National Banc posts solid Q4 results, eyes merger
Positive
Jan 28, 2026
On January 28, 2026, Farmers National Banc Corp. reported fourth-quarter 2025 net income of $14.6 million, or $0.39 per diluted share, up slightly from a year earlier, with adjusted earnings of $15.1 million, or $0.40 per share, after excluding me...
Business Operations and StrategyM&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
Farmers National Banc Urges Shareholder Support for Merger
Positive
Jan 13, 2026
On January 13, 2026, Farmers National Banc Corp. urged its shareholders to vote in favor of its previously announced merger with Middlefield Banc Corp. ahead of a virtual special meeting set for February 10, 2026. The company’s board reitera...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.