NASDAQ$FMNB

Farmers National Banc Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Farmers National managed the COVID-19 pandemic's impact and maintained strong financial performance.

Farmers National reported solid first-quarter performance, demonstrating resilience amidst the COVID-19 pandemic. The company focused on supporting customers and communities while ensuring the health and well-being of its stakeholders. Their responsiveness to the Paycheck Protection Program was particularly noteworthy.

  • Farmers National team remained actively engaged and focused on helping customers during the first quarter.
  • The company's first-quarter numbers reflected a legacy of strong and consistent financial performance.
  • Farmers National balanced the needs of customers and communities with the health and well-being of employees, customers, and vendors.
  • The company focused on processing Payroll Protection Program (PPP) applications/SBA Loans for local small businesses.

Headline financials

Total Revenue

$30M

Previous: $26.5M+13.3%
EPS (adj)

$0.34

Previous: $0.30+13.3%
Capital Expenditures

-$2.28M

Previous: -$466K-389.1%
Free Cash Flow

$6.36M

Previous: $7.92M-19.7%
Net Income

$8.64M

Previous: $8.39M+3.0%
Operating Income

$20.2M

Previous: $18.5M+9.2%
Gross Profit

$28.9M

Previous: $26.5M+9.2%
Cash & Equivalents

$30.9M

Previous: $20.9M+48.3%
Total Assets

$2.67B

Previous: $2.36B+13.2%
Stock-Based Comp

$337K

Previous: $320K+5.3%

Revenue & EPS history

Farmers National · Revenue · Quarterly

$30M

Q1 2020+13.3%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Farmers National aims to emerge from the challenges of the current crisis as a stronger organization, building on its experience from the 2008-09 financial crisis.

Tailwinds

  • The company has learned it is agile and can be great even when working remotely.
  • Farmers has further proof that it has a model for managing through difficult times.
  • The Farmers team responded to the federal government’s Paycheck Protection Program remarkably.
  • The company believes its nimble response will position Farmers as having led the way among community banks.
  • Farmers intends to protect its market share by communicating the value it provides to its customers and communities.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.0%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+1.8%

Avg return

30 days after

50%

33 / 66 earnings

Positive

+8.6%

Q2 2024

Best reaction

-9.3%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%+3.3%+3.1%
Q4 2025-6.2%-4.2%-4.9%
Q3 2025-4.7%-3.7%-4.6%
Q2 2025-1.0%-2.6%+1.7%
Q1 2025+2.7%+5.1%+13.2%
Q4 2024+2.6%+0.1%+5.7%
Q3 2024-7.1%-5.4%+5.8%
Q2 2024+8.6%+4.9%+2.5%
Q1 2024-3.7%-5.1%-2.1%
Q4 2023+3.9%+4.0%+0.0%
Q3 2023+4.1%+5.0%+18.5%
Q2 2023-1.4%-0.6%-8.7%
Q1 2023+3.4%+8.2%+10.1%
Q4 2022-8.2%-4.0%-0.3%
Q3 2022-2.5%-0.1%+10.4%
Q2 2022-9.3%-8.4%-7.0%
Q1 2022-1.2%-0.4%-0.4%
Q4 2021-3.8%-4.5%-5.1%
Q3 2021+4.6%-0.7%-1.9%
Q2 2021-0.8%-0.3%+3.6%
Q1 2021+2.2%+0.0%+5.7%
Q4 2020+3.3%+3.1%+3.7%
Q3 2020+1.5%-4.4%+12.2%
Q2 2020-0.5%-0.3%+5.3%
Q1 2020-3.1%-13.2%-5.2%
Q4 2019+1.1%+1.1%-5.2%
Q3 2019-1.0%-0.5%+2.2%
Q2 2019-0.6%+0.8%-7.7%
Q1 2019+2.0%+4.8%+2.6%
Q4 2018+0.2%+3.7%+15.1%
Q3 2018-0.1%-4.9%-3.5%
Q2 2018+1.2%+3.4%-2.5%
Q1 2018+2.4%+3.8%+9.3%
Q4 2017-2.3%-8.8%-8.2%
Q3 2017+2.3%-5.5%-8.1%
Q2 2017-4.7%-6.8%-8.8%
Q1 2017+3.8%+6.4%+2.3%
Q4 2016+1.5%-8.6%+4.1%
Q3 2016+1.0%+0.9%+12.3%
Q2 2016+2.8%+9.4%+7.9%
Q1 2016-0.1%
Q4 2015-0.1%
Q3 2015+0.0%
Q2 2015+1.1%
Q1 2015-1.9%
Q4 2014+0.3%
Q3 2014-1.1%
Q2 2014+1.4%
Q1 2014-1.7%
Q4 2013+3.9%
Q3 2013-0.3%
Q2 2013+1.0%
Q1 2013-2.1%
Q4 2011+0.0%
Q4 2012+2.1%
Q3 2012+0.0%
Q2 2012-4.1%
Q1 2012-1.2%
Q4 2009+1.9%
Q3 2011+1.9%
Q4 2010+0.9%
Q2 2011+0.9%
Q1 2011+1.0%
Q3 2010+1.4%
Q2 2010+0.0%
Q1 2010+0.2%

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