NASDAQ$FMNB
Farmers National Banc Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Farmers National Banc Corp. reported first quarter results, which included completed systems integration with Cortland Bancorp and continued profitability.
Farmers National Banc Corp. announced a net income of $15.8 million, or $0.47 per diluted share, for the first quarter of 2022. The results included several one-time items, such as merger-related costs and a legal settlement. The company also announced an agreement to merge with Emclaire Financial Corp.
- Earnings per diluted share were $0.47 ($0.51 excluding certain items, non-GAAP).
- Completed the systems integration with previously acquired Cortland Bancorp.
- Efficiency ratio, (excluding one-time items, non-GAAP), was 48.2%.
- Return on average assets, (excluding certain items, non-GAAP), was 1.65%.
Headline financials
Revenue & EPS history
Farmers National · Revenue · Quarterly
$48.9M
Forward guidance
Farmers National Banc Corp. anticipates strong loan pipelines entering the second quarter and expects to hit mid-single digit loan growth for fiscal year 2022.
Tailwinds
- Strong loan pipelines entering the second quarter.
- Opportunity to effectively manage balance sheet and expense levels.
- Expansion of fee based businesses.
- Acquisition of Emclaire Financial Corp. opens up growth opportunities in Pennsylvania, including the attractive Pittsburgh markets.
- Continued commitment to the communities
Headwinds
- Increasingly volatile economic landscape.
- Loss of some commercial loan originators hurt results in the first quarter.
- Volatility in the bond market is expected to continue in 2022, which may result in increased volatility in the fair value of the Company’s available for sale securities.
- Potential impacts from the COVID-19 pandemic on local, national and global economic conditions.
- Unexpected changes in interest rates or disruptions in the mortgage markets related to COVID-19 or other responses to the health crisis.
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 2022
-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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro