NASDAQ$FMNB

Farmers National Banc Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Farmers National Banc Corp. reported solid second quarter results, marked by loan portfolio growth.

Farmers National Banc Corp. reported a net income of $16.0 million for the second quarter of 2022, compared to $15.6 million for the same period in 2021. Diluted earnings per share were $0.47 for the second quarter of 2022, versus $0.55 for the second quarter of 2021. The company saw loan growth of $89.6 million for the quarter excluding PPP loans.

  • Earnings per diluted share of $0.47 ($0.49 excluding certain items, non-GAAP) for the second quarter of 2022
  • Loan growth of $89.6 million for the quarter excluding PPP loans, or 15.7% on an annualized basis
  • Efficiency ratio, (excluding certain items, non-GAAP), of 48.5% for the second quarter of 2022
  • Return on average assets, (excluding certain items, non-GAAP), was 1.59% for the second quarter of 2022

Headline financials

Total Revenue

$41.2M

Previous: $36.4M+13.3%
EPS (adj)

$0.49

Previous: $0.55-10.9%
Capital Expenditures

-$1.87M

Previous: -$122K-1434.4%
Free Cash Flow

$14.1M

Previous: $15.5M-8.9%
Net Income

$16M

Previous: $15.6M+2.4%
Operating Income

$34.1M

Previous: $31.1M+9.5%
Gross Profit

$40.6M

Previous: $36.3M+11.9%
Cash & Equivalents

$21.1M

Previous: $24.2M-12.7%
Total Assets

$4.11B

Previous: $3.26B+26.2%
Stock-Based Comp

$438K

Previous: $257K+70.4%

Revenue & EPS history

Farmers National · Revenue · Quarterly

$41.2M

Q2 2022+13.3%vs Q2 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

This earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about Farmers’ financial condition, results of operations, asset quality trends and profitability.

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 Q2 2022

Historical avgQ2 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

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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