NASDAQ$FMNB
Farmers National Banc Corp · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Reported solid earnings with improved net interest margin.
Farmers National Banc Corp. reported a net income of $14.4 million, or $0.38 per diluted share, for the quarter ended December 31, 2024. The net interest margin improved from 2.66% in Q3 2024 to 2.72% in Q4 2024. The company completed the acquisition of Crest Retirement Advisors LLC.
- Net income was $14.4 million, or $0.38 per diluted share.
- Net interest margin improved to 2.72% from 2.66% in the previous quarter.
- Efficiency ratio declined to 56.4%.
- Completed the acquisition of Crest Retirement Advisors LLC.
Headline financials
Revenue & EPS history
Farmers National · Revenue · Quarterly
$44.2M
Forward guidance
Farmers National Banc Corp. believes it is well-positioned to grow earnings in 2025, with an expected expansion of the net interest margin as funding costs reprice lower.
Tailwinds
- Farmers is very well positioned to grow earnings in 2025.
- Net interest margin will continue to expand in 2025 as funding costs reprice lower.
- SBIC investments continue to generate solid returns.
- Acquisition of Crest Retirement Advisors LLC is expected to further bolster the retirement plan consulting unit in 2025.
- The Company expects that a single non-performing loan with a balance of $1.2 million will be paid off in the first quarter of 2025 and two other non-performing loans totaling $1.6 million will be sold in the first quarter of 2025 at par.
Headwinds
- Volatility in the bond market is expected to continue in 2025.
- Gross unrealized losses on the portfolio totaled $244.1 million at December 31, 2024.
- Non-performing loans increased to $22.8 million at December 31, 2024.
- Other noninterest income declined to $856,000 in the fourth quarter of 2024 from $1.6 million in the fourth quarter of 2023.
- Total stockholders’ equity declined to $406.0 million at December 31, 2024.
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 Q4 2024
-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% | — | — |
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