Farmers National Banc Corp (NASDAQ: FMNB) is a community banking company that operates through its national banking subsidiary, The Farmers National Bank of Canfield, providing lending, deposit, trust, insurance, and investment services. Revenue comes primarily from net interest income on loans and securities, supplemented by noninterest income streams including trust fees, insurance agency commissions, service charges on deposit accounts, retirement plan consulting fees, and investment commissions. As of FY2025, total loans stood at $3.30 billion, with commercial real estate the largest segment at 42.2% of the portfolio ($1.40 billion), followed by residential real estate at 31.3% ($1.03 billion), commercial at 10.3% ($341.7 million), consumer at 8.1% ($266.7 million), and agricultural at 8.1% ($266.3 million). Total deposits were $4.41 billion in FY2025. On March 2, 2026, FMNB completed an all-stock merger with Middlefield Banc Corp., with The Middlefield Banking Company merged into Farmers Bank as the surviving entity.

Revenue model

Net interest income from loans and investment securities is the primary revenue driver, spread across commercial real estate, residential real estate, commercial, consumer, and agricultural loan categories. Noninterest income includes trust fees, insurance agency commissions, service charges on deposit accounts, bank owned life insurance income, retirement plan consulting fees, investment commissions, and net gains on loans sold.

Products and services

Commercial real estate loans, residential real estate loans, commercial loans, consumer loans, agricultural loans, noninterest-bearing demand deposits, interest-bearing demand deposits, money market accounts, savings accounts, certificates of deposit, brokered time deposits, trust services, insurance agency services, retirement plan consulting, investment brokerage, and bank owned life insurance.

Customers and end markets

Retail and commercial customers in community banking markets, including commercial real estate borrowers, residential mortgage borrowers, agricultural borrowers, individual consumers, and small to mid-size businesses. Trust and retirement plan consulting services target individuals and institutional clients.

Value-chain role

Community bank and financial intermediary. Accepts deposits from retail and commercial customers and deploys capital into loans and investment securities. Also acts as agent for insurance and investment products and as a fiduciary for trust and retirement plan accounts.

Geographic exposure

Ohio-based community bank. The Farmers National Bank of Canfield is headquartered in Canfield, Ohio. The March 2026 acquisition of Middlefield Banc Corp. expanded the Ohio footprint through The Middlefield Banking Company.

Competitors

Other commercial banks, Savings and loan associations, Credit unions, Mortgage banks, Securities dealers and brokers, Investment advisors, Finance and insurance companies

Source: SEC 10-K, filed 2026-03-05

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