Farmers National Banc Corp /Oh/ - Understand $fmnb stock

$FMNB Market Cap: $592.4 Million

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Financial Snapshot

Revenue

$169.8M

TTM

Gross Margin

Net Earnings

$46.14M

TTM

Current Assets

Current Liabilities

$9.200M

Q3 2024

Current Ratio

Total Assets

$5.237B

Q3 2024

Total Liabilities

$4.797B

Q3 2024

Book Value

$439.7M

Q3 2024

Cash

$189.1M

Q3 2024

P/E

12.84

Nov 29, 2024 EST

Free Cash Flow

$58.08M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Revenue	$213.3M	$142.1M	$116.5M	$112.3M	$102.0M	$91.77M	$80.53M	$72.50M	$53.83M	$40.92M	$40.96M	$43.11M
YoY Change	50.14%	22.01%	3.68%	10.14%	11.14%	13.96%	11.07%	34.69%	31.56%	-0.11%	-4.99%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$213.3M	$142.1M	$116.5M	$112.3M	$102.0M	$91.77M	$80.53M	$72.50M	$53.83M	$40.92M	$40.96M	$43.11M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development				$887.0K	$948.0K	$1.061M	$973.0K	$930.0K	$676.0K
YoY Change				-6.43%	-10.65%	9.04%	4.62%	37.57%
% of Gross Profit
Depreciation & Amortization	$7.327M	$4.899M	$3.540M	$3.120M	$2.840M	$2.990M	$3.140M	$3.670M	$2.750M	$1.980M	$1.950M	$1.740M	$1.650M	$1.710M	$1.530M	$1.080M	$1.040M	$1.020M	$1.090M	$1.110M	$950.0K	$940.0K	$790.0K	$860.0K	$800.0K	$810.0K	$400.0K	$390.0K	$380.0K
YoY Change	49.56%	38.39%	13.46%	9.86%	-5.02%	-4.78%	-14.44%	33.45%	38.89%	1.54%	12.07%	5.45%	-3.51%	11.76%	41.67%	3.85%	1.96%	-6.42%	-1.8%	16.84%	1.06%	18.99%	-8.14%	7.5%	-1.23%	102.5%	2.56%	2.63%
% of Gross Profit
Operating Expenses				$887.0K	$948.0K	$1.061M	$973.0K	$930.0K	$676.0K
YoY Change				-6.43%	-10.65%	9.04%	4.62%	37.57%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	$75.55M	$17.92M	$8.469M	$16.14M	$19.61M	$13.27M	$6.881M	$4.378M	$4.090M	$4.579M	$5.063M	$6.212M
YoY Change	321.59%	111.6%	-47.51%	-17.71%	47.82%	92.78%	57.17%	7.04%	-10.68%	-9.56%	-18.5%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Pretax Income	$58.70M	$72.84M	$62.11M	$50.27M	$43.08M	$38.28M	$33.16M	$28.04M	$10.55M	$11.60M	$9.463M	$12.99M	$11.76M	$11.50M	$6.900M	$6.700M	$7.100M	$10.10M	$10.80M	$9.700M	$13.50M	$11.30M	$10.20M	$8.400M	$8.900M	$7.600M	$6.900M	$6.100M	$5.200M
YoY Change	-19.41%	17.26%	23.56%	16.71%	12.52%	15.45%	18.25%	165.7%	-8.99%	22.55%	-27.13%	10.45%	2.24%	66.67%	2.99%	-5.63%	-29.7%	-6.48%	11.34%	-28.15%	19.47%	10.78%	21.43%	-5.62%	17.11%	10.14%	13.11%	17.31%
Income Tax	$8.766M	$12.24M	$10.27M	$8.396M	$7.315M	$5.714M	$10.45M	$7.485M	$2.499M	$2.632M	$1.683M	$3.055M	$2.500M	$2.500M	$1.100M	$1.000M	$1.200M	$2.000M	$2.700M	$2.500M	$4.000M	$3.300M	$2.900M	$2.600M	$2.700M	$2.300M	$2.200M	$1.900M	$1.700M
% Of Pretax Income	14.93%	16.8%	16.53%	16.7%	16.98%	14.93%	31.51%	26.69%	23.68%	22.7%	17.79%	23.52%	21.26%	21.74%	15.94%	14.93%	16.9%	19.8%	25.0%	25.77%	29.63%	29.2%	28.43%	30.95%	30.34%	30.26%	31.88%	31.15%	32.69%
Net Earnings	$49.93M	$60.60M	$51.84M	$41.88M	$35.76M	$32.57M	$22.71M	$20.56M	$8.055M	$8.965M	$7.780M	$9.932M	$9.200M	$9.000M	$5.800M	$5.700M	$5.900M	$8.100M	$8.100M	$7.200M	$9.500M	$7.900M	$7.300M	$5.700M	$6.200M	$5.300M	$4.700M	$4.100M	$3.600M
YoY Change	-17.6%	16.88%	23.8%	17.1%	9.8%	43.41%	10.48%	155.21%	-10.15%	15.23%	-21.67%	7.96%	2.22%	55.17%	1.75%	-3.39%	-27.16%	0.0%	12.5%	-24.21%	20.25%	8.22%	28.07%	-8.06%	16.98%	12.77%	14.63%	13.89%
Net Earnings / Revenue	23.41%	42.65%	44.52%	37.28%	35.06%	35.49%	28.2%	28.36%	14.96%	21.91%	18.99%	23.04%
Basic Earnings Per Share	$1.34	$1.79	$1.78	$1.48	$1.29	$1.18	$0.82	$0.76	$0.36	$0.48	$0.41	$0.53	$0.50
Diluted Earnings Per Share	$1.33	$1.786M	$1.77	$1.47	$1.28	$1.16	$0.82	$0.76	$0.36	$0.48	$0.41	$0.53	$0.50	$661.8K	$432.8K	$435.1K	$453.8K	$623.1K	$623.1K	$558.1K	$736.4K	$617.2K	$574.8K	$459.7K	$508.2K	$441.7K	$610.4K	$525.6K	$480.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$53.16M	$39.17M	$37.50M	$25.60M	$23.80M	$21.20M	$22.30M	$23.20M	$24.20M	$17.00M	$17.20M	$18.40M	$16.50M	$13.90M	$14.20M	$14.10M	$14.50M	$14.70M	$15.10M	$15.70M	$15.90M	$12.90M	$13.00M	$12.50M	$13.00M	$7.800M	$6.000M	$5.700M	$5.600M
YoY Change	35.72%	4.46%	46.48%	7.56%	12.26%	-4.93%	-3.88%	-4.13%	42.35%	-1.16%	-6.52%	11.52%	18.71%	-2.11%	0.71%	-2.76%	-1.36%	-2.65%	-3.82%	-1.26%	23.26%	-0.77%	4.0%	-3.85%	66.67%	30.0%	5.26%	1.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$5.078B	$4.082B	$4.143B	$3.071B	$2.449B	$2.329B	$2.159B	$1.966B	$1.870B	$1.137B	$1.137B	$1.140B	$1.068B	$982.8M	$1.015B	$880.4M	$798.2M	$821.6M	$827.1M	$817.8M	$812.8M	$748.1M	$656.7M	$626.1M	$603.8M	$401.6M	$368.4M	$338.1M	$314.2M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$9.000M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt		$95.00M	$0.00	$2.500M	$2.100M	$4.800M	$74.60M	$78.50M	$225.8M	$59.10M	$81.60M	$79.90M	$98.10M	$105.6M	$125.9M	$105.4M	$74.20M	$77.80M	$77.00M	$70.90M	$58.00M	$51.10M	$47.40M	$39.10M	$37.40M	$24.50M	$14.70M	$15.70M	$9.800M
YoY Change			-100.0%	19.05%	-56.25%	-93.57%	-4.97%	-65.23%	282.06%	-27.57%	2.13%	-18.55%	-7.1%	-16.12%	19.45%	42.05%	-4.63%	1.04%	8.6%	22.24%	13.5%	7.81%	21.23%	4.55%	52.65%	66.67%	-6.37%	60.2%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$9.000M	$95.00M		$2.500M	$2.100M	$4.800M	$74.60M	$78.50M	$225.8M	$59.10M	$81.60M	$79.90M	$98.10M	$105.6M	$125.9M	$105.4M	$74.20M	$77.80M	$77.00M	$70.90M	$58.00M	$51.10M	$47.40M	$39.10M	$37.40M	$24.50M	$14.70M	$15.70M	$9.800M
YoY Change	-90.53%			19.05%	-56.25%	-93.57%	-4.97%	-65.23%	282.06%	-27.57%	2.13%	-18.55%	-7.1%	-16.12%	19.45%	42.05%	-4.63%	1.04%	8.6%	22.24%	13.5%	7.81%	21.23%	4.55%	52.65%	66.67%	-6.37%	60.2%
Long-Term Debt	$443.7M	$183.2M	$87.80M	$9.400M	$2.300M	$2.300M	$2.200M	$2.200M	$0.00	$0.00	$0.00	$100.0K	$100.0K	$200.0K	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	142.16%	108.67%	834.04%	308.7%	0.0%	4.55%	0.0%				-100.0%	0.0%	-50.0%
Other Long-Term Liabilities	$52.89M	$44.93M	$35.30M	$31.30M	$18.70M	$16.00M	$15.70M	$14.60M	$14.80M	$10.20M	$7.700M	$9.600M	$4.000M	$3.300M	$3.500M	$3.400M	$4.300M	$6.200M	$3.900M	$2.700M	$4.100M	$3.300M	$2.900M	$3.300M	$3.600M	$2.900M	$1.900M	$1.700M	$1.700M
YoY Change	17.72%	27.27%	12.78%	67.38%	16.88%	1.91%	7.53%	-1.35%	45.1%	32.47%	-19.79%	140.0%	21.21%	-5.71%	2.94%	-20.93%	-30.65%	58.97%	44.44%	-34.15%	24.24%	13.79%	-12.12%	-8.33%	24.14%	52.63%	11.76%	0.0%
Total Long-Term Liabilities	$496.5M	$228.1M	$123.1M	$40.70M	$21.00M	$18.30M	$17.90M	$16.80M	$14.80M	$10.20M	$7.700M	$9.700M	$4.100M	$3.500M	$3.500M	$3.400M	$4.300M	$6.200M	$3.900M	$2.700M	$4.100M	$3.300M	$2.900M	$3.300M	$3.600M	$2.900M	$1.900M	$1.700M	$1.700M
YoY Change	117.65%	85.33%	202.46%	93.81%	14.75%	2.23%	6.55%	13.51%	45.1%	32.47%	-20.62%	136.59%	17.14%	0.0%	2.94%	-20.93%	-30.65%	58.97%	44.44%	-34.15%	24.24%	13.79%	-12.12%	-8.33%	24.14%	52.63%	11.76%	0.0%
Total Liabilities	$4.674B	$3.790B	$3.670B	$2.721B	$2.150B	$2.067B	$1.917B	$1.753B	$1.672B	$1.013B	$1.024B	$1.019B	$953.4M	$894.7M	$934.2M	$803.3M	$724.3M	$745.4M	$751.2M	$739.2M	$732.6M	$667.1M	$581.0M	$555.3M	$537.6M	$354.3M	$327.5M	$303.3M	$280.3M
YoY Change	23.33%	3.26%	34.88%	26.57%	4.03%	7.8%	9.36%	4.84%	64.98%	-1.06%	0.53%	6.87%	6.56%	-4.23%	16.3%	10.91%	-2.83%	-0.77%	1.62%	0.9%	9.82%	14.82%	4.63%	3.29%	51.74%	8.18%	7.98%	8.21%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	37.38M	33.84M	29.17M	28.27M	27.73M	27.67M	27.57M	27.18M	22.68M	18.67M	18.77M	18.79M	18.27M
Diluted Shares Outstanding	37.50M	33.93M	29.28M	28.39M	27.88M	27.97M	27.62M	27.21M	22.68M	18.68M	18.77M	18.79M	18.27M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $592.38 Million

About FARMERS NATIONAL BANC CORP /OH/

Farmers National Banc Corp. is a bank and financial holding company, engaged in the provision of financial and banking services. The company is headquartered in Canfield, Ohio and currently employs 666 full-time employees. The firm provides full banking services through its nationally chartered subsidiary, The Farmers National Bank of Canfield (Bank). Its segment includes Bank segment and the Trust segment. The company provides trust and retirement consulting services through its subsidiary, Farmers Trust Company (Trust), and insurance services through the Bank's subsidiary, Farmers National Insurance, LLC. Farmers National Captive, Inc. (Captive) is a wholly owned insurance subsidiary of the Company that provides property and casualty insurance coverage to the Company and its subsidiaries. The company is a full-service national banking association engaged in commercial and retail banking mainly in the northeastern region of Ohio and the western region of Pennsylvania. Its commercial and retail banking services include checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, and home equity loans.

Industry: State Commercial Banks Peers: Bank of Marin Bancorp EQUITY BANCSHARES INC MidWestOne Financial Group, Inc. MERCANTILE BANK CORP MID PENN BANCORP INC PNC FINANCIAL SERVICES GROUP, INC. SOUTH PLAINS FINANCIAL, INC.