Farmers National Banc Corp
farmersbankgroup.comWhat Do They Do?
Sells commercial and retail banking services to consumers and businesses in northeastern Ohio and western Pennsylvania, alongside trust and retirement services and insurance products.
10-K for FY2025, filed Mar 5, 2026The Bank is a full-service national banking association engaged in commercial and retail banking mainly in the northeastern region of Ohio…View ↗
During 2009, the Company acquired Farmers Trust. Farmers Trust offers a full complement of personal and corporate trust services in the…View ↗
Farmers Insurance was formed during 2009 and offers a variety of insurance products through licensed representatives. Farmers Insurance is…View ↗
How Do They Make Money?
The bank earns interest on loans; customers pay account fees monthly or per transaction and card fees on purchases. Insurers pay commissions tied to premiums, retirement consulting fees are earned as work is performed, and investment sales produce commissions when received.
10-K for FY2025, filed Mar 5, 2026Interest income on loans increased to $191.0 million for the year ended December 31, 2025, compared to $185.7 million for the year ended…View ↗
Service Charges on Deposit Accounts – The Company earns fees from its deposit customers for transaction-based, account maintenance, and…View ↗
Debit Card and EFT Fees – Customers and the Bank have an account agreement and maintain deposit balances with the Bank. Customers use a…View ↗
Insurance Agency Commissions – Insurance agency commissions are received from insurance carriers for the agency’s share of commissions from…View ↗
Retirement Plan Consulting Fees – Revenue is recognized based on the level of work performed for the client. Any payments that are received…View ↗
Investment Commissions – Investment commissions are earned through the sales of non-deposit investment products to customers of the…View ↗
$279.9M
-
10-K for FY2025, filed Mar 5, 2026
$279.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Deposit Account
|
19%
FY2022: 17%
|
Deposit Account, FY2025
$7.2M Sources
|
|
|
Fiduciary and Trust
Recurring
10-K for FY2025, filed Mar 5, 2026 |
28%
FY2022: 30%
|
Fiduciary and Trust, FY2025
$11.1M Sources
|
Recurring |
|
Insurance Agency Commissions
Recurring
10-K for FY2025, filed Mar 5, 2026 |
17%
FY2022: 16%
|
Insurance Agency Commissions, FY2025
$6.5M Sources
|
Recurring |
|
Retirement Plan Consulting
|
9.4% |
Retirement Plan Consulting, FY2025
$3.7M Sources
|
|
|
Investment Commissions
Sold outright
|
6.7%
FY2022: 7.8%
|
Investment Commissions, FY2025
$2.6M Sources
|
Sold outright |
|
Credit and Debit Card
Usage-based
10-K for FY2025, filed Mar 5, 2026 |
20% |
Credit and Debit Card, FY2025
$7.9M Sources
|
Usage-based |
Who Are Their Customers?
Commercial and retail customers use Farmers Bank for deposit accounts, loans and other banking services. Farmers Trust serves personal and corporate customers, and insurance products are offered through licensed representatives.
10-K for FY2025, filed Mar 5, 2026The Bank is a full-service national banking association engaged in commercial and retail banking mainly in the northeastern region of Ohio…View ↗
During 2009, the Company acquired Farmers Trust. Farmers Trust offers a full complement of personal and corporate trust services in the…View ↗
Farmers Insurance was formed during 2009 and offers a variety of insurance products through licensed representatives. Farmers Insurance is…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 20 cents of every revenue dollar as net income in FY2025 and turned 19 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
Growing. Revenue grew 2.4x in 4 years, from $116.5M in FY2021 to $279.9M in FY2025, about 25% a year.
Captive insurance ended
The earlier report describes a captive subsidiary providing property and casualty coverage to the company and its subsidiaries; the latest report says that subsidiary was dissolved.
10-K for FY2022, filed Mar 9, 2023 10-K for FY2025, filed Mar 5, 2026Captive was formed during 2016 and is a wholly-owned insurance subsidiary of the Company that provides property and casualty insurance…View ↗
Farmers National Banc Corp. (the “Company,” “Farmers,” “we,” “our” or “us”), is a financial holding company that was organized as a…View ↗
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