Farmers National Banc Q2 net interest income rises on Middlefield acquisition

Farmers National Banc

22/07/2026 13:13

    

    Overview
  
U.S. community bank's Q2 net income and adjusted EPS rose yr/yr after Middlefield acquisition
Net interest income and margin improved yr/yr, driven by Middlefield acquisition
Non-performing loans declined 25% from Q1, reflecting improved credit quality

    

    Outlook
  
Company expects net interest margin to settle at 3.34%-3.37% in Q3 2026
Farmers National Banc anticipates commercial loan payoffs to return to normal in Q3
Company anticipates continued rate volatility in the bond market in 2026

    

    Result Drivers
  
MIDDLEFIELD ACQUISITION - Acquisition drove increases in net interest income, noninterest income, and expenses, as well as asset and loan balances
COMMERCIAL LENDING - Commercial lending fundings accelerated significantly, with $175 mln in fundings, up 181% from Q1, reflecting focus on business lending
CREDIT QUALITY IMPROVEMENT - Non-performing loans declined 25% from Q1 due to strong workout efforts

    
Company press release: ID:nBwc8nxSwa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
 
$0.39
 
Q2 Net Interest Income
 
$56 mln
 
Q2 Credit Loss Provision
 
$2.44 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Farmers National Banc Corp is $16.00, about 9.7% above its July 21 closing price of $14.58
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

    

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July 21 - Charles Schwab posts record quarterly profit on trading boom

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)