Farmers National Banc Q3 profit rises; to merge with Middlefield Banc

Farmers National Banc

22/10/2025 12:55

Overview

Farmers National Banc Q3 net income rises to $12.5 mln, EPS at $0.33

Pretax profit for Q3 misses analyst expectations

Company announces merger with Middlefield Banc Corp, closing expected Q1 2026

Outlook

Farmers anticipates continued rate volatility in the bond market for 2025

Farmers expects net interest margin to expand into 2026 due to rate cuts

Farmers' new core platform to save $2.0 mln annually from August 2026

Result Drivers

COMMERCIAL LOAN GROWTH - Co reports $30.1 mln increase in commercial loan balances, reflecting 6.0% annualized growth

NET INTEREST MARGIN - Co's net interest margin increased to 3.00% from 2.91% in prior qtr, driven by higher asset yields and lower funding costs

SECURITIES RESTRUCTURING - Co restructured $28.5 mln in securities, expanding yield by 220 basis points

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.33
Q3 Net Income
$12,461,000
Q3 Net Interest Income
$36.30 mln
Q3 Pretax Profit
Miss
$14,639,000
$18,500,000 (2 Analysts)
Q3 Credit Loss Provision
$1.41 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "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 $15.50, about 10.1% above its October 21 closing price of $13.93

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw7ZYypta

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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.)