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On August 23, 2022, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.16 per share. The common stock cash dividend will have a record date of September 9, 2022 and is payable to shareholders on September 30, 2022. ABOUT FARMERS NATIONAL BANC CORP. Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $4.1 billion in banking assets. Farmers National Banc...
Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB) today reported second quarter net income of $16.0 million for the three months ended June 30, 2022, compared to $15.6 million for the three months ended June 30, 2021. Diluted earnings per share were $0.47 for the second quarter of 2022 versus $0.55 for the second quarter of 2021. The results for the second quarter of 2022 included pretax items of $674,000 for merger related costs, security losses of $60,000, and a...
Farmers National Banc Corp. (“Farmers”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers Bank”), and Emclaire Financial Corp. (“Emclaire”) (NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (“Emlenton Bank”), announced today that the shareholders of Emclaire have voted to approve the Agreement and Plan of Merger, dated March 23, 2022 (the “Merger Agreement”), providing for the merger (the “Merger”) of...
Farmers National Banc Corp. (“Farmers”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers Bank”), and Emclaire Financial Corp. (“Emclaire”) (NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (“Emlenton Bank”), jointly announced today an election deadline of 5:00 p.m., Eastern Standard Time, July 19, 2022 (the “Election Deadline”) for shareholders of Emclaire to elect the form of consideration they wish to...
On May 24, 2022, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.16 per share. The common stock cash dividend will have a record date of June 10, 2022 and is payable to shareholders on June 30, 2022. ABOUT FARMERS NATIONAL BANC CORP. Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $4.2 billion in banking assets. Farmers National Banc Corp.’s...
Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB) today announced financial results for the three months ended March 31, 2022. Net income for the first quarter of 2022 was $15.8 million, or $0.47 per diluted share, compared to $14.6 million, or $0.51 per diluted share, for the first quarter of 2021. The results for the first quarter of 2022 included pretax items of $1.9 million for merger related costs, $8.4 million in other noninterest income for the net proceeds...
Farmers National Banc Corp (NASDAQ: FMNB) announced today the following changes to its Canton Region Leadership Team. The changes are prompted by Joseph Gerzina’s decision to retire as Senior Vice President, Regional President – West after almost 40 years in the banking industry, effective April 30, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220421006034/en/ Joseph Gerzina (Photo: Business Wire) Gerzina joined Farmers in...
Farmers National Banc Corp. (“Farmers”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers Bank”), and Emclaire Financial Corp. (“Emclaire”) (NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (“Emlenton Bank”), jointly announced today that they have entered into an agreement and plan of merger (the “Agreement”). Pursuant to the Agreement, each shareholder of Emclaire may elect to receive either $40.00 per share...
On February 22, 2022, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.16 per share. The common stock cash dividend will have a record date of March 11, 2022 and is payable to shareholders on March 31, 2022. “The 45% year-over-year increase in our regular quarterly cash dividend payment reflects our strong financial performance, robust capital position, and the benefits the 2021 Cortland Bancorp acquisition is having on our...
Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB) today announced financial results for the three and twelve months ended December 31, 2021. On a GAAP basis, net income for the fourth quarter of 2021 was $5.7 million, or $0.18 per diluted share, compared to $11.4 million, or $0.40 per diluted share, for the three months ended December 31, 2020. The results for the quarter included pretax items for acquisition related provision for credit loss expense of $4.9...
On November 23, 2021, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.14 per share, representing a 27% increase over the same period last year. The common stock cash dividend will have a record date of December 10, 2021, and is payable to shareholders on December 31, 2021. “The 27% increase in our quarterly cash dividend reflects both our strong performance in 2021 along with the successful closing of the Cortland Bancorp....
Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB) today announced the pricing of its issuance and sale of $75 million aggregated principal amount of fixed-to-floating rate subordinated notes due 2031 (the “Notes”) in a private placement exempt from the registration requirements under the Securities Act of 1933, as amended. The Notes bear a fixed rate of 3.125% for the first five years and will reset quarterly thereafter to the then current three-month SOFR rate...
Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), announced today that it completed the merger of Cortland Bancorp (“Cortland”) (NASDAQ:CLDB), the holding company for The Cortland Savings and Banking Company (“Cortland Bank”), with and into FMNB Merger Subsidiary IV, LLC, a newly-formed, wholly-owned subsidiary of Farmers (the “Merger”). Following the Merger,...
Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB) today announced financial results for the three and nine months ended September 30, 2021. Net income for the third quarter of 2021 was $16.0 million, or $0.56 per diluted share, which compares to $10.9 million, or $0.38 per diluted share, for the three months ended September 30, 2020. The results for the quarter were positively impacted by a negative provision for credit losses totaling $948,000 pre-tax which was...
Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), today announced that it has received regulatory approvals, including approval from The Federal Reserve Bank of Cleveland and the Office of the Comptroller of the Currency, necessary to complete the proposed merger of Cortland Bancorp (“Cortland”) with and into FMNB Merger Subsidiary IV, LLC (“Merger Sub”), a...
Farmers National Banc Corp. (“Farmers”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield, and Cortland Bancorp (“Cortland”) (NASDAQ: CLDB), the holding company for The Cortland Savings and Banking Company, today announced an election deadline of 5:00 p.m., Eastern Standard Time, October 25, 2021 (the “Election Deadline”) for shareholders of Cortland to elect the form of consideration they wish to receive for their shares of Cortland common stock in...
On August 24, 2021, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.11 per share. The common stock cash dividend will have a record date of September 10, 2021 and is payable to shareholders on September 30, 2021. ABOUT FARMERS NATIONAL BANC CORP. Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $3.3 billion in banking assets. Farmers National Banc...
Farmers National Banc Corp. (NASDAQ: FMNB) (“Farmers”) welcomes a member to its Board of Directors, Mr. Frank J. Monaco, who will bring a wealth of business and consulting experience to his new leadership role with Farmers. Mr. Monaco was appointed by the Board of Directors effective July 27, 2021 as a Class III director with a term expiring in 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210802005050/en/ Frank J. Monaco...
Farmers National Banc Corp. (Farmers) (NASDAQ: FMNB) today reported financial results for the three months ended June 30, 2021. Net income for the three months ended June 30, 2021 was $15.6 million, or $0.55 per diluted share, which compares to $11.0 million, or $0.39 per diluted share, for the three months ended June 30, 2020 and $14.6 million or $0.51 per diluted share for the linked quarter. Net income excluding acquisition costs (non-GAAP) for the quarter ended June 30, 2021 was $15.7...
Shareholder Alert: Wisconsin law firm Ademi LLP investigates whether Cortland Bancorp Inc. has obtained a Fair Price in its transaction with Farmers National Banc Corp. PR Newswire MILWAUKEE, June 23, 2021 MILWAUKEE , June 23, 2021 /PRNewswire/ -- Ademi LLP is investigating Cortland (NASDAQ: CLDB) for possible breaches of fiduciary duty and other violations of law in its transaction with Farmers. Click here to learn how to join the action: https://www.ademilaw.com/case/cortland-bancorp-inc or...