Farmers National BancNasdaqCM:FMNB Stock Report

Market Cap







23 Sep, 2021


Company Financials +
FMNB fundamental analysis
Snowflake Score
Future Growth1/6
Past Performance5/6
Financial Health6/6

FMNB Overview

Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries.

Farmers National Banc Competitors

First Bancorp



ConnectOne Bancorp



Nicolet Bankshares



Lakeland Bancorp



Price History & Performance

Summary of all time highs, changes and price drops for Farmers National Banc
Historical stock prices
Current Share PriceUS$15.34
52 Week HighUS$10.23
52 Week LowUS$18.26
1 Month Change-1.86%
3 Month Change-5.25%
1 Year Change47.64%
3 Year Change1.93%
5 Year Change46.10%
Change since IPO263.30%

Recent News & Updates

Aug 27
Farmers National Banc (NASDAQ:FMNB) Is Due To Pay A Dividend Of US$0.11

Farmers National Banc (NASDAQ:FMNB) Is Due To Pay A Dividend Of US$0.11

Farmers National Banc Corp. ( NASDAQ:FMNB ) will pay a dividend of US$0.11 on the 30th of September. The dividend yield...

Aug 22

Farmers National Banc Corp.: We Still Like This Regional Bank

We like the inorganic growth of the bank. The stock is a bit pricey relative to book value, but shares remain attractive. The efficiency of the bank and return on assets and equity are all improving. Expect the stock to rally when interest rates do.

Shareholder Returns

FMNBUS BanksUS Market

Return vs Industry: FMNB underperformed the US Banks industry which returned 75.2% over the past year.

Return vs Market: FMNB exceeded the US Market which returned 36.2% over the past year.

Price Volatility

Is FMNB's price volatile compared to industry and market?
FMNB volatility
FMNB Beta0.96
Industry Beta1.37
Market Beta1

Stable Share Price: FMNB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: FMNB's weekly volatility (3%) has been stable over the past year.

About the Company

1887445Kevin Helmick

Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. It offers commercial and retail banking services, including checking, savings, and time deposit accounts; commercial, mortgage and installment, and home equity loans; home equity lines of credit, night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, MasterCard and Visa credit cards, brokerage, and other services. The company also provides personal and corporate trust services in the areas of estate settlement, trust administration, and employee benefit plans; retirement services; property and casualty insurance products and services; and various insurance products through licensed representatives, as well as invests in municipal securities.

Farmers National Banc Fundamentals Summary

How do Farmers National Banc's earnings and revenue compare to its market cap?
FMNB fundamental statistics
Market CapUS$426.30m
Earnings (TTM)US$52.36m
Revenue (TTM)US$136.25m


P/E Ratio


P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FMNB income statement (TTM)
Cost of RevenueUS$0
Gross ProfitUS$136.25m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date


Earnings per share (EPS)1.86
Gross Margin100.00%
Net Profit Margin38.43%
Debt/Equity Ratio22.2%

How did FMNB perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is Farmers National Banc undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: FMNB ($15.34) is trading below our estimate of fair value ($35.69)

Significantly Below Fair Value: FMNB is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: FMNB is good value based on its PE Ratio (8.3x) compared to the US Banks industry average (10.7x).

PE vs Market: FMNB is good value based on its PE Ratio (8.3x) compared to the US market (17.7x).

Price to Earnings Growth Ratio

PEG Ratio: FMNB is poor value based on its PEG Ratio (1.5x)

Price to Book Ratio

PB vs Industry: FMNB's PB Ratio (1.2x) is in line with the US Banks industry average.

Future Growth

How is Farmers National Banc forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FMNB's forecast earnings growth (5.4% per year) is above the savings rate (2%).

Earnings vs Market: FMNB's earnings (5.4% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: FMNB's earnings are forecast to grow, but not significantly.

Revenue vs Market: FMNB's revenue (7.2% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: FMNB's revenue (7.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FMNB's Return on Equity is forecast to be low in 3 years time (11.6%).

Past Performance

How has Farmers National Banc performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FMNB has high quality earnings.

Growing Profit Margin: FMNB's current net profit margins (38.4%) are higher than last year (33.4%).

Past Earnings Growth Analysis

Earnings Trend: FMNB's earnings have grown significantly by 20.2% per year over the past 5 years.

Accelerating Growth: FMNB's earnings growth over the past year (36.1%) exceeds its 5-year average (20.2% per year).

Earnings vs Industry: FMNB earnings growth over the past year (36.1%) exceeded the Banks industry 36%.

Return on Equity

High ROE: FMNB's Return on Equity (14.3%) is considered low.

Financial Health

How is Farmers National Banc's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: FMNB's Assets to Equity ratio (8.9x) is low.

Allowance for Bad Loans: FMNB has a sufficient allowance for bad loans (179%).

Low Risk Liabilities: 96% of FMNB's liabilities are made up of primarily low risk sources of funding.

Loan Level: FMNB has an appropriate level of Loans to Assets ratio (59%).

Low Risk Deposits: FMNB's Loans to Deposits ratio (70%) is appropriate.

Level of Bad Loans: FMNB has an appropriate level of bad loans (0.7%).


What is Farmers National Banc current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FMNB's dividend (2.87%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: FMNB's dividend (2.87%) is low compared to the top 25% of dividend payers in the US market (3.63%).

Stability and Growth of Payments

Stable Dividend: FMNB's dividends per share have been stable in the past 10 years.

Growing Dividend: FMNB's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.7%), FMNB's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: FMNB's dividends in 3 years are forecast to be well covered by earnings (26.9% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Kevin Helmick (49 yo)





Mr. Kevin J. Helmick has been the Chief Executive Officer and President of Farmers National Banc Corp. and its subsidiary The Farmers National Bank/Farmers Bank since November 2013. Mr. Helmick served as a...

CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD1.09M) is below average for companies of similar size in the US market ($USD1.69M).

Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: FMNB's management team is seasoned and experienced (7.8 years average tenure).

Board Members

Experienced Board: FMNB's board of directors are considered experienced (7.4 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: FMNB insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Farmers National Banc Corp.'s employee growth, exchange listings and data sources

Key Information

  • Name: Farmers National Banc Corp.
  • Ticker: FMNB
  • Exchange: NasdaqCM
  • Founded: 1887
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$426.297m
  • Shares outstanding: 28.33m
  • Website:

Number of Employees


  • Farmers National Banc Corp.
  • 20 South Broad Street
  • Canfield
  • Ohio
  • 44406
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 22:58
End of Day Share Price2021/09/23 00:00
Annual Earnings2020/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.