Farmers National Banc
Market Cap
US$392.8m
Last Updated
2021/01/19 23:48 UTC
Data Sources
Company Financials +
Executive Summary
Farmers National Banc Corp., a financial holding company, operates in the banking, trust, retirement consulting, insurance, and financial management industries. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 0.8% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Farmers National Banc's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FMNB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: FMNB's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-1.3%
FMNB
-1.8%
US Banks
0.3%
US Market
1 Year Return
-12.7%
FMNB
-6.2%
US Banks
21.1%
US Market
Return vs Industry: FMNB underperformed the US Banks industry which returned -7.3% over the past year.
Return vs Market: FMNB underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| FMNB | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | -1.8% | 0.3% |
| 30 Day | 3.2% | 13.5% | 3.3% |
| 90 Day | 17.9% | 38.8% | 14.2% |
| 1 Year | -9.6%-12.7% | -2.7%-6.2% | 23.8%21.1% |
| 3 Year | -1.4%-9.2% | 1.1%-7.6% | 45.0%35.4% |
| 5 Year | 88.7%68.5% | 89.7%65.6% | 127.7%102.3% |
Long-Term Price Volatility Vs. Market
How volatile is Farmers National Banc's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
What Can We Learn About Farmers National Banc's (NASDAQ:FMNB) CEO Compensation?1 month ago | Simply Wall St
Be Sure To Check Out Farmers National Banc Corp. (NASDAQ:FMNB) Before It Goes Ex-Dividend2 months ago | Simply Wall St
How Much Are Farmers National Banc Corp. (NASDAQ:FMNB) Insiders Spending On Buying Shares?Valuation
Is Farmers National Banc undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FMNB ($13.9) is trading below our estimate of fair value ($30.82)
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 (9.7x) compared to the US Banks industry average (12.3x).
PE vs Market: FMNB is good value based on its PE Ratio (9.7x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: FMNB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FMNB is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1x).
Next Steps
Future Growth
How is Farmers National Banc forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-0.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FMNB's earnings are forecast to decline over the next 3 years (-0.8% per year).
Earnings vs Market: FMNB's earnings are forecast to decline over the next 3 years (-0.8% per year).
High Growth Earnings: FMNB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FMNB's revenue (0.5% per year) is forecast to grow slower than the US market (10.3% per year).
High Growth Revenue: FMNB's revenue (0.5% 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 (10.5%).
Next Steps
Past Performance
How has Farmers National Banc performed over the past 5 years?
24.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FMNB has high quality earnings.
Growing Profit Margin: FMNB's current net profit margins (33.9%) are higher than last year (32.5%).
Past Earnings Growth Analysis
Earnings Trend: FMNB's earnings have grown significantly by 24.8% per year over the past 5 years.
Accelerating Growth: FMNB's earnings growth over the past year (15.6%) is below its 5-year average (24.8% per year).
Earnings vs Industry: FMNB earnings growth over the past year (15.6%) exceeded the Banks industry -4.4%.
Return on Equity
High ROE: FMNB's Return on Equity (11.8%) is considered low.
Next Steps
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 (8.8x) is low.
Allowance for Bad Loans: FMNB has a sufficient allowance for bad loans (163%).
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 (71%).
Low Risk Deposits: FMNB's Loans to Deposits ratio (84%) is appropriate.
Level of Bad Loans: FMNB has an appropriate level of bad loans (0.6%).
Next Steps
Dividend
What is Farmers National Banc current dividend yield, its reliability and sustainability?
3.16%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FMNB's dividend (3.17%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: FMNB's dividend (3.17%) is low compared to the top 25% of dividend payers in the US market (3.85%).
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 reasonably low payout ratio (30.1%), 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 (32.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.3yrs
Average management tenure
CEO
Kevin Helmick (48 yo)
7.25yrs
Tenure
US$1,074,748
Compensation
Mr. Kevin J. Helmick has been the Chief Executive Officer and President of Farmers National Banc Corp. and its subsidiary The Farmers National Bank/Farmers Bank since November 2013. Mr. Helmick served as a...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD1.07M) is below average for companies of similar size in the US market ($USD1.66M).
Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.25yrs | US$1.07m | 0.43% $ 1.7m | |
| Senior EVP | no data | US$553.24k | 0.24% $ 959.5k | |
| Executive VP and Chief Retail & Marketing Officer of Farmers Bank | 7.17yrs | US$364.32k | 0.099% $ 389.0k | |
| Compliance Officer & Banking Officer | no data | no data | no data | |
| Senior VP & Regional President of West of Farmers Bank | 8.92yrs | US$338.43k | no data | |
| Senior Vice President & Brokerage Manager | no data | no data | no data | |
| Senior VP & Agricultural Lending Manager | no data | no data | no data | |
| Senior VP & Commercial Banking Team Leader | no data | no data | no data | |
| Senior VP & Chief Wealth Management Officer | no data | US$434.78k | 0.035% $ 138.0k | |
| Assistant Vice President & Internal Auditor | no data | no data | no data | |
| Senior Vice President | no data | no data | no data | |
| Vice President | no data | no data | no data |
7.3yrs
Average Tenure
56yo
Average Age
Experienced Management: FMNB's management team is seasoned and experienced (7.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.25yrs | US$1.07m | 0.43% $ 1.7m | |
| Independent Director | 19.08yrs | US$45.00k | 0.22% $ 870.8k | |
| Independent Director | 16.83yrs | US$45.00k | 0.29% $ 1.1m | |
| Independent Director | 10yrs | US$52.00k | 0.15% $ 574.1k | |
| Independent Non-Executive Vice Chairman | 5.5yrs | US$93.00k | 5.93% $ 23.3m | |
| Independent Chairman of the Board | 9.25yrs | US$75.00k | 0.18% $ 723.5k | |
| Independent Director | 9.75yrs | US$59.00k | 0.18% $ 724.2k | |
| Independent Director | 6.75yrs | US$50.00k | 0.19% $ 741.1k | |
| Independent Director | 3.75yrs | US$45.00k | 0.15% $ 581.1k |
9.3yrs
Average Tenure
64yo
Average Age
Experienced Board: FMNB's board of directors are considered experienced (9.3 years average tenure).
Ownership
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 company bio, 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$392.819m
- Shares outstanding: 28.26m
- Website: https://www.farmersbankgroup.com
Number of Employees
Location
- Farmers National Banc Corp.
- 20 South Broad Street
- Canfield
- Ohio
- 44406
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FMNB | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Mar 1994 |
Biography
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 serv...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 23:48 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.