NasdaqCM:FMNB

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Executive Summary

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


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

FMNBIndustryMarket
7 Day-1.3%-1.8%0.3%
30 Day3.2%13.5%3.3%
90 Day17.9%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 Year88.7%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

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

NamePositionTenureCompensationOwnership
Kevin Helmick
President7.25yrsUS$1.07m0.43%
$ 1.7m
Carl Culp
Senior EVPno dataUS$553.24k0.24%
$ 959.5k
Amber Wallace Soukenik
Executive VP and Chief Retail & Marketing Officer of Farmers Bank7.17yrsUS$364.32k0.099%
$ 389.0k
Bryan Sahli
Compliance Officer & Banking Officerno datano datano data
Joseph Gerzina
Senior VP & Regional President of West of Farmers Bank8.92yrsUS$338.43kno data
Daniel Cvercko
Senior Vice President & Brokerage Managerno datano datano data
Thomas Stocksdale
Senior VP & Agricultural Lending Managerno datano datano data
Christopher Smerglia
Senior VP & Commercial Banking Team Leaderno datano datano data
Mark Wenick
Senior VP & Chief Wealth Management Officerno dataUS$434.78k0.035%
$ 138.0k
Anita Jarvis
Assistant Vice President & Internal Auditorno datano datano data
Dell Duncan
Senior Vice Presidentno datano datano data
Jon Schmied
Vice Presidentno datano datano 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

NamePositionTenureCompensationOwnership
Kevin Helmick
President7.25yrsUS$1.07m0.43%
$ 1.7m
Ralph Macali
Independent Director19.08yrsUS$45.00k0.22%
$ 870.8k
Anne Crawford
Independent Director16.83yrsUS$45.00k0.29%
$ 1.1m
David Paull
Independent Director10yrsUS$52.00k0.15%
$ 574.1k
James Smail
Independent Non-Executive Vice Chairman5.5yrsUS$93.00k5.93%
$ 23.3m
Lance Ciroli
Independent Chairman of the Board9.25yrsUS$75.00k0.18%
$ 723.5k
Gregory Bestic
Independent Director9.75yrsUS$59.00k0.18%
$ 724.2k
Terry Moore
Independent Director6.75yrsUS$50.00k0.19%
$ 741.1k
Edward Muransky
Independent Director3.75yrsUS$45.00k0.15%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FMNBNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMar 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/19 23:48
End of Day Share Price2021/01/19 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.