Earnings Releases·Oct 28, 2026, 8:00 AM ET

Farmers National Banc Corp. — Third Quarter 2026 Earnings Summary

Reported net income of $14.5 million ($0.25 diluted EPS) for Q3 2026, down from $12.5 million ($0.33 diluted EPS) in Q3 2025; adjusted net income (non-GAAP) was $28.0 million ($0.47 diluted EPS).
Net interest income surged to $57.9 million from $36.3 million year-over-year, driven by the March 2026 Middlefield acquisition, while net interest margin expanded to 3.54% from 3.00%.
Total assets grew to $7.12 billion and total loans to $4.80 billion as of September 30, 2026, though noninterest expense rose to $46.6 million and noninterest income declined to $7.9 million.
Management anticipates realizing financial benefits from strategic initiatives in Q4 2026, with net interest margin expected to settle between 3.43% and 3.46% in the fourth quarter.
The company completed a $90.5 million security restructuring resulting in a $10.3 million loss and plans to pay off $72.0 million in subordinated notes in December 2026; non-performing loans increased to $47.9 million.