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Farmers National Banc (FMNB) Company Profile

Updated Sep 9, 2019
Farmers National Banc has the following business profile:
Company's Full Name:Farmers National Banc Corp.
Short Name:Farmers National Banc
Trading Ticker Symbol:FMNB
Primary Exchange:NASDAQ
Headquarter City/Country:Ohio, OH
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History

Market and Trading Information for Farmers National Banc

The following details were available for trading and market data about the stock of Farmers National Banc as of writing:
Current Share Price:$14
Previous Year's Closing Price:$12.74
Percentage Price Change (YTD):9.89%
Market Cap:$387.63 million
52-week Price Range:$11.56 - $15.7
Dividend Per Share:$0.34
EPS (TTM):1.2
Price-Earnings (Trailing):11.67
Price-Earnings (Forward):10.53

Company Profile and Business Description for Farmers National Banc

Farmers National Banc Corp., incorporated on August 4, 1982, is a one-bank holding company. The Company's principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc. (NAI) and Farmers National Captive, Inc. (Captive). The Bank's subsidiaries include Farmers National Insurance, LLC (Farmers Insurance) and Farmers of Canfield Investment Co. (Farmers Investments). The banking operation offers loans, investments and deposits; the trust operations provide trust services, and the retirement consulting operations offer consulting services. The Company and its subsidiaries operate in the domestic banking, trust, retirement consulting, insurance and financial management industries.

The Company provides a range of banking services, including wealth management services and mortgage banking activity, through the Bank. The Bank is a full-service national banking association engaged in commercial and retail banking mainly in Mahoning, Trumbull, Columbiana, Wayne, Medina and Stark Counties in Ohio and two locations in Beaver County, Pennsylvania. The Bank's commercial and retail banking services include checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, home equity loans, home equity lines of credit, night depository, safe deposit boxes, money orders, bank checks, automated teller machines, Internet banking, travel cards, E Bond transactions, MasterCard and Visa credit cards, brokerage services and other miscellaneous services normally offered by commercial banks.

Lending Activities

The Company's loan portfolio consists of commercial loans, such as residential real estate loans, commercial real estate loans, consumer loans and agricultural loans. The Company's commercial real estate loan portfolio includes loans for owner occupied and non-owner occupied real estate. Its loan portfolio consists of commercial real estate and residential real estate loans, including real estate development, construction and residential and commercial mortgage loans. These loans are made to finance properties, such as office and industrial buildings, hotels and retail shopping centers. The Company's residential real estate loans consist of one- to four-family loans and home equity lines of credit. As of December 31, 2016, the Company's total loans were $1.4 billion.

Investment Activities

The Company's investment portfolio consists of the United States Treasury securities, the United States Government sponsored enterprise debt securities, mortgage-backed securities-residential and collateralized mortgage obligations, small business administration, obligations of states and political subdivisions, equity securities and corporate bonds. As of December 31, 2016, the Company's total investment securities amounted to $370 million.

Sources of Funds

Deposits represent the Company's principal source of funds. The deposit base consists of demand deposits, savings and money market accounts, and other time deposits. As of December 31, 2016, the Company's total deposits amounted to $1.5 billion.

Subsidiary Activities

Farmers Trust offers a range of personal and corporate trust services in the areas of estate settlement, trust administration and employee benefit plans. NAI operates from iRocky River, Ohio. Farmers Insurance offers a range of insurance products through licensed representatives. Farmers Investments formed with the purpose of investing in municipal securities.

20 S Broad St

Peer / Competitor Companies of Major Banks Sector

Along with Farmers National Banc Corp., the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

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▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile  and Dividend History.

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile  and Dividend History.

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile  and Dividend History.

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile  and Dividend History.

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile  and Dividend History.

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▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile  and Dividend History.

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile  and Dividend History.

▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile  and Dividend History.

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile  and Dividend History.

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile  and Dividend History.

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile  and Dividend History.

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▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile  and Dividend History.

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▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile  and Dividend History.

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