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An announcement from Farmers National Banc Oh ( (FMNB) ) is now available.
Farmers National Banc Corp. reported solid financial performance for the fourth quarter of 2024, with net income of $14.4 million and an improved net interest margin. The company highlighted its 168 consecutive quarters of profitability and strategic expansion into the Columbus market with the acquisition of Crest Retirement Advisors LLC, which contributed to a rise in wealth management assets. Despite challenges such as increased non-performing loans and unrealized losses on investment securities, Farmers continues to exhibit strong fee-based business growth and anticipates further earnings growth in 2025.
More about Farmers National Banc Oh
Farmers National Banc Corp. is a financial services company based in Canfield, Ohio, focusing on providing diverse and personalized financial solutions to communities in Ohio and Pennsylvania. The company operates in the banking industry and has expanded its business through acquisitions, such as the recent purchase of Crest Retirement Advisors LLC.
YTD Price Performance: -1.58%
Average Trading Volume: 87,449
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $515.3M
For a thorough assessment of FMNB stock, go to TipRanks’ Stock Analysis page.
