Farmers National Banc Corp. (FMNB) Financial Statements (2024 and earlier)

Company Profile

Business Address 20 S BROAD STREET
CANFIELD, OH 44406
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,39529,15027,38431,13825,17217,785
Cash and cash equivalents21,39529,15020,50323,22918,04217,785
Short-term investments   6,8817,9097,130 
Restricted cash and investments   201,00036,10034,20030,000
Total current assets:21,39529,150228,38467,23859,37247,785
Noncurrent Assets
Operating lease, right-of-use asset8,4096,3604,8293,121
Property, plant and equipment39,17337,52025,62023,81721,21122,286
Long-term investments and receivables 600 9,4002,3002,3002,200
Long-term investments 600 9,4002,3002,3002,200
Intangible assets, net (including goodwill)101,666102,60649,61742,64543,95245,369
Goodwill94,64094,24045,77538,20138,20138,201
Intangible assets, net (excluding goodwill)7,0268,3663,8424,4445,7517,168
Total noncurrent assets:149,848146,48689,46671,88367,46369,855
Other undisclosed assets3,910,9573,967,1132,753,2982,310,0372,202,0292,041,429
TOTAL ASSETS:4,082,2004,142,7493,071,1482,449,1582,328,8642,159,069
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 95,000 2,52177,050244,759289,565
Total current liabilities: 95,000 2,52177,050244,759289,565
Noncurrent Liabilities
Other undisclosed liabilities3,694,9053,670,3172,718,5302,072,7991,821,7851,627,430
Total liabilities:3,789,9053,670,3172,721,0512,149,8492,066,5441,916,995
Equity
Equity, attributable to parent292,295472,432350,097299,309262,320242,074
Common stock305,340306,123208,763186,345186,163186,903
Treasury stock, value(14,930)(16,882)(18,771)(5,713)(3,443)(4,633)
Accumulated other comprehensive income (loss)(210,490)9,29522,0329,826(4,030)596
Retained earnings212,375173,896138,073108,85183,63059,208
Total equity:292,295472,432350,097299,309262,320242,074
TOTAL LIABILITIES AND EQUITY:4,082,2004,142,7493,071,1482,449,1582,328,8642,159,069

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues143,464124,544124,302105,64393,85197,056
Net investment income141,402116,259112,029101,25791,12280,133
Financial services revenue16,923
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1,122)(4,649)(9,100)(2,450)  
Gross profit:142,342119,895115,202103,19393,85197,056
Operating expenses(24,339)(18,075)(15,527)(15,294)(14,741)(50,420)
Other operating income, net
(Noninterest Income, Other Operating Income)
3,9762,3072,2892,0311,4791,370
Operating income:121,979104,127101,96489,93080,58948,006
Nonoperating income
(Bank Owned Life Insurance Income)
  795818  
Interest and debt expense(17,920)(8,469)(16,136)(19,608)(13,265)(6,881)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:104,05995,65886,62371,14067,32441,125
Other undisclosed loss from continuing operations before income taxes(31,224)(33,544)(36,351)(28,065)(29,041)(8,345)
Income from continuing operations before income taxes:72,83562,11450,27243,07538,28332,780
Income tax expense(12,238)(10,270)(8,396)(7,315)(5,714)(10,069)
Income from continuing operations:60,59751,84441,87635,76032,56922,711
Income before gain (loss) on sale of properties:51,84441,87635,76032,56922,711
Net income available to common stockholders, diluted:60,59751,84441,87635,76032,56922,711

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:60,59751,84441,87635,76032,56922,711
Other comprehensive income (loss)(219,782)(12,775)12,20613,856(4,457)3,281
Comprehensive income (loss):(159,185)39,06954,08249,61628,11225,992
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)38    
Comprehensive income (loss), net of tax, attributable to parent:(159,188)39,10754,08249,61628,11225,992

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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