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Farmers National Banc (FMNB)

Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $3 billion in banking assets. Farmers National Banc Corp.'s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 41 banking locations in Mahoning, Trumbull, Columbiana, Stark, Wayne, Medina, Geauga and Cuyahoga Counties in Ohio and Beaver County in Pennsylvania; Farmers Trust Company, which operates five trust offices and offers services in the same geographic markets and Farmers National Insurance, LLC. Total wealth management assets under care at December 31, 2020 were $2.8 billion.

Company profile

Ticker
FMNB
Exchange
CEO
Kevin J. Helmick
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
- Farmers National Insurance LLC • - Farmers of Canfield Investment Co. • - Farmers Trust Company • - National Associates, Inc. • - Farmers National Captive Inc. ...
IRS number
341371693

FMNB stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Aug 22 Ralph D Macali Farmers National Banc Corp. Common Stock Buy Acquire P Yes No 14.08 710 10K 38,196
2 Aug 22 Gregory C Bestic Farmers National Banc Corp. Common Stock Buy Acquire P No No 14.2 4,000 56.8K 70,000
9 Jul 22 Neil J Kaback Farmers National Banc Corp. Common Stock Buy Acquire P No No 14.24 1,000 14.24K 22,597
10 Jun 22 Edward Muransky Farmers National Banc Corp. Common Stock Buy Acquire P No No 14.83 18,560 275.24K 122,429
24 May 22 Edward Muransky Farmers National Banc Corp. Common Stock Buy Acquire P No No 1440 1,440 2.07M 103,627
39.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 121 115 +5.2%
Opened positions 21 18 +16.7%
Closed positions 15 6 +150.0%
Increased positions 39 57 -31.6%
Reduced positions 34 23 +47.8%
13F shares Current Prev Q Change
Total value 579.15M 500.67M +15.7%
Total shares 13.38M 12.94M +3.4%
Total puts 16.5K 3.5K +371.4%
Total calls 46.3K 27.8K +66.5%
Total put/call ratio 0.4 0.1 +183.1%
Largest owners Shares Value Change
BLK Blackrock 2.17M $37.03M +8.1%
Vanguard 1.39M $23.77M -8.3%
Dimensional Fund Advisors 909.24K $15.51M +0.0%
STT State Street 616.99K $10.53M +8.9%
Geode Capital Management 522.07K $8.91M +4.6%
LSV Asset Management 475.92K $8.12M +1.1%
Farmers Trust 470.6K $8.03M +84.0%
Manufacturers Life Insurance Company, The 460.83K $7.86M -0.0%
Beese Fulmer Investment Management 423.7K $7.23M -2.5%
Pacific Ridge Capital Partners 400.56K $6.83M +15.5%
Largest transactions Shares Bought/sold Change
Farmers Trust 470.6K +214.85K +84.0%
BLK Blackrock 2.17M +162.72K +8.1%
Vanguard 1.39M -125.51K -8.3%
HighTower Advisors 0 -89.1K EXIT
JPM JPMorgan Chase & Co. 107.19K -79.11K -42.5%
Citadel Advisors 126.58K +75.03K +145.6%
Arrowstreet Capital, Limited Partnership 0 -65.39K EXIT
Aqr Capital Management 54.1K +54.1K NEW
Pacific Ridge Capital Partners 400.56K +53.86K +15.5%
HBK Sorce Advisory 95.68K +51K +114.1%

Financial report summary

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Risks
  • Changes in economic, political, and market conditions may adversely affect our industry and our business.
  • The economic impact of COVID-19 or any other pandemic could adversely affect our business, financial condition and results of operations.
  • Changes in interest rates could adversely affect our income and financial condition.
  • Defaults by another larger financial institution could adversely affect financial markets generally.
  • A transition away from the London Interbank Offered Rate (“LIBOR”) as a reference rate for financial instruments could negatively affect our income and expenses and the value of various financial instruments.
  • We extend credit to a variety of customers based on internally set standards and judgment. We manage credit risk through a program of underwriting standards, the review of certain credit decisions and an on-going process of assessment of the quality of credit already extended. Our credit standards and on-going process of credit assessment might not protect us from significant credit losses.
  • We have significant exposure to risks associated with commercial real estate and residential real estate in our primary markets.
  • Our indirect lending exposes us to increased credit risks.
  • Commercial and industrial loans may expose us to greater financial and credit risk than other loans.
  • Our allowance for credit losses may not be adequate to cover the expected, lifetime losses in our loan portfolio.
  • We are subject to certain risks with respect to liquidity.
  • We may experience difficulties in integrating acquired businesses, or acquisitions may not perform as expected.
  • We may fail to realize all of the anticipated benefits of acquisitions, which could reduce our anticipated profitability.
  • We may not be able to attract and retain skilled people.
  • Consumers may decide not to use banks to complete their financial transactions.
  • We are exposed to operational risk.
  • We depend on our subsidiaries for dividends, distributions and other payments.
  • We may elect or be compelled to seek additional capital in the future, but that capital may not be available when it is needed.
  • We may not be able to adapt to technological change.
  • Increases in FDIC insurance premiums may have a material adverse effect on our earnings.
  • Legislative or regulatory changes or actions, or significant litigation, could adversely impact us or the businesses in which we are engaged.
  • Our results of operations, financial condition or liquidity may be adversely impacted by issues arising in foreclosure practices, including delays in the foreclosure process, related to certain industry deficiencies, as well as potential losses in connection with actual or projected repurchases and indemnification payments related to mortgages sold into the secondary market.
  • Environmental liability associated with commercial lending could have a material adverse effect on our business, financial condition or results of operations.
  • Increasing scrutiny and evolving expectations from customers, regulators, investors, and other stakeholders with respect to our environmental, social and governance practices may impose additional costs on us or expose us to new or additional risks.
  • Impairment of investment securities, goodwill, other intangible assets, or deferred tax assets could require charges to earnings, which could result in a negative impact on our results of operations.
  • Changes and uncertainty in tax laws could adversely affect our performance.
  • We may be a defendant from time to time in the future in a variety of litigation and other actions, which could have a material adverse effect on our business, financial condition or results of operations.

Content analysis

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H.S. freshman Avg
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