Farmers National Banc Corp. Reports 172 Consecutive Quarters of Profitability

By Chris Stiles • Wednesday, January 28 11:52 • Permanent Link

Farmers National Banc Corp. has announced its earnings for the fourth quarter of 2025, showcasing its continued profitability with a net income of $14.6 million, or $0.39 per diluted share, compared to $14.4 million, or $0.38 per diluted share, for the same period in 2024. Notably, the company has achieved 172 consecutive quarters of profitability.

The net interest margin increased to 3.05% in the fourth quarter of 2025 from 3.00% in the third quarter of 2025 and 2.72% in the fourth quarter of 2024. Furthermore, the efficiency ratio stood at 57.11% in the fourth quarter of 2025, 55.0% excluding merger/core conversion costs (non-gaap), demonstrating an improvement in operational efficiency.

Customer deposit growth (excluding brokered CDs) was $151.0 million in 2025, reflecting a 3.6% increase. Moreover, nonperforming loans declined to $26.2 million in the fourth quarter of 2025 from $35.3 million in the third quarter of 2025, indicating an enhancement in asset quality.

In terms of balance sheet metrics, total assets increased to $5.25 billion in the fourth quarter of 2025 from $5.24 billion at September 30, 2025, and $5.12 billion at December 31, 2024. Additionally, loans declined to $3.30 billion at December 31, 2025 from $3.34 billion at September 30, 2025 but were up $36.4 million from $3.27 billion at December 31, 2024.

Furthermore, the company's noninterest income increased to $12.1 million in the fourth quarter of 2025 from $11.4 million in the fourth quarter of 2024, driven by strong performance across multiple business lines. Notably, bank owned life insurance (BOLI) income, trust fees, insurance agency commissions, retirement plan commissions, and net gains on the sale of loans all contributed to the increase in noninterest income.

On the other hand, noninterest expense increased to $29.1 million in the fourth quarter of 2025 from $26.2 million in the fourth quarter of 2024, primarily driven by higher salaries and employee benefits, occupancy and equipment expense, and professional fees.

Following these announcements, the company's shares moved 0.0%, and are now trading at a price of $13.53. For more information, read the company's full 8-K submission here.

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