Farmers National Banc Corp.

Farmers National Banc Corp. (FMNB) reported net income of $54.6 million for fiscal year 2025, an increase from $45.9 million in 2024. This performance was driven by a 10.9% increase in net interest income to $142.4 million, primarily due to higher yields on loans and securities and lower funding costs. The tax-equivalent net interest margin improved to 2.95% from 2.69%. Noninterest income grew to $46.1 million, supported by increases in trust fees, insurance agency commissions, and retirement plan consulting fees. Noninterest expense rose to $116.5 million, largely due to system conversion and acquisition-related costs. The company maintained a strong capital position, with total stockholders' equity increasing to $485.7 million, and completed a significant merger with Middlefield Banc Corp. in March 2026.

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