Group 1 - Farmers National Banc Corp. (NASDAQ: FMNB) is expected to benefit from interest rate cuts, which will enhance both net interest margin and loan balance [1] - Earnings are projected to remain stable at $1.33 per share for the current year [1]

Core Viewpoint - Farmers National Banc (FMNB) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks rating system is based on the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts for the current and following years [2]. - For the fiscal year ending December 2024, Farmers National is expected to earn $1.37 per share, representing a -17% change from the previous year's reported number [9]. - Over the past three months, the Zacks Consensus Estimate for Farmers National has increased by 3.8% [9]. Impact of Institutional Investors - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements, largely due to institutional investors who adjust their valuations based on these estimates [5]. - An increase in earnings estimates typically leads to higher fair value calculations for stocks, prompting institutional investors to buy or sell accordingly, which in turn affects stock prices [5]. Zacks Rating System - The Zacks Rank stock-rating system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - The Zacks rating system maintains a balanced distribution of 'buy' and 'sell' ratings, ensuring that only the top 5% of stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions [10][11]. Conclusion - The upgrade of Farmers National to a Zacks Rank 1 positions it among the top 5% of Zacks-covered stocks, suggesting potential for upward movement in stock price in the near term [11].

After reaching an important support level, Farmers National Banc Corp. (FMNB) could be a good stock pick from a technical perspective. FMNB recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average. A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most co ...

Company Performance - Farmers National Banc (FMNB) reported quarterly earnings of $0.33 per share, matching the Zacks Consensus Estimate, but down from $0.41 per share a year ago [1] - The company posted revenues of $41.67 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.13%, and down from $44.03 million year-over-year [2] - Over the last four quarters, Farmers National has surpassed consensus EPS estimates three times, but has topped consensus revenue estimates only once [2] Market Comparison - Farmers National shares have increased approximately 2.6% since the beginning of the year, while the S&P 500 has gained 16.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $42.15 million, and for the current fiscal year, it is $1.32 on revenues of $169.25 million [7] Industry Outlook - The Zacks Industry Rank for Banks - Midwest is currently in the top 42% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]

Consolidated Statements of Financial Condition We make statements in this news release and our related investor conference call, and we may from time to time make other statements, that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about Farmers' financial condition, results of operations, asset quality trends and profitability. Forward-looking statements are not historical facts but instead represent only management's current ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly period ended March 31, 2024 Commission file number 001-35296 FARMERS NATIONAL BANC CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 20 South Broad Street Canfield, OH 44406 (Address of principal executive offices) (Zip Code) OHIO 34-1371693 (I.R.S. ...

For the quarter ended March 2024, Farmers National Banc (FMNB) reported revenue of $40.04 million, down 14.9% over the same period last year. EPS came in at $0.34, compared to $0.44 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $42.46 million, representing a surprise of -5.68%. The company delivered an EPS surprise of +3.03%, with the consensus EPS estimate being $0.33.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Farmers National Banc (FMNB) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.03%. A quarter ago, it was expected that this bank would post earnings of $0.36 per share when it actually produced earnings of $0.41, delivering a surprise of 13.89%.Over the last four quarters, the compan ...

Exhibit 99.1 April 24, 2024 Press Release Source: Farmers National Banc Corp. Kevin J. Helmick, President and CEO 20 South Broad Street, P.O. Box 555 Canfield, OH 44406 330.533.3341 Email: exec@farmersbankgroup.com FARMERS NATIONAL BANC CORP. ANNOUNCES STRONG RESULTS FOR FIRST QUARTER OF 2024 CANFIELD, Ohio (April 24, 2024) – Farmers National Banc Corp. ("Farmers" or the "Company") (NASDAQ: FMNB) reported net income of $11.2 million, or $0.30 per diluted share, for the three months ended March 31, 2024, com ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-35296 Farmers National Banc Corp. (Exact name of registrant as specified in its charter) Ohio 34-1371693 (State or other jurisdiction ...