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Farmers National (FMNB) Reports Q3 Earnings: What Key Metrics Have to Say
FMNBFarmers National Banc(FMNB) ZACKS·2024-10-23 15:01

Core Insights - Farmers National Banc (FMNB) reported revenue of 44.22millionforthequarterendedSeptember2024,reflectingayear−over−yearincreaseof1.444.22 million for the quarter ended September 2024, reflecting a year-over-year increase of 1.4% and a surprise of +3.07% over the Zacks Consensus Estimate of 42.9 million [1] - Earnings per share (EPS) for the quarter was 0.23,downfrom0.23, down from 0.40 in the same quarter last year, resulting in an EPS surprise of -32.35% compared to the consensus estimate of 0.34[1]FinancialPerformanceMetrics−EfficiencyRatiostoodat58.50.34 [1] Financial Performance Metrics - Efficiency Ratio stood at 58.5%, better than the average estimate of 61.2% based on two analysts [1] - Net Interest Margin was reported at 2.7%, matching the average estimate of 2.7% from two analysts [1] - Average Earning Assets amounted to 4.89 billion, slightly above the estimated 4.87billionbytwoanalysts[1]−TotalNoninterestIncomereached4.87 billion by two analysts [1] - Total Noninterest Income reached 12.34 million, exceeding the average estimate of $10.10 million from two analysts [1] Stock Performance - Shares of Farmers National have returned -0.4% over the past month, while the Zacks S&P 500 composite increased by +2.7% [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [2]