Core Viewpoint - Farmers National Banc (FMNB) reported a revenue increase of 11.6% year-over-year for Q1 2025, with earnings per share (EPS) exceeding expectations, indicating a positive financial performance despite a slight revenue miss against consensus estimates [1]. Financial Performance - Revenue for the quarter was $44.68 million, up from the previous year's $40.00 million [1]. - EPS was reported at $0.39, an increase from $0.34 in the same quarter last year, representing a 14.71% surprise over the consensus estimate of $0.34 [1]. - The revenue surprise was -0.39% compared to the Zacks Consensus Estimate of $44.85 million [1]. Key Metrics - Efficiency Ratio was reported at 59.6%, better than the estimated 60.3% [4]. - Net Interest Margin stood at 2.9%, exceeding the average estimate of 2.8% [4]. - Average Earning Assets were $4.89 billion, slightly above the estimated $4.88 billion [4]. - Non-Performing Loans (NCOs) to Average Loans ratio was 0%, compared to the estimated 0.2% [4]. - Total Noninterest Income was $10.48 million, below the estimated $11.38 million [4]. - Trust fees were $2.64 million, lower than the estimated $2.97 million [4]. - Retirement plan consulting fees were $0.80 million, compared to the estimated $0.99 million [4]. - Service charges on deposit accounts were $1.76 million, slightly below the estimated $1.81 million [4]. - Net Interest Income (tax-equivalent) was $34.84 million, above the estimated $33.40 million [4]. - Net Interest Income was reported at $34.20 million, exceeding the estimated $33.28 million [4]. Stock Performance - Farmers National shares have returned -7.8% over the past month, compared to the Zacks S&P 500 composite's -4.2% change [3]. - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3].
Compared to Estimates, Farmers National (FMNB) Q1 Earnings: A Look at Key Metrics