Farmers National Banc
Operator of a century-old community bank grown through acquisitions across Ohio and western Pennsylvania.
Something off on this page? Send us feedback.
Profile
Provides commercial and retail banking alongside trust, wealth-management, and insurance services through a network anchored in northeastern Ohio and extending into western Pennsylvania. Rather than growing organically, the bank — chartered in 1887 in Canfield, Ohio — has expanded mainly by acquiring a series of smaller community banks over the past decade.
Commercial and retail banking runs through The Farmers National Bank of Canfield, chartered in Ohio in 1887 — deposit accounts alongside commercial and mortgage lending. Farmers Trust Company adds personal and corporate trust, retirement-plan, and wealth-management services, and an affiliated insurance agency distributes property and life coverage.
The branch network is concentrated in northeastern Ohio's Mahoning Valley and reaches into western and central Pennsylvania, expanding into adjacent counties rather than distant markets.
Growth has come almost entirely from acquiring smaller community banks — seven such deals over the past decade — rather than from new branches or new products.
An election as a financial holding company under federal banking law sets the boundaries of the insurance, securities, and other nonbank activities it can add alongside traditional deposit-taking.
Company facts
Categories
Key statistics
Year to date +18.3% · Average volume (30d) 416.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Nov 21, 2025 | Piper Sandler | Target | $16 | $14 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $0.34 | $0.41 | +19.4% | $70.1M | $70.4M | +0.5% | −1.20% |
| Apr 22, 2026Q1 FY26 | $0.37 | $0.45 | +21.6% | $54.8M | $56.3M | +2.7% | +0.14% |
| Jan 28, 2026Q4 FY25 | $0.47 | $0.40 | −14.9% | $50.7M | $49.1M | −3.1% | +0.71% |
| Oct 22, 2025Q3 FY25 | $0.41 | $0.42 | +2.4% | $51.0M | $47.7M | −6.4% | +1.05% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $67.8M | $69.8M | $70.8M | $69.7M | $72.8M | $72.8M | |
| Gross profit | $44.9M | $43.5M | $46.3M | $45.0M | $49.3M | $49.3M | |
| Operating income | $16.4M | $16.3M | $14.6M | $17.7M | $20.0M | $20.0M | |
| Net income | $13.6M | $13.9M | $12.5M | $14.6M | $16.3M | $16.3M | |
| Diluted EPS | $0.36 | $0.37 | $0.33 | $0.39 | $0.36 | $0.36 | |
| Gross margin | 66.2% | 62.3% | 65.4% | 64.5% | 67.7% | 67.7% | |
| Operating margin | 24.1% | 23.4% | 20.7% | 25.5% | 27.4% | 27.4% |
Fiscal years (4-quarter sums)FY21 $154.6M · FY22 $177.9M · FY23 $255.2M · FY24 $269.4M · FY25 $278.1M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $164.8M · Total debt $455.4M · Total assets $7.14B · Shareholders' equity $784.0M
Dividends
Raised for 15 straight years — most recently to $0.17 from $0.16 in Dec 2022. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 12, 2026 | Jun 12 | Jun 30 | $0.17 | |
| Feb 13, 2026 | Feb 13 | Feb 27 | $0.17 | |
| Dec 12, 2025 | Dec 12 | Dec 31 | $0.17 | |
| Sep 12, 2025 | Sep 12 | Sep 30 | $0.17 | |
| Jun 13, 2025 | Jun 13 | Jun 30 | $0.17 | |
| Mar 14, 2025 | Mar 14 | Mar 31 | $0.17 | |
| Dec 13, 2024 | Dec 13 | Dec 31 | $0.17 | |
| Sep 13, 2024 | Sep 13 | Sep 30 | $0.17 |
Ownership
Shares outstanding 44.47M · Float 43.28M · 97.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.80M | 10.79% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 2.48M | 5.59% | 13F | Aug 13, 2026 |
| State Street Corp | 1.99M | 4.48% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 1.57M | 3.53% | 13F | Aug 11, 2026 |
| Geode Capital Management, LLC | 1.52M | 3.43% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 6, 2026 | Mark J. Wenick | officer: SEVP/Chief Wealth Mgt Officer | −5,000 | $15.97 |
| Jun 22, 2026 | Michael C. Voinovich | director | −23,309 | $14.21 |
| Mar 26, 2026 | Nicholas D. Varischetti | director | +75,000 | $12.97 |
| Mar 19, 2026 | Gina A. Richardson | director | +441 | $12.43 |
| Mar 5, 2026 | Gina A. Richardson | director | +1,231 | $12.91 |
Peers
- WesBanco
Overlaps in Youngstown banking, trust services, and Beaver County, PA markets
- Huntington Bancshares
Runs branches in Canfield and Mahoning Valley despite vastly larger scale
- First Commonwealth Financial
Overlaps in Stark County, OH and Beaver/Clearfield County, PA banking markets
- CNB Financial
Overlaps via ERIEBANK's Cuyahoga/Geauga branches and trust/wealth services
- Northwest Bancshares
Overlapping Venango County PA branches and competing trust/wealth services
- S&T Bancorp
Overlapping Summit County, Ohio branches and nearby western PA banking markets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Farmers National Banc | $15.68 | −0.10% | $697.3M | 10.9 | 9.3 | 2.4 | +49.8% |
| WesBanco | $40.42 | 0.00% | $3.88B | 11.4 | 11.1 | 2.6 | +6.3% |
| Huntington Bancshares | $16.95 | +0.18% | $34.19B | 12.6 | 9.8 | 2.4 | +47.4% |
| First Commonwealth Financial | $20.85 | +0.05% | $2.12B | 12.8 | 11.2 | 3.4 | +6.5% |
| CNB Financial | $34.01 | +0.12% | $1.01B | 11.0 | 9.5 | 2.1 | +55.7% |
| Northwest Bancshares | $15.34 | 0.00% | $2.25B | 14.9 | 10.9 | 2.7 | +21.2% |
| S&T Bancorp | $49.79 | −0.02% | $1.76B | 13.3 | 12.6 | 3.1 | +5.2% |
| Median | 12.7 | 11.0 | 2.6 | +13.8% |