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FARMERS NATL BANC CORP (FMNB) Stock Fundamental Analysis

USA - NASDAQ:FMNB - US3096271073 - Common Stock

14.83 USD
+0.2 (+1.37%)
Last: 9/23/2025, 10:04:15 AM
Fundamental Rating

4

Overall FMNB gets a fundamental rating of 4 out of 10. We evaluated FMNB against 392 industry peers in the Banks industry. FMNB has a medium profitability rating, but doesn't score so well on its financial health evaluation. FMNB has a decent growth rate and is not valued too expensively. FMNB also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year FMNB was profitable.
In the past year FMNB had a positive cash flow from operations.
Each year in the past 5 years FMNB has been profitable.
FMNB had a positive operating cash flow in each of the past 5 years.
FMNB Yearly Net Income VS EBIT VS OCF VS FCFFMNB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

1.2 Ratios

With a decent Return On Assets value of 0.97%, FMNB is doing good in the industry, outperforming 61.22% of the companies in the same industry.
The Return On Equity of FMNB (11.52%) is better than 79.85% of its industry peers.
Industry RankSector Rank
ROA 0.97%
ROE 11.52%
ROIC N/A
ROA(3y)1.12%
ROA(5y)1.2%
ROE(3y)14.8%
ROE(5y)13.47%
ROIC(3y)N/A
ROIC(5y)N/A
FMNB Yearly ROA, ROE, ROICFMNB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

The Profit Margin of FMNB (27.99%) is better than 73.98% of its industry peers.
FMNB's Profit Margin has declined in the last couple of years.
FMNB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 27.99%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-8.64%
PM growth 5Y-3.59%
GM growth 3YN/A
GM growth 5YN/A
FMNB Yearly Profit, Operating, Gross MarginsFMNB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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2

2. Health

2.1 Basic Checks

FMNB does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FMNB has been increased compared to 1 year ago.
FMNB has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, FMNB has an improved debt to assets ratio.
FMNB Yearly Shares OutstandingFMNB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
FMNB Yearly Total Debt VS Total AssetsFMNB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

The Debt to FCF ratio of FMNB is 1.61, which is an excellent value as it means it would take FMNB, only 1.61 years of fcf income to pay off all of its debts.
FMNB has a Debt to FCF ratio of 1.61. This is comparable to the rest of the industry: FMNB outperforms 55.61% of its industry peers.
A Debt/Equity ratio of 0.20 indicates that FMNB is not too dependend on debt financing.
The Debt to Equity ratio of FMNB (0.20) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 1.61
Altman-Z N/A
ROIC/WACCN/A
WACC14.52%
FMNB Yearly LT Debt VS Equity VS FCFFMNB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FMNB Yearly Current Assets VS Current LiabilitesFMNB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2022 2023 2024 50M 100M 150M 200M

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5

3. Growth

3.1 Past

FMNB shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.76%.
FMNB shows a small growth in Revenue. In the last year, the Revenue has grown by 5.75%.
FMNB shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.03% yearly.
EPS 1Y (TTM)-6.76%
EPS 3Y-12.26%
EPS 5Y0%
EPS Q2Q%12.12%
Revenue 1Y (TTM)5.75%
Revenue growth 3Y5.17%
Revenue growth 5Y9.03%
Sales Q2Q%12.89%

3.2 Future

FMNB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.96% yearly.
The Revenue is expected to grow by 9.13% on average over the next years. This is quite good.
EPS Next Y25.72%
EPS Next 2Y16.96%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year9.94%
Revenue Next 2Y9.13%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
FMNB Yearly Revenue VS EstimatesFMNB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M
FMNB Yearly EPS VS EstimatesFMNB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

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6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 10.75 indicates a reasonable valuation of FMNB.
FMNB's Price/Earnings ratio is a bit cheaper when compared to the industry. FMNB is cheaper than 75.51% of the companies in the same industry.
FMNB is valuated cheaply when we compare the Price/Earnings ratio to 27.41, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 8.40, the valuation of FMNB can be described as very reasonable.
Based on the Price/Forward Earnings ratio, FMNB is valued cheaply inside the industry as 82.40% of the companies are valued more expensively.
FMNB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.87.
Industry RankSector Rank
PE 10.75
Fwd PE 8.4
FMNB Price Earnings VS Forward Price EarningsFMNB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of FMNB indicates a somewhat cheap valuation: FMNB is cheaper than 67.60% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 10.41
EV/EBITDA N/A
FMNB Per share dataFMNB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

FMNB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FMNB's earnings are expected to grow with 16.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.42
PEG (5Y)N/A
EPS Next 2Y16.96%
EPS Next 3YN/A

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9

5. Dividend

5.1 Amount

FMNB has a Yearly Dividend Yield of 4.51%, which is a nice return.
FMNB's Dividend Yield is rather good when compared to the industry average which is at 3.47. FMNB pays more dividend than 80.61% of the companies in the same industry.
FMNB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
Industry RankSector Rank
Dividend Yield 4.51%

5.2 History

The dividend of FMNB is nicely growing with an annual growth rate of 12.23%!
FMNB has paid a dividend for at least 10 years, which is a reliable track record.
FMNB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)12.23%
Div Incr Years0
Div Non Decr Years14
FMNB Yearly Dividends per shareFMNB Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

FMNB pays out 50.44% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of FMNB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP50.44%
EPS Next 2Y16.96%
EPS Next 3YN/A
FMNB Yearly Income VS Free CF VS DividendFMNB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
FMNB Dividend Payout.FMNB Dividend Payout, showing the Payout Ratio.FMNB Dividend Payout.PayoutRetained Earnings

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FARMERS NATL BANC CORP

NASDAQ:FMNB (9/23/2025, 10:04:15 AM)

14.83

+0.2 (+1.37%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-23 2025-07-23/bmo
Earnings (Next)10-21 2025-10-21/bmo
Inst Owners40.6%
Inst Owner Change0.48%
Ins Owners2.6%
Ins Owner Change0.53%
Market Cap558.35M
Analysts80
Price Target15.81 (6.61%)
Short Float %0.67%
Short Ratio2.56
Dividend
Industry RankSector Rank
Dividend Yield 4.51%
Yearly Dividend0.68
Dividend Growth(5Y)12.23%
DP50.44%
Div Incr Years0
Div Non Decr Years14
Ex-Date09-12 2025-09-12 (0.17)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.97%
Min EPS beat(2)-0.62%
Max EPS beat(2)12.57%
EPS beat(4)2
Avg EPS beat(4)-2.83%
Min EPS beat(4)-34.64%
Max EPS beat(4)12.57%
EPS beat(8)5
Avg EPS beat(8)1.13%
EPS beat(12)7
Avg EPS beat(12)1.43%
EPS beat(16)8
Avg EPS beat(16)-0.78%
Revenue beat(2)1
Avg Revenue beat(2)-2.7%
Min Revenue beat(2)-5.65%
Max Revenue beat(2)0.26%
Revenue beat(4)1
Avg Revenue beat(4)-2.32%
Min Revenue beat(4)-5.65%
Max Revenue beat(4)0.26%
Revenue beat(8)2
Avg Revenue beat(8)-2.97%
Revenue beat(12)2
Avg Revenue beat(12)-4.11%
Revenue beat(16)2
Avg Revenue beat(16)-3.99%
PT rev (1m)0%
PT rev (3m)8.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)10.76%
EPS NY rev (1m)0%
EPS NY rev (3m)6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.48%
Valuation
Industry RankSector Rank
PE 10.75
Fwd PE 8.4
P/S 3.1
P/FCF 10.41
P/OCF 8.38
P/B 1.28
P/tB 2.22
EV/EBITDA N/A
EPS(TTM)1.38
EY9.31%
EPS(NY)1.76
Fwd EY11.9%
FCF(TTM)1.43
FCFY9.61%
OCF(TTM)1.77
OCFY11.94%
SpS4.78
BVpS11.63
TBVpS6.67
PEG (NY)0.42
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.97%
ROE 11.52%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 27.99%
GM N/A
FCFM 29.79%
ROA(3y)1.12%
ROA(5y)1.2%
ROE(3y)14.8%
ROE(5y)13.47%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-8.64%
PM growth 5Y-3.59%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 1.61
Debt/EBITDA N/A
Cap/Depr 195.67%
Cap/Sales 7.22%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 106.43%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC14.52%
ROIC/WACCN/A
Cap/Depr(3y)116.02%
Cap/Depr(5y)101.13%
Cap/Sales(3y)4.16%
Cap/Sales(5y)3.24%
Profit Quality(3y)121.85%
Profit Quality(5y)115.44%
High Growth Momentum
Growth
EPS 1Y (TTM)-6.76%
EPS 3Y-12.26%
EPS 5Y0%
EPS Q2Q%12.12%
EPS Next Y25.72%
EPS Next 2Y16.96%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.75%
Revenue growth 3Y5.17%
Revenue growth 5Y9.03%
Sales Q2Q%12.89%
Revenue Next Year9.94%
Revenue Next 2Y9.13%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-21.9%
FCF growth 3Y0.85%
FCF growth 5Y8.05%
OCF growth 1Y-7.85%
OCF growth 3Y6.64%
OCF growth 5Y11.44%