Loading...
•
Jun 30, 2022
Farmers National Q2 2022 Earnings Report
Farmers National Banc Corp. reported solid second quarter results, marked by loan portfolio growth.
Key Takeaways
Farmers National Banc Corp. reported a net income of $16.0 million for the second quarter of 2022, compared to $15.6 million for the same period in 2021. Diluted earnings per share were $0.47 for the second quarter of 2022, versus $0.55 for the second quarter of 2021. The company saw loan growth of $89.6 million for the quarter excluding PPP loans.
Earnings per diluted share of $0.47 ($0.49 excluding certain items, non-GAAP) for the second quarter of 2022
Loan growth of $89.6 million for the quarter excluding PPP loans, or 15.7% on an annualized basis
Efficiency ratio, (excluding certain items, non-GAAP), of 48.5% for the second quarter of 2022
Return on average assets, (excluding certain items, non-GAAP), was 1.59% for the second quarter of 2022
Farmers National
Farmers National
Forward Guidance
This earnings release contains 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.