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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
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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