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Jun 30, 2023
Farmers National Q2 2023 Earnings Report
Farmers National Banc Corp. reported net income of $15.0 million for the second quarter of 2023.
Key Takeaways
Farmers National Banc Corp. reported a net income of $15.0 million, or $0.40 per diluted share, for the three months ended June 30, 2023. The company's total assets were $5.07 billion at June 30, 2023.
Earnings per diluted share of $0.40 ($0.41 excluding certain items, non-GAAP) for the second quarter of 2023
162 consecutive quarters of profitability
Additional FHLB borrowing capacity of $707.8 million as of June 30, 2023
Uninsured deposits (excluding collateralized deposits) are approximately 15.0% of customer deposit base
Farmers National
Farmers National
Forward Guidance
Farmers National Banc Corp. will continue to focus on prudent expense management, growing revenue, and maintaining a strong balance sheet, while supporting the communities and investing in growth strategies.