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Jun 30, 2024
Farmers National Q2 2024 Earnings Report
Farmers National Banc Corp. reported earnings for the second quarter of 2024, with net income of $11.8 million and earnings per diluted share of $0.31.
Key Takeaways
Farmers National Banc Corp. reported a net income of $11.8 million, or $0.31 per diluted share, for the second quarter of 2024. The results reflect strong loan growth and sequential improvement in net interest income, with a continued focus on asset quality.
Earnings per diluted share of $0.31 ($0.33 excluding certain items, non-GAAP) for the second quarter of 2024.
The company achieved 166 consecutive quarters of profitability.
Net interest margin saw sequential stabilization and expansion.
Loan growth reached $56.1 million, or 7.0% annualized, for the second quarter of 2024.
Forward Guidance
Farmers National Banc Corp. anticipates total loan growth of approximately 1.5% - 2% in 2024, reflecting the challenging economic and interest rate environment, as well as the Company’s focus on maintaining excellent asset quality.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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