FMNBMEDIUM SIGNALOPERATIONAL10-K

FMNB significantly enhanced its cybersecurity risk management framework while completing integration activities from its 2023 Emclaire acquisition.

The company has formalized its information security governance structure with clearly defined roles for Chief Risk Officer and Chief Information Officer, indicating a proactive approach to cybersecurity threats that are increasingly material for financial institutions. The removal of merger-related language suggests the integration of the 19-branch Emclaire acquisition is substantially complete, allowing management to focus on operational optimization and organic growth initiatives.

Comparing 2026-03-05 vs 2025-03-06View on EDGAR →
FINANCIAL ANALYSIS

FMNB delivered solid financial performance with net income growing 18.8% to $54.6 million and stockholders' equity expanding meaningfully to $485.7 million, reflecting retained earnings growth and strong capital generation. The company reduced capital expenditures by approximately one-third to $7.9 million while cash and equivalents declined 28% to $37.8 million, suggesting more efficient capital deployment and potentially higher loan growth as excess liquidity is put to work. Overall, the metrics indicate a well-capitalized institution transitioning from acquisition integration to organic growth mode.

FINANCIAL STATEMENT CHANGES
Capital Expenditure
Cash Flow
-32.8%
$11.7M→$7.9M

Capex reduced 32.8% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Cash & Equivalents
Balance Sheet
-28%
$52.4M→$37.8M

Cash decreased 28% — monitor burn rate and upcoming capital needs.

Stockholders Equity
Balance Sheet
+19.6%
$406.0M→$485.7M

Equity base grew 19.6% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Net Income
P&L
+18.8%
$45.9M→$54.6M

Net income grew 18.8% — bottom-line growth signals improving overall business health.

LANGUAGE CHANGES
NEW — 2026-03-05
PRIOR — 2025-03-06
ADDED
fmnb20251231_10k.htm 0000709337 FARMERS NATIONAL BANC CORP /OH/ false --12-31 FY 2025 In the ordinary course of its business, the Bank relies on electronic communications and information systems to conduct its operations and to store sensitive data, and employs a variety of preventative and detective tools to monitor, block, and provide alerts regarding suspicious activity, as well as to report on any suspected advanced persistent threats.
true true false true The Chief Risk Officer is responsible for overseeing the assessment and management of the Company's information security program.
The Chief Information Officer is responsible for execution, management, and administration of the information security tools and defenses of the program.
The Chief Risk Officer is responsible for overseeing the assessment and management of the Company's information security program.
The Chief Information Officer is responsible for execution, management, and administration of the information security tools and defenses of the program.
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REMOVED
As of June 30, 2024, the estimated aggregate market value of the registrant s common shares, no par value (the only common equity of the registrant), held by non-affiliates of the registrant was approximately $ 450.8 million based upon the last sales price as of June 28, 2024 reported on NASDAQ.
The Farmers National Bank of Canfield On January 1, 2023, Farmers National Banc Corp.
(the Company ) completed its previously announced merger with Emclaire Financial Corp., a Pennsylvania corporation and registered financial holding company ( Emclaire ), pursuant to the Agreement and Plan of Merger dated as of March 23, 2022, by and among the Company, FMNB Merger Subsidiary V, LLC, a wholly owned subsidiary of Farmers ( Merger Sub ), and Emclaire (the Merger Agreement ).
Pursuant to the terms of the Merger Agreement, at the effective time of the Merger (the Effective Time ) Emclaire merged with and into Merger Sub (the Merger ), with Merger Sub as the surviving entity in the Merger.
Promptly following the consummation of the Merger, Merger Sub was dissolved and liquidated and The Farmers National Bank of Emlenton, the banking subsidiary of Emclaire, merged with and into The Farmers National Bank of Canfield, the national banking subsidiary of the Company ( Farmers Bank ), with Farmers Bank as the surviving bank.
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