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CANFIELD, Ohio - Farmers National Banc Corp. (NASDAQ: FMNB) has announced a quarterly cash dividend of $0.17 per share, as confirmed by its Board of Directors on Tuesday. Shareholders on record as of June 13, 2025, will be eligible for the dividend, which is scheduled for disbursement on June 30, 2025. According to InvestingPro data, the company has maintained dividend payments for 32 consecutive years, with the current annual dividend yield standing at an attractive 5.22%.
The declaration of this dividend continues the financial institution’s practice of providing returns to its shareholders and reflects its ongoing financial performance. Farmers National Banc Corp., with a history dating back to 1887, has grown into a diversified financial services entity. As of March 31, 2025, the company reported banking assets totaling $5.2 billion and wealth management assets under care amounting to $4.3 billion. With a market capitalization of approximately $500 million and a P/E ratio of 10.33, InvestingPro analysis suggests the stock is currently trading slightly below its Fair Value.
The company operates through its wholly-owned subsidiaries, including The Farmers National Bank of Canfield, which conducts commercial and retail banking across numerous locations in Ohio and Pennsylvania. In addition to banking services, Farmers National Banc Corp. offers trust services through Farmers Trust Company and insurance products via Farmers National Insurance, LLC.
The decision to issue a dividend is part of the company’s commitment to shareholder value and is based on its financial health and outlook. This financial event is expected to be of interest to current and potential investors, providing insight into the company’s capital allocation strategies.
The information regarding the dividend declaration is based on a press release statement from Farmers National Banc Corp.
In other recent news, Farmers National Banc reported strong first-quarter results with revenues exceeding expectations. The bank’s pre-tax, pre-provision income was higher than anticipated due to increased net interest income and fees. The net interest margin also surpassed projections, aided by a significant decrease in funding costs. Despite these positive developments, Farmers National Banc is facing challenges in loan growth, and expenses are expected to rise due to acquisition-related impacts. Raymond James maintained an Outperform rating on the bank but lowered the price target from $17.00 to $15.00. The firm cited the bank’s conservative credit stance and favorable risk-reward dynamic as reasons for maintaining the positive rating. The restructuring of securities and further rate cuts are expected to support continued expansion of the net interest margin. Additionally, an adjustment in accumulated other comprehensive income has boosted the bank’s tangible common equity. These developments present a mixed outlook for the bank, with both opportunities and challenges ahead.
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