Revenue: As of FY2026 Q2, the actual value is USD 70.45 M.

EPS: As of FY2026 Q2, the actual value is USD 0.39, beating the estimate of USD 0.3433.

EBIT: As of FY2026 Q2, the actual value is USD 27.13 M.

Net Income

Farmers National Banc Corp. reported net income of $23.0 million for the second quarter of 2026, compared to $13.9 million for the second quarter of 2025. Excluding acquisition and core conversion costs, adjusted net income for the second quarter of 2026 was $24.4 million. For the six months ended June 30, 2026, net income was $39,299 thousand, a 43.0% increase from $27,488 thousand in the same period of 2025.

Operational Metrics

Net Interest Income

Net interest income increased to $56.0 million in the second quarter of 2026, up from $34.9 million in the second quarter of 2025. For the first six months of 2026, net interest income was $98,599 thousand, a 42.7% increase from $69,116 thousand in the prior year period.

Net Interest Margin

The net interest margin improved to 3.44% in the second quarter of 2026, compared to 3.12% in the first quarter of 2026 and 2.91% in the second quarter of 2025. Excluding acquisition marks, the non-GAAP net interest margin was 3.28% in the second quarter of 2026, up from 2.77% in the second quarter of 2025.

Noninterest Income

Noninterest income increased to $14.4 million in the second quarter of 2026 from $12.1 million in the second quarter of 2025. For the six months ended June 30, 2026, noninterest income was $28,100 thousand, a 24.3% increase from $22,603 thousand in the prior year period.

Noninterest Expense

Noninterest expense increased to $40.9 million in the second quarter of 2026 from $27.2 million in the second quarter of 2025, primarily due to the Middlefield acquisition and $1.7 million in acquisition and core conversion costs.

Efficiency Ratio

The efficiency ratio was 55.6% in the second quarter of 2026, compared to 56.66% in the second quarter of 2025. Excluding acquisition and core conversion costs (non-GAAP), the efficiency ratio was 53.2% in the second quarter of 2026, down from 55.66% in the second quarter of 2025.

Provision for Credit Losses

The provision for credit losses and unfunded commitments was $2.4 million in the second quarter of 2026, compared to $3.5 million in the second quarter of 2025.

Annualized Net Charge-offs

Annualized net charge-offs as a percentage of average loans were 0.30% in the second quarter of 2026, compared to 0.07% in the second quarter of 2025.

Balance Sheet

Total Assets

Total assets were $7.14 billion at June 30, 2026, a decrease from $7.18 billion at March 31, 2026, but an increase from $5.25 billion at December 31, 2025, largely due to the Middlefield acquisition.

Total Loans (Net)

Total loans, net of allowance, decreased to $4.72 billion at June 30, 2026, from $4.75 billion at March 31, 2026, but increased from $3.27 billion at December 31, 2025, due to the Middlefield acquisition.

Securities Available for Sale

Securities available for sale were $1.47 billion at June 30, 2026, a slight decrease from $1.48 billion at March 31, 2026, but an increase from $1.34 billion at December 31, 2025.

Total Deposits

Total deposits declined to $5.83 billion at June 30, 2026, from $5.92 billion at March 31, 2026, but increased from $4.34 billion at December 31, 2025, primarily due to the Middlefield acquisition.

Total Stockholders’ Equity

Total stockholders’ equity increased to $784.0 million at June 30, 2026, from $766.9 million at March 31, 2026, and $485.7 million at December 31, 2025, driven by the Middlefield acquisition and earnings.

Credit Quality

Non-performing Loans

Non-performing loans declined to $44.6 million at June 30, 2026, from $59.9 million at March 31, 2026, representing a 25.4% decrease during the quarter. Non-performing loans to total loans were 0.93% at June 30, 2026, down from 1.25% at March 31, 2026.

Unique Metrics

Profitability Streak

Farmers National Banc Corp. reported 174 consecutive quarters of profitability.

Commercial Lending Fundings

Commercial lending fundings accelerated significantly during the second quarter, reaching approximately $175.0 million, an 181% increase over the first quarter.

Unfunded Commercial Balances

Unfunded commercial balances expanded by approximately $40.0 million, or 9%, since the end of March, reflecting continued growth in committed business and lending activity.

Liquidity

The Company had access to an additional $608.5 million in FHLB borrowing capacity at June 30, 2026, and $415.3 million in available for sale securities available for pledging. The loan to deposit ratio was 81.9% at June 30, 2026.

Outlook / Guidance

Farmers National Banc Corp. expects commercial loan payoffs to return to normal levels in the third quarter. The Company anticipates continued rate volatility in the bond market in 2026, which will affect the value of the securities portfolio. The net interest margin is expected to settle into a range of approximately 3.34% to 3.37% in the third quarter of 2026.