Farmers National Banc Q3 EPS $0.25 vs $0.33 a year ago on $10.3M securities loss
Farmers National Banc Corp. reported third-quarter 2026 net income of $14.5 million, or $0.25 per diluted share, down from $12.5 million, or $0.33, a year earlier. A $10.3 million loss on a securities restructuring and $6.1 million in acquisition and core conversion costs weighed on profit, while net interest income rose to $57.9 million from $36.3 million, largely due to the Middlefield acquisition. Reported profit fell year over year even as revenue grew, and the company expects to begin realizing the financial benefits of its initiatives in the fourth quarter.
Key points
- Q3 2026 net income was $14.5 million, or $0.25 per diluted share, versus $12.5 million, or $0.33, in Q3 2025; excluding certain items (non-GAAP), EPS was $0.47.
- Net interest income rose to $57.9 million from $36.3 million, driven by the March 2, 2026 acquisition of Middlefield Banc Corp.
- Securities restructuring produced a $10.3 million loss, and acquisition and core conversion costs totaled $6.1 million in the quarter.
- The company expects net interest margin of about 3.43% to 3.46% in Q4 2026 and intends to pay off $72.0 million of subordinated notes on December 15, 2026.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.