Farmers National Banc (FMNB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Farmers National Banc

NasdaqCM•Financial Services•Banks - Regional

$16.07+0.25(0.02%)Market closed

Market Cap

$923.45M

P/E

13.9x

P/S

2.9x

P/B

1.2x

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield that engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It offers commercial and retail banking services, including checking, savings, and time deposit accounts; commercial, mortgage and installment, and home equity loans; home equity lines of credit; and night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, brokerage, and other services. The company also provides personal and corporate trust services in the areas of estate settlement, trust administration, employee benefit plans, and retirement services; and various insurance products through licensed representatives, as well as invests in municipal securities. Farmers National Banc Corp. was founded in 1887 and is headquartered in Canfield, Ohio.

How this company scores

WeakMetricSide Score: 82/100

Grade capped at D — Interest coverage below 1× (0.9x) — earnings cannot cover interest. Strongest: Growth (22/25); weakest: Balance Sheet & Red Flags (18/25).

Profitability21/25

Growth22/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality21/25

Strengths

Growing revenueStrong marginsRising earningsLow leverage

Grade capped at D

Interest coverage below 1× (0.9x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 13.9x5y range 7.6x – 13.9x

Currently above its 20-quarter median.

P/S · 2.9x5y range 1.8x – 3.2x

Currently near its 20-quarter median.

P/B · 1.2x5y range 0.8x – 2.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Share Dilution

Red Flag

Shares outstanding increased 58.0% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $923.45M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $323.62M
Q. Revenue: $100.51M
TTM EBITDA: $87.49M
TTM Op. Income: $79.86M
Q. Op. Income: $27.50M
TTM Net Income: $66.40M
Q. Net Income: $23.04M
EPS: $0.39
Shares Out.: $59.01M

$323.62M in TTM revenue grew 16.7% YoY, reaching $100.51M last quarter. TTM EBITDA of $87.49M and TTM operating income of $79.86M show growth is flowing through to the bottom line. TTM net income of $66.40M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 70.1%
EBITDA Margin: 28.5%
Op. Margin: 27.4%
Net Margin: 22.9%

Op. margin of 27.4% is up 4.0% YoY — cost efficiency is improving. Net margin at 22.9% and gross margin of 70.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 17% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 13.9x
P/S Ratio: 2.9x
P/B Ratio: 1.2x

At 13.9x P/E, the stock trades below typical market levels. P/S of 2.9x and P/B of 1.2x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.14B
Cash: $164.75M
Long-Term Debt: $94.37M
Book Value: $783.95M
D/E Ratio: 0.1
Debt/EBITDA: 3.3

With $7.14B in assets and $94.37M in long-term debt, D/E is 0.1and book value is $783.95M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 6 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $26.53M
TTM Free Cash Flow: $60.61M
FCF Margin: 18.7%
FCF / Net Income: 0.9

TTM FCF of $60.61M on $26.53M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 13% — an improving trend.