Overview

* Farmers National Banc ( FMNB ) Q2 net income rises to $13.9 mln from $11.8 mln yr/yr

* Net interest margin improves to 2.91% from 2.71% yr/yr

* Pretax profit misses analyst expectations, per LSEG data

Outlook

* Company anticipates continued rate volatility in bond market affecting portfolio value

* Farmers expects net interest margin expansion in 2025 contingent on Fed rate cuts

* Company highlights growth in fee-based lines of business for future revenue

Result Drivers

* LOAN GROWTH - Strong loan growth, particularly in commercial loans, contributed to higher net interest income

* NET INTEREST MARGIN - Improvement driven by higher yields on earning assets and lower funding costs

* NONINTEREST INCOME - Increase due to improved performance in fee-based lines and reduced securities losses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.37

Q2 Net $13.91

Income mln

Q2 Net $34.92

Interest mln

Income

Q2 Miss $16.32 $16.90

Pretax mln mln (2

Profit Analysts

)

Q2 $3.55

Credit mln

Loss

Provisio

n

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)