Farmers National Banc Corp. (FMNB) reported net income of $11.2 million, or $0.30 per share, for the first quarter compared to $7.1 million, or $0.19 per share, a year ago. Net income for the first quarter of 2024 included a pretax item of $2.1 million for the loss on the sale of investment securities. Excluding this, net income for the first quarter of 2024 was $12.9 million, or $0.34 per share. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.33, for the quarter. Analysts' estimates typically exclude special items.
Net interest income was $31.7 million compared to $36.6 million, last year. Noninterest income was $8.4 million compared to $10.4 million, prior year. Analysts on average had estimated $42.29 million in revenue.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.