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Farmers National Banc (FMNB) investor relations material
Farmers National Banc M&A Announcement summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.M&A Announcement summary22 Oct, 2025
Deal rationale and strategic fit
Creates a premier Midwest community banking franchise with over $7 billion in assets and 83–84 branches across Ohio and Western Pennsylvania, expanding scale and market reach.
Expands presence in Central, Western, and Northeast Ohio, accelerating growth in the Columbus market and reinforcing dominance in legacy markets.
Combines two high-performing banks with complementary markets, shared values, and a vision for growth, strengthening community presence.
Enhances product offerings, digital capabilities, and wealth management services for customers while maintaining personalized service.
Enables greater ability to compete for loan growth in demographically rich markets with a larger legal lending limit.
Financial terms and conditions
All-stock transaction: Middlefield shareholders receive 2.60 shares of Farmers' stock per Middlefield share.
Transaction valued at $299 million, or $36.17 per share, representing 163.5% of tangible book value and 14.1x LTM earnings.
Post-merger ownership split is 64%/36%.
Day 1 tangible book value dilution of 4.4%, with a payback period of about three years.
Merger qualifies as a tax-free reorganization.
Synergies and expected cost savings
Estimated 38% cost savings based on Middlefield's expense run rate, with 80% realized within 12 months post-close.
$2 million annual savings expected from core platform conversion, with most savings realized by end of 2026 and into 2027.
Additional one-time core conversion costs of approximately $750,000 anticipated in 2026.
Enhanced profitability through increased operating leverage and cross-selling opportunities.
Deal value/2027E net income plus fully phased cost saves at 7.7x.
Break down total cost savings components.
Post-merger balance sheet restructuring plans?
Beyond loan growth, what are key growth drivers?
Partial view of Summaries dataset, powered by Quartr API
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Next Farmers National Banc earnings date
Q4 202526 Jan, 2026
Next Farmers National Banc earnings date
Q4 202526 Jan, 2026
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Frequently asked questions
Farmers National Banc Corp. is a diversified financial services company that operates as the holding company for The Farmers National Bank of Canfield. The company provides a wide range of banking services, including commercial and retail banking through its 65 locations across Ohio and Pennsylvania. Its key offerings include checking and savings accounts, commercial and mortgage loans, home equity lines of credit, and online banking services. Additionally, Farmers National Banc Corp. provides trust and retirement services through Farmers Trust Company and insurance products via Farmers National Insurance, LLC. The company is headquartered in Canfield, Ohio, and its shares are listed on the NASDAQ.
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