Logotype for Farmers National Banc Corp

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.
Logotype for Farmers National Banc Corp
M&A Announcement summary22 Oct, 2025

Deal rationale and strategic fit

  • The merger creates a premier Midwest community banking franchise with over $7.4 billion in assets and 84 branches, expanding scale and market reach in Central, Northeast, and Western Ohio, including Columbus.

  • Highly complementary geographic footprints and shared values support long-term growth and reinforce dominance in legacy markets.

  • The deal accelerates entry into high-growth regions and enhances product offerings, digital capabilities, and wealth management.

  • The combined company will operate under a unified brand, creating significant market fill-in opportunities and positioning as a leading community bank.

  • Shared culture and vision for growth strengthen community presence and stakeholder value.

Financial terms and conditions

  • Structured as a 100% all-stock transaction: Middlefield shareholders receive 2.6 shares for each share held.

  • Transaction valued at $299 million, or $36.17 per share, with a 64%/36% post-merger ownership split.

  • Purchase price is 163.5% of tangible book value and 14.1x LTM earnings, with an 87.4% pay-to-trade ratio.

  • Day 1 tangible book value dilution of 4.4%, with a payback period of three years and an internal rate of return of ~20%.

  • Merger qualifies as a tax-free reorganization.

Synergies and expected cost savings

  • Targeting 38% cost savings based on Middlefield's expense run rate, with 80% realized within 12 months post-close and full run-rate by December 2026.

  • $2 million annual savings expected from core platform conversion, with most savings realized post-August 2026.

  • Additional one-time core conversion costs of $750,000 anticipated in late 2026.

  • Enhanced profitability through increased operating leverage and cross-selling opportunities.

  • Deal value/2027E net income plus fully phased cost saves at 7.7x.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Farmers National Banc earnings date

Logotype for Farmers National Banc Corp
Q4 202529 Jan, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Farmers National Banc earnings date

Logotype for Farmers National Banc Corp
Q4 202529 Jan, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

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.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage