Farmers National Banc reports Q4 ex-items EPS 41c, consensus 35c

Reports Q4 tangible book value per share $5.71. Reports Q4 CET1 capital ratio 10.63%. Reports Q4 net charge-offs .10%. Kevin Helmick, president and CEO, stated, “Our solid fourth quarter results demonstrate our success enhancing profitability throughout an extremely challenging operating environment. This is a testament to our team’s focus on supporting our customers, maintaining excellent asset quality, and controlling operating costs. We expect the economic environment will remain fluid in 2024, but we believe Farmers is well positioned to navigate this period as a result of the value our team members provide our Ohio and Pennsylvania communities, as well as our continued focus on maintaining strong asset quality and profitability.”