Farmers National Banc (FMNB)
Operator of a century-old community bank grown through acquisitions across Ohio and western Pennsylvania.
Something off on this page? Send us feedback.
Provides commercial and retail banking alongside trust, wealth-management, and insurance services through a network anchored in northeastern Ohio and extending into western Pennsylvania. Rather than growing organically, the bank — chartered in 1887 in Canfield, Ohio — has expanded mainly by acquiring a series of smaller community banks over the past decade.
Commercial and retail banking runs through The Farmers National Bank of Canfield, chartered in Ohio in 1887 — deposit accounts alongside commercial and mortgage lending. Farmers Trust Company adds personal and corporate trust, retirement-plan, and wealth-management services, and an affiliated insurance agency distributes property and life coverage.
The branch network is concentrated in northeastern Ohio's Mahoning Valley and reaches into western and central Pennsylvania, expanding into adjacent counties rather than distant markets.
Growth has come almost entirely from acquiring smaller community banks — seven such deals over the past decade — rather than from new branches or new products.
An election as a financial holding company under federal banking law sets the boundaries of the insurance, securities, and other nonbank activities it can add alongside traditional deposit-taking.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Nov 21, 2025 | Piper Sandler | Target | Target: $16 | Target: $14 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $164.8M · Total debt $455.4M · Total assets $7.14B · Shareholders' equity $784.0M
- Revenue
- $72.8M
- Operating income
- $20.0M
- Net income
- $16.3M
HistoryDividendAnnual yield
| Institutions | ≈ 42.81% | 25.37M shares | |
|---|---|---|---|
| 182 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 2.37% | 1.41M shares | |
| 22 holders · as of Sep 22, 2026 | |||
| Other | ≈ 54.82% | 32.48M shares | |
| remainder | |||
59.25M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (59.25M in the company's Sep 22, 2026 report, 44.47M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.10% | 4.80M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.19% | 2.48M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.36% | 1.99M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 2.65% | 1.57M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.57% | 1.52M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 21, 2026 | Gina A. Richardson | director | +1,430 | $15.35 |
| Aug 6, 2026 | Mark J. Wenick | officer: SEVP/Chief Wealth Mgt Officer | −5,000 | $15.97 |
| Jun 22, 2026 | Michael C. Voinovich | director | −23,309 | $14.21 |
| Mar 26, 2026 | Nicholas D. Varischetti | director | +75,000 | $12.97 |
| Mar 19, 2026 | Gina A. Richardson | director | +441 | $12.43 |
- WesBanco
Overlaps in Youngstown banking, trust services, and Beaver County, PA markets
- Huntington Bancshares
Runs branches in Canfield and Mahoning Valley despite vastly larger scale
- First Commonwealth Financial
Overlaps in Stark County, OH and Beaver/Clearfield County, PA banking markets
- CNB Financial
Overlaps via ERIEBANK's Cuyahoga/Geauga branches and trust/wealth services
- Northwest Bancshares
Overlapping Venango County PA branches and competing trust/wealth services
- S&T Bancorp
Overlapping Summit County, Ohio branches and nearby western PA banking markets
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Farmers National Banc | $15.32 | +0.07% | $681.0M | 10.6 | 9.0 | 2.4 | +49.8% |
| WesBanco | $38.49 | 0.00% | $3.75B | 11.0 | 10.6 | 2.5 | +6.3% |
| Huntington Bancshares | $15.70 | +0.10% | $32.41B | 12.0 | 9.2 | 2.2 | +47.4% |
| First Commonwealth Financial | $20.74 | −0.02% | $2.14B | 12.9 | 11.1 | 3.4 | +6.5% |
| CNB Financial | $33.72 | −0.12% | $1.01B | 11.0 | 9.5 | 2.1 | +55.7% |
| Northwest Bancshares | $15.21 | −0.03% | $2.24B | 14.8 | 10.8 | 2.7 | +21.2% |
| S&T Bancorp | $49.25 | 0.00% | $1.75B | 13.3 | 12.4 | 3.1 | +5.2% |
| Median | 12.4 | 10.7 | 2.6 | +13.8% |