Farmers National Banc Q3 Profit Beats Estimates at 47 Cents Per Share, Revenue Misses

CANFIELD, Ohio — Farmers National Banc Corp. (FMNB) on Wednesday reported third-quarter profit of $14.5 million, with adjusted earnings of 47 cents per share topping Wall Street expectations. The Canfield, Ohio-based bank's earnings, adjusted for non-recurring costs, exceeded the 41-cent average estimate of three analysts surveyed by Zacks Investment Research. Net income came in at 25 cents per share. Revenue totaled $96.4 million for the period, while revenue net of interest expense was $65.9 million — below the $70.6 million three analysts had forecast.