FARMERS NATIONAL BANC CORP /OH/

FMNB · State Commercial Banks · 59.2M shares · +8%/yr ↑ dilution · EDGAR filings ↗

Net buyback after stock comp: $9M (gross $12M, SBC $3M)

Reference price $14.21 · est. market cap ~$841M — last insider sale, 2026-06-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

C66

Farmers National Banc — Ohio community bank with average returns.

Strengths

ROE 11.2% (67th pct)
Diversified wealth/insurance fees

Risks

Weak cash-flow margins (11th–12th)
Regional concentration
Rate sensitivity

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Insider buyingInsider buying — 7 open-market buy(s) by 4 insider(s) (cluster of 4 insiders, ~$2M, last 6mo) Form 4 ↗
Insider sellingInsider selling — 1 open-market sale(s) by 1 insider(s) (~$331,221, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $70M2025-09-30 · $71M2025-12-31 · $72M2026-03-31 · $81M

Last 4 quarters · from SEC filings.

Key metrics

Net margin

19.5%

Return on equity

11.2%

Return on assets

1.0%

Revenue growth (QoQ)

13.0%

Net-income growth

18.8%

Debt / equity

0.2×

Free cash flow

$52M

Tangible book value

$300M

Stock comp / revenue

0.9%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-22	Voinovich Michael C	Sell	23K	$14.21
2026-05-08	Voinovich Michael C	Grant	1.6K	—
2026-05-08	Varischetti Nicholas D	Grant	1.6K	—
2026-05-08	Thornton Andre	Grant	1.6K	—
2026-05-08	Richardson Gina A	Grant	1.6K	—
2026-05-08	Paull David Z	Grant	1.6K	—
2026-05-08	Muransky Edward	Grant	1.6K	—
2026-05-08	Moore Terry A	Grant	1.6K	—
2026-05-08	Monaco Frank J	Grant	1.6K	—
2026-05-08	KABACK NEIL J	Grant	1.6K	—
2026-05-08	DiGeronimo Kevin A	Grant	1.6K	—
2026-05-08	CULP CARL D	Grant	1.6K	—
2026-05-08	BESTIC GREGORY C	Grant	1.6K	—
2026-03-26	Varischetti Nicholas D	Buy	2.0K	$12.90
2026-03-26	Varischetti Nicholas D	Buy	73K	$12.97
2026-03-19	Richardson Gina A	Buy	441	$12.43
2026-03-11	Helmick Kevin J	Gift	3.0K	—
2026-03-11	Helmick Kevin J	Gift	1.0K	—
2026-03-11	Helmick Kevin J	Gift	1.0K	—
2026-03-11	Helmick Kevin J	Gift	1.0K	—
2026-03-05	Richardson Gina A	Buy	1.2K	$12.91
2026-03-03	Muransky Edward	Buy	40K	$12.74
2026-02-24	Wenick Mark J	Grant	2.9K	—
2026-02-24	Helmick Kevin J	Grant	8.8K	—
2026-02-24	Adair Alan Troy	Grant	3.5K	—
2026-02-24	Wallace Amber B	Grant	2.9K	—
2026-02-24	Matuszak Michael E	Grant	3.4K	—
2026-02-20	Matuszak Michael E	Tax withheld	4.2K	$13.60
2026-02-20	Wallace Amber B	Grant	5.8K	$13.60
2026-02-20	Wallace Amber B	Tax withheld	2.8K	$13.60
2026-02-20	Wenick Mark J	Grant	7.2K	$13.60
2026-02-20	Wenick Mark J	Tax withheld	3.2K	$13.60
2026-02-20	Helmick Kevin J	Grant	24K	$13.60
2026-02-20	Helmick Kevin J	Tax withheld	14K	$13.60
2026-02-20	Adair Alan Troy	Grant	8.9K	$13.60
2026-02-20	Adair Alan Troy	Tax withheld	8.5K	$13.60
2026-02-20	Matuszak Michael E	Grant	8.1K	$13.60
2026-02-02	Wallace Amber B	Buy	15	$13.02
2026-01-02	Wallace Amber B	Buy	14	$13.35
2025-12-18	CULP CARL D	Gift	3.0K	—
2025-12-04	Helmick Kevin J	Gift	4.0K	—
2025-10-30	Richardson Gina A	Buy	1.8K	$12.99
2025-10-24	Muransky Edward	Buy	74K	$13.59
2025-04-17	Paull David Z	Grant	1.8K	—
2025-04-17	Varischetti Nicholas D	Grant	1.8K	—
2025-04-17	Thornton Andre	Grant	1.8K	—
2025-04-17	Richardson Gina A	Grant	1.8K	—
2025-04-17	Muransky Edward	Grant	1.8K	—
2025-04-17	Moore Terry A	Grant	1.8K	—
2025-04-17	Monaco Frank J	Grant	1.8K	—
2025-04-17	KABACK NEIL J	Grant	1.8K	—
2025-04-17	CULP CARL D	Grant	1.8K	—
2025-04-17	BESTIC GREGORY C	Grant	1.8K	—
2025-04-01	Sabat Joseph W	Tax withheld	967	$13.16
2025-03-19	Helmick Kevin J	Gift	1.0K	—
2025-03-19	Helmick Kevin J	Gift	3.0K	—
2025-03-19	Helmick Kevin J	Gift	1.0K	—
2025-03-19	Helmick Kevin J	Gift	1.0K	—
2025-03-05	Richardson Gina A	Buy	2.3K	$13.75
2025-02-25	Shaffer Timothy F	Tax withheld	2.2K	$14.47
2025-02-25	Wenick Mark J	Grant	2.1K	—
2025-02-25	Wenick Mark J	Tax withheld	2.0K	$14.47
2025-02-25	Wallace Amber B	Grant	2.1K	—
2025-02-25	Wallace Amber B	Tax withheld	1.7K	$14.47
2025-02-25	Helmick Kevin J	Grant	7.6K	—
2025-02-25	Helmick Kevin J	Tax withheld	9.9K	$14.47
2025-02-25	Adair Alan Troy	Grant	2.6K	—
2025-02-25	Adair Alan Troy	Tax withheld	3.2K	$14.47
2025-02-23	Adair Alan Troy	Grant	5.5K	$14.32
2025-02-23	Wenick Mark J	Grant	5.2K	$14.32
2025-02-23	Wenick Mark J	Tax withheld	2.3K	$14.32
2025-02-23	Wallace Amber B	Grant	3.4K	$14.32
2025-02-23	Wallace Amber B	Tax withheld	1.6K	$14.32
2025-02-23	Shaffer Timothy F	Grant	4.5K	$14.32
2025-02-23	Shaffer Timothy F	Tax withheld	2.6K	$14.32
2025-02-23	Helmick Kevin J	Grant	15K	$14.32
2025-02-23	Adair Alan Troy	Tax withheld	3.2K	$14.32
2025-02-23	Helmick Kevin J	Tax withheld	9.0K	$14.32
2025-01-31	MACALI RALPH D	Sell	14K	$14.00
2025-01-06	MACALI RALPH D	Gift	100	—
2025-01-03	Matuszak Michael E	Tax withheld	2.4K	$13.91
2025-01-02	Sabat Joseph W	Buy	88	$14.26

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-05-12	Exhibits	filing ↗
2026-04-22	ResultsReg FDExhibits	filing ↗
2026-04-16	Exec/director changeShareholder voteExhibits	filing ↗
2026-03-17	Reg FDExhibits	filing ↗
2026-03-02	Acquisition/dispositionExec/director changeOtherExhibits	filing ↗
2026-02-10	5.03Shareholder voteReg FDExhibits	filing ↗
2026-02-05	Reg FDExhibits	filing ↗
2026-01-28	ResultsReg FDExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K/A	2026-05-12	2026-03-02	0001437749-26-016395 ↗
10-Q	2026-05-07	2026-03-31	0001437749-26-015423 ↗
8-K	2026-04-22	2026-04-22	0001437749-26-012964 ↗
8-K	2026-04-16	2026-04-16	0001437749-26-012568 ↗
10-K/A	2026-03-17	2025-12-31	0001437749-26-008599 ↗
8-K	2026-03-17	2026-03-17	0001437749-26-008505 ↗
10-K	2026-03-05	2025-12-31	0001437749-26-007084 ↗
8-K	2026-03-02	2026-03-02	0001437749-26-006231 ↗
8-K	2026-02-10	2026-02-10	0001437749-26-003620 ↗
8-K	2026-02-05	2026-02-05	0001193125-26-039345 ↗
8-K	2026-01-28	2026-01-28	0001437749-26-002244 ↗
8-K	2026-01-13	2026-01-13	0001193125-26-011710 ↗