Company expects net interest margin to settle at 3.34%-3.37% in Q3 2026
Farmers National Banc anticipates commercial loan payoffs to return to normal in Q3
Company anticipates continued rate volatility in the bond market in 2026
Result drivers
Middlefield acquisition - Acquisition drove increases in net interest income, noninterest income, and expenses, as well as asset and loan balances
Commercial lending - Commercial lending fundings accelerated significantly, with $175 mln in fundings, up 181% from Q1, reflecting focus on business lending
Credit quality improvement - Non-performing loans declined 25% from Q1 due to strong workout efforts
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.39
Q2 Net Interest Income
$56 mln
Q2 Credit Loss Provision
$2.44 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
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