Farmers National: Q1 Earnings Snapshot
CANFIELD, Ohio (AP) — CANFIELD, Ohio (AP) — Farmers National Banc Corp. (FMNB) on Wednesday reported first-quarter profit of $7.1 million.
The bank, based in Canfield, Ohio, said it had earnings of 19 cents per share. Earnings, adjusted for one-time gains and costs, came to 44 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The bank posted revenue of $61.7 million in the period. Its revenue net of interest expense was $47 million, missing Street forecasts. Three analysts surveyed by Zacks expected $47.6 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FMNB at https://www.zacks.com/ap/FMNB
