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Farmers National Banc (Farmers National Banc) Net Interest Margin (Bank Only) % : 2.86% (As of Dec. 2023)


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What is Farmers National Banc Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Farmers National Banc's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $129.2 Mil. Farmers National Banc's average earning assets for the quarter that ended in Dec. 2023 was $4,522.7 Mil. Therefore, Farmers National Banc's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 2.86%.


Farmers National Banc Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Farmers National Banc's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Farmers National Banc Net Interest Margin (Bank Only) % Chart

Farmers National Banc Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.67 3.69 3.19 3.25 3.26

Farmers National Banc Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.47 2.96 2.95 2.86 2.80

Competitive Comparison of Farmers National Banc's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, Farmers National Banc's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Farmers National Banc's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Farmers National Banc's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Farmers National Banc's Net Interest Margin (Bank Only) % falls into.



Farmers National Banc Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Farmers National Banc's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=135.8/( (3747.814 + 4595.065)/ 2 )
=135.8/4171.4395
=3.26 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=54.156 + 2378.63 + 1315.028
=3747.814

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=74.762 + 3167.398 + 1352.905
=4595.065

Farmers National Banc's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Sep. 2023 ) + Earning Assets (Q: Dec. 2023 ))/ count )
=129.204/( (4450.371 + 4595.065)/ 2 )
=129.204/4522.718
=2.86 %

where

Earning Assets(Q: Sep. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=68.582 + 3135.711 + 1246.078
=4450.371

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=74.762 + 3167.398 + 1352.905
=4595.065

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Dec. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Farmers National Banc  (NAS:FMNB) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Farmers National Banc Net Interest Margin (Bank Only) % Related Terms

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Farmers National Banc (Farmers National Banc) Business Description

Traded in Other Exchanges
N/A
Address
20 South Broad Street, Canfield, OH, USA, 44406
Farmers National Banc Corp is a one-bank holding company engaged in financial activities, including securities underwriting and dealing, insurance agency and underwriting activities, and merchant banking activities. It operates in the domestic banking, trust, retirement consulting, insurance, and financial management industries. The company has two operating segments of business; the Bank segment, and the Trust segment, out of which the majority of its revenue is derived from the bank segment.
Executives
Mark J Wenick officer: Chief Wealth Management Office 20 S BROAD STREET, PO BOX 555, CANFIELD OH 44406
Gina A Richardson director 20 S BROAD STREET, PO BOX 555, CANFIELD OH 44406
Andre Thornton director 20 S BROAD STREET, PO BOX 555, CANFIELD OH 44406
Joseph W Sabat officer: VP/Controller 20 SOUTH BROAD STREET, PO BOX 555, CANFIELD OH 44406
Ralph D Macali director
Gregory C Bestic director 5415 WOODLAND PL, CANFIELD OH 44406
Edward Muransky director 20 S BROAD STREET, PO BOX 555, CANFIELD OH 44406
Neil J Kaback director
Kevin J Helmick officer: VP/Retail Sales 20 SOUTH BROAD ST., PO BOX 555, CANFIELD OH 44406
Mark A Nicastro officer: VP/Director of Human Resources 20 SOUTH BROAD STREET, PO BOX 555, CANFIELD OH 44406
Amber B Wallace officer: Sr VP/Director of Marketing 20 SOUTH BROAD STREET, PO BOX 555, CANFIELD OH 44406
Timothy Carney officer: SEVP/Chief Banking Officer 194 WEST MAIN STREET, CORTLAND OH 44410
Nicholas D Varischetti director FOUR NORTHSHORE CENTER, 106 ISABELLA STREET, PITTSBURGH PA 15212
Michael E Matuszak officer: EVP/Chief Operating Officer 20 S BROAD STREET, PO BOX 555, CANFIELD OH 44406
Anne Frederick Crawford director 530 STONEYBROOK LN, CANFIELD OH 44406

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