In This Article:
Farmers National Banc (NASDAQ:FMNB) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$37.2m (down 14% from 3Q 2023).
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Net income: US$8.54m (down 36% from 3Q 2023).
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Profit margin: 23% (down from 31% in 3Q 2023). The decrease in margin was driven by lower revenue.
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EPS: US$0.23 (down from US$0.36 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Farmers National Banc Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 32%.
Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 7.1% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Farmers National Banc's balance sheet and an in-depth analysis of the company's financial position.
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