Farmers National Banc (FMNB)
Market Price (2/26/2026): $13.32 | Market Cap: $499.1 MilSector: Financials | Industry: Regional Banks
Farmers National Banc (FMNB)
Market Price (2/26/2026): $13.32Market Cap: $499.1 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 2.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.1%, FCF Yield is 8.3% | Weak multi-year price returns2Y Excs Rtn is -33%, 3Y Excs Rtn is -61% | Key risksFMNB key risks include [1] integration challenges from its pending merger with Middlefield Bancorp and [2] notable exposure to investor commercial real estate relative to its risk-based capital. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -80% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23% | ||
| Low stock price volatilityVol 12M is 28% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 2.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.1%, FCF Yield is 8.3% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -80% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23% |
| Low stock price volatilityVol 12M is 28% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology. |
| Weak multi-year price returns2Y Excs Rtn is -33%, 3Y Excs Rtn is -61% |
| Key risksFMNB key risks include [1] integration challenges from its pending merger with Middlefield Bancorp and [2] notable exposure to investor commercial real estate relative to its risk-based capital. |
Qualitative Assessment
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1. Advancement of the Middlefield Banc Corp. Merger.
Farmers National Banc Corp. announced the receipt of all necessary regulatory approvals for its merger with Middlefield Banc Corp. in February 2026, progressing an all-stock transaction initially valued at approximately $299.0 million. This merger is anticipated to create a banking franchise with over $7 billion in total assets and enhance profitability through increased operating leverage, contributing to investor optimism.
2. Favorable Regional Banking Sector Outlook.
The broader regional banking sector experienced a positive shift in sentiment during late 2025 and early 2026. Analysts expressed bullish outlooks for 2026, citing macroeconomic factors such as a steepening yield curve, a looser regulatory environment, and an increase in merger and acquisition activity. Expectations for stabilized interest rates also eased concerns about funding costs and bond portfolios for regional banks.
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Stock Movement Drivers
Fundamental Drivers
The 5.1% change in FMNB stock from 10/31/2025 to 2/25/2026 was primarily driven by a 5.7% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 2252026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.67 | 13.32 | 5.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 180 | 184 | 2.0% |
| Net Income Margin (%) | 28.0% | 29.6% | 5.7% |
| P/E Multiple | 9.4 | 9.2 | -2.4% |
| Shares Outstanding (Mil) | 37 | 37 | -0.1% |
| Cumulative Contribution | 5.1% |
Market Drivers
10/31/2025 to 2/25/2026| Return | Correlation | |
|---|---|---|
| FMNB | 5.1% | |
| Market (SPY) | 1.6% | 34.5% |
| Sector (XLF) | -1.0% | 49.2% |
Fundamental Drivers
The 1.9% change in FMNB stock from 7/31/2025 to 2/25/2026 was primarily driven by a 7.1% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 2252026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.07 | 13.32 | 1.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 175 | 184 | 5.1% |
| Net Income Margin (%) | 27.6% | 29.6% | 7.1% |
| P/E Multiple | 10.1 | 9.2 | -9.2% |
| Shares Outstanding (Mil) | 37 | 37 | -0.2% |
| Cumulative Contribution | 1.9% |
Market Drivers
7/31/2025 to 2/25/2026| Return | Correlation | |
|---|---|---|
| FMNB | 1.9% | |
| Market (SPY) | 10.0% | 40.4% |
| Sector (XLF) | -0.6% | 58.3% |
Fundamental Drivers
The 2.9% change in FMNB stock from 1/31/2025 to 2/25/2026 was primarily driven by a 9.6% change in the company's Net Income Margin (%).| (LTM values as of) | 1312025 | 2252026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.94 | 13.32 | 2.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 171 | 184 | 7.4% |
| Net Income Margin (%) | 27.0% | 29.6% | 9.6% |
| P/E Multiple | 10.5 | 9.2 | -12.3% |
| Shares Outstanding (Mil) | 37 | 37 | -0.3% |
| Cumulative Contribution | 2.9% |
Market Drivers
1/31/2025 to 2/25/2026| Return | Correlation | |
|---|---|---|
| FMNB | 2.9% | |
| Market (SPY) | 16.2% | 44.8% |
| Sector (XLF) | 1.8% | 55.2% |
Fundamental Drivers
The 9.0% change in FMNB stock from 1/31/2023 to 2/25/2026 was primarily driven by a 17.6% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2252026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.22 | 13.32 | 9.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 162 | 184 | 13.6% |
| Net Income Margin (%) | 32.8% | 29.6% | -9.7% |
| P/E Multiple | 7.8 | 9.2 | 17.6% |
| Shares Outstanding (Mil) | 34 | 37 | -9.7% |
| Cumulative Contribution | 9.0% |
Market Drivers
1/31/2023 to 2/25/2026| Return | Correlation | |
|---|---|---|
| FMNB | 9.0% | |
| Market (SPY) | 76.9% | 41.1% |
| Sector (XLF) | 48.4% | 59.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FMNB Return | 44% | -21% | 8% | 3% | -2% | -0% | 25% |
| Peers Return | 31% | 2% | -0% | 14% | 5% | 8% | 72% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 83% |
Monthly Win Rates [3] | |||||||
| FMNB Win Rate | 67% | 33% | 50% | 42% | 42% | 50% | |
| Peers Win Rate | 67% | 42% | 47% | 47% | 55% | 90% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| FMNB Max Drawdown | 0% | -31% | -22% | -17% | -15% | -4% | |
| Peers Max Drawdown | -1% | -15% | -29% | -15% | -14% | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WSBC, CBU, FCF, STBA, SRCE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/25/2026 (YTD)
How Low Can It Go
| Event | FMNB | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -46.1% | -25.4% |
| % Gain to Breakeven | 85.4% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -37.2% | -33.9% |
| % Gain to Breakeven | 59.2% | 51.3% |
| Time to Breakeven | 298 days | 148 days |
| 2018 Correction | ||
| % Loss | -31.0% | -19.8% |
| % Gain to Breakeven | 44.9% | 24.7% |
| Time to Breakeven | 807 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -67.1% | -56.8% |
| % Gain to Breakeven | 204.2% | 131.3% |
| Time to Breakeven | 2,809 days | 1,480 days |
Compare to WSBC, CBU, FCF, STBA, SRCE
In The Past
Farmers National Banc's stock fell -46.1% during the 2022 Inflation Shock from a high on 1/14/2022. A -46.1% loss requires a 85.4% gain to breakeven.
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About Farmers National Banc (FMNB)
AI Analysis | Feedback
Here are 1-2 brief analogies to describe Farmers National Banc (FMNB):
- A regional Bank of America.
- A community-focused JPMorgan Chase.
AI Analysis | Feedback
- Retail Banking: Provides deposit accounts (checking, savings, money market, CDs) and a variety of consumer loans, including residential mortgages, home equity, auto, and personal loans, to individuals.
- Commercial Banking: Offers deposit services (business checking, savings) and lending products such as commercial real estate loans, lines of credit, equipment financing, and SBA loans for businesses.
- Wealth Management & Trust Services: Delivers financial planning, investment management, and trust administration solutions to help clients manage and grow their assets.
- Insurance Services: Provides a range of insurance products, including property and casualty, life, and health insurance, through its subsidiaries.
AI Analysis | Feedback
Farmers National Banc (FMNB)
As a financial institution, Farmers National Banc primarily serves a diverse base of individuals and businesses rather than having a few "major customers" in the traditional sense of a supplier-customer relationship. The company's customer base can be categorized as follows:
- Individual Consumers and Households: This category includes individuals and families seeking a range of personal banking services such as checking accounts, savings accounts, certificates of deposit, personal loans, mortgages, home equity lines of credit, and wealth management services.
- Small to Medium-sized Businesses (SMBs): FMNB serves local and regional businesses by providing commercial loans, lines of credit, business checking and savings accounts, treasury management services, merchant services, and other financial solutions tailored to their operational needs.
- Commercial Real Estate Developers and Investors: A significant portion of the bank's lending activities involves providing financing for commercial real estate projects, including acquisition, development, construction, and permanent financing for various property types within its market area.
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Kevin J. Helmick, President & Chief Executive Officer
Kevin J. Helmick is the President and Chief Executive Officer for Farmers National Bank and Farmers National Banc Corp., having been appointed CEO in November 2013. He has spent his entire career with Farmers National Bank, starting as a teller in 1994. Throughout his tenure, he has held various positions including Financial Advisor, Vice President and Program Manager, Senior Vice President of Retail and Wealth, and Executive Vice President of Retail and Wealth Management and Secretary of the Farmers National Banc Corp. Board of Directors. Mr. Helmick holds a bachelor's in Economics from Allegheny College and an MBA from Case Western Reserve University. His credentials include Certified Financial Planner, Financial Adviser Representative, Series 24 NYSE Principal, Series 7 NYSE Registered Representative, and an Ohio Life Insurance License.
Troy Adair, Senior Executive Vice President, Chief Financial Officer
Troy Adair serves as the Senior Executive Vice President, Chief Financial Officer for Farmers National Banc Corp. He was appointed Executive Vice President of Finance in June 2021 and assumed the Chief Financial Officer role in August 2021, following the retirement of Carl D. Culp. Prior to joining Farmers National Banc Corp., Mr. Adair was the Senior Vice President, Treasurer, and Assistant Secretary at Premier Bank from February 2020 through June 2021. Before his time at Premier Bank, he served as Vice President and Treasurer at Home Savings Bank from February 2016 to January 2020, and as Director of Risk Management–Accounting at Home Savings from February 2002 to January 2016. Mr. Adair possesses an MBA in Finance and Accounting and has 33 years of experience in banking.
Amber B. Wallace Soukenik, Senior Executive Vice President, Chief Retail/Marketing Officer
Amber B. Wallace Soukenik is a Senior Executive Vice President and Chief Retail/Marketing Officer at Farmers National Bank.
Michael Matuszak, Senior Executive Vice President, Chief Operating Officer
Michael Matuszak holds the position of Senior Executive Vice President and Chief Operating Officer of Farmers National Bank.
Mark J. Wenick, Senior Executive Vice President and Chief Wealth Management Officer
Mark J. Wenick serves as the Senior Executive Vice President and Chief Wealth Management Officer of Farmers National Bank.
AI Analysis | Feedback
The key risks to Farmers National Banc (FMNB) include sensitivity to interest rate fluctuations and broader economic conditions, credit risk within its loan portfolio, and integration challenges stemming from mergers and acquisitions.
1. Interest Rate Risk and Broader Economic Conditions
As a financial services organization, Farmers National Banc's business is highly sensitive to interest rate fluctuations, which can significantly affect its results of operations. Changes in interest rates, often influenced by Federal Reserve policies, can impact net interest income and the company's overall financial condition. Adverse shifts in economic, political, and market conditions, such as inflation, recession, or sustained high interest rates, could negatively affect asset quality, deposit levels, and loan demand, thereby impacting earnings. There is also ongoing stress in commercial real estate (CRE) markets, particularly in nonowner-occupied office and multifamily segments, which poses a risk.
2. Credit Risk and Loan Portfolio Quality
Farmers National Banc's financial performance is substantially tied to its borrowers' ability to repay their loans. The value of collateral for secured loans also presents an uncertainty. Commercial/industrial, construction, and commercial real estate loans typically carry a higher risk of non-payment compared to other loan types, while consumer loans, despite shorter terms and higher yields, generally have increased default risks. A critical risk is the potential inadequacy of the allowance for loan losses to absorb actual future losses, especially under models like CECL, which could adversely affect financial condition. The company also faces risks related to higher non-performing asset (NPA) levels and notable exposure to investor commercial real estate relative to risk-based capital.
3. Integration Risk from Mergers and Acquisitions
The company faces risks associated with successfully integrating acquired entities into its existing operations. Specifically, the ongoing merger with Middlefield Bancorp, expected to close in the first quarter of 2026, presents integration risks and potential challenges in combining different industry cultures and business methodologies. Failure to effectively integrate acquired businesses could adversely impact FMNB's results of operations and financial condition, including potential loss of key employees and customers.
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The clear emerging threat to Farmers National Banc (FMNB) is the continued rapid growth and adoption of **digital-only banks (neobanks) and financial technology (fintech) companies**. These entities offer competitive banking services, including deposits, payments, and lending, through fundamentally different, technology-first business models. They operate with significantly lower overhead due to the absence of physical branches, often offering more competitive rates, lower fees, and superior mobile-first user experiences.
This trend directly challenges FMNB's traditional community banking model, which relies on a network of physical branches and relationship-based banking. As consumers, particularly younger generations, increasingly prioritize convenience, digital accessibility, and personalized mobile experiences, these digital-first competitors threaten FMNB's ability to attract and retain customers, acquire deposits, and remain the primary financial partner for its communities. This mirrors the disruptive impact of Netflix on Blockbuster, where a new distribution and business model fundamentally challenged the incumbent's physical infrastructure and traditional approach.
AI Analysis | Feedback
Farmers National Banc (FMNB) operates primarily in Ohio and Western Pennsylvania, offering a diversified range of financial services including commercial and retail banking, trust services, retirement consulting, insurance, and financial management.
The addressable markets for FMNB's main products and services in its operating regions are as follows:
- Commercial Banking:
- Ohio: The Commercial Banking industry in Ohio is projected to be $63.8 billion in 2025.
- Pennsylvania: The Commercial Banking industry in Pennsylvania is projected to be $43.2 billion in 2025.
- Retail Banking (Deposits):
- Ohio: Total deposits across all banks in Ohio were approximately $565.32 billion in 2025.
- Wealth Management: Null
- Consumer Lending: Null
- Mortgage Lending: Null
AI Analysis | Feedback
Farmers National Banc (FMNB) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Loan Growth: The company has demonstrated solid loan growth, particularly in its commercial loan portfolio. Farmers National Banc anticipates mid-single-digit loan growth for 2025. This expansion in lending activities directly contributes to increased interest income, a primary component of the bank's revenue.
- Net Interest Margin Expansion: Farmers National Banc has seen an improving net interest margin, driven by higher yields on earning assets and reduced funding costs on interest-bearing liabilities. Federal Reserve rate cuts in late 2024 are expected to further benefit funding costs, while the repricing of assets continues to enhance earning asset yields, contributing to sustained net interest margin expansion.
- Growth in Fee-Based Businesses: The company is expanding revenue streams through its diverse fee-based services. This includes continued growth in trust fees, increased insurance agency commissions (boosted by strong fixed annuity sales), and growth in retirement plan consulting fees. Strategic acquisitions, such as Crest Retirement Advisors LLC, further bolster these service offerings.
- Strategic Acquisitions and Geographic Expansion: Farmers National Banc is actively pursuing strategic acquisitions to expand its market presence. A significant upcoming event is the merger with Middlefield Banc Corp., anticipated to close in the first quarter of 2026. This acquisition is expected to accelerate Farmers National Banc's strategic expansion, particularly within the growing Columbus, Ohio, region. The company has also expanded its geographic footprint through organic branch growth in its operational areas.
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Share Repurchases
- A new share repurchase program was approved on March 1, 2023, authorizing the repurchase of up to 1,000,000 shares of its common stock.
- Prior to the 2023 program, approximately 1,301,664 shares had been repurchased under a 2019 program, with 198,336 shares remaining available as of February 28, 2023.
- Approximately $5.0 million of common stock was repurchased in 2023 up to March 1.
Share Issuance
- In the acquisition of Emclaire Financial Corp. (completed January 2023), shareholders could elect to receive 2.15 shares of Farmers' common stock for 70% of the shares, with the remainder in cash.
- For the acquisition of Cortland Bancorp (completed November 2021), shareholders could elect to receive 1.75 shares of Farmers' common stock for up to 75% of the shares, with the remainder in cash.
Outbound Investments
- Farmers National Banc Corp. completed the acquisition of Emclaire Financial Corp. in January 2023, a transaction valued at approximately $105 million. This expanded the company's footprint into Pennsylvania.
- The company completed the acquisition of Cortland Bancorp in November 2021, a $124 million cash-and-stock deal, which increased its market share in Northeast Ohio and established a physical presence in Portage and Summit counties.
- Farmers National Banc Corp. acquired Crest Retirement Advisors LLC in late December 2024.
Capital Expenditures
- Capital expenditures were approximately $3.19 million in 2024, $1.34 million in 2023, and $4.11 million in 2022.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Farmers National Banc Stock Jump Looks Great, But How Secure Is That Gain? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to FMNB.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 01302026 | FDS | FactSet Research Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -18.8% | -18.8% | -25.3% |
| 01302026 | PFSI | PennyMac Financial Services | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -6.9% | -6.9% | -9.3% |
| 01302026 | ALLY | Ally Financial | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -1.9% | -1.9% | -5.5% |
| 01232026 | FIS | Fidelity National Information Services | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -18.9% | -18.9% | -22.6% |
| 01022026 | MORN | Morningstar | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -18.1% | -18.1% | -26.8% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 40.22 |
| Mkt Cap | 1.8 |
| Rev LTM | 470 |
| Op Inc LTM | - |
| FCF LTM | 180 |
| FCF 3Y Avg | 166 |
| CFO LTM | 188 |
| CFO 3Y Avg | 177 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.7% |
| Rev Chg 3Y Avg | 6.8% |
| Rev Chg Q | 10.9% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 32.8% |
| CFO/Rev 3Y Avg | 35.9% |
| FCF/Rev LTM | 28.5% |
| FCF/Rev 3Y Avg | 31.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.8 |
| P/S | 3.9 |
| P/EBIT | - |
| P/E | 12.9 |
| P/CFO | 11.5 |
| Total Yield | 10.7% |
| Dividend Yield | 2.9% |
| FCF Yield 3Y Avg | 9.4% |
| D/E | 0.2 |
| Net D/E | -0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 4.2% |
| 3M Rtn | 11.9% |
| 6M Rtn | 7.2% |
| 12M Rtn | 9.0% |
| 3Y Rtn | 22.4% |
| 1M Excs Rtn | 4.2% |
| 3M Excs Rtn | 7.3% |
| 6M Excs Rtn | 0.5% |
| 12M Excs Rtn | -6.5% |
| 3Y Excs Rtn | -51.0% |
Price Behavior
| Market Price | $13.32 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 01/04/1999 | |
| Distance from 52W High | -9.8% | |
| 50 Days | 200 Days | |
| DMA Price | $13.39 | $13.40 |
| DMA Trend | up | indeterminate |
| Distance from DMA | -0.5% | -0.6% |
| 3M | 1YR | |
| Volatility | 26.3% | 27.6% |
| Downside Capture | 73.59 | 79.57 |
| Upside Capture | 66.68 | 64.34 |
| Correlation (SPY) | 29.5% | 44.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.38 | 0.99 | 0.79 | 0.97 | 0.65 | 0.83 |
| Up Beta | 4.52 | 2.42 | 1.45 | 1.92 | 0.58 | 0.83 |
| Down Beta | 0.58 | 0.52 | 0.27 | 0.48 | 0.58 | 0.72 |
| Up Capture | 78% | 70% | 86% | 73% | 58% | 54% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 10 | 18 | 30 | 65 | 126 | 356 |
| Down Capture | 177% | 130% | 88% | 104% | 89% | 99% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 9 | 21 | 27 | 54 | 119 | 382 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FMNB | |
|---|---|---|---|---|
| FMNB | -0.8% | 27.5% | -0.04 | - |
| Sector ETF (XLF) | 2.8% | 19.7% | 0.03 | 56.2% |
| Equity (SPY) | 17.2% | 19.4% | 0.69 | 44.9% |
| Gold (GLD) | 75.4% | 25.7% | 2.16 | -6.8% |
| Commodities (DBC) | 9.7% | 16.9% | 0.38 | 7.4% |
| Real Estate (VNQ) | 7.2% | 16.6% | 0.25 | 45.6% |
| Bitcoin (BTCUSD) | -27.7% | 44.9% | -0.59 | 24.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FMNB | |
|---|---|---|---|---|
| FMNB | 4.5% | 29.2% | 0.18 | - |
| Sector ETF (XLF) | 12.0% | 18.8% | 0.51 | 56.2% |
| Equity (SPY) | 13.6% | 17.0% | 0.63 | 39.2% |
| Gold (GLD) | 23.4% | 17.1% | 1.12 | -0.5% |
| Commodities (DBC) | 10.7% | 19.0% | 0.45 | 8.4% |
| Real Estate (VNQ) | 5.3% | 18.8% | 0.18 | 41.7% |
| Bitcoin (BTCUSD) | 5.1% | 57.1% | 0.31 | 14.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FMNB | |
|---|---|---|---|---|
| FMNB | 8.6% | 32.3% | 0.33 | - |
| Sector ETF (XLF) | 13.8% | 22.2% | 0.57 | 60.7% |
| Equity (SPY) | 15.5% | 17.9% | 0.75 | 45.9% |
| Gold (GLD) | 15.2% | 15.6% | 0.81 | -4.9% |
| Commodities (DBC) | 8.4% | 17.6% | 0.39 | 12.8% |
| Real Estate (VNQ) | 6.6% | 20.7% | 0.28 | 44.3% |
| Bitcoin (BTCUSD) | 66.0% | 66.7% | 1.05 | 12.4% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/28/2026 | -6.1% | -3.2% | |
| 10/22/2025 | -4.7% | -2.9% | -7.7% |
| 7/23/2025 | -1.9% | 0.7% | 1.8% |
| 4/16/2025 | 2.7% | 9.9% | 14.7% |
| 1/29/2025 | 2.6% | 2.0% | 4.7% |
| 10/23/2024 | -5.1% | -7.1% | 1.5% |
| 7/24/2024 | 0.4% | 6.7% | -2.4% |
| 4/24/2024 | -2.0% | -6.3% | -0.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 16 | 15 |
| # Negative | 12 | 8 | 8 |
| Median Positive | 1.8% | 3.5% | 6.5% |
| Median Negative | -4.4% | -5.4% | -3.7% |
| Max Positive | 7.4% | 9.9% | 17.2% |
| Max Negative | -9.5% | -10.4% | -8.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/06/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/07/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/09/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 03/09/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Richardson, Gina A | Direct | Buy | 10302025 | 12.99 | 1,833 | 23,811 | 179,561 | Form | |
| 2 | Muransky, Edward | Edward W Muransky Rev Trust | Buy | 10272025 | 13.59 | 73,500 | 998,865 | 1,504,495 | Form | |
| 3 | Sabat, Joseph W | VP/Chief Accounting Officer | Direct | Buy | 4032025 | 14.26 | 88 | 1,255 | 428,077 | Form |
| 4 | Richardson, Gina A | Direct | Buy | 3062025 | 13.75 | 2,334 | 32,092 | 136,070 | Form | |
| 5 | MacAli, Ralph D | Direct | Sell | 2032025 | 14.00 | 14,300 | 200,200 | 685,762 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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