Farmers National Banc Corp. (FMNB) Balance Sheet
FMNB balance sheet, 2025
December 31, 2025 · U.S. dollars$5.25B assets = $4.76B liabilities + $485.7M equity
Both columns are drawn to the same scale: what FMNB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FMNB financial health
Descriptive bands, not a rating. Fiscal 2025.
FMNB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.97B2016 | $5.25B2025 | +11.5%/yr | |
| Total liabilities | $1.75B2016 | $4.76B2025 | +11.7%/yr | |
| Shareholders’ equity | $213.2M2016 | $485.7M2025 | +9.6%/yr | |
| Cash & short-term investments | $389.7M2016 | $1.36B2025 | +14.9%/yr | |
| Total debt | $213.5M2016 | $367.7M2025 | +6.2%/yr | |
| Net cash (debt) | $176.2M2016 | $996.2M2025 | +$820.0M | |
| Working capital | −$1.33B2016 | −$190.0M2025 | +$1.1B | |
| Book value per share | $7.902016 | $12.912025 | +5.6%/yr | |
| Debt / equity | 1.002016 | 0.762025 | −0.24 | |
| Shares outstanding | 27.0M2016 | 37.6M2025 | +3.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FMNB assets
FMNB liabilities and equity
FMNB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FMNB balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.36B | $651.9M | $1.33B | $1.29B | $1.54B | $596.1M | $455.5M | $420.2M | $411.1M | $389.7M |
| Cash & equivalents | $20.5M | $20.4M | $28.9M | $21.4M | $112.8M | $20.5M | $23.2M | $18.0M | $17.8M | $19.7M |
| Short-term investments | $1.34B | $631.5M | $1.30B | $1.27B | $1.43B | $575.6M | $432.2M | $402.2M | $393.3M | $370.0M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $73,000 | $0 | $0 | $19,000 | $0 | $171,000 | $482,000 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $92.4M | $651.9M | $1.33B | $1.29B | $1.54B | $596.1M | $455.5M | $420.2M | $410.7M | $389.7M |
| Property, plant & equipment (net) | $56.9M | $52.3M | $44.4M | $30.8M | $37.5M | $25.6M | $23.8M | $21.2M | $22.3M | $23.2M |
| Goodwill & intangible assets | $185.3M | $188.2M | $190.3M | $101.7M | $102.6M | $49.6M | $42.6M | $44.0M | $45.4M | $45.2M |
| Long-term investments | $1.42B | $1.33B | $1.35B | $1.30B | $1.46B | $2.64B | $2.23B | $2.13B | $1.57B | $1.42B |
| Other non-current assets | $3.49B | $2.89B | $2.16B | $1.36B | $1.00B | $0 | $0 | $0 | $115.4M | $90.9M |
| Total assets | $5.25B | $5.12B | $5.08B | $4.08B | $4.14B | $3.07B | $2.45B | $2.33B | $2.16B | $1.97B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $3.56B | $3.55B | $2.61B | $2.01B | $1.80B | $1.60B | $1.52B |
| Short-term debt | $281.0M | $305.0M | $355.0M | $95.0M | $833,000 | $2.5M | $77.0M | $244.8M | $289.6M | $198.5M |
| Total current liabilities | $282.4M | $4.57B | $4.53B | $3.66B | $2.86B | $2.61B | $2.09B | $2.04B | $1.89B | $1.72B |
| Long-term debt | $86.7M | $86.2M | $1.12B | $88.2M | $87.8M | $76.4M | $45.1M | $6.0M | $7.0M | $15.0M |
| Other long-term liabilities | $4.39B | $55.0M | $0 | $44.9M | $0 | $31.3M | $18.7M | $16.0M | $15.7M | $14.6M |
| Total liabilities | $4.76B | $4.71B | $4.67B | $3.79B | $87.8M | $2.72B | $2.15B | $2.07B | $1.92B | $1.75B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $366.6M | $366.1M | $365.3M | $305.3M | $306.1M | $208.8M | $186.3M | $186.2M | $186.9M | $178.3M |
| Retained earnings (deficit) | $286.2M | $257.2M | $236.8M | $212.4M | $173.9M | $138.1M | $108.9M | $83.6M | $59.2M | $42.5M |
| Treasury stock | — | — | — | −$14.9M | −$16.9M | −$18.8M | −$5.7M | −$3.4M | −$4.6M | −$4.9M |
| Accumulated other comprehensive income | −$144.1M | −$193.3M | −$172.6M | −$210.5M | $9.3M | $22.0M | $9.8M | −$190.2M | −$186.3M | −$181.1M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $485.7M | $406.0M | $404.4M | $292.3M | $4.05B | $350.1M | $299.3M | $262.3M | $242.1M | $213.2M |
| Key figures | ||||||||||
| Total debt | $367.7M | $391.1M | $443.7M | $183.2M | $88.6M | $78.9M | $122.2M | $250.8M | $296.6M | $213.5M |
| Net cash (debt) | $996.2M | $260.8M | $884.9M | $1.11B | $1.45B | $517.2M | $333.3M | $169.4M | $114.6M | $176.2M |
| Working capital | −$190.0M | −$3.92B | −$3.20B | −$2.37B | −$1.32B | −$2.02B | −$1.63B | −$1.62B | −$1.48B | −$1.33B |
| Tangible book value | $300.4M | $217.8M | $214.1M | $190.6M | $3.95B | $300.5M | $256.7M | $218.4M | $196.7M | $168.1M |
| Book value per share | $12.91 | $10.82 | $10.78 | $8.61 | $138.49 | $12.33 | $10.74 | $9.38 | $8.76 | $7.90 |
| Shares outstanding | 37.6M | 37.5M | 37.5M | 33.9M | 29.3M | 28.4M | 27.9M | 28.0M | 27.6M | 27.0M |
| Current ratio | 0.33 | 0.14 | 0.29 | 0.35 | 0.54 | 0.23 | 0.22 | 0.21 | 0.22 | 0.23 |
| Quick ratio | 4.83 | 0.14 | 0.29 | 0.35 | 0.54 | 0.23 | 0.22 | 0.21 | 0.22 | 0.23 |
| Debt / equity | 0.76 | 0.96 | 1.10 | 0.63 | 0.02 | 0.23 | 0.41 | 0.96 | 1.23 | 1.00 |
| Equity / assets | 9.3% | 7.9% | 8.0% | 7.2% | 97.9% | 11.4% | 12.2% | 11.3% | 11.2% | 10.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $164.8M | $38.2M | $1.36B | $790.6M | $686.0M | $686.2M | $651.9M | $1.31B | $1.27B | $1.29B | $1.33B | $1.24B |
| Cash & equivalents | $164.8M | $38.2M | $20.5M | $23.8M | $20.1M | $18.5M | $20.4M | $21.1M | $23.8M | $23.0M | $28.9M | $25.3M |
| Short-term investments | $722.5M | $1.48B | $1.34B | $766.8M | $665.9M | $667.7M | $631.5M | $1.29B | $1.25B | $1.27B | $1.30B | $1.21B |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $164.8M | $38.2M | $92.4M | $790.6M | $686.0M | $686.2M | $651.9M | $1.31B | $1.27B | $1.29B | $1.33B | $1.24B |
| Property, plant & equipment (net) | $77.7M | $90.0M | $56.9M | $56.6M | $55.8M | $55.0M | $52.3M | $48.1M | $45.4M | $45.1M | $44.4M | $44.8M |
| Goodwill & intangible assets | $307.0M | $308.5M | $185.3M | $186.0M | $186.7M | $187.5M | $188.2M | $188.3M | $189.0M | $189.6M | $190.3M | $191.3M |
| Long-term investments | $1.59B | $1.57B | $1.42B | $1.38B | $1.35B | $1.35B | $1.33B | $1.35B | $1.31B | $1.32B | $1.35B | $1.25B |
| Other non-current assets | $5.01B | $5.17B | $3.49B | $2.82B | $2.90B | $2.88B | $2.89B | $2.34B | $2.34B | $2.23B | $2.16B | $2.25B |
| Total assets | $7.14B | $7.18B | $5.25B | $5.24B | $5.18B | $5.16B | $5.12B | $5.24B | $5.16B | $5.08B | $5.08B | $4.97B |
| Liabilities | ||||||||||||
| Short-term debt | $361.0M | $342.5M | $281.0M | $235.0M | $203.0M | $102.0M | $305.0M | $285.0M | $406.0M | $345.0M | $355.0M | $141.7M |
| Total current liabilities | $361.0M | $342.5M | $282.4M | $4.64B | $4.60B | $4.58B | $4.57B | $4.65B | $4.61B | $4.54B | $4.53B | $4.51B |
| Long-term debt | $94.4M | $94.1M | $86.7M | $86.6M | $86.4M | $86.3M | $86.2M | $86.0M | $88.9M | $88.8M | $1.12B | $88.5M |
| Other long-term liabilities | $5.90B | $5.97B | $4.39B | $47.5M | $54.8M | $58.3M | $55.0M | $64.0M | $59.4M | $51.1M | $0 | $55.0M |
| Total liabilities | $6.36B | $6.41B | $4.76B | $4.77B | $4.74B | $4.73B | $4.71B | $4.80B | $4.76B | $4.68B | $4.67B | $4.66B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $642.9M | $642.8M | $366.6M | $366.2M | $365.8M | $365.6M | $366.1M | $365.5M | $365.0M | $364.8M | $365.3M | $364.9M |
| Retained earnings (deficit) | $309.0M | $296.0M | $286.2M | $277.9M | $271.9M | $264.4M | $257.2M | $249.2M | $247.0M | $241.6M | $236.8M | $228.6M |
| Accumulated other comprehensive income | −$146.7M | −$150.2M | −$144.1M | −$155.1M | −$176.7M | −$177.3M | −$193.3M | −$151.0M | −$191.2M | −$185.0M | −$172.6M | −$252.2M |
| Total shareholders' equity | $784.0M | $766.9M | $485.7M | $465.9M | $437.7M | $429.1M | $406.0M | $439.7M | $396.7M | $397.0M | $404.4M | $316.0M |
| Key figures | ||||||||||||
| Total debt | $455.4M | $446.5M | $367.7M | $321.6M | $289.4M | $188.3M | $391.1M | $371.0M | $494.9M | $433.8M | $443.7M | $88.5M |
| Net cash (debt) | −$290.6M | −$408.3M | $996.2M | $469.0M | $396.5M | $497.9M | $260.8M | $943.5M | $775.6M | $859.3M | $884.9M | $1.15B |
| Working capital | −$196.2M | −$304.3M | −$190.0M | −$3.84B | −$3.91B | −$3.90B | −$3.92B | −$3.33B | −$3.34B | −$3.25B | −$3.20B | −$3.28B |
| Tangible book value | $477.0M | $458.4M | $300.4M | $279.9M | $251.0M | $241.7M | $217.8M | $251.3M | $207.7M | $207.4M | $214.1M | $124.7M |
| Book value per share | $17.47 | $17.09 | $12.88 | $12.37 | $11.64 | $11.38 | $10.80 | $11.70 | $10.58 | $10.59 | $10.78 | $8.45 |
| Shares outstanding | 44.9M | 44.9M | 37.7M | 37.7M | 37.6M | 37.7M | 37.6M | 37.6M | 37.5M | 37.5M | 37.5M | 37.4M |
| Current ratio | 0.46 | 0.11 | 0.33 | 0.17 | 0.15 | 0.15 | 0.14 | 0.28 | 0.28 | 0.28 | 0.29 | 0.27 |
| Quick ratio | 0.46 | 0.11 | 4.83 | 0.17 | 0.15 | 0.15 | 0.14 | 0.28 | 0.28 | 0.28 | 0.29 | 0.27 |
| Debt / equity | 0.58 | 0.58 | 0.76 | 0.69 | 0.66 | 0.44 | 0.96 | 0.84 | 1.25 | 1.09 | 1.10 | 0.28 |
| Equity / assets | 11.0% | 10.7% | 9.3% | 8.9% | 8.5% | 8.3% | 7.9% | 8.4% | 7.7% | 7.8% | 8.0% | 6.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 5, 2026); data from EODHD.
FMNB financial position
At the end of fiscal 2025 (December 31, 2025), Farmers National Banc had total assets of $5.2 billion (up 2.5% from a year earlier), total liabilities of $4.8 billion and shareholders' equity of $485.7 million. It held $1.4 billion in cash and short-term investments against $367.7 million of debt, a net cash position of $996.2 million. Its current ratio was 0.33. In the latest quarter (ended June 30, 2026) total assets were $7.1 billion and equity $784.0 million.
Related: FMNB income statement, FMNB cash flow statement, FMNB key metrics. See the FMNB stock overview for the latest quote and news.
FMNB balance sheet FAQ
What are Farmers National Banc's total assets?
Farmers National Banc reported total assets of $5.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.1 billion a year earlier.
How much debt does Farmers National Banc have?
Farmers National Banc had $367.7 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.76.
How much cash does Farmers National Banc have?
Farmers National Banc held $1.4 billion in cash and short-term investments at the end of fiscal 2025; with $367.7 million of debt that is net cash of $996.2 million.
What is Farmers National Banc's book value?
Farmers National Banc's shareholders' equity (book value) was $485.7 million at the end of fiscal 2025, or $12.91 per share.
What is Farmers National Banc's current ratio?
Farmers National Banc had current assets of $92.4 million and current liabilities of $282.4 million, a current ratio of 0.33 (current liabilities exceed current assets).
How much goodwill does Farmers National Banc have?
Farmers National Banc carried $185.3 million of goodwill and intangible assets, 3.5% of total assets, at the end of fiscal 2025.