← FARMERS NATIONAL BANC CORP /OH/

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $20.6m $22.7m $32.6m $35.8m $41.9m $51.8m $60.6m $49.9m $45.9m $54.6m
Net Income (Loss) Available to Common Stockholders, Basic $20.6m $22.7m $32.6m $35.8m $41.9m $51.8m $60.6m $49.9m $45.9m $54.6m
Depreciation, Depletion and Amortization $3.1m $3.1m $2.9m $2.8m $3.1m $3.5m $4.9m $7.3m $6.4m $6.8m
Depreciation, Amortization and Accretion, Net $3.7m $3.1m $3.0m $2.8m $3.1m $3.5m $4.9m $7.3m $6.4m $6.8m
Amortization of Intangible Assets $1.5m $1.5m $1.4m $1.3m $1.3m $1.4m $2.0m $3.4m $2.9m $2.9m
Depreciation $3.7m $3.1m $3.0m $2.8m $3.1m $3.5m $4.9m $7.3m $6.4m $3.3m
Depreciation, Nonproduction $1.7m $1.6m $1.5m $1.5m $1.5m $1.8m $2.5m $3.4m $3.1m —
Net amortization (accretion) of securities $2.2m $1.8m $2.8m $2.3m $2.3m $3.6m $4.8m $925k $554k ($820k)
Deferred Income Tax Expense (Benefit) ($1.2m) $618k ($409k) ($311k) ($1.5m) ($524k) $1.4m ($464k) $2.4m —
Share-based Payment Arrangement, Noncash Expense $892k $2.4m $1.7m $1.4m $1.4m $1.2m $1.8m $2.6m $2.6m $2.5m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — — — — $880k $1.1m
Goodwill, Impairment Loss — — — — — $0 $0 — — —
Stock compensation expense $892k $2.4m $1.7m $1.4m $1.4m $1.2m $1.8m $2.6m $2.6m $2.5m
Gain (Loss) on Disposition of Property Plant Equipment — — — ($26k) ($77k) ($247k) $20k ($316k) ($490k) —
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property — — — — — — — — — ($59k)
Gain (Loss) on Extinguishment of Debt — — — — — — — — $444k $0
Gain (Loss) on Disposition of Assets for Financial Service Operations $238k ($53k) $0 — — — — — — —
Income Tax Expense (Benefit) $7.5m $10.1m $5.7m $7.3m $8.4m $10.3m $12.2m $8.8m $9.5m $10.5m
Operating Lease, Expense — — — — — — — $1.2m $1.4m $1.4m
Gain on debt extinguishment — — — — — — $0 $0 ($444k) $0
Losses on premises and equipment sales and disposals, net — — — — — $247k ($20k) $316k $490k $59k
Additional Financial Items
Provision for Loan, Lease, and Other Losses — — — — — — $1.1m $9.2m — —
Bank Owned Life Insurance Income $814k $831k $881k $818k $795k — — — — $3.4m
Gain (Loss) on Sales of Loans, Net $2.8m $3.1m $2.7m $4.4m $12.3m $8.3m $2.1m $2.4m $1.5m $1.6m
Debt and Equity Securities, Gain (Loss) — — $271k $42k $380k $1.0m ($454k) ($471k) ($2.6m) ($2.2m)
Equity Securities, FV-NI, Gain (Loss) — — ($12k) — — — — — — $87k
Equity Securities, FV-NI, Realized Gain (Loss) — — — $53k ($5k) $166k ($39k) $27k $43k —
Gain (Loss) on Sale of Properties ($277k) ($20k) $16k ($45k) $38k $0 $0 — — —
Goodwill $37.2m $38.2m $38.2m $38.2m $45.8m $94.2m $94.6m $167.4m $167.4m $167.4m
Operating Expenses — — — — — — — — $214.0m $214.9m
Financing Receivable, Credit Loss, Expense (Reversal) — — — $2.5m $9.1m — — $8.7m $8.2m $7.3m
Provision for credit losses — $3.4m $3.0m $2.5m $9.1m $4.6m $250k $8.7m $8.2m $7.3m
(Credit) provision for unfunded commitments — — — — ($59k) $244k $872k $435k ($278k) ($220k)
Available for sale security losses — — — — — ($838k) $415k $498k $2.7m $2.3m
Realized gains on equity securities $0 $0 $12k — — — — ($27k) ($43k) ($87k)
Earnings on bank owned life insurance ($814k) ($831k) ($881k) ($818k) ($795k) ($1.3m) ($1.6m) ($2.3m) ($2.6m) ($3.3m)
Income recognized from death benefit on bank owned life insurance — — — $0 $0 ($40k) ($184k) ($105k) ($81k) ($110k)
Origination of loans held for sale ($64.6m) ($56.8m) ($79.0m) ($75.6m) ($245.1m) ($398.0m) ($102.2m) ($64.6m) ($74.5m) ($92.4m)
Proceeds from loans held for sale $68.9m $60.0m $80.8m $78.6m $255.2m $406.4m $106.0m $64.9m $74.7m $95.9m
Net gains on sale of loans ($2.8m) ($3.1m) ($2.7m) ($4.4m) ($12.3m) ($8.3m) ($2.1m) ($2.4m) ($1.5m) ($1.6m)
Net change in other assets and liabilities ($7.5m) ($2.1m) ($911k) ($3.9m) ($5.4m) ($8.1m) $10.1m ($3.9m) $4.4m ($10.8m)
Proceeds from maturities and repayments of securities available for sale $59.9m $43.1m $37.0m $35.6m $61.1m $74.4m $78.3m $58.6m $58.9m $79.1m
Proceeds from sales of securities available for sale $11.5m $54.5m $16.2m $33.4m $60.3m $35.2m $37.2m $85.3m $49.7m $53.5m
Purchases of securities available for sale ($52.6m) ($114.6m) ($69.2m) ($83.0m) ($176.2m) ($849.9m) ($239.2m) ($650k) ($105.8m) ($148.6m)
Proceeds from sale of equity securities $0 $0 $79k $1.3m $67k $258k $72k $69k $61k $79k
Purchases of equity securities $0 $0 ($1.6m) ($1.9m) ($842k) ($68k) ($78k) ($70k) ($69k) ($85k)
Purchases of restricted stock ($200k) ($842k) ($1.2m) $0 ($2.8m) ($22k) ($5.8m) ($30.3m) ($21.3m) ($19.6m)
Proceeds from redemption of restricted stock — — — — — — — $36.1m $10.8m $20.8m
Loan originations and payments, net ($133.2m) ($132.6m) ($160.2m) ($77.6m) ($86.7m) $231.5m ($77.2m) ($61.9m) ($70.3m) ($36.6m)
Purchase of portfolio loans — — — — — — $0 $0 ($8.1m) ($8.0m)
Proceeds from loans held for sale previously classified as portfolio loans — — — — — $0 $0 $6.8m $1.6m $3.8m
Proceeds from BOLI death benefit — — — — — — — $419k $730k $460k
Purchase of company owned life insurance — — — — — — — $0 $0 ($15.0m)
Proceeds from land and building sales $479k $439k $0 $252k $502k $37k $1.4m $533k $331k $298k
Net cash paid in business combinations — — $0 $0 ($3.1m) $83.8m ($1.0m) ($13.2m) ($600k) $0
Net change in deposits $115.7m $45.4m $195.0m $209.2m $418.7m $241.1m $14.5m ($260.2m) $89.4m $76.0m
Net change in short-term borrowings ($27.4m) $91.1m ($44.8m) ($167.7m) ($49.5m) ($6.8m) $95.0m $185.0m ($50.0m) ($24.0m)
Redemption of subordinated debentures — — — — — — $0 $0 ($2.5m) $0
Repurchase of common shares ($168k) $0 ($1.2m) ($2.8m) ($14.2m) ($164k) $0 ($11.5m) $0 $0
Issuance of stock for business combinations $1.1m $6.4m $0 $0 $22.6m $98.9m $0 $59.2m $0 $0
Issuance of stock awards $0 $139k $2.4m $1.2m $1.7m $2.1m $2.2m $1.9m $2.4m $1.9m
Transfer of loans to loans held for sale — — — — — $0 $0 $7.5m $1.6m $2.1m
Lease liabilities assumed from obtaining right-of-use assets — — — — — $0 $1.6m $1.3m $2.2m $998k
Net Cash Provided by (Used in) Operating Activities $24.3m $30.6m $40.0m $38.8m $50.0m $54.9m $83.7m $62.3m $66.6m $60.0m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $788k $956k $450k $1.5m $3.7m $1.4m $5.5m $3.9m $11.7m $7.9m
Payments to Acquire Businesses, Net of Cash Acquired $1.1m ($16.2m) $0 $0 $3.1m — — — — —
Payments to Acquire Investments $3.4m $5.0m $6.0m $6.7m $7.2m $10.0m $16.2m $16.4m $16.6m —
NET CASH (USED IN) FROM INVESTING ACTIVITIES ($115.2m) ($137.1m) ($179.3m) ($93.1m) ($160.8m) ($423.6m) ($208.5m) $77.9m ($95.1m) ($78.8m)
Net Cash Provided by (Used in) Investing Activities — — ($179.3m) ($93.1m) ($160.8m) ($423.6m) ($208.5m) $77.9m ($95.1m) ($78.8m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $59.9m $43.1m $37.0m $35.6m $61.1m $74.4m $78.3m $58.6m $58.9m $79.1m
Proceeds from Issuance of Long-term Debt $0 $0 — — — — — — — —
Payments for Repurchase of Common Stock $168k $0 $1.2m $2.8m $14.2m $164k $0 $11.5m $0 $0
Payments of Ordinary Dividends, Common Stock $4 $6 $8 $11 $13 $14 $22 $25 $25 $25
Payments of Dividends $4 $6 $8 $11 $13 $14 $22 $25 $25 $25
Cash dividends paid ($4) ($6) ($8) ($11) ($13) ($14) ($22) ($25) ($25) ($25)
NET CASH FROM (USED IN) FINANCING ACTIVITIES $76.7m $122.4m $139.6m $67.2m $294.7m $226.8m $87.5m ($112.1m) $10.6m $25.4m
Net Cash Provided by (Used in) Financing Activities — — $139.6m $67.2m $294.7m $226.8m $87.5m ($112.1m) $10.6m $25.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $12.8m $183.9m ($141.8m) ($37.2m) $28.1m ($17.9m) $6.6m
NET CHANGE IN CASH AND CASH EQUIVALENTS ($14.2m) $15.8m $312k $12.8m $183.9m ($141.8m) ($37.2m) $28.1m ($17.9m) $6.6m
Beginning cash and cash equivalents $56.0m $41.8m $57.6m $57.9m $70.8m $254.6m $75.6m $103.7m $85.7m $92.4m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $4.3m $6.8m $12.9m $19.5m $16.5m $8.5m $16.5m $78.5m $101.2m $89.3m
Income Taxes Paid, Net $9.4m $8.8m $7.3m $6.5m $9.0m $12.5m $10.1m $6.7m ($880k) $3.2m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.