CANFIELD, Ohio – Farmers National Banc Corp. on Wednesday reported its 174th consecutive quarter of profitability. 

Farmers reported net income of $23 million, or 39 cents per diluted share, for the second quarter of 2026.

The net income is up from $13.9 million in the second quarter of 2025.

The second-quarter performance was affected by a $1.7 million expense following the March 2 acquisition of Middlefield Banc Corp. and associated core conversion costs, Farmers reported. Excluding non-GAAP items, adjusted net income was $24.4 million, or 41 cents per diluted share.

Total assets as of June 30 were $7.14 billion, compared with $7.18 billion at the end of the first quarter and $5.25 billion at the end of 2025. The acquisition of Middlefield Banc Corp. added $1.82 billion in assets on the date of closing.

“I am extremely pleased with the accelerated commercial fundings of $175 million in the second quarter as the team continues to focus on consistency in this area,” said Kevin J. Helmick, president and CEO of Farmers. “We also made meaningful progress integrating the March 2026 Middlefield acquisition during the quarter and preparing for our core technology conversion, which remains on track for completion late in the third quarter. These initiatives are important components of our ongoing investment to build a stronger, more efficient and increasingly scalable community banking platform. As we bring our teams, systems and capabilities together, we believe we are strengthening the foundation of our business and enhancing our ability to serve customers across our growing Ohio and Pennsylvania markets.”

Other highlights in the second quarter include:

  • Declining total deposits of $5.83 billion, compared with $5.92 billion in the first quarter.
  • Total stockholders’ equity increasing to $784 million from $766.9 at the end of the first quarter.
  • Nonperforming loans declining to $44.6 million from $59.9 million at the end of the first quarter.
  • Net interest income increasing to $56 million, compared with $34.9 million in the second quarter of 2025.

The complete report can be found HERE.