CANFIELD, Ohio (AP) _ Farmers National Banc Corp. (FMNB) on Thursday reported fourth-quarter profit of $11.4 million.

The bank, based in Canfield, Ohio, said it had earnings of 40 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 45 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The bank posted revenue of $39.5 million in the period. Its revenue net of interest expense was $36.5 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $33.2 million.

For the year, the company reported profit of $41.9 million, or $1.47 per share. Revenue was reported as $133.3 million.

Farmers National shares have increased almost 1% since the beginning of the year. The stock has decreased 16% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FMNB at https://www.zacks.com/ap/FMNB

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