Farmers National Banc Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net interest income of $17,291,000 against $16,458,000 a year ago. Income before income taxes was $7,377,000 against $4,023,000 a year ago. Net income was $5,363,000 or $0.20 per basic and diluted share against $3,175,000 or $0.12 per basic and diluted share a year ago. Return on average assets was 1.08% against 0.68% a year ago. Return on average equity was 9.74% against 6.51% a year ago. Return on average tangible assets was 1.11% against 0.70% a year ago. Return on average tangible equity was 12.34% against 8.44% a year ago. Adjusted income before income taxes was $7,396,000 against $5,759,000 a year ago. Net income adjusted was $5,378,000 or $0.20 per share against $4,325,000 or $0.16 per share a year ago.

For the year, the company reported net interest income of $68,120,000 against $49,737,000 a year ago. Income before income taxes was $28,042,000 against $10,554,000 a year ago. Net income was $20,557,000 or $0.76 per basic and diluted share against $8,055,000 or $0.36 per basic and diluted share a year ago. Return on average assets was 1.07% against 0.54% a year ago. Return on average equity was 9.72% against 4.97% a year ago. Return on average tangible assets was 1.09% against 0.55% a year ago. Return on average tangible equity was 12.30% against 5.92% a year ago. Book value per share was $7.88 against $7.35 per share a year ago. Tangible book value per share was $6.21 against $5.76 per share a year ago. Adjusted income before income taxes was $28,605,000 against $16,946,000 a year ago. Net income adjusted was $20,969,000 or $0.78 per share against $12,886,000 or $0.57 per share a year ago.

For the quarter, the company reported net charge-offs of $656,000 against $296,000 a year ago.