Farmers National Banc Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
Net income for the year ended December 31, 2013 was $7.8 million, or $0.41 per diluted share compared to $9.9 million or $0.53 per diluted share for 2012. Net interest income was $35.896 million against $36.898 million a year ago. Income before income taxes was $9.463 million against $12.987 million a year ago. Return on average assets (annualized) was 0.68% against 0.89% a year ago. Return on average equity (annualized) was 6.66% against 8.42% a year ago. Book value per share was $6.02 as at December 31, 2013 against $6.43 per share as at December 31, 2012. Tangible book value per share was $5.47as at December 31, 2013 against $6.11 per share as at December 31, 2012.