FMNB FY 2020 Earnings Report — Farmers National Banc Corp. Revenue & Financial Results | Market Cap Arena

Farmers National Banc Corp.FMNB

FY 2020 Earnings

Reported March 4, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$148M	—	$130M	—	14.2%
Op. Income	$50M	—	$43M	—	16.7%
Gross Margin	83.0%	—	83.0%	—	-0.0pp
Net Margin	28.2%	—	27.5%	—	0.7pp
EPS (Diluted)	$1.47	—	$1.28	—	14.8%
Free Cash Flow	$45M	—	$37M	—	21.6%

Revenue Flow

Item	Amount
REVENUE	$148M
Cost of Revenue	$25M
GROSS PROFIT	$123M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$40M
SG&A Expenses	$41M
Other Expenses	$32M
Operating Expenses	$73M
Cost & Expenses	$98M
OPERATING INCOME	$50M
Interest Income	$112M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$50M
Income Tax Expense	$8M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$3M
EBIT	$50M
EBITDA	$53M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$148M
Cost of Revenue	$25M
GROSS PROFIT	$123M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$40M
SG&A Expenses	$41M
Other Expenses	$32M
Operating Expenses	$73M
Cost & Expenses	$98M
OPERATING INCOME	$50M
Interest Income	$112M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$50M
Income Tax Expense	$8M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$3M
EBIT	$50M
EBITDA	$53M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$42M
Depreciation & Amortization	$3M
Stock-Based Compensation	$1M
Deferred Income Tax	$0
Other Non-Cash Items	$9M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$49M
Capital Expenditure	-$4M
Acquisitions (Net)	-$2M
Purchases of Investments	-$177M
Sales/Maturities of Investments	$122M
Other Investing Activities	-$98M
NET CASH FROM INVESTING	-$160M
Net Debt Issuance	-$97M
Common Stock Repurchased	-$14M
Common Dividends Paid	-$13M
Other Financing Activities	$419M
NET CASH FROM FINANCING	$295M
FREE CASH FLOW	$45M
Net Change in Cash	$184M

Balance Sheet

Item	Amount
Cash & Equivalents	$21M
Short-Term Investments	$576M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$596M
PP&E (Net)	$26M
Goodwill	$46M
Intangible Assets	$4M
Long-Term Investments	$2.1B
Tax Assets	$0
Other Non-Current Assets	$318M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$3.1B
Account Payables	$0
Short-Term Debt	$3M
Deferred Revenue	$0
Other Current Liabilities	$2.6B
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$76M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$31M
TOTAL NON-CURRENT LIABILITIES	$108M
TOTAL LIABILITIES	$2.7B
Common Stock	$209M
Additional Paid-In Capital	$0
Retained Earnings	$138M
Treasury Stock	-$19M
Accum. Other Comp. Income	$22M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$350M
Minority Interest	$0
TOTAL EQUITY	$350M
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$79M
Net Debt	$58M