FMNB FY 2021 Earnings Report — Farmers National Banc Corp. Revenue & Financial Results | Market Cap Arena

Farmers National Banc Corp.FMNB

FY 2021 Earnings

Reported March 9, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$155M	—	$148M	—	4.2%
Op. Income	$62M	—	$50M	—	23.6%
Gross Margin	91.4%	—	83.0%	—	8.4pp
Net Margin	33.5%	—	28.2%	—	5.3pp
EPS (Diluted)	$1.77	—	$1.47	—	20.4%
Free Cash Flow	$54M	—	$45M	—	18.0%

Revenue Flow

Item	Amount
REVENUE	$155M
Cost of Revenue	$13M
GROSS PROFIT	$141M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$39M
SG&A Expenses	$41M
Other Expenses	$38M
Operating Expenses	$79M
Cost & Expenses	$93M
OPERATING INCOME	$62M
Interest Income	$116M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$62M
Income Tax Expense	$10M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$4M
EBIT	$62M
EBITDA	$66M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$155M
Cost of Revenue	$13M
GROSS PROFIT	$141M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$39M
SG&A Expenses	$41M
Other Expenses	$38M
Operating Expenses	$79M
Cost & Expenses	$93M
OPERATING INCOME	$62M
Interest Income	$116M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$62M
Income Tax Expense	$10M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$4M
EBIT	$62M
EBITDA	$66M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$52M
Depreciation & Amortization	$4M
Stock-Based Compensation	$1M
Deferred Income Tax	$0
Other Non-Cash Items	$6M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$55M
Capital Expenditure	-$1M
Acquisitions (Net)	$84M
Purchases of Investments	-$851M
Sales/Maturities of Investments	$111M
Other Investing Activities	$234M
NET CASH FROM INVESTING	-$424M
Net Debt Issuance	$2.0K
Common Stock Repurchased	-$164.0K
Common Dividends Paid	-$14M
Other Financing Activities	$241M
NET CASH FROM FINANCING	$227M
FREE CASH FLOW	$54M
Net Change in Cash	-$142M

Balance Sheet

Item	Amount
Cash & Equivalents	$29M
Short-Term Investments	$1.4B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$38M
Goodwill	$94M
Intangible Assets	$8M
Long-Term Investments	$2.3B
Tax Assets	$0
Other Non-Current Assets	$209M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$4.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$3.5B
TOTAL CURRENT LIABILITIES	$3.5B
Long-Term Debt	$88M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$35M
TOTAL NON-CURRENT LIABILITIES	$123M
TOTAL LIABILITIES	$3.7B
Common Stock	$306M
Additional Paid-In Capital	$0
Retained Earnings	$174M
Treasury Stock	-$17M
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$472M
Minority Interest	$0
TOTAL EQUITY	$472M
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$88M
Net Debt	$59M