FMNB FY 2022 Earnings Report — Farmers National Banc Corp. Revenue & Financial Results | Market Cap Arena

Farmers National Banc Corp.FMNB

FY 2022 Earnings

Reported March 9, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$178M	—	$155M	—	15.0%
Op. Income	$73M	—	$62M	—	17.3%
Gross Margin	89.3%	—	91.4%	—	-2.1pp
Net Margin	34.1%	—	33.5%	—	0.5pp
EPS (Diluted)	$1.79	—	$1.77	—	1.1%
Free Cash Flow	$79M	—	$54M	—	47.4%

Revenue Flow

Item	Amount
REVENUE	$178M
Cost of Revenue	$19M
GROSS PROFIT	$159M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$45M
SG&A Expenses	$47M
Other Expenses	$39M
Operating Expenses	$86M
Cost & Expenses	$105M
OPERATING INCOME	$73M
Interest Income	$141M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$73M
Income Tax Expense	$12M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$5M
EBIT	$73M
EBITDA	$78M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$178M
Cost of Revenue	$19M
GROSS PROFIT	$159M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$45M
SG&A Expenses	$47M
Other Expenses	$39M
Operating Expenses	$86M
Cost & Expenses	$105M
OPERATING INCOME	$73M
Interest Income	$141M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$73M
Income Tax Expense	$12M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$5M
EBIT	$73M
EBITDA	$78M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$61M
Depreciation & Amortization	$5M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	$6M
Change in Working Capital	$8M
OPERATING CASH FLOW	$82M
Capital Expenditure	-$3M
Acquisitions (Net)	-$1M
Purchases of Investments	-$242M
Sales/Maturities of Investments	$118M
Other Investing Activities	-$78M
NET CASH FROM INVESTING	-$206M
Net Debt Issuance	$95M
Common Stock Repurchased	$0
Common Dividends Paid	-$22M
Other Financing Activities	$14M
NET CASH FROM FINANCING	$87M
FREE CASH FLOW	$79M
Net Change in Cash	-$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$21M
Short-Term Investments	$1.3B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$31M
Goodwill	$95M
Intangible Assets	$7M
Long-Term Investments	$2.4B
Tax Assets	$0
Other Non-Current Assets	$235M
TOTAL NON-CURRENT ASSETS	$2.8B
TOTAL ASSETS	$4.1B
Account Payables	$0
Short-Term Debt	$95M
Deferred Revenue	$0
Other Current Liabilities	$3.6B
TOTAL CURRENT LIABILITIES	$3.7B
Long-Term Debt	$88M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$45M
TOTAL NON-CURRENT LIABILITIES	$133M
TOTAL LIABILITIES	$3.8B
Common Stock	$305M
Additional Paid-In Capital	$0
Retained Earnings	$212M
Treasury Stock	-$15M
Accum. Other Comp. Income	-$210M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$292M
Minority Interest	$0
TOTAL EQUITY	$292M
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$183M
Net Debt	$162M