Farmers National Banc Corp. Financial Ratios — FMNB Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	8.49	9.05	6.67	7.26	4.89	9.71	9.73	12.63	12.66	13.04	12.54	12.15	8.92	7.5	8.56
Return on Assets (%)	0.9	0.9	0.68	0.79	0.54	1.07	1.1	1.45	1.5	1.52	1.44	1.47	1.09	0.9	1.05
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	3.35	3.51	3.9	3.84	4.04	4.01	3.21	2.88	2.57	2.36	2.42	3.06	4.08	3.76	3.59
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	23.93	26.25	19	22.46	15.51	30.69	33.94	36.81	39.01	37.98	42.49	45.52	32.67	32.59	34.49
Profit Margin (%)	18.76	20.07	15.62	17.36	11.84	22.5	23.25	31.32	32.39	31.64	35.47	37.87	27.79	27.02	28.95
Net Income to Common Margin (%)	18.76	20.07	15.62	17.36	11.84	22.5	23.25	31.32	32.39	31.64	35.47	37.87	27.79	27.02	28.95
Effective Tax Rate (%)	21.6	23.52	17.79	22.7	23.68	26.69	31.51	14.93	16.98	16.7	16.53	16.8	14.93	17.1	16.08
Dvd Payout Ratio (%)	24.31	34.05	28.89	24.94	33.31	21.04	26.47	25.53	29.47	30.22	27.14	36.31	50.86	55.25	46.65
Sustainable Growth Rate (%)	6.43	5.97	4.74	5.45	3.26	7.67	7.15	9.4	8.93	9.1	9.14	7.74	4.38	3.36	4.56

Credit (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	109	90	101	88	248	213	297	251	122	79	88	183	444	391	368
ST Debt	98	80	82	69	226	198	290	245	77	3	- -	95	355	305	281
LT Debt	11	10	20	18	22	15	7	6	45	76	88	88	89	86	87
Total Debt/EBITDA	66.39	51.96	52.15	44.18	90.14	58.22	94.48	83.85	43.04	25.27	24.8	37.4	60.55	61.11	54.26
Net Debt/EBITDA	57.8	43.79	45.49	38.42	81.96	52.85	88.81	77.82	34.86	18.71	16.56	33.03	56.61	57.92	51.24
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.96	9.93	10.56	11.17	10.83	11.23	11.4	11.58	12.05	11.29	11.59	12.68	11.86	12.18	12.44
Long-Term Debt/Equity (%)	9.84	8.63	17.54	14.88	11.19	7.05	2.89	2.3	15.08	21.82	18.58	30.18	21.92	21.22	17.86
Long-Term Debt/Capital (%)	5.22	5.12	8.95	8.57	4.92	3.46	1.29	1.16	10.82	17.94	15.46	12.58	8.48	8.49	8.5
Long-Term Debt/Total Assets (%)	1.05	0.91	1.74	1.62	1.18	0.76	0.32	0.26	1.84	2.49	2.12	2.16	1.75	1.68	1.65
Total Debt/Equity (%)	95.55	74.76	89.76	70.83	125.22	100.13	122.51	95.61	40.83	22.54	18.58	62.68	109.7	96.34	75.71
Total Debt/Capital (%)	50.69	44.38	45.78	40.8	55.04	49.15	54.65	48.18	29.28	18.53	15.46	26.14	42.43	38.56	36.03
Total Debt/Total Assets (%)	10.24	7.92	8.92	7.7	13.26	10.86	13.74	10.77	4.99	2.57	2.12	4.49	8.74	7.64	7.01
Net Debt to Equity	83.18	63	78.3	61.6	113.85	90.9	115.16	88.73	33.07	16.68	12.41	55.36	102.56	91.31	71.49
Net Debt/Capital (%)	47.22	40.2	42.42	37.48	52.67	46.74	53.11	46.31	25.11	14.41	10.88	23.81	40.79	37.3	34.72
EBITDA	2	2	2	2	3	4	3	3	3	3	4	5	7	6	7
EBITDA-CapEx	-2	-1	2	1	1	3	2	3	1	-1	2	2	3	-5	-1
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.96	9.93	10.56	11.17	10.83	11.23	11.4	11.58	12.05	11.29	11.59	12.68	11.86	12.18	12.44
Long-Term Debt/Equity (%)	9.84	8.63	17.54	14.88	11.19	7.05	2.89	2.3	15.08	21.82	18.58	30.18	21.92	21.22	17.86
Long-Term Debt/Capital (%)	5.22	5.12	8.95	8.57	4.92	3.46	1.29	1.16	10.82	17.94	15.46	12.58	8.48	8.49	8.5
Long-Term Debt/Total Assets (%)	1.05	0.91	1.74	1.62	1.18	0.76	0.32	0.26	1.84	2.49	2.12	2.16	1.75	1.68	1.65
Total Debt/Equity (%)	95.55	74.76	89.76	70.83	125.22	100.13	122.51	95.61	40.83	22.54	18.58	62.68	109.7	96.34	75.71
Total Debt/Capital (%)	50.69	44.38	45.78	40.8	55.04	49.15	54.65	48.18	29.28	18.53	15.46	26.14	42.43	38.56	36.03
Total Debt/Total Assets (%)	10.24	7.92	8.92	7.7	13.26	10.86	13.74	10.77	4.99	2.57	2.12	4.49	8.74	7.64	7.01
CFO/Total Liabilities	1.47	1.08	1.39	1.21	0.38	1.4	1.59	1.88	1.8	1.8	1.5	2.15	1.35	1.41	1.26
CFO/CapEx	3.9	3.43	66.29	12.6	4.87	31.09	31.97	86.14	26.59	13.28	39.95	31.85	16.22	5.7	7.64
Altman's Z-Score	0.11	0.12	0.13	0.16	0.13	0.21	0.21	0.2	0.24	0.19	0.18	0.19	0.17	0.18	0.18

Working Capital (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover

- -

Days Sales Outstanding

- -

Inventory Turnover

- -

Days Inventory Outstanding

- -

Accounts Payable Turnover

- -

Accounts Payable Turnover Days

- -

Cash Conversion Cycle

- -

Inventory to Cash Days

- -

Inventories

- -

Raw Materials

- -

Work In Process

- -

Finished Goods

- -

Other Inventory

- -

Enterprise Value (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	90	117	123	156	195	383	407	353	452	375	540	478	538	531	498
- Cash & Cash Equivalents	14	14	13	11	22	20	18	18	23	21	29	21	29	20	20
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	109	90	101	88	248	213	297	251	122	79	88	183	444	391	368
Enterprise Value	-214	-271	-212	-158	26	207	292	183	119	-142	-829	-628	-346	-365	112
Total Capital	216	203	222	214	451	434	543	521	417	426	568	701	1,046	1,014	1,021
Total Debt/Capital (%)	50.69	44.38	45.78	40.8	55.04	49.15	54.65	48.18	29.28	18.53	15.46	26.14	42.43	38.56	36.03
Total Debt / EV	-0.51	-0.33	-0.48	-0.55	9.46	1.03	1.01	1.37	1.03	-0.56	-0.11	-0.29	-1.28	-1.07	3.28
EV/Sales	- -	- -	- -	- -	0.39	2.27	2.99	1.76	1.08	- -	- -	- -	- -	1.59	0.59
EV/EBITDA	- -	- -	- -	- -	9.53	56.51	93.17	61.23	41.97	- -	- -	- -	- -	42.25	16.55
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	4.14	8.46	9.57	4.72	3.07	- -	- -	- -	- -	4.06	1.87
EV/Free Cash Flow to Firm	- -	- -	- -	- -	3.44	8.2	9.28	4.67	2.96	- -	- -	- -	- -	3.45	1.65
Diluted Market Cap	90	117	123	156	195	383	407	358	455	377	543	479	542	533	501
Diluted Enterprise Value	186	193	211	232	421	577	685	590	554	435	602	641	957	904	849
EV per Share	- -	- -	- -	- -	1.16	7.67	10.61	6.62	4.3	- -	- -	- -	- -	7.24	3
TTM Sales	49	49	50	52	68	91	98	104	110	132	146	160	180	170	189
TTM EBITDA	2	2	2	2	3	4	3	3	3	3	4	5	7	6	7
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	14	11	14	12	6	24	31	39	39	49	55	82	63	67	60
TTM Free Cash Flow to Firm	18	14	14	13	8	25	32	39	40	53	56	84	67	78	68

Multiples (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	5.15	8.22	8.5	11.79	25.59	15.16	12.9	9.12	11.31	7.14	9.65	5.7	8.11	6.81	7.38
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-214	-271	-212	-158	26	207	292	183	119	-142	-829	-628	-346	-365	112
Low Price	3.25	4.8	5.81	6.53	7.09	8	12.13	11.56	11.57	9.82	13.03	12.41	10.38	11.55	11.58
EV/Sales	- -	- -	- -	- -	0.39	2.27	2.99	1.76	1.08	- -	- -	- -	- -	1.59	0.59
EV/EBITDA	- -	- -	- -	- -	9.53	56.51	93.17	61.23	41.97	- -	- -	- -	- -	42.25	16.55
Price/Earnings	9.81	11.73	15.81	17.39	24.21	18.65	17.9	10.83	12.65	8.97	10.42	7.89	10.78	11.56	9.12
Price/Earnings Average	8.91	11.47	15.32	15.95	22.93	12.97	17.18	12.62	11.15	8.47	9.09	8.63	9.49	11.23	9.38
Price/Earnings High	10.41	13.06	16.65	18.14	24.63	20.36	19.36	14.36	12.79	11.15	10.67	11.17	11.25	13.27	10.62
Price/Earnings Low	6.44	9.08	14.02	13.6	19.96	10.51	14.72	9.82	8.97	6.64	7.32	6.93	7.75	9.39	7.93
Price/Book Value	0.85	1.03	1.02	1.23	0.96	1.74	1.65	1.31	1.53	1.08	1.13	0.92	0.89	0.85	0.76
Price/Book Value Average	0.77	1.01	0.99	1.13	0.91	1.21	1.58	1.52	1.35	1.02	0.98	1.01	0.79	0.83	0.78
Price/Book Value High	0.9	1.15	1.08	1.28	0.98	1.89	1.79	1.73	1.55	1.35	1.15	1.31	0.93	0.98	0.89
Price/Book Value Low	0.56	0.8	0.91	0.96	0.79	0.98	1.36	1.19	1.09	0.8	0.79	0.81	0.64	0.69	0.66
Price/Tangible Book Value	0.84	1.02	1.2	1.36	1.26	2.28	2.07	1.61	1.76	1.25	1.46	2.51	2.51	2.44	1.66
Price/Tangible Book Value Average	0.76	0.99	1.16	1.25	1.19	1.59	1.98	1.88	1.55	1.18	1.27	2.74	2.21	2.37	1.7
Price/Tangible Book Value High	0.89	1.13	1.26	1.42	1.28	2.49	2.24	2.14	1.78	1.55	1.5	3.55	2.62	2.8	1.93
Price/Tangible Book Value Low	0.55	0.79	1.06	1.06	1.04	1.29	1.7	1.47	1.25	0.92	1.03	2.2	1.81	1.98	1.44
Price/Sales	1.84	2.35	2.47	3.02	2.87	4.2	4.16	3.39	4.1	2.84	3.7	2.99	3	3.12	2.64
Price/Sales Average	1.67	2.3	2.39	2.77	2.71	2.92	3.99	3.95	3.61	2.68	3.22	3.27	2.64	3.03	2.72
Price/Sales High	1.95	2.62	2.6	3.15	2.92	4.58	4.5	4.5	4.14	3.53	3.78	4.23	3.13	3.58	3.07
Price/Sales Low	1.21	1.82	2.19	2.36	2.36	2.36	3.42	3.08	2.9	2.1	2.6	2.63	2.15	2.54	2.3
Price/Cash Flow	6.46	10.62	8.63	12.73	30.84	15.65	13.3	9.1	11.67	7.65	9.84	5.87	8.56	7.97	8.29
Price/Cash Flow Average	5.87	10.38	8.36	11.67	29.21	10.88	12.76	10.6	10.29	7.23	8.58	6.42	7.53	7.74	8.53
Price/Cash Flow High	6.85	11.82	9.09	13.28	31.38	17.09	14.39	12.07	11.8	9.51	10.07	8.31	8.93	9.15	9.65
Price/Cash Flow Low	4.24	8.22	7.65	9.95	25.43	8.82	10.94	8.25	8.27	5.66	6.91	5.15	6.15	6.48	7.21
Price/Free Cash Flow Average	4.67	8.04	8.24	10.81	24.24	10.55	12.37	10.63	9.97	6.74	8.41	6.23	7.14	6.61	7.59
Price/Free Cash Flow High	5.46	9.15	8.95	12.3	26.03	16.55	13.95	12.1	11.44	8.88	9.87	8.07	8.46	7.82	8.59
Price/Free Cash Flow Low	3.38	6.37	7.54	9.22	21.1	8.54	10.61	8.28	8.02	5.28	6.78	5.01	5.83	5.53	6.42
EV/Sales Average	3.61	3.84	4.17	4.24	6.03	5.04	6.85	6.19	4.51	3.12	3.62	4.28	4.95	5.21	4.56
EV/Sales High	3.89	4.16	4.38	4.62	6.23	6.7	7.35	6.74	5.04	3.97	4.18	5.24	5.44	5.76	4.91
EV/Sales Low	3.15	3.36	3.97	3.84	5.68	4.49	6.28	5.31	3.8	2.54	3	3.64	4.46	4.72	4.14
EV/EBITDA Average	107.66	109.33	106.78	110.59	149.11	125.56	213.08	215.18	175.3	132.26	149.67	139.77	121.27	138.5	126.81
EV/EBITDA High	116.04	118.39	112.09	120.53	154.1	166.98	228.89	234.19	195.97	168.25	172.85	171.23	133.3	153.16	136.75
EV/EBITDA Low	93.85	95.69	101.57	99.98	140.41	111.76	195.34	184.78	147.83	107.71	123.8	118.79	109.4	125.32	115.12
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	4.95	6.2	6.55	8.35	8.6	14.2	14.75	12.74	16.32	13.27	18.55	14.12	14.45	14.22	13.32
High Price	5.25	6.9	6.9	8.71	8.75	15.5	15.95	16.9	16.5	16.5	18.99	20	15.08	16.32	15.5
Enterprise Value Average	177	190	208	219	410	460	669	644	498	413	530	685	889	887	859
Enterprise Value High	191	206	218	239	424	612	718	700	556	525	612	839	977	980	927
Enterprise Value Low	155	166	198	198	386	410	613	553	420	336	438	582	802	802	780

Shares Outstanding	19	19	19	18	27	27	28	28	28	28	34	34	38	38	38
Diluted Weighted Avg Shares	18	19	19	19	23	27	28	28	28	28	29	34	37	38	38
Basic Weighted Avg Shares	18	19	19	19	23	27	28	28	28	28	29	34	37	37	37
Revenue per Share	2.69	2.63	2.65	2.77	3	3.38	3.54	3.76	3.98	4.68	5.02	4.73	4.82	4.55	5.04
EBITDA per Share	0.09	0.09	0.1	0.11	0.12	0.14	0.11	0.11	0.1	0.11	0.12	0.14	0.2	0.17	0.18
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.5	0.53	0.41	0.48	0.36	0.76	0.82	1.18	1.29	1.48	1.78	1.79	1.34	1.23	1.46
Basic EPS from Cont Ops	0.5	0.53	0.41	0.48	0.36	0.76	0.82	1.18	1.29	1.48	1.78	1.79	1.34	1.23	1.46
Diluted EPS, GAAP	0.5	0.53	0.41	0.48	0.36	0.76	0.82	1.16	1.28	1.47	1.77	1.79	1.33	1.22	1.45
Diluted EPS from Cont Ops	0.5	0.53	0.41	0.48	0.36	0.76	0.82	1.16	1.28	1.47	1.77	1.79	1.33	1.22	1.45
Dividend per Share	0.12	0.18	0.12	0.12	0.12	0.16	0.22	0.3	0.38	0.45	0.48	0.65	0.68	0.68	0.68
Cash Flow per Share	0.77	0.58	0.76	0.66	0.28	0.91	1.11	1.4	1.4	1.73	1.89	2.41	1.69	1.78	1.61
Free Cash Flow per Basic Share	0.57	0.41	0.75	0.6	0.22	0.88	1.07	1.38	1.35	1.6	1.84	2.33	1.58	1.47	1.4
Cash & Equivalents per Share	22.67	25.45	23.22	21.49	18.38	14.43	14.9	15.18	16.43	21.07	50.02	38.09	35.65	34.45	20.16
Book Value per Share	5.82	6.02	6.4	6.8	8.93	8.18	8.93	9.75	10.65	12.26	16.48	15.29	16.16	16.68	17.46
Tangible Book Value per Share	5.91	6.11	5.47	6.14	6.84	6.22	7.14	7.89	9.26	10.62	12.7	5.63	5.75	5.83	8.04

Farmers National Banc Corp.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)