CANFIELD — Farmers National Banc Corp. on Wednesday reported financial results for the three months ended March 31.
Net income for the three months was $14.6 million, or $0.51 per diluted share, which compares with $8.6 million, or $0.30 per diluted share, for the three months ended March 31, 2020, and $11.4 million, or $0.40 per diluted share, for the linked quarter.
Net income excluding acquisition costs for the quarter ended March 31 was $14.6 million, or $0.51 per share, compared with $9.7 million, or $0.34 per share, for the same quarter in 2020, and $12.8 million, or $0.45 per share, for the most recent prior quarter.
“Our record first quarter financial results reflect the power of our diversified business model, our culture of strong asset quality and our focus on providing our communities with local and individualized financial services,” Kevin J. Helmick, Farmers’ president and CEO, said in a news release. “Record quarterly earnings are especially encouraging as we operate in the continuing uncertainty surrounding the economic impacts of the COVID-19 pandemic.”