In the Q2, Farmers National Banc Corp's corporate clients experienced a decline by -13.76 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 1.72 %. During the corresponding time, Farmers National Banc Corp recorded a revenue increase by 43.94 % year on year, sequentially revenue grew by 75.44 %. While revenue at the Farmers National Banc Corp's corporate clients recorded rose by 1.73 % year on year, sequentially revenue grew by 19.99 %.
Customers of Farmers National Banc Corp saw their costs of revenue decline by -13.76 % in Q2 compare to a year ago, sequentially costs of revenue grew by 1.72 %, for the same period Farmers National Banc Corp recorded revenue increase by 43.94 % year on year, sequentially revenue grew by 75.44 %.
Farmers National Banc's Comment on Sales, Marketing and Customers
The company primarily serves customers in Ohio and Pennsylvania, regions with a high concentration of financial service providers. It competes for loans with savings banks, savings and loan associations, commercial banks, mortgage banking companies, credit unions, insurance companies, and other financial service firms. Competition for deposits comes mainly from savings and loan associations, savings banks, commercial banks, credit unions, as well as non-depository entities such as mutual fund companies, securities and brokerage firms, and insurance companies.
In 2009, the company acquired Farmers Trust Company, which provides personal and corporate trust services including estate settlement, trust administration, employee benefit plans, and retirement services. Farmers Trust operates five offices located in Boardman, Canton, Howland, Wooster, and Fairview Park, Ohio. In 2024, Farmers Trust acquired substantially all assets of Crest Retirement Advisors, LLC.
The company also owns subsidiaries Farmers National Insurance, LLC, which offers various insurance products, and Farmers of Canfield Investment Company, which invests in municipal securities. These subsidiaries do not represent a material portion of the company's revenue and are included in the Bank's overall operations.
Farmers National Banc’s Comment on Sales, Marketing and Customers
The company primarily serves customers in Ohio and Pennsylvania, regions with a high concentration of financial service providers. It competes for loans with savings banks, savings and loan associations, commercial banks, mortgage banking companies, credit unions, insurance companies, and other financial service firms. Competition for deposits comes mainly from savings and loan associations, savings banks, commercial banks, credit unions, as well as non-depository entities such as mutual fund companies, securities and brokerage firms, and insurance companies.
In 2009, the company acquired Farmers Trust Company, which provides personal and corporate trust services including estate settlement, trust administration, employee benefit plans, and retirement services. Farmers Trust operates five offices located in Boardman, Canton, Howland, Wooster, and Fairview Park, Ohio. In 2024, Farmers Trust acquired substantially all assets of Crest Retirement Advisors, LLC.
The company also owns subsidiaries Farmers National Insurance, LLC, which offers various insurance products, and Farmers of Canfield Investment Company, which invests in municipal securities. These subsidiaries do not represent a material portion of the company's revenue and are included in the Bank's overall operations.
Sources:
Farmers National Banc Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Farmers National Banc Corp’s corporate clients.
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