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Farmers National Banc Beats Q2 Estimates

The period revealed higher profitability as Farmers National Banc once again exceeded earnings (non-GAAP EPS) and revenue (GAAP) estimates. Earnings per share reached 0.37.Revenue(GAAP)cameinat0.37. Revenue (GAAP) came in at 47.0 million, a 1.0millionGAAPrevenuebeatversusexpectations.Managementcreditedthesegainstogrowthinseveralbusinesslines,supportedbynetincomeof1.0 million GAAP revenue beat versus expectations. Management credited these gains to growth in several business lines, supported by net income of 13.9 million (GAAP). Loan growth helped drive results. Total loans rose by 52.0million,withcommercialloanbalancesup52.0 million, with commercial loan balances up 43.6 million. This equ ...