FARMERS NATIONAL BANC CORP /OH/ Earnings Per Share Disclosure
NOTE 21 – EARNINGS PER SHARE
The factors used in the earnings per share computation follow:
| 2025 | 2024 | 2023 | ||||||||||
| Basic EPS | ||||||||||||
| Net income | $ | 54,586 | $ | 45,949 | $ | 49,932 | ||||||
| Weighted average shares outstanding | 37,441,972 | 37,327,848 | 37,384,122 | |||||||||
| Basic earnings per share | $ | 1.46 | $ | 1.23 | $ | 1.34 | ||||||
| Diluted EPS | ||||||||||||
| Net income | $ | 54,586 | $ | 45,949 | $ | 49,932 | ||||||
| Weighted average shares for basic earnings per share | 37,441,972 | 37,327,848 | 37,384,122 | |||||||||
| Average unvested restricted stock awards | 191,300 | 184,037 | 114,147 | |||||||||
| Weighted average shares for diluted earnings per share | 37,633,272 | 37,511,885 | 37,498,269 | |||||||||
| Diluted earnings per share | $ | 1.45 | $ | 1.22 | $ | 1.33 | ||||||
There were 131,624, 41,884 and 194,599 restricted stock awards that were considered anti-dilutive at year-end 2025, 2024 and 2023, respectively.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 5, 2026 | Showing above |
| 2024 | Mar 6, 2025 | |
| 2023 | Mar 7, 2024 | |
| 2022 | Mar 9, 2023 | |
| 2021 | Mar 9, 2022 | |
| 2020 | Mar 4, 2021 | |
| 2019 | Mar 5, 2020 | |
| 2018 | Mar 5, 2019 | |
| 2017 | Mar 6, 2018 | |
| 2016 | Mar 7, 2017 | |
| 2015 | Mar 10, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.