How has Farmers National Banc Corp's provision for credit losses changed year-over-year?

Farmers National Banc Corp's provision for credit losses increased by 2784.0% year-over-year, from $243K to $7.01M.

What does provision for credit losses mean?

Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

Farmers National Banc Corp FMNB Provision for Credit Losses

Discontinued — last reported Q3 '24

Provision for Credit Losses at other companies

KeyCorpKEY

$106M-10.2%

Capital City Bank GroupCCBG

$712K-7.3%

STB

S&T BancorpSTBA

$1.78M+171%

First Financial BanksharesFFIN

$2.29M-35.1%

Northwest BancsharesNWBI

$4.37M-44.8%

Huntington BancsharesHBAN

——

Segments

By segment

See full

Bank-$1.03M-407%

Trust$0—

Other financials

Income statement

See full

Revenue$80.8M+19.2%

Net income$16.3M+19.8%

EPS (diluted)$0.38-2.6%

Balance sheet

See full

Cash & equivalents$38.2M+107%

Total debt$446.5M+127%

Total equity$766.9M+78.7%

Total assets$7.2B+39.1%

Cash flow

See full

Operating cash flow$7.6M-51.7%

CapEx$507.0K-85.5%

Free cash flow$7.1M-41.9%

Valuation

See full

Market cap$858.62M+77.4%

Enterprise value$1.27B+91.4%

P/E15×+5.0×

P/S2.9×+0.5×

Profitability

See full

Net margin19.6%-4.9pp

FCF margin16.1%-11.7pp

Returns & leverage

See full

Return on equity9.6%-2.1pp

Debt / equity0.6×+0.1×

Where this comes from

Reported directly by Farmers National Banc Corp in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForLoanLeaseAndOtherLosses.

The official record: Farmers National Banc Corp’s 10-Q, filed November 7, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Farmers National Banc Corp's provision for credit losses?: Farmers National Banc Corp (FMNB) reported provision for credit losses of $7.01M in Q3 2024.
How has Farmers National Banc Corp's provision for credit losses changed year-over-year?: Farmers National Banc Corp's provision for credit losses increased by 2784.0% year-over-year, from $243K to $7.01M.
What does provision for credit losses mean?: Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.