Farmers National Banc Q1 Adj $0.34 Beats $0.33 Estimate
Portfolio Pulse from Benzinga Newsdesk
Farmers National Banc (NASDAQ:FMNB) reported Q1 adjusted earnings of $0.34 per share, surpassing the consensus estimate of $0.33 by 3.03%. However, this represents a 22.73% decrease from the $0.44 per share reported in the same period last year.
April 24, 2024 | 12:09 pm
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Farmers National Banc reported a slight beat on Q1 earnings estimates but saw a significant year-over-year decrease.
While FMNB's earnings beat may provide a short-term positive sentiment, the significant year-over-year decrease could raise concerns about the bank's growth trajectory and profitability, potentially offsetting the positive impact.
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