Farmers National Banc Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, net income was $2.1 million, or $0.12 per basic and diluted share, which compares to $2.3 million, or $0.12 per basic and diluted share for the fourth quarter ended December 31, 2013. Net interest income was $9.243 million against $9.041 million a year ago. Income before income taxes was $2.744 million against $2.936 million a year ago. Return on average assets (annualized) was 0.75% against 0.78% a year ago. Return on average equity (annualized) was 6.91% against 7.23% a year ago.

For the year, net income was $8.965 million or $0.48 per basic and diluted share, a 15.2% increase compared to $7.8 million or $0.41 per basic and diluted share for 2013. Net interest income was $36.336 million against $35.896 million a year ago. Income before income taxes was $11.597 million against $9.463 million a year ago. Return on average assets (annualized) was 0.79% against 0.68% a year ago. Return on average equity (annualized) was 7.45% against 6.66% a year ago. Book value per share was $6.71 as at December 31, 2014 against $6.02 per share as at December 31, 2013. Tangible book value per share was $6.23as at December 31, 2014 against $5.47 per share as at December 31, 2013.

The company reported net charge-offs of $526,000 for the fourth quarter ended December 31, 2014 against $326,000 for the same period ended December 31, 2013.