CANFIELD — Farmers National Banc Corp. reported on Wednesday net income of $13.9 million, or $0.37 per diluted share, for the second quarter of 2025 compared to $11.8 million, or $0.31 per diluted share, for the second quarter of 2024.

Net income for the second quarter of 2025 included pretax gains on the sale of investments securities and other assets totaling $173,000. Excluding these items (non-GAAP), net income for the first quarter of 2025 was $13.8 million, or $0.37 per diluted share.

“Our strong second quarter results reflect the continued success of our approach to community banking and the disciplined execution of our long-term growth strategy,” Kevin J. Helmick, Farmers president and CEO, said. “Higher profitability was driven by year-over-year growth in multiple lines of business, demonstrating the value we deliver to our Ohio and Pennsylvania communities.

“The improvement in our efficiency ratio is also encouraging, as we remain focused on prudent expense management. These results are a testament to our dedicated associates and the power of our diverse, relationship-driven banking model.”

Total assets increased to $5.18 billion in the second quarter from $5.16 billion at March 31 and $5.12 billion at Dec. 31. Loans increased to $3.30 billion at June 30 from $3.25 billion at March 31 and $3.27 billion at Dec. 31. The increase from the prior quarter was primarily due to strong growth in the commercial area with an increase in balances of $43.6%, or 8.8% annualized growth.

Total deposits declined between March 31 and June 30 but are up $129.6 million since Dec. 31. The decrease since March 31 was primarily due to a decline in the use of brokered CDs, while the increase since December is due to public funds seasonality and overall growth in deposit balances. Excluding public funds and brokered CDs, Farmers has shown growth in deposit balances with an increase of $71.7 million, or 8.8% annualized growth, since March 31 and $94.9 million, or 5.5% annualized growth, since Dec. 31.