Farmers National Banc Corp.'s 2024 Annual Report highlighted a year of strategic growth and stable financial performance, navigating shifting interest rates and evolving economic conditions. The company reported total assets of $5.2 billion at year-end, with an additional $4.4 billion in wealth management assets under management.
The bank successfully increased its loan portfolio by $100 million compared to 2023, closing the year with $3.2 billion in total loans. This growth contributed to extending the company's streak of profitable quarters to 169, demonstrating consistent financial strength.
Strategic initiatives included the bank's first foray into the booming Columbus, Ohio market and the expansion and upgrade of its headquarters in Canfield, Ohio. The acquisition of Crest Retirement Advisors in Dublin, Ohio, further solidified its presence in key growth areas.
Operational achievements in 2024 also included the launch of a significantly improved user-friendly website, farmersbankgroup.com. The company also demonstrated its commitment to community by donating over $1 million in sponsorships and donations and participating in the Salvation Army Kettle Campaign.
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