Farmers reports fourth quarter, full-year earnings

CANFIELD — Canfield-based Farmers National Banc Corp. reported net income of $3.2 million in the fourth quarter of 2015 compared with $2.1 million reported the same quarter 2014.

For the year, Farmers, reported net income of $8.1 million compared with $9 million reported in 2014.

Excluding expenses from acquisitions, the bank’s net income would have been $12.9 million for last year.

In October, Farmers completed the merger of Tri-State 1st Banc Inc., the holding company for 1st National Community Bank. Immediately after the merger, 1st National Community Bank was merged into The Farmers National Bank of Canfield.

In June, Farmers completed its merger of National Bancshares Corp., the holding company for First National Bank of Orrville.