Staff report

Canfield-based Farmers National Banc Corp. touted its 2025 results in releasing its fourth quarter results Wednesday.

Farmers reported net income of $14.6 million, or $0.39 per diluted share, for the fourth quarter of 2025 compared to $14.4 million, or $0.38 per diluted share, for the fourth quarter of 2024. Net income for the fourth quarter of 2025 included $925,000 related to merger and core conversion costs and $143,000 in pretax losses for the sale of investment securities and other assets. Excluding these items, net income for the fourth quarter of 2025 was $15.1 million, or $0.40 per diluted share.

“I am pleased with our performance for the fourth quarter and full year 2025, reflecting the ongoing strength of the company’s community banking platform,” said Kevin J. Helmick, Farmers president and CEO, on the company’s website. “During the year, we added experienced team members, continued to invest in our platform, and remained focused on disciplined growth and prudent risk management.

“Most importantly, during the fourth quarter of 2025, we announced the merger with Middlefield Banc Corp., which we expect will close in the first quarter of 2026. I am excited about the direction we are headed and the opportunities ahead to create long-term value for our shareholders in 2026 and beyond.”

On Tuesday, Farmers’ board of directors declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of Feb. 13 and is payable to shareholders on Feb. 27.

Among the balance sheet highlights are:

• Total assets increased to $5.25 billion in the fourth quarter of 2025 from $5.24 billion at Sept. 30, 2025 and $5.12 billion at Dec. 31, 2024. Loans declined to $3.3 billion at Dec. 31, 2025, from $3.34 billion at Sept. 30, 2025, but were up $36.4 million from $3.27 billion at Dec. 31, 2024. The decrease from the prior quarter was primarily due to greater payoffs seen in this quarter outpacing originations in the commercial portfolio.

• Securities available for sale totaled $1.34 billion at Dec. 31, 2025, compared to $1.30 billion as of Sept. 30, 2025, and $1.27 billion at Dec. 31, 2024.

• Total deposits declined to $4.34 billion at Dec. 31, 2025, from $4.4 billion at Sept. 30, 2025, but are up $76 million since Dec. 31, 2024. During the fourth quarter of 2025, Farmers saw seasonal runoff of public funds totaling $93.4 million. Excluding public funds, the fourth quarter of 2025 saw deposit growth of $35.6 million compared to the third quarter of 2025.

• Total stockholders’ equity increased to $485.7 million at Dec. 31, 2025, from $465.9 million at Sept. 30, 2025, and $406 million at Dec. 31, 2024.

WESBANCO FOURTH QUARTER RESULTS

WesBanco Inc., a multistate bank holding company with branches in the Mahoning Valley, announced on Tuesday its net income and related earnings per share for the three months ended Dec. 31, 2025.

Net income available to common shareholders for the fourth quarter of 2025 was $78.2 million, with diluted earnings per share of $0.81, compared to $47.1 million and $0.70 per diluted share, respectively, for the fourth quarter of 2024.

The fourth quarter of 2025 included dividends and redemption premium totaling $8 million, or $0.08 per share, related to the Series A preferred stock, which was redeemed on Nov. 15, 2025. For the twelve months ended Dec. 31, 2025, net income was $202.6 million, or $2.23 per diluted share, which reflected the impact of a day one provision for credit losses and other expenses related to the closing of the Premier Financial Corp. acquisition on Feb. 28, 2025, compared to $141.4 million, or $2.26 per diluted share, for the 2024 period.