PM Images/DigitalVision via Getty Images Farmers National Banc Corp. ( FMNB ) has been very dependent on mergers & acquisitions which decreased and diluted value generation to shareholders. And it is struggling to grow its loan portfolio without any acquisitions unlike 5.9% average growth reported by FDIC insured banks. FMNB is also lagging in many areas that is why its stock price only grew by 5%...
PM Images/DigitalVision via Getty Images Farmers National Banc Corp. ( FMNB ) has been very dependent on mergers & acquisitions which decreased and diluted value generation to shareholders. And it is struggling to grow its loan portfolio without any acquisitions unlike 5.9% average growth reported by FDIC insured banks. FMNB is also lagging in many areas that is why its stock price only grew by 5% in the past one year while S&P 500 grew by 30.63% and KRE grew by 23%. While its valuation and dividend yield are attractive, complete picture makes different story. Stock Returns of FMNB, S&P500 and KRE (Seeking Alpha) Profitability It is not just about no scope to increase dividend as cash dividend payout ratio reached 48.81%, Farmers National Banc Corp.’s overall performance started to decline since 2022. In the past six years FMNB had acquisitions every year except 2022 and 2025, these acquisitions mostly had stock as payment with little cash involvement. Company filings In addition, profitability declined substantially from 1.54% in 2022 to 1.14% in 2025 and acquisitions which used to add value earlier (until 2021) decreased value in the short term due to large share issuances to complete the acquisition of Middlefield Banc Corp and others. Data by YCharts While the acquisitions add value eventually, giving more preference to acquisitions while not increasing the profitability of the bank and the value generated to shareholders through book value per share is the problem. As seen in the chart above current book value per share is $12.95 in Q1, 2026 even after four years it has stayed below $13.94 reached in 2021. Seeking Alpha Farmers National Banc Corp. posted almost zero growth in book value per share from $12.95 in Q2, 2021 to $12.96 in Q1, 2026, while its peer NBT Bancorp ( NBTB ) posted 30% growth in book value per share from $28.19 in Q2, 2021 to $36.57 Q1, 2026 and Park National Corporation ( PRK ) posted 43.54% growth from $65.44 in Q2, 2021 to $93.93 in Q1, 2...
Keir Starmer faced his biggest challenge yet on Wednesday when his health minister was reported to be readying his resignation to try to trigger a contest to replace a British prime minister who had sought some respite to set out his government’s agenda. As Starmer and his ministers stood in silence to hear King Charles read out their government’s agenda, the ceremony was overshadowed by what coul...
Keir Starmer faced his biggest challenge yet on Wednesday when his health minister was reported to be readying his resignation to try to trigger a contest to replace a British prime minister who had sought some respite to set out his government’s agenda. As Starmer and his ministers stood in silence to hear King Charles read out their government’s agenda, the ceremony was overshadowed by what could be the most dangerous threat to the prime minister since lawmakers began urging him to resign over...
S&P 500 Index futures rise 0.2% as of 7:49 a.m. in New York ahead of a summit between President Donald Trump and China’s Xi Jinping. Nasdaq 100 futures are up 0.7% Dow Jones Industrial Average futures are down 0.2% The MSCI World Index is up 0.1% Here are some of the biggest US movers before the bell: Magnificent Seven stocks: Nvidia (NVDA) is up 2% as CEO Jensen Huang joins President Trump on his...
S&P 500 Index futures rise 0.2% as of 7:49 a.m. in New York ahead of a summit between President Donald Trump and China’s Xi Jinping. Nasdaq 100 futures are up 0.7% Dow Jones Industrial Average futures are down 0.2% The MSCI World Index is up 0.1% Here are some of the biggest US movers before the bell: Magnificent Seven stocks: Nvidia (NVDA) is up 2% as CEO Jensen Huang joins President Trump on his visit to China. Tesla (TSLA) +1.3%, Alphabet (GOOGL) +0.4%, Amazon (AMZN) +0.08%, Meta Platforms (META) -0.2%, Microsoft (MSFT) -0.4%, Apple (AAPL) -0.1% Chipmakers, opticals and storage firms gain as supply for global memory chips, key to AI infrastructure build-outs, tightens further. The sector is also getting a boost from Huang’s trip to China. Alibaba Group ADRs (BABA) slip 3% after the company posted its first operating loss since the depths of the Covid pandemic, underscoring the extent to which China’s e-commerce leader is spending on the AI initiatives it hopes will power its next phase of growth. Arteris (AIP) gains 12% after the semiconductor company’s first-quarter revenue beat estimates and it raised its full-year revenue guidance following strong AI-driven demand. Eos Energy (EOSE) climbs 30% after the energy storage company reported first-quarter revenue that beat the average analyst estimate and announced the formation of a development and investment battery energy storage project with Cerberus Capital Management. Karman Holdings (KRMN) is down 7% after the aerospace and defense company reported results that KeyBanc described as “largely in line” and “modestly” raised full-year guidance for revenue and adjusted Ebitda. Nextpower (NXT) rises 14% after the solar-equipment company raised its fiscal 2027 outlook for revenue. Orla Mining Ltd. (ORLA) rises 3% after Equinox Gold Corp. agreed to acquire the company in a cash-and-stock deal valuing the Canadian miner at about $5.1 billion. Wix.com (WIX) fallls 15% after the web-platform company reported first-quarte...
The Trump phone may finally be here: Trump Mobile's CEO told USA Today that the phone will begin shipping to buyers this week. The announcement comes as reports have gone viral this week alleging that preorders for the phone have been canceled. Trump Mobile CEO Pat O'Brien confirmed the release plans to USA Today over email, telling the outlet that all preorders will be fulfilled within the next f...
The Trump phone may finally be here: Trump Mobile's CEO told USA Today that the phone will begin shipping to buyers this week. The announcement comes as reports have gone viral this week alleging that preorders for the phone have been canceled. Trump Mobile CEO Pat O'Brien confirmed the release plans to USA Today over email, telling the outlet that all preorders will be fulfilled within the next few weeks. O'Brien reportedly acknowledged the phone's numerous delays - it's now been 11 months since it was announced - though seemingly didn't offer any detailed explanation for why the phone has taken so long to launch. "Those delays were worth … Read the full story at The Verge.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Toril Bosoni, International Energy Agency, Head of Oil Industry and Markets Division; Andreas Utermann, Vontobel, Chair...
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Toril Bosoni, International Energy Agency, Head of Oil Industry and Markets Division; Andreas Utermann, Vontobel, Chairman; Michael Haigh, SocGen CIB, Head of FIC & Commodities Research; Rolf Habben Jansen, Hapag-Lloyd, CEO; Marion Messmer, Chatham House, International Security Programme Director. (Source: Bloomberg)
Teledyne Technologies ’ ( TDY ) FLIR Defense unit said its Rogue™ 1 loitering munition system has been selected by the U.S. Army for the Low Altitude Stalking and Strike Ordnance (LASSO) program. Teledyne FLIR will deliver a variant of its Rogue 1 lethal UAS for LASSO. The advanced drone platform will enable Army Brigade Combat Teams to deliver precision strikes against tanks and other armored veh...
Teledyne Technologies ’ ( TDY ) FLIR Defense unit said its Rogue™ 1 loitering munition system has been selected by the U.S. Army for the Low Altitude Stalking and Strike Ordnance (LASSO) program. Teledyne FLIR will deliver a variant of its Rogue 1 lethal UAS for LASSO. The advanced drone platform will enable Army Brigade Combat Teams to deliver precision strikes against tanks and other armored vehicles, the company said . More on Teledyne Teledyne Technologies Incorporated (TDY) Q1 2026 Earnings Call Transcript Teledyne Technologies Incorporated (TDY) Shareholder/Analyst Call Prepared Remarks Transcript Teledyne: Deserving Of A Premium Valuation Teledyne forecasts 2026 non-GAAP EPS of $23.85 to $24.15 while lifting sales outlook to $6.415B Teledyne beats top-line and bottom-line estimates; raises FY26 outlook
Jones will miss Japan’s Nations Championship opener 66-year-old apologises for ‘some inappropriate remarks’ Japan have suspended their head coach, Eddie Jones, for four games and cut his salary for “verbal abuse directed at local officials” during an Australian tour. Jones will miss Japan’s Nations Championship opener against Italy in Tokyo on 4 July, the fourth game of his ban. Continue reading.....
Jones will miss Japan’s Nations Championship opener 66-year-old apologises for ‘some inappropriate remarks’ Japan have suspended their head coach, Eddie Jones, for four games and cut his salary for “verbal abuse directed at local officials” during an Australian tour. Jones will miss Japan’s Nations Championship opener against Italy in Tokyo on 4 July, the fourth game of his ban. Continue reading...
Nissan Motor press release ( NSANY ): FY Net loss of -¥533.1B For the full year, Nissan delivered positive operating profit of 58.0 billion yen, with a margin of 0.5% driven by disciplined execution and cost control. Global sales totaled 3.15 million units, and consolidated revenue reached 12.0 trillion yen. More on Nissan Motor Nissan Motor Co., Ltd. (NSANY) Analyst/Investor Day - Slideshow Nissa...
Nissan Motor press release ( NSANY ): FY Net loss of -¥533.1B For the full year, Nissan delivered positive operating profit of 58.0 billion yen, with a margin of 0.5% driven by disciplined execution and cost control. Global sales totaled 3.15 million units, and consolidated revenue reached 12.0 trillion yen. More on Nissan Motor Nissan Motor Co., Ltd. (NSANY) Analyst/Investor Day - Slideshow Nissan Motor: Favorable Read-Across From Latest Investor Event Nissan Motor Co., Ltd. 2025 Q3 - Results - Earnings Call Presentation Nissan gains after lifting outlook on cost cuts, FX Foreign automakers may pull their cheapest cars from U.S. without USMCA - report
Microsoft (NASDAQ: MSFT) is showing explosive AI growth, strong Azure demand, rising earnings, and impressive margins. But the company's massive AI infrastructure spending is pressuring free cash flow, creating a major investor debate. If Microsoft turns this capex cycle into dur
Microsoft (NASDAQ: MSFT) is showing explosive AI growth, strong Azure demand, rising earnings, and impressive margins. But the company's massive AI infrastructure spending is pressuring free cash flow, creating a major investor debate. If Microsoft turns this capex cycle into dur
(RTTNews) - Tower Semiconductor (TSEM), a foundry for semiconductor solutions, Wednesday announced that it has signed Silicon Photonics or SiPho contract for $1.3 billion for 2027 revenue with its largest customers and receipt of $290 million in customers prepayments for capacity
(RTTNews) - Tower Semiconductor (TSEM), a foundry for semiconductor solutions, Wednesday announced that it has signed Silicon Photonics or SiPho contract for $1.3 billion for 2027 revenue with its largest customers and receipt of $290 million in customers prepayments for capacity