FARMERS NATIONAL BANC CORP /OH/ (FMNB)

• Farmers National Banc Corp. (FMNB) completed its merger with Middlefield Banc Corp. on March 2, 2026, with Middlefield merging into FMNB and its banking subsidiary merging into The Farmers National Bank of Canfield.
• As a result of the merger, FMNB now has over $7.4 billion in banking assets and over $4.7 billion in wealth management assets under care, operating 83 branches across Ohio and Pennsylvania.
• Each common share of Middlefield Banc Corp. was converted into the right to receive 2.6 common shares of Farmers National Banc Corp..
• Two former Middlefield board members, Mr. Kevin A. DiGeronimo and Mr. Michael C. Voinovich, were appointed to Farmers' Board of Directors, effective March 2, 2026.

• Farmers National Banc Corp. has completed its merger with Middlefield Banc Corp., marking its seventh bank acquisition in the last decade.
• Following the merger, Farmers now has over $7.4 billion in banking assets, over $4.7 billion in wealth management assets under care, and operates 83 branches across Ohio and Pennsylvania.
• The merger expands Farmers' presence across Central and Western Ohio, including the Columbus region.
• Mr. Kevin A. DiGeronimo and Mr. Michael C. Voinovich from Middlefield's Board of Directors have joined Farmers' Board of Directors.

• Farmers National Banc Corp. shareholders approved the merger with Middlefield Banc Corp. on February 10, 2026. The merger is anticipated to be completed during the first quarter of 2026.
• Shareholders also approved an amendment to increase the company's authorized common shares from 50,000,000 to 75,000,000.
• As of December 31, 2025, Farmers National Banc Corp. reported $5.2 billion in banking assets and $4.7 billion in wealth management assets under care.

• Shareholders of Farmers National Banc Corp. and Middlefield Banc Corp. have approved the proposed merger of Middlefield with and into Farmers.
• The merger is expected to be completed during the first quarter of 2026.
• As of December 31, 2025, Farmers National Banc Corp. reported $5.2 billion in banking assets and $4.7 billion in total wealth management assets under care.

• Farmers National Banc Corp. and Middlefield Banc Corp. jointly announced on February 5, 2026, that they have received all regulatory approvals necessary to complete their proposed merger.
• The merger is expected to be completed during the first quarter of 2026.
• As of December 31, 2025, Farmers National Banc Corp. reported $5.2 billion in banking assets and $4.7 billion in wealth management assets under care.

Farmers National Banc Corp. announced its fourth quarter and full year 2025 earnings, reflecting ongoing strength in its community banking platform. The company experienced an increase in its net interest margin and an improved efficiency ratio in Q4 2025 compared to the prior quarter and year. Total assets and stockholders' equity grew by the end of 2025 compared to the previous year, while loans saw a slight decline from the prior quarter but were up year-over-year. Nonperforming loans significantly declined in the fourth quarter of 2025 from the third quarter, indicating improved credit quality. Additionally, Farmers National Banc Corp. announced a merger with Middlefield Banc Corp. in Q4 2025, which is anticipated to close in Q1 2026, and reported customer deposit growth of $151.0 million (3.6%) for the full year 2025, excluding brokered CDs.

• Farmers National Banc Corp. reported net income of $14.6 million and $0.39 per diluted share for the fourth quarter of 2025, an increase from $14.4 million and $0.38 per diluted share in the fourth quarter of 2024.
• The net interest margin improved to 3.05% in the fourth quarter of 2025, up from 3.00% in the third quarter of 2025 and 2.72% in the fourth quarter of 2024.
• Total assets increased to $5.25 billion at December 31, 2025, compared to $5.24 billion at September 30, 2025, and $5.12 billion at December 31, 2024.
• Nonperforming loans declined to $26.2 million in the fourth quarter of 2025 from $35.3 million in the third quarter of 2025.
• The company announced a merger with Middlefield Banc Corp. in the fourth quarter of 2025, which is expected to close in the first quarter of 2026.

• Farmers National Banc Corp. is reminding shareholders to cast their votes FOR the proposed merger with Middlefield Banc Corp..
• The deadline for shareholders to vote is February 9, 2026, at 11:59 p.m., Eastern Time, in advance of the virtual shareholder meeting scheduled for February 10, 2026.
• The Farmers Board of Directors recommends voting FOR the merger proposal, stating it presents an opportunity to enhance long-term shareholder value, strengthen market position, expand geographic footprint, and support future growth.

• Farmers National Banc Corp. (FMNB) is reminding shareholders to vote FOR the proposed merger with Middlefield Banc Corp. (MBCN).
• The virtual shareholder meeting is scheduled for February 10, 2026, with a voting deadline of February 9, 2026, at 11:59 p.m., Eastern Time.
• The Farmers Board of Directors recommends a FOR vote, stating the merger will enhance long-term shareholder value by strengthening market position and expanding geographic footprint.

• Monteverde & Associates PC is investigating the merger of Farmers National Banc Corp. (FMNB) with Middlefield Banc Corp..
• Under the proposed transaction, Middlefield shareholders are set to receive 2.6 shares of Farmers common stock per share of Middlefield common stock.
• The shareholder vote for this merger is scheduled for February 10, 2026.