<SEC-DOCUMENT>0001193125-18-030169.txt : 20180202
<SEC-HEADER>0001193125-18-030169.hdr.sgml : 20180202
<ACCEPTANCE-DATETIME>20180202091702
ACCESSION NUMBER:		0001193125-18-030169
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20180202
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180202
DATE AS OF CHANGE:		20180202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FARMERS NATIONAL BANC CORP /OH/
		CENTRAL INDEX KEY:			0000709337
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				341371693
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35296
		FILM NUMBER:		18568903

	BUSINESS ADDRESS:	
		STREET 1:		20 S BROAD STREET
		STREET 2:		P O BOX 555
		CITY:			CANFIELD
		STATE:			OH
		ZIP:			44406
		BUSINESS PHONE:		3305333341
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d522192d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): February&nbsp;2, 2018 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Farmers National Banc Corp. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Ohio</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">001-35296</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">34-1371693</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>20 South Broad Street, P.O. Box 555, Canfield, Ohio</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>44406-05555</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(330) <FONT STYLE="white-space:nowrap">533-3341</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s telephone number, including area code) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former name or former address, if changed since last report) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or <FONT STYLE="white-space:nowrap">Rule&nbsp;12b-2&nbsp;of</FONT> the Securities Exchange Act of
<FONT STYLE="white-space:nowrap">1934&nbsp;(&#167;240.12b-2&nbsp;of</FONT> this chapter). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;<FONT
STYLE="font-family:pmingliu"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT></FONT><FONT STYLE="font-family:Times New Roman"> </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange
Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;2.02</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Results of Operations and Financial Condition. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On February&nbsp;2, 2018, Farmers
National Banc Corp. (the &#147;Company&#148;) first mailed to shareholders a letter regarding its fourth quarter and <FONT STYLE="white-space:nowrap">year-end</FONT> results, a copy of which is attached hereto as Exhibit 99.1. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to General Instruction B.2 of Current Report on Form <FONT STYLE="white-space:nowrap">8-K,</FONT> the information in this Item 2.02
and Exhibit 99.1 is being furnished and shall not be deemed to be &#147;filed&#148; for purposes of Section&nbsp;18 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or otherwise subject to the liability of that
section. Furthermore, the information in this Item 2.02 and Exhibits 99.1 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;) except as may
be expressly set forth by specific reference in such filing. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;7.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Regulation FD Disclosure. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On February&nbsp;2, 2018, the Company first mailed a letter
to shareholders regarding its fourth quarter and annual results, a copy of which is attached hereto as Exhibit 99.1. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The shareholder
letter is furnished herein, as part of this Item 7.01, as Exhibit 99.1. Pursuant to General Instruction B.2 of Current Report on Form <FONT STYLE="white-space:nowrap">8-K,</FONT> the information in this Item 7.01 and Exhibit 99.1 shall not be deemed
to be &#147;filed&#148; for purposes of Section&nbsp;18 of the Exchange Act, or otherwise subject to the liability of that section. Furthermore, the information in this Item 7.01 and Exhibit 99.1 shall not be deemed to be incorporated by reference
into the filings of the Company under the Securities Act, except as may be expressly set forth by specific reference in such filing. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits. </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"><U>Exhibits.</U> </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:28.45pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d522192dex991.htm">Letter to Shareholders, dated February&nbsp;2, 2018 </A></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Forward Looking Statements. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including
statements about Farmers&#146; financial condition, results of operations, asset quality trends and profitability. Forward-looking statements are not historical facts but instead represent only management&#146;s current expectations and forecasts
regarding future events, many of which, by their nature, are inherently uncertain and outside of Farmers&#146; control. Forward-looking statements are preceded by terms such as &#147;expects,&#148; &#147;believes,&#148; &#147;anticipates,&#148;
&#147;intends&#148; and similar expressions, as well as any statements related to future expectations of performance or conditional verbs, such as &#147;will,&#148; &#147;would,&#148; &#147;should,&#148; &#147;could&#148; or &#147;may.&#148;
Farmers&#146; actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. </I></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>
Factors that could cause Farmers&#146; actual results to differ materially from those described in the forward-looking statements can be found in Farmers&#146; Annual Report on Form <FONT
STYLE="white-space:nowrap">10-K</FONT> for the year ended December&nbsp;31, 2016, which has been filed with the Securities and Exchange Commission (SEC) and is available on Farmers&#146; website (www.farmersbankgroup.com) and on the SEC&#146;s
website (www.sec.gov). Forward-looking statements are not guarantees of future performance and should not be relied upon as representing management&#146;s views as of any subsequent date. Farmers does not undertake any obligation to update the
forward-looking statements to reflect the impact of circumstances or events that may arise after the date of the forward-looking statements. </I></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>Farmers National Banc Corp.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Kevin J. Helmick</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Kevin J. Helmick</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">President and Chief Executive Officer</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: February&nbsp;2, 2018 </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d522192dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g522192g79p49.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Friday, February&nbsp;2, 2018 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Fellow Shareholders, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">When the executive team of Farmers
National Bank sets forth financial performance goals for your company, we base them on multiple factors, some of which we control &#150; our own actions &#150; and others that we must project, such as economic and industry conditions. However,
fundamentally we believe that aiming high is the only way of ensuring we don&#146;t fall short of realizing your company&#146;s substantial potential. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thus, I am pleased to share with you that despite our significant expectations for 2017, your company has exceeded them &#150; and by certain important
measures in record-breaking fashion, including achieving the highest net income in your company&#146;s <FONT STYLE="white-space:nowrap">131-year-history</FONT> and record growth in assets. Please take a look with me at some of the measurable
achievements of your company in 2017, followed by brief thoughts on how 2018 focuses can become seeds of opportunity for future growth. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Notable
Performance </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Profitability </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Asset growth has
directly contributed to improving Farmers&#146; record financial performance. Specifically, earnings assets, such as loans and investments in securities, help drive interest income. By controlling the Bank&#146;s expenses and managing the risk of
our loans and investments, we are able to improve our overall profitability. Our success can be seen in the significant growth we have achieved in net income, which for 2017 was a record $22.7&nbsp;million and represents a CAGR (compound annual
growth rate) of 18% since 2012. In addition, Farmers&#146; Return on Average Assets has increased from 0.89% in 2012 to 1.09% in 2017, while our Return on Average Equity has increased from 8.42% to 9.92% over this period. Excluding a
$1.8&nbsp;million adjustment of the net deferred tax asset resulting from the Tax Cuts and Jobs Act that became law in December 2017, offset by net acquisition-related adjustments of $48&nbsp;thousand, the Return on Average Assets and Return on
Average Equity would have been 1.19% and 10.82%, respectively. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Trust Company </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Farmers Trust Company, with offices in Boardman, Howland, Canton, and Wooster, had another record year in 2017 as client assets under management grew by 8% to
over $1.2&nbsp;billion. Revenues and operating income also hit <FONT STYLE="white-space:nowrap">all-time</FONT> highs growing by 5% and 14%, respectively. In addition, $1.1&nbsp;million was generated in net income in 2017; a 32% increase over 2016.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Market Cap </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I am extremely proud of these results
which have created meaningful value for shareholders. Over the past five years, Farmers&#146; market cap has increased from $116.6&nbsp;million at December&nbsp;31, 2012, to $406.3&nbsp;million at December&nbsp;31, 2017. In addition to this 248.5%
increase in Farmers&#146; market cap, shareholders who have owned our stock during this entire period have received $17.5&nbsp;million in cumulative dividends. Reflecting our strong financial and operating results, and the Board&#146;s confidence in
the direction we are headed, Farmers&#146; current annualized dividend payout is the highest it&#146;s been since 2009. </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Asset Size </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Since 2012, Farmers&#146; asset size has increased to a record $2.2&nbsp;billion, representing a five-year CAGR of 17.3%. This significant expansion is a
result of organic growth which has been driven by economic development in our local markets and increased market share, and strategic acquisitions. Our community banking focus and diverse financial services differentiates Farmers from other
institutions in our markets. In addition, Farmers has acquired three banking institutions and an insurance agency during this time, which has further increased our assets and allowed the Bank to expand its relationships and offer additional
financial services to acquired customers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As a larger community bank, Farmers has greater flexibility to absorb higher regulatory, compliance, and IT
costs, while proactively investing in enhanced products, services, and technologies to serve and protect the financial needs of our customers. Throughout this historic period of expansion, Farmers has been, and will remain, committed to serving its
local communities.&nbsp;&nbsp;&nbsp;&nbsp; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>The Big Three </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During our strategic planning in early fall, our management team and Board of Directors made it a priority to test and validate our three-year strategic plan.
We confirmed that we will remain a company that is performance and customer-service driven, acquisitive, and vested in community growth. As we work towards our vision, Farmers will be laser focused on our top initiatives that support our strategy.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Deposits </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Farmers has strong capital levels and
significant flexibility to support a growing loan portfolio. As a continuing strategy to deploy loan funds into the community, we will engage in an all
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&#147;hands-on-deck&#148;</FONT></FONT> company-wide deposit gathering effort. All divisions of the bank, including Commercial/Mortgage lending and Wealth Management, will focus on
deepening our relationships to drive additional depository opportunities. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Wealth </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With new leadership provided by our Chief Wealth Officer Mark Wenick, we will create synergies by deeply integrating all divisions of Wealth Management into
one comprehensive and collaborative unit. This effort will be supported by a highly-anticipated branding strategy that will elevate and promote the comprehensive offerings of our robust Wealth Management team. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Branch Portfolio </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will be evaluating the current
retail branch footprint to assure that we are well represented in the most optimal growth markets. Additionally, we will continue to invest and enhance our digital channels to provide users with preeminent technology and advanced methods to conduct
banking business that is safe and secure. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Past performance is not a guarantee of future results, but there is a reason why the old saying &#147;success
breeds success&#148; resonates as true to the experiences of most people in the business and financial community. It is one thing to meet expectations, and another to exceed them. An even higher order is the ability to consistently do so. Exceeding
expectations is the goal of your company as we strive to create and sustain value for you, our fellow shareholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Very truly yours, </P>
<P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g522192g45j90.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Kevin J. Helmick </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">President&nbsp;&amp; CEO </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>20 South Broad
Street </I>&#10070;<I> PO Box 555 </I>&#10070;<I> Canfield, OH 44406-0555</I> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ </I></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Toll Free:
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-888-988-3276</FONT></FONT></FONT> </I>&#10070;<I> Ph. (330) <FONT STYLE="white-space:nowrap">533-3341</FONT> </I>&#10070;<I> Fax: (330) <FONT
STYLE="white-space:nowrap">533-0451</FONT> </I>&#10070;<I> Web Site: www.farmersbankgroup.com</I> </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g522192g45j90.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g522192g45j90.jpg
M_]C_X  02D9)1@ ! 0$ E@"6  #_X0!:17AI9@  34T *@    @ !0,!  4
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M 0$! 0$!         0(#! 4&!P@)"@O_Q "U$0 " 0($! ,$!P4$!  ! G<
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M.LM2B6*]M8;B-3N"RH& /KS1133:U061+;VT%I"L-M#'#$O1(U"@?@*EHHI
..(1FA5"C   ]!110!_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g522192g79p49.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g522192g79p49.jpg
M_]C_X  02D9)1@ ! 0$ E@"6  #_X0!:17AI9@  34T *@    @ !0,!  4
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M 0$! 0$!         0(#! 4&!P@)"@O_Q "U$0 " 0($! ,$!P4$!  ! G<
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MN'Q;ZNQ5%)^Z5_U8_P"^1CZFE&FY)M=!U*L82C%]3VBBBJ6HZ7:ZG#Y=RKD
M$*4D9"N?0J14(T=[:%VBO ? D%WXC\52Z9J&L:J;>.&1QY=XZDE6 '\ZW_&>
M@ZUX+@36M#U_4GM5<++%/.7V$]#SPRD\8([UNZ*4N6^IS+$MPY^70]?HKF/
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M *GCOPB\+RKJEYJ]]"4:S9K:)''*R_QG\!Q^)KT?QE%'/X,UF.4JJFSE.6/
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MGANR9MA.TH_0\\\''2M"SMFU30I#=SLS7F9..D7H%'M@5C"IS2E3C?VBO?\
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"_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
