CANFIELD, Ohio - Farmers National Banc Corp. (OTCBB: FMNB), the parent company for Farmers National Bank, today announced net income of $7.9 million, or $.64 per share for the year ended December 31, 2002 versus $7.3 million, or $.60 per share for the same period last year. Net income for the fourth quarter was $2.3 million, or $.18 per share, as compared to $1.7 million, or $.14 per share for the fourth quarter last year.

Net income for 2002 represented an 8.8% increase over the net income reported in December 2001 and a 6.7% increase in earnings per share.

Assets totaled $748.1 million at December 31, 2002, an increase of $91.4 million from $656.7 million at December 31, 2001. Net loans increased by $13.9 million or 3.2% from December 2001 to December 2002.

Total deposits were $588.2 million at December 31, 2002, an increase of $84.6 million, or 16.8% over balances reported in December 2001. Shareholders equity increased 6.9% to $81 million, up $5.2 million from December 31, 2001. Book value per share was $6.51 at year-end 2002 as compared to $6.25 in December 2001.

The Corporation paid a total of $.57 per share in cash dividends during 2002 as compared to the $.53 per share paid in 2001, representing a 7.5% increase. In addition, shareholders were paid a 2% stock dividend in November. During 2002, the Company has repurchased shares totaling approximately $2.8 million.

Farmers National Bank operates sixteen banking offices throughout Mahoning, Trumbull and Columbiana counties. The bank offers a wide range of banking and investment services to companies and individuals, and maintains a website at www.fnbcanfield.com.