CANFIELD, Ohio (July 18, 2003) – Farmers National Banc Corp, (OTC BB: FMNB), the parent holding company of Farmers National Bank, today reported its net earnings for the second quarter of 2003.

For the three months ended June 30, 2003, Farmers National Banc Corp. achieved net income of $2.423 million. This represented an increase of 34% over the same three-month period a year ago. Earnings per diluted share were $0.19 for the quarter ended June 30, 2003, up 27% over the $0.15 per diluted share in the same quarter in 2002.

For the six months ended June 30, 2003, Farmers National Banc Corp. recorded net income of $4.629 million, or $.37 per diluted share, an increase of 36% over the $3.415 million, or $.28 per diluted share reported for the first six months of 2002.

Net interest income increased 18% during the six months ended June 30, 2003, as compared to the same six-month period in 2002, while non-interest expenses increased only 4% during these same periods.

These results equate to a 1.21% Return on Average Assets and a 11.33% Return on Average Equity, as compared to a 1.07% and 9.87% for the same period in 2002. The company’s efficiency ratio improved from 62.70% in June 2002, to 56.31% for the six-month period ending June 30, 2003.

The company’s total assets ended the second quarter of 2003 at $798.499 million, an increase of 14% over the $698.252 million recorded at June 30, 2002, and 2% over the $783.981 million in assets on the books at March 31, 2003.

Total loans at June 30, 2003 were $462.342 million, an increase of 3% over the $449.248 million in total loans reported on June 30, 2002. During those same periods, the company has increased its Investment Securities portfolio by 51% from $191.130 million on June 30, 2002 up to $288.213 million on June 30, 2003.

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.

This earnings announcement presents a brief analysis of the assets and liability structure of the Corporation and a brief discussion of the results of operations for each of the periods presented. Certain statements in this announcement that relate to Farmers National Banc Corp.'s plans, objectives, or future performance may be deemed to be forward-looking statements within the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations. Actual strategies and results in future periods may differ materially from those currently expected because of various risks and uncertainties.

Among the important factors that could cause actual results to differ materially are interest rates, changes in the mix of the company’s business, competitive pressures, general economic conditions and the risk factors detailed in the company’s other periodic reports and registration statements filed with the Securities and Exchange Commission.