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LCNB

LCNB Corp.

LCNB

LCNB Corp. • NASDAQ
$15.87 ▼ -0.06% (-0.01)
Market Cap $225.14 M
52w High $17.69
52w Low $13.34
Dividend Yield 0.88%
P/E 9.5
Volume 12.95K
Outstanding Shares 14.19M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $32.009M ▲ $15.145M ▼ $6.936M ▲ 21.669% ▲ $0.49 ▲ $10.249M ▲
Q2-2025 $31.187M ▲ $15.567M ▼ $5.919M ▲ 18.979% ▲ $0.42 ▲ $5.448M ▼
Q1-2025 $30.538M ▼ $15.809M ▲ $4.609M ▼ 15.093% ▼ $0.33 ▼ $6.018M ▼
Q4-2024 $32.882M ▲ $14.592M ▼ $6.12M ▲ 18.612% ▲ $0.43 ▲ $7.309M ▲
Q3-2024 $32.805M $15.387M $4.532M 13.815% $0.32 $5.699M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $131.097M ▼ $2.244B ▼ $1.974B ▼ $269.87M ▲
Q2-2025 $303.098M ▲ $2.308B ▲ $2.044B ▲ $263.474M ▲
Q1-2025 $132.048M ▼ $2.303B ▼ $2.044B ▼ $258.651M ▲
Q4-2024 $134.857M ▼ $2.307B ▼ $2.054B ▼ $253.036M ▼
Q3-2024 $301.996M $2.347B $2.094B $253.246M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $6.936M ▲ $13.977M ▲ $45.663M ▲ $-73.553M ▼ $-13.913M ▼ $13.668M ▲
Q2-2025 $5.919M ▲ $5.467M ▲ $11.55M ▲ $-4.909M ▲ $12.108M ▲ $5.232M ▲
Q1-2025 $4.609M ▼ $2.212M ▼ $9.813M ▲ $-10.099M ▲ $1.926M ▲ $2.142M ▼
Q4-2024 $6.084M ▲ $40.121M ▲ $-1.521M ▼ $-42.23M ▼ $-3.63M ▼ $39.746M ▲
Q3-2024 $4.532M $11.216M $28.802M $-35.516M $4.502M $9.794M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Deposit Account
Deposit Account
 $0 ▲$0 ▲$0 ▲$0 ▲
Fiduciary and Trust
Fiduciary and Trust
 $10.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement LCNB’s revenue has grown gradually over the last few years, with a noticeable step up recently, showing that the bank is still expanding its business base. However, profits have not kept pace with revenue growth: earnings per share peaked a couple of years ago and have since trended lower. This pattern suggests margin pressure, likely from higher funding costs and a tougher interest-rate environment. Overall, it looks like a steady but not spectacular earnings profile, with recent years showing more strain on profitability than on growth.

Balance Sheet

Balance Sheet The balance sheet has expanded steadily, reflecting ongoing loan growth and acquisitions. Equity has edged up over time, indicating retained earnings and a generally stable capital base, though leverage has increased compared with earlier years. Debt levels are higher than they were several years ago, which adds some funding flexibility but also raises sensitivity to interest rates and funding conditions. Cash is a relatively small but stable slice of total assets, which is typical for a community bank that deploys most of its balance sheet into loans and securities.

Cash Flow

Cash Flow Operating cash flow has been consistently positive and turned meaningfully stronger in the most recent year, a good sign for the underlying cash-generating power of the franchise. Because capital spending is light, free cash flow closely tracks operating cash flow and has remained positive through the period. For a bank, accounting cash flow figures can be noisy, but the broad picture here points to a business that funds itself comfortably from internal cash generation rather than relying heavily on external financing.

Competitive Edge

Competitive Edge LCNB operates as a classic community bank with deep roots in its Ohio markets, which gives it strong local brand recognition and long-standing customer relationships. Its edge is relationship-based banking, local decision-making, and responsiveness to small and mid-sized businesses that may feel overlooked by large national banks. Growth through targeted acquisitions has widened its footprint while maintaining a community-bank feel, though this also brings integration and culture risks. The main competitive pressures come from much larger banks with more resources and from digital-first players that compete on price and convenience rather than relationships.

Innovation and R&D

Innovation and R&D LCNB is not a heavy spender on cutting-edge, in-house technology, but it has steadily adopted proven digital tools to improve customer experience. Its online and mobile platforms cover the standard features customers expect, and partnerships like Autobooks add useful capabilities for small businesses without requiring LCNB to build everything itself. The bank’s innovation focus is practical and customer-centric rather than experimental, which reduces technology risk but may limit how far ahead it can get of more tech-savvy competitors. Its growing wealth management platform is another form of “innovation,” broadening services and deepening client relationships beyond traditional banking.

Summary

Overall, LCNB looks like a steadily growing regional bank with a traditional community-banking model, modest top-line growth, and more recently compressed profitability. The balance sheet appears sound but more leveraged than in the past, and cash generation is consistently positive, giving the bank room to support growth and dividends while absorbing normal credit cycles. Strategically, its strengths lie in local relationships, wealth management, and disciplined acquisitions, while key risks include interest-rate swings, credit quality in a downturn, competition from larger and digital banks, and the challenge of keeping its technology and services current without overspending.

NEWS

November 20, 2025 · 2:30 PM UTC

LCNB Corp. Announces 2025 Fourth-Quarter Dividend

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October 22, 2025 · 4:30 PM UTC

LCNB Corp. Reports Financial Results for the Three and Nine Months Ended September 30, 2025

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October 15, 2025 · 4:05 PM UTC

LCNB Corp. Announces Change to Board of Directors

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October 8, 2025 · 1:00 PM UTC

LCNB Corp. Solidifies Leadership Team to Support Growth

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