LCNB Corp.
NASDAQ•LCNB
CEO: Mr. Eric J. Meilstrup
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1999-10-26
LCNB Corp. operates as the financial holding company for LCNB National Bank that provides banking services in Ohio. Its deposit products include checking accounts, demand deposits, savings accounts, NOW and money market deposits, as well as individual retirement accounts and time certificates. The company's loan products comprise commercial and industrial, commercial and residential real estate, agricultural, construction, and small business administration loans; and residential mortgage loans that consists of loans for purchasing or refinancing personal residences, home equity lines of credit, and loans for commercial or consumer purposes secured by residential mortgages. It offers consumer loans, such as automobile, recreational vehicles, boat, home improvement, and personal loans. In addition, the company provides trust administration, estate settlement, and fiduciary services; and investment management services for trusts, agency accounts, individual retirement accounts, and foundations/endowments. Further, it offers investment services and products, including financial needs analysis, mutual funds, securities trading, annuities, and life insurance; and security brokerage services. Additionally, the company provides safe deposit boxes, night depositories, cashier's checks, bank-by-mail, ATMs, cash and transaction services, debit cards, wire transfers, electronic funds transfer, utility bill collections, notary public service, cash management services, telephone banking, PC Internet banking, mobile banking, and other services for individuals and businesses. LCNB Corp. was founded in 1877 and is headquartered in Lebanon, Ohio.
Contact Information
Market Cap
$236.35M
P/E (TTM)
10.2
14.6
Dividend Yield
5.3%
52W High
$17.89
52W Low
$13.34
52W Range
Rank40Top 42.0%
4.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$30.79M-6.37%
4-Quarter Trend
EPS
$0.40-6.98%
4-Quarter Trend
FCF
$12.37M+0.00%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Strong Net Income Growth Net income reached $17.5M for nine months ended Sept 30, 2025, significantly up from $7.4M last year; basic EPS was $1.23.
Net Interest Margin Expansion Taxable-equivalent NIM improved to 3.43% for nine months 2025, driven by lower funding costs despite slight loan balance contraction.
Improved Asset Quality Metrics Non-accrual loan ratio sharply decreased to 0.11% from 0.26% year-end; provision expense for credit losses was significantly lower.
Robust Capital Ratios CET1 ratio strengthened to 10.94% as of September 30, 2025, up from 9.94% year-end, maintaining "well-capitalized" status.
Risk Factors
Interest Rate Shock Vulnerability IRSA analysis shows rate increases negatively impact NII (1.96% drop at +300 bps); EVE analysis also indicates negative effects.
Loan Portfolio Concentration Commercial Real Estate comprises 65% of total loans, concentrated heavily in Ohio counties like Franklin (28% of CRE loans).
Rising Net Charge-offs Net charge-offs totaled $287K for nine months 2025, compared to $147K in the prior year period, signaling potential credit stress.
Merger Expense Normalization Merger-related expenses significantly reduced in 2025 ($140K YTD) compared to 2024 ($3.376M YTD); future expense levels may normalize.
Outlook
Continued Liquidity Management Management maintains adequate liquidity via deposits and FHLB/correspondent credit lines totaling $154.7M remaining FHLB capacity.
Economic Forecast Uncertainty Economic forecasts project unemployment between 5.33% and 6.21% for the forecast period, impacting future loan loss modeling assumptions.
Stock Repurchase Authorization Board authorized repurchase plan remains active with 310,922 shares available for future buybacks under current authorization.
Future Accounting Adoption New accounting pronouncements adopted had no material impact; future ASU 2025-05 adoption related to CECL is planned for 2026.
Peer Comparison
Revenue (TTM)
$183.79M
$166.66M
$153.49M
Gross Margin (Latest Quarter)
95.9%
91.8%
72.6%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| OVLY | $268.00M | 11.0 | 12.7% | 0.0% |
| ISTR | $266.30M | 11.6 | 8.3% | 5.4% |
| FVCB | $265.70M | 12.0 | 8.9% | 0.8% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.3%
Moderate Growth
4Q Net Income CAGR
7.1%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:Apr 20, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data