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LCNB (LCNB) Financials

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$19.78 +1.88 (+10.50%)
Closing price 04:00 PM Eastern
Extended Trading
$19.34 -0.45 (-2.25%)
As of 07:35 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for LCNB

Annual Income Statements for LCNB

This table shows LCNB's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 9.87 11 12 13 15 19 20 21 22 13 13
Consolidated Net Income / (Loss)		 9.87 11 12 13 15 19 20 21 22 13 13
Net Income / (Loss) Continuing Operations		 9.87 11 12 13 15 19 20 21 22 13 13
Total Pre-Tax Income 		13 16 17 17 18 23 24 26 27 15 16
Total Revenue		 45 49 51 51 59 67 72 73 75 72 81
Net Interest Income / (Expense)		 36 39 40 41 48 54 56 57 61 56 61
Total Interest Income		 39 43 44 44 55 65 64 61 66 80 105
Loans and Leases Interest Income		 33 35 36 37 47 59 59 56 59 72 97
Investment Securities Interest Income		 6.47 7.05 7.72 7.40 6.46 5.34 3.98 4.55 5.81 6.06 5.60
Other Interest Income		 0.30 0.33 0.37 0.43 0.59 0.77 0.48 0.43 0.64 1.61 2.90
Total Interest Expense		 3.59 3.33 3.50 3.60 6.43 11 7.56 4.05 4.71 23 44
Deposits Interest Expense		 3.16 3.01 3.44 3.38 5.75 9.53 6.63 3.58 3.68 17 36
Short-Term Borrowings Interest Expense		 0.02 0.02 0.04 0.21 0.31 0.23 0.01 0.01 0.42 4.06 1.12
Long-Term Debt Interest Expense		 0.41 0.30 0.03 0.01 0.36 1.04 0.92 0.47 0.61 2.62 7.27
Total Non-Interest Income		 9.14 10 11 10 11 12 16 16 14 15 20
Other Service Charges		 5.27 5.40 5.50 5.72 6.14 0.89 1.29 14 0.36 0.63 0.32
Net Realized & Unrealized Capital Gains on Investments		 0.30 0.84 1.33 0.40 0.22 0.29 2.52 1.16 0.20 0.70 3.22
Other Non-Interest Income		 0.67 0.63 4.03 4.34 4.70 11 12 1.07 14 14 17
Provision for Credit Losses		 0.93 1.37 0.91 0.22 0.92 0.21 2.01 -0.27 0.25 2.08 1.96
Total Non-Interest Expense		 31 32 33 34 41 44 46 48 48 54 63
Salaries and Employee Benefits		 16 18 18 19 21 25 27 28 28 29 35
Net Occupancy & Equipment Expense		 4.34 4.35 4.11 4.67 4.99 5.26 5.36 5.84 5.81 6.28 6.73
Marketing Expense		 0.70 0.72 0.70 0.87 1.12 1.32 1.25 1.24 1.18 1.10 1.05
Property & Liability Insurance Claims		 0.66 0.60 0.55 0.42 0.42 0.23 0.26 0.49 0.53 0.93 1.90
Other Operating Expenses		 7.40 7.79 8.94 8.45 9.65 10 11 12 12 12 14
Amortization Expense		 0.57 0.70 0.75 0.75 0.92 1.04 1.05 1.04 0.48 0.53 1.14
Restructuring Charge		 1.40 0.64 0.00 0.12 2.12 0.11 - 0.00 0.00 4.66 3.44
Income Tax Expense		 3.39 4.22 4.44 4.27 2.95 4.11 4.09 4.61 4.82 2.63 2.47
Basic Earnings per Share		 $1.06 $1.18 $1.26 $1.30 $1.24 $1.44 $1.55 $1.66 $1.93 $1.10 $0.97
Weighted Average Basic Shares Outstanding		 9.30M 9.70M 9.95M 10.01M 11.94M 13.08M 12.91M 12.59M 11.41M 11.42M 13.76M
Diluted Earnings per Share		 $1.05 $1.17 $1.25 $1.29 $1.24 $1.44 $1.55 $1.66 $1.93 $1.10 $0.97
Weighted Average Diluted Shares Outstanding		 9.41M 9.81M 9.98M 10.01M 11.94M 13.08M 12.91M 12.59M 11.41M 11.42M 13.76M
Weighted Average Basic & Diluted Shares Outstanding		 9.30M 9.70M 9.90M 10M 12M 13.10M 12.81M 11.40M 11.26M 13.22M 14.16M
Cash Dividends to Common per Share		 $0.64 $0.64 $0.64 $0.64 $0.65 $0.69 $0.73 $0.77 $0.81 $0.85 $0.88

Quarterly Income Statements for LCNB

This table shows LCNB's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 4.07 -0.29 1.92 0.93 4.53 6.12 4.61 5.92 6.94 4.44
Consolidated Net Income / (Loss)		 4.07 -0.29 1.92 0.93 4.53 6.12 4.61 5.92 6.94 4.44
Net Income / (Loss) Continuing Operations		 4.07 -0.29 1.92 0.93 4.53 6.12 4.61 5.92 6.94 4.44
Total Pre-Tax Income 		5.02 -0.53 2.23 0.94 5.33 7.46 5.52 7.20 8.47 5.32
Total Revenue		 17 19 18 19 21 23 22 23 24 24
Net Interest Income / (Expense)		 14 15 14 15 15 17 16 18 18 19
Total Interest Income		 20 23 25 27 26 27 25 26 26 25
Loans and Leases Interest Income		 18 21 23 25 24 25 23 24 24 23
Investment Securities Interest Income		 1.50 1.49 1.41 1.36 1.38 1.46 1.43 1.40 1.40 1.37
Other Interest Income		 0.29 0.70 0.66 0.76 0.67 0.81 0.69 0.69 0.73 0.62
Total Interest Expense		 6.10 8.65 11 12 11 10 9.02 8.40 8.18 6.58
Deposits Interest Expense		 4.43 6.35 8.19 9.69 9.58 8.38 7.56 7.12 6.86 5.28
Short-Term Borrowings Interest Expense		 0.83 0.92 0.94 0.18 0.00 0.00 0.00 0.00 0.00 0.05
Long-Term Debt Interest Expense		 0.84 1.38 1.74 1.88 1.85 1.80 1.46 1.28 1.32 1.26
Total Non-Interest Income		 3.58 4.61 3.93 4.08 6.41 5.99 5.22 5.25 5.70 4.69
Other Service Charges		 0.13 0.28 -0.05 0.09 0.13 0.15 0.11 0.13 0.10 0.11
Net Realized & Unrealized Capital Gains on Investments		 0.03 0.66 0.31 0.05 1.63 1.24 0.84 0.62 0.72 0.20
Other Non-Interest Income		 3.42 3.67 3.68 3.95 4.65 4.60 4.28 4.50 4.88 4.38
Provision for Credit Losses		 -0.11 2.22 0.13 0.53 0.66 0.65 0.20 0.02 0.21 2.34
Total Non-Interest Expense		 12 18 15 18 15 15 16 16 15 16
Salaries and Employee Benefits		 7.04 7.65 8.55 9.01 9.03 8.59 9.17 8.87 8.68 9.47
Net Occupancy & Equipment Expense		 1.20 2.73 1.40 1.34 1.39 2.61 1.77 1.39 1.40 1.82
Marketing Expense		 0.22 0.37 0.17 0.21 0.32 0.34 0.32 0.28 0.34 0.29
Property & Liability Insurance Claims		 0.22 0.27 0.50 0.39 0.55 0.45 0.41 0.38 0.36 0.28
Other Operating Expenses		 3.14 2.44 3.83 4.26 3.52 2.23 3.84 4.20 4.13 3.80
Amortization Expense		 0.11 0.20 0.24 0.30 0.30 0.30 0.30 0.30 0.25 0.23
Income Tax Expense		 0.95 -0.24 0.31 0.02 0.80 1.34 0.91 1.29 1.54 0.88
Basic Earnings per Share		 $0.37 ($0.06) $0.15 $0.07 $0.31 $0.44 $0.33 $0.41 $0.49 $0.31
Weighted Average Basic Shares Outstanding		 11.04M 11.42M 13.11M 13.95M 14.02M 13.76M 14.05M 14.09M 14.10M 14.13M
Diluted Earnings per Share		 $0.37 ($0.06) $0.15 $0.07 $0.31 $0.44 $0.33 $0.41 $0.49 $0.31
Weighted Average Diluted Shares Outstanding		 11.04M 11.42M 13.11M 13.95M 14.02M 13.76M 14.05M 14.09M 14.10M 14.13M
Weighted Average Basic & Diluted Shares Outstanding		 11.12M 13.22M 14.14M 14.15M 14.11M 14.16M 14.17M 14.18M 14.19M 14.25M
Cash Dividends to Common per Share		 $0.21 - $0.22 $0.22 $0.22 - $0.22 $0.22 $0.22 $0.22

Annual Cash Flow Statements for LCNB

This table details how cash moves in and out of LCNB's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 1.16 0.00 3.88 6.52 -5.35 0.73 11 -14 4.57 17 -3.98
Net Cash From Operating Activities		 16 0.00 15 18 20 22 14 18 29 23 93
Net Cash From Continuing Operating Activities		 16 12 15 18 20 22 14 18 29 23 93
Net Income / (Loss) Continuing Operations		 9.87 11 12 13 15 19 20 21 22 13 13
Consolidated Net Income / (Loss)		 9.87 11 12 13 15 19 20 21 22 13 13
Provision For Loan Losses		 0.93 1.37 0.91 0.22 0.92 0.21 2.01 -0.27 0.25 2.08 1.96
Depreciation Expense		 2.99 0.00 2.56 3.31 4.07 3.24 2.23 2.61 2.74 2.99 0.60
Non-Cash Adjustments to Reconcile Net Income		 -0.72 -0.34 -0.10 0.97 0.15 -0.73 -2.85 -1.39 -1.13 -1.97 78
Changes in Operating Assets and Liabilities, net		 2.87 0.00 -0.37 0.68 -0.25 0.33 -7.80 -4.11 4.72 7.64 -1.27
Net Cash From Investing Activities		 -11 0.00 -28 15 -11 9.06 -80 -175 -48 -60 61
Net Cash From Continuing Investing Activities		 -11 0.00 -28 15 -11 9.03 -81 -175 -48 -60 61
Purchase of Property, Leasehold Improvements and Equipment		 -1.05 0.00 -9.45 -6.62 -0.60 -3.93 -2.79 -1.94 -0.88 -2.61 -3.80
Purchase of Investment Securities		 -123 0.00 -202 -62 -72 -112 -160 -232 -76 -92 19
Sale of Property, Leasehold Improvements and Equipment		 0.18 0.00 0.06 0.27 0.65 0.01 0.42 0.01 0.88 0.65 0.85
Sale and/or Maturity of Investments		 113 0.00 184 83 49 125 81 59 28 33 45
Net Cash From Financing Activities		 -3.78 0.00 16 -26 -14 -30 77 144 24 54 -159
Net Cash From Continuing Financing Activities		 -3.78 0.15 16 -26 -14 -30 77 144 24 54 -159
Net Change in Deposits		 -4.80 0.00 24 -25 -29 47 107 173 -24 8.89 -79
Issuance of Debt		 7.34 - 4.65 4.96 31 - 0.00 0.00 15 95 -60
Issuance of Common Equity		 0.06 0.00 0.05 0.04 0.07 0.45 0.40 0.43 0.41 0.43 0.53
Repayment of Debt		 -0.75 0.00 -5.60 -0.30 -7.98 -62 -19 -12 66 -37 -8.00
Repurchase of Common Equity		 0.00 - -1.55 0.00 -0.35 -6.83 -1.87 -8.31 -24 -3.33 0.01
Payment of Dividends		 -5.64 0.00 -6.05 -6.09 -7.77 -9.03 -9.45 -9.72 -9.19 -9.94 -12
Cash Interest Paid		 3.50 0.00 3.54 3.58 5.91 10 7.81 4.23 4.68 22 43
Cash Income Taxes Paid		 2.61 0.00 4.42 2.19 1.95 3.47 3.81 3.67 4.13 2.74 0.00

Quarterly Cash Flow Statements for LCNB

This table details how cash moves in and out of LCNB's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Net Change in Cash & Equivalents		 17 -3.70 -6.77 1.92 4.50 -3.63 1.93 12 -14 7.57
Net Cash From Operating Activities		 5.24 11 -12 55 12 40 2.21 5.47 14 3.10
Net Cash From Continuing Operating Activities		 5.24 11 -12 55 12 40 2.21 5.47 14 3.10
Net Income / (Loss) Continuing Operations		 4.07 -0.29 1.92 0.93 4.53 6.12 4.61 5.92 6.94 4.44
Consolidated Net Income / (Loss)		 4.07 -0.29 1.92 0.93 4.53 6.12 4.61 5.92 6.94 4.44
Provision For Loan Losses		 -0.11 2.22 0.13 0.53 0.66 0.65 0.20 0.02 0.21 2.34
Depreciation Expense		 0.85 0.59 0.48 -0.10 0.37 -0.15 0.50 -1.76 1.78 0.22
Non-Cash Adjustments to Reconcile Net Income		 -0.27 -0.45 -10 55 0.97 33 -0.04 0.45 2.70 -1.48
Changes in Operating Assets and Liabilities, net		 0.70 9.04 -4.01 -1.59 5.38 0.71 -3.06 0.83 2.35 -2.42
Net Cash From Investing Activities		 -18 -15 12 21 28 -1.52 9.81 12 46 9.33
Net Cash From Continuing Investing Activities		 -18 -15 12 21 28 -1.52 9.81 12 46 9.33
Purchase of Property, Leasehold Improvements and Equipment		 -0.61 -0.88 -0.86 -1.14 -1.42 -0.38 -0.07 -0.24 -0.31 -0.34
Purchase of Investment Securities		 -20 -30 -4.75 -6.29 -4.27 -20 2.76 -1.32 44 4.98
Sale of Property, Leasehold Improvements and Equipment		 0.00 0.14 - - 0.85 0.00 0.00 - - 0.34
Sale and/or Maturity of Investments		 2.84 16 17 29 33 19 7.13 13 1.98 4.35
Net Cash From Financing Activities		 30 0.09 -6.54 -74 -36 -42 -10 -4.91 -74 -4.86
Net Cash From Continuing Financing Activities		 30 0.09 -6.54 -74 -36 -42 -10 -4.91 -74 -4.86
Net Change in Deposits		 20 -3.03 34 -48 -26 -39 43 -2.28 -70 -1.56
Issuance of Common Equity		 0.11 0.11 0.13 0.13 0.13 0.13 0.15 0.18 0.17 0.14
Repayment of Debt		 -42 5.91 -88 -23 -6.50 110 -51 0.36 -0.65 -0.30
Repurchase of Common Equity		 - - - - - 0.01 0.00 - - -0.02
Payment of Dividends		 -2.29 -2.90 -2.88 -3.09 -3.09 -3.16 -3.09 -3.11 -3.15 -3.13
Cash Interest Paid		 5.81 8.03 10 11 11 9.83 9.68 8.58 8.35 6.90

Annual Balance Sheets for LCNB

This table presents LCNB's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,281 1,307 1,296 1,637 1,639 1,746 1,904 1,919 2,292 2,307 2,241
Cash and Due from Banks		 14 18 21 18 17 17 17 20 27 20 18
Interest Bearing Deposits at Other Banks		 0.83 0.49 4.23 1.73 3.75 14 1.33 2.46 12 16 5.97
Trading Account Securities		 401 362 311 272 210 239 336 314 298 280 237
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans Held for Sale		 - 816 - 1,195 1,239 1,294 1,364 - 0.00 1,715 1.72
Premises and Equipment, Net		 22 30 35 33 35 35 35 33 36 41 39
Goodwill		 30 30 30 59 59 59 59 59 80 90 90
Intangible Assets		 5.40 4.58 3.80 5.04 4.01 3.45 2.47 1.83 9.49 11 9.27
Other Assets		 807 45 890 52 71 84 89 1,489 1,828 134 1,839
Total Liabilities & Shareholders' Equity		 1,281 1,307 1,296 1,637 1,639 1,746 1,904 1,919 2,292 2,307 2,241
Total Liabilities		 1,140 1,164 1,145 1,418 1,411 1,505 1,665 1,719 2,056 2,054 1,967
Non-Interest Bearing Deposits		 250 271 283 323 354 455 502 506 462 460 466
Interest Bearing Deposits		 837 840 803 978 994 1,000 1,127 1,099 1,362 1,419 1,374
Long-Term Debt		 5.95 0.60 0.30 47 41 22 - - 113 155 104
Other Long-Term Liabilities		 9.93 10 12 14 22 28 26 23 21 21 22
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 140 143 150 219 228 241 239 201 235 253 274
Total Preferred & Common Equity		 140 143 150 219 228 241 239 201 235 253 274
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 140 143 150 219 228 241 239 201 235 253 274
Common Stock		 77 76 77 141 142 142 143 144 174 187 188
Retained Earnings		 75 81 87 95 104 115 126 139 140 141 152
Treasury Stock		 -12 -12 -12 -12 -19 -21 -29 -53 -56 -56 -56
Accumulated Other Comprehensive Income / (Loss)		 0.24 -2.62 -2.34 -4.72 0.67 4.04 -1.81 -30 -22 -19 -10

Quarterly Balance Sheets for LCNB

This table presents LCNB's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,982 2,283 2,371 2,347 2,303 2,308 2,244 2,238
Cash and Due from Banks		 23 25 26 28 29 37 28 23
Interest Bearing Deposits at Other Banks		 20 8.00 9.12 12 9.29 13 7.96 8.75
Trading Account Securities		 297 285 285 286 261 258 248 234
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans Held for Sale		 1,450 76 44 36 6.10 6.03 4.02 3.44
Premises and Equipment, Net		 33 37 41 41 40 40 39 39
Goodwill		 59 80 94 90 90 90 90 90
Intangible Assets		 1.35 8.90 12 12 11 10 9.68 8.89
Other Assets		 97 1,765 1,860 1,842 1,857 1,853 1,817 1,830
Total Liabilities & Shareholders' Equity		 1,982 2,283 2,371 2,347 2,303 2,308 2,244 2,238
Total Liabilities		 1,780 2,049 2,126 2,094 2,044 2,044 1,974 1,962
Non-Interest Bearing Deposits		 453 436 449 447 464 463 454 470
Interest Bearing Deposits		 1,164 1,423 1,494 1,470 1,458 1,456 1,395 1,369
Long-Term Debt		 113 163 162 156 105 105 105 104
Other Long-Term Liabilities		 21 18 21 21 18 20 21 19
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 201 234 245 253 259 263 270 276
Total Preferred & Common Equity		 201 234 245 253 259 263 270 276
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 201 234 245 253 259 263 270 276
Common Stock		 145 174 187 187 187 188 188 189
Retained Earnings		 143 139 137 138 143 146 149 153
Treasury Stock		 -56 -56 -56 -56 -56 -56 -56 -56
Accumulated Other Comprehensive Income / (Loss)		 -31 -23 -23 -16 -16 -14 -11 -9.97

Annual Metrics And Ratios for LCNB

This table displays calculated financial ratios and metrics derived from LCNB's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 16.89% 9.83% 3.33% 0.44% 15.39% 12.72% 7.80% 1.94% 2.69% -4.74% 13.15%
EBITDA Growth		 16.59% 0.92% 4.22% 5.49% 6.40% 20.13% 0.48% 6.83% 5.29% -38.53% -9.23%
EBIT Growth		 13.08% 18.42% 7.83% 1.88% 3.19% 29.40% 4.93% 5.90% 5.32% -43.37% 4.59%
NOPAT Growth		 12.40% 16.26% 8.79% 3.93% 14.44% 27.40% 6.15% 4.48% 5.50% -42.93% 6.84%
Net Income Growth		 12.40% 16.26% 8.79% 3.93% 14.44% 27.40% 6.15% 4.48% 5.50% -42.93% 6.84%
EPS Growth		 -4.55% 11.43% 6.84% 3.20% -3.88% 16.13% 7.64% 7.10% 16.27% -43.01% -11.82%
Operating Cash Flow Growth		 52.77% -100.00% 16.96% 17.12% 8.86% 11.28% -37.74% 30.29% 61.11% -18.64% 299.13%
Free Cash Flow Firm Growth		 80.37% -335.23% 156.60% -90.52% -11,306.94% 165.66% -63.54% 71.90% -125.22% -1,313.08% 131.74%
Invested Capital Growth		 10.07% 19.35% 1.17% 6.46% 63.10% -16.51% -2.31% -9.22% 14.05% 63.83% -8.44%
Revenue Q/Q Growth		 4.59% 1.09% 0.88% 0.55% 5.28% 0.00% 0.00% -3.37% 1.59% -0.79% 4.42%
EBITDA Q/Q Growth		 11.43% -13.90% 0.46% 1.65% 9.86% 699.67% 854.23% -6.30% 1.91% -31.24% 77.72%
EBIT Q/Q Growth		 10.88% -3.37% 6.91% -2.03% 10.51% 0.00% 0.00% -9.12% 3.60% -35.28% 100.21%
NOPAT Q/Q Growth		 9.67% -2.82% 6.57% -0.28% 11.88% 0.00% 0.00% -0.55% 3.66% -34.67% 90.59%
Net Income Q/Q Growth		 9.67% -2.82% 6.57% -0.28% 11.88% 0.00% 0.00% -0.55% 3.66% -34.67% 90.59%
EPS Q/Q Growth		 7.14% -4.10% 6.84% -0.77% 3.33% 0.00% 0.00% 0.61% 6.63% -36.42% 106.38%
Operating Cash Flow Q/Q Growth		 26.13% -100.00% 0.03% 6.02% 16.37% -5.35% -16.73% -6.98% 34.33% 21.98% 51.44%
Free Cash Flow Firm Q/Q Growth		 81.82% -290.84% 15.51% 139.04% -153.94% 333.48% 947.58% 18.14% -122.44% -59.97% 188.39%
Invested Capital Q/Q Growth		 -3.68% 13.38% 12.78% 9.72% 36.20% 0.58% -2.87% -5.85% 21.50% 29.60% -0.18%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 36.08% 33.15% 38.13% 40.05% 36.93% 39.35% 36.68% 38.44% 39.41% 25.43% 20.40%
EBIT Margin		 29.44% 31.74% 33.12% 33.60% 30.05% 34.49% 33.57% 34.88% 35.77% 21.27% 19.66%
Profit (Net Income) Margin		 21.92% 23.20% 24.43% 25.28% 25.07% 28.33% 27.90% 28.59% 29.37% 17.60% 16.62%
Tax Burden Percent		 74.45% 73.10% 73.75% 75.23% 83.43% 82.14% 83.09% 81.98% 82.12% 82.75% 84.53%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 25.55% 26.90% 26.25% 24.77% 16.57% 17.86% 16.91% 18.02% 17.88% 17.25% 15.47%
Return on Invested Capital (ROIC)		 6.73% 6.81% 6.76% 6.77% 5.71% 6.40% 7.55% 8.37% 8.67% 3.52% 3.16%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.73% 6.81% 6.76% 6.77% 5.71% 6.40% 7.55% 8.37% 8.67% 3.52% 3.16%
Return on Net Nonoperating Assets (RNNOA)		 1.34% 1.83% 2.05% 2.08% 2.33% 2.06% 1.01% 0.38% 1.41% 2.28% 2.37%
Return on Equity (ROE)		 8.07% 8.63% 8.82% 8.85% 8.04% 8.46% 8.56% 8.75% 10.07% 5.79% 5.53%
Cash Return on Invested Capital (CROIC)		 -2.86% -10.84% 5.61% 0.51% -42.26% 24.39% 9.89% 18.03% -4.46% -44.87% 11.97%
Operating Return on Assets (OROA)		 1.30% 1.31% 1.31% 1.33% 1.21% 1.41% 1.43% 1.40% 1.41% 0.72% 0.69%
Return on Assets (ROA)		 0.97% 0.96% 0.96% 1.00% 1.01% 1.15% 1.19% 1.15% 1.16% 0.60% 0.59%
Return on Common Equity (ROCE)		 8.07% 8.63% 8.82% 8.85% 8.04% 8.46% 8.56% 8.75% 10.07% 5.79% 5.53%
Return on Equity Simple (ROE_SIMPLE)		 7.85% 8.19% 8.73% 8.63% 6.78% 8.29% 8.34% 8.79% 11.03% 5.37% 5.33%
Net Operating Profit after Tax (NOPAT)		 9.87 11 12 13 15 19 20 21 22 13 13
NOPAT Margin		 21.92% 23.20% 24.43% 25.28% 25.07% 28.33% 27.90% 28.59% 29.37% 17.60% 16.62%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 46.21% 45.82% 45.05% 47.01% 46.25% 47.79% 46.96% 47.30% 47.10% 50.84% 52.90%
Operating Expenses to Revenue		 68.50% 65.50% 65.09% 65.98% 68.39% 65.20% 63.63% 65.49% 63.90% 75.84% 77.93%
Earnings before Interest and Taxes (EBIT)		 13 16 17 17 18 23 24 26 27 15 16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 16 16 19 21 22 26 26 28 30 18 17
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.74 0.77 1.17 1.01 0.71 0.87 0.66 1.00 0.89 0.69 0.83
Price to Tangible Book Value (P/TBV)		 1.00 1.03 1.54 1.31 1.00 1.21 0.89 1.35 1.28 1.12 1.39
Price to Revenue (P/Rev)		 2.07 2.18 3.26 2.96 2.61 2.99 2.20 3.26 2.37 2.27 2.59
Price to Earnings (P/E)		 9.46 9.39 13.36 11.71 10.43 10.55 7.90 11.42 8.07 12.92 15.60
Dividend Yield		 6.38% 5.88% 3.83% 4.22% 5.59% 4.47% 5.93% 4.57% 5.11% 5.79% 5.90%
Earnings Yield		 10.57% 10.65% 7.48% 8.54% 9.59% 9.48% 12.66% 8.76% 12.39% 7.74% 6.41%
Enterprise Value to Invested Capital (EV/IC)		 0.69 0.74 1.03 0.88 0.74 0.82 0.57 0.93 0.84 0.75 0.81
Enterprise Value to Revenue (EV/Rev)		 2.34 2.75 3.73 3.39 4.00 3.29 2.07 3.02 3.02 4.65 4.06
Enterprise Value to EBITDA (EV/EBITDA)		 6.49 8.30 9.78 8.46 10.84 8.36 5.64 7.85 7.66 18.30 19.90
Enterprise Value to EBIT (EV/EBIT)		 7.96 8.67 11.26 10.08 13.32 9.54 6.16 8.65 8.44 21.89 20.65
Enterprise Value to NOPAT (EV/NOPAT)		 10.69 11.86 15.27 13.40 15.97 11.62 7.42 10.55 10.28 26.45 24.43
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.62 0.00 12.31 9.58 12.01 10.00 10.88 12.42 7.92 14.30 3.54
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 18.42 177.36 0.00 3.05 5.66 4.90 0.00 0.00 6.45
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.22 0.31 0.30 0.31 0.47 0.18 0.09 0.00 0.36 0.89 0.61
Long-Term Debt to Equity		 0.09 0.04 0.00 0.00 0.21 0.18 0.09 0.00 0.00 0.48 0.61
Financial Leverage		 0.20 0.27 0.30 0.31 0.41 0.32 0.13 0.05 0.16 0.65 0.75
Leverage Ratio		 8.34 8.99 9.14 8.88 7.94 7.33 7.22 7.61 8.70 9.66 9.42
Compound Leverage Factor		 8.34 8.99 9.14 8.88 7.94 7.33 7.22 7.61 8.70 9.66 9.42
Debt to Total Capital		 18.22% 23.62% 22.98% 23.94% 32.04% 15.24% 8.37% 0.00% 26.26% 47.22% 38.01%
Short-Term Debt to Total Capital		 10.83% 20.38% 22.65% 23.79% 17.45% 0.00% 0.00% 0.00% 26.26% 21.85% 0.00%
Long-Term Debt to Total Capital		 7.39% 3.24% 0.32% 0.15% 14.60% 15.24% 8.37% 0.00% 0.00% 25.37% 38.01%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 81.78% 76.38% 77.02% 76.06% 67.96% 84.76% 91.63% 100.00% 73.74% 52.78% 61.99%
Debt to EBITDA		 1.72 2.64 2.19 2.30 4.72 1.56 0.83 0.00 2.41 11.54 9.37
Net Debt to EBITDA		 0.75 1.73 1.22 1.07 3.76 0.77 -0.37 0.00 1.64 9.36 7.19
Long-Term Debt to EBITDA		 0.70 0.36 0.03 0.01 2.15 1.56 0.83 0.00 0.00 6.20 9.37
Debt to NOPAT		 2.84 3.78 3.42 3.65 6.96 2.17 1.10 0.00 3.23 16.67 11.50
Net Debt to NOPAT		 1.23 2.47 1.90 1.69 5.54 1.07 -0.48 0.00 2.20 13.53 8.83
Long-Term Debt to NOPAT		 1.15 0.52 0.05 0.02 3.17 2.17 1.10 0.00 0.00 8.96 11.50
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -4.20 -18 10 0.98 -110 72 26 45 -11 -161 51
Operating Cash Flow to CapEx		 1,825.89% 0.00% 164.95% 285.82% 0.00% 559.12% 577.13% 921.46% 319,022.22% 1,196.72% 3,160.54%
Free Cash Flow to Firm to Interest Expense		 -1.17 -5.49 2.95 0.27 -17.09 6.68 3.48 11.15 -2.42 -6.93 1.16
Operating Cash Flow to Interest Expense		 4.44 0.00 4.42 5.04 3.07 2.04 1.81 4.40 6.09 1.00 2.11
Operating Cash Flow Less CapEx to Interest Expense		 4.20 0.00 1.74 3.28 3.08 1.67 1.50 3.92 6.09 0.92 2.04
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.04
Fixed Asset Turnover		 2.22 2.31 1.95 1.58 1.75 1.98 2.05 2.07 2.20 2.07 2.10
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 154 183 186 198 322 269 263 239 272 446 408
Invested Capital Turnover		 0.31 0.29 0.28 0.27 0.23 0.23 0.27 0.29 0.30 0.20 0.19
Increase / (Decrease) in Invested Capital		 14 30 2.14 12 125 -53 -6.22 -24 34 174 -38
Enterprise Value (EV)		 106 136 191 174 237 220 149 221 227 334 330
Market Capitalization		 93 108 167 152 155 200 159 239 179 163 210
Book Value per Share		 $13.51 $14.15 $14.32 $15.00 $16.46 $17.64 $18.70 $16.79 $17.81 $21.15 $17.93
Tangible Book Value per Share		 $10.02 $10.55 $10.84 $11.61 $11.63 $12.75 $13.83 $12.45 $12.39 $13.15 $10.75
Total Capital		 154 183 186 198 322 269 263 239 272 446 408
Total Debt		 28 43 43 47 103 41 22 0.00 71 211 155
Total Long-Term Debt		 11 5.95 0.60 0.30 47 41 22 0.00 0.00 113 155
Net Debt		 12 28 24 22 82 20 -9.73 -18 49 171 119
Capital Expenditures (CapEx)		 0.87 0.00 9.39 6.35 -0.05 3.93 2.37 1.93 0.01 1.95 2.95
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 28 43 43 47 103 41 22 0.00 71 211 155
Total Depreciation and Amortization (D&A)		 2.99 0.70 2.56 3.31 4.07 3.24 2.23 2.61 2.74 2.99 0.60
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.06 $1.18 $1.26 $1.30 $1.24 $1.44 $1.55 $1.66 $1.93 $0.00 $0.97
Adjusted Weighted Average Basic Shares Outstanding		 9.30M 9.70M 9.95M 10.01M 11.94M 13.08M 12.91M 12.59M 11.41M 0.00 13.76M
Adjusted Diluted Earnings per Share		 $1.05 $1.17 $1.25 $1.29 $1.24 $1.44 $1.55 $1.66 $1.93 $0.00 $0.97
Adjusted Weighted Average Diluted Shares Outstanding		 9.41M 9.81M 9.98M 10.01M 11.94M 13.08M 12.91M 12.59M 11.41M 0.00 13.76M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $1.44 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 9.31M 9.91M 9.99M 10.03M 13.31M 12.95M 12.81M 11.40M 11.26M 0.00 14.16M
Normalized Net Operating Profit after Tax (NOPAT)		 11 12 12 13 17 19 20 21 22 16 16
Normalized NOPAT Margin		 24.23% 24.15% 24.43% 25.45% 28.06% 28.47% 27.90% 28.59% 29.37% 22.97% 20.20%
Pre Tax Income Margin		 29.44% 31.74% 33.12% 33.60% 30.05% 34.49% 33.57% 34.88% 35.77% 21.27% 19.66%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.69 4.72 4.83 4.79 2.77 2.13 3.19 6.31 5.72 0.66 0.36
NOPAT to Interest Expense		 2.75 3.45 3.56 3.60 2.31 1.75 2.65 5.17 4.70 0.54 0.31
EBIT Less CapEx to Interest Expense		 3.45 4.72 2.15 3.03 2.78 1.77 2.88 5.84 5.72 0.57 0.29
NOPAT Less CapEx to Interest Expense		 2.51 3.45 0.88 1.84 2.32 1.39 2.34 4.70 4.70 0.46 0.24
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 57.11% 0.00% 48.45% 46.93% 52.36% 47.74% 47.06% 46.34% 41.54% 78.70% 90.56%
Augmented Payout Ratio		 57.11% 0.00% 60.83% 46.93% 54.71% 83.87% 56.39% 85.96% 148.46% 105.04% 90.47%

Quarterly Metrics And Ratios for LCNB

This table displays calculated financial ratios and metrics derived from LCNB's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
DEI Shares Outstanding		 11,116,765.00 11,124,072.00 26,448,552.00 14,142,960.00 14,152,188.00 - 14,157,962.00 14,167,428.00 14,175,891.00 14,186,645.00
DEI Adjusted Shares Outstanding		 11,116,765.00 11,124,072.00 26,448,552.00 14,142,960.00 14,152,188.00 - 14,157,962.00 14,167,428.00 14,175,891.00 14,186,645.00
DEI Earnings Per Adjusted Shares Outstanding		 0.37 -0.03 0.07 0.07 0.32 - 0.33 0.42 0.49 0.31
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -9.86% -2.88% 1.72% 8.27% 24.65% 17.84% 20.74% 18.10% 11.47% 9.38%
EBITDA Growth		 -21.81% -99.22% -53.11% -87.01% -2.93% 11,144.62% 122.23% 541.70% 79.84% -7.94%
EBIT Growth		 -26.54% -106.79% -55.94% -83.48% 6.20% 1,510.21% 147.64% 663.14% 58.99% -3.52%
NOPAT Growth		 -27.05% -105.78% -53.93% -80.29% 11.35% 1,752.71% 140.68% 539.89% 53.05% -3.58%
Net Income Growth		 -27.05% -104.57% -53.93% -80.29% 11.35% 2,188.74% 140.68% 539.89% 53.05% -3.58%
EPS Growth		 -24.49% -110.53% -59.46% -83.33% -16.22% 833.33% 120.00% 485.71% 58.06% -6.06%
Operating Cash Flow Growth		 -25.26% 7.13% -579.17% 1,115.18% 127.17% 261.16% 118.52% -90.04% 17.39% 40.19%
Free Cash Flow Firm Growth		 -431.07% -541.87% -97.06% 22.47% 47.92% 125.14% 145.26% 160.79% 168.32% -125.65%
Invested Capital Growth		 53.58% 63.83% 35.81% 22.43% 18.87% -8.44% -10.59% -9.55% -8.39% 4.59%
Revenue Q/Q Growth		 -3.78% 12.34% -7.48% 8.26% 10.78% 6.19% -5.20% 5.89% 4.57% 0.00%
EBITDA Q/Q Growth		 -10.20% -98.89% 4,066.15% -68.65% 571.26% 28.25% -17.66% -9.47% 88.12% 0.00%
EBIT Q/Q Growth		 -12.18% -110.54% 520.98% -57.61% 464.62% 39.96% -26.07% 30.63% 17.63% 0.00%
NOPAT Q/Q Growth		 -13.29% -109.10% 617.15% -51.70% 389.95% 35.04% -24.69% 28.42% 17.18% 0.00%
Net Income Q/Q Growth		 -13.29% -107.20% 753.58% -51.70% 389.95% 35.04% -24.69% 28.42% 17.18% 0.00%
EPS Q/Q Growth		 -11.90% -116.22% 350.00% -53.33% 342.86% 41.94% -25.00% 24.24% 19.51% 0.00%
Operating Cash Flow Q/Q Growth		 16.00% 111.96% -207.49% 559.78% -78.31% 257.71% -94.49% 147.15% 155.66% 0.00%
Free Cash Flow Firm Q/Q Growth		 -21.95% -50.13% 39.55% 29.94% 18.08% 172.45% 8.85% -5.91% -7.93% 0.00%
Invested Capital Q/Q Growth		 3.39% 29.60% -8.86% 0.26% 0.38% -0.18% -11.00% 1.43% 1.66% 0.00%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 34.24% 0.34% 15.19% 4.40% 26.66% 32.20% 27.96% 23.91% 43.01% 23.53%
EBIT Margin		 29.27% -2.75% 12.49% 4.89% 24.93% 32.86% 25.63% 31.61% 35.56% 22.60%
Profit (Net Income) Margin		 23.73% -1.52% 10.74% 4.79% 21.20% 26.96% 21.42% 25.97% 29.11% 18.88%
Tax Burden Percent		 81.09% 55.39% 85.99% 97.99% 85.03% 82.04% 83.57% 82.16% 81.85% 83.52%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 18.91% 0.00% 14.01% 2.01% 14.97% 17.96% 16.43% 17.84% 18.15% 16.48%
Return on Invested Capital (ROIC)		 6.04% -0.38% 2.19% 0.95% 4.38% 5.13% 4.73% 5.92% 6.75% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.04% -0.33% 2.19% 0.95% 4.38% 5.13% 4.73% 5.92% 6.75% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 2.61% -0.21% 1.34% 0.62% 2.87% 3.84% 2.66% 3.11% 3.36% 0.00%
Return on Equity (ROE)		 8.65% -0.60% 3.54% 1.58% 7.25% 8.97% 7.39% 9.03% 10.11% 0.00%
Cash Return on Invested Capital (CROIC)		 -35.45% -44.87% -27.43% -18.38% -15.36% 11.97% 15.38% 15.49% 14.78% -4.48%
Operating Return on Assets (OROA)		 1.09% -0.09% 0.43% 0.17% 0.90% 1.16% 0.95% 1.19% 1.41% 0.00%
Return on Assets (ROA)		 0.88% -0.05% 0.37% 0.16% 0.76% 0.95% 0.79% 0.98% 1.15% 0.00%
Return on Common Equity (ROCE)		 8.65% -0.60% 3.54% 1.58% 7.25% 8.97% 7.39% 9.03% 10.11% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 9.60% 0.00% 4.44% 2.70% 2.80% 0.00% 6.26% 8.04% 8.74% 0.00%
Net Operating Profit after Tax (NOPAT)		 4.07 -0.37 1.92 0.93 4.53 6.12 4.61 5.92 6.94 4.44
NOPAT Margin		 23.73% -1.92% 10.74% 4.79% 21.20% 26.96% 21.42% 25.97% 29.11% 18.88%
Net Nonoperating Expense Percent (NNEP)		 0.00% -0.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 49.38% 55.82% 56.79% 54.70% 50.20% 50.84% 52.32% 46.28% 43.70% 49.19%
Operating Expenses to Revenue		 71.40% 91.23% 86.80% 92.37% 71.98% 64.28% 73.46% 68.31% 63.55% 67.46%
Earnings before Interest and Taxes (EBIT)		 5.02 -0.53 2.23 0.94 5.33 7.46 5.52 7.20 8.47 5.32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 5.87 0.07 2.71 0.85 5.70 7.31 6.02 5.45 10 5.54
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.74 0.69 0.85 0.76 0.80 0.83 0.77 0.78 0.79 0.80
Price to Tangible Book Value (P/TBV)		 1.06 1.12 1.37 1.34 1.33 1.39 1.26 1.26 1.25 1.25
Price to Revenue (P/Rev)		 2.06 2.27 2.76 2.53 2.59 2.59 2.33 2.33 2.34 0.00
Price to Earnings (P/E)		 7.73 12.92 19.18 28.11 28.49 15.60 12.23 9.72 9.01 0.00
Dividend Yield		 6.25% 5.79% 5.71% 6.62% 6.18% 5.90% 6.29% 6.06% 5.87% 5.64%
Earnings Yield		 12.94% 7.74% 5.21% 3.56% 3.51% 6.41% 8.17% 10.29% 11.10% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.72 0.75 0.83 0.77 0.78 0.81 0.73 0.71 0.75 0.77
Enterprise Value to Revenue (EV/Rev)		 3.44 4.65 4.70 4.26 4.09 4.06 3.12 2.95 3.09 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 9.37 18.30 22.32 33.00 34.11 19.90 13.32 10.66 9.68 0.00
Enterprise Value to EBIT (EV/EBIT)		 10.54 21.89 27.26 40.89 39.89 20.65 13.75 10.22 9.81 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 12.86 26.45 32.63 47.35 44.92 24.43 16.35 12.31 11.92 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.98 14.30 37.96 5.28 4.82 3.54 2.47 4.50 4.68 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 6.45 4.47 4.34 4.85 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.71 0.89 0.74 0.66 0.61 0.61 0.40 0.40 0.39 0.38
Long-Term Debt to Equity		 0.56 0.48 0.70 0.66 0.61 0.61 0.40 0.40 0.39 0.38
Financial Leverage		 0.43 0.65 0.61 0.65 0.66 0.75 0.56 0.53 0.50 0.39
Leverage Ratio		 9.79 9.66 9.61 9.66 9.52 9.42 9.32 9.20 8.78 8.50
Compound Leverage Factor		 9.79 9.66 9.61 9.66 9.52 9.42 9.32 9.20 8.78 8.50
Debt to Total Capital		 41.47% 47.22% 42.49% 39.80% 38.07% 38.01% 28.80% 28.50% 27.96% 27.41%
Short-Term Debt to Total Capital		 8.72% 21.85% 2.46% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 32.75% 25.37% 40.03% 39.80% 38.07% 38.01% 28.80% 28.50% 27.96% 27.41%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 58.53% 52.78% 57.51% 60.20% 61.93% 61.99% 71.20% 71.50% 72.04% 72.59%
Debt to EBITDA		 5.37 11.54 11.37 17.08 16.70 9.37 5.26 4.29 3.61 0.00
Net Debt to EBITDA		 3.74 9.36 9.20 13.41 12.48 7.19 3.36 2.25 2.36 0.00
Long-Term Debt to EBITDA		 4.24 6.20 10.71 17.08 16.70 9.37 5.26 4.29 3.61 0.00
Debt to NOPAT		 7.38 16.67 16.62 24.51 21.99 11.50 6.46 4.96 4.44 0.00
Net Debt to NOPAT		 5.13 13.53 13.45 19.24 16.43 8.83 4.12 2.60 2.91 0.00
Long-Term Debt to NOPAT		 5.83 8.96 15.66 24.51 21.99 11.50 6.46 4.96 4.44 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -116 -174 -105 -74 -60 44 48 45 41 -12
Operating Cash Flow to CapEx		 856.37% 1,495.15% -1,391.72% 4,803.32% 2,067.01% 10,756.30% 3,160.00% 2,326.38% 4,523.30% 0.00%
Free Cash Flow to Firm to Interest Expense		 -19.02 -20.12 -9.69 -6.27 -5.28 4.30 5.28 5.34 5.04 -1.86
Operating Cash Flow to Interest Expense		 0.86 1.28 -1.10 4.67 1.04 3.94 0.25 0.65 1.71 0.47
Operating Cash Flow Less CapEx to Interest Expense		 0.76 1.20 -1.18 4.58 0.99 3.90 0.24 0.62 1.67 0.47
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.04 0.00
Fixed Asset Turnover		 2.18 2.07 2.06 1.99 2.09 2.10 2.21 2.20 2.25 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 344 446 406 407 409 408 363 368 375 380
Invested Capital Turnover		 0.25 0.20 0.20 0.20 0.21 0.19 0.22 0.23 0.23 0.00
Increase / (Decrease) in Invested Capital		 120 174 107 75 65 -38 -43 -39 -34 17
Enterprise Value (EV)		 249 334 339 313 318 330 265 261 281 293
Market Capitalization		 149 163 199 186 202 210 198 206 212 221
Book Value per Share		 $18.11 $21.15 $17.67 $17.34 $17.89 $17.93 $18.27 $18.60 $19.04 $19.53
Tangible Book Value per Share		 $12.66 $13.15 $10.98 $9.84 $10.70 $10.75 $11.14 $11.51 $11.98 $12.50
Total Capital		 344 446 406 407 409 408 363 368 375 380
Total Debt		 143 211 173 162 156 155 105 105 105 104
Total Long-Term Debt		 113 113 163 162 156 155 105 105 105 104
Net Debt		 99 171 140 127 116 119 67 55 69 72
Capital Expenditures (CapEx)		 0.61 0.74 0.86 1.14 0.58 0.37 0.07 0.24 0.31 -0.00
Net Nonoperating Expense (NNE)		 0.00 -0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 143 211 173 162 156 155 105 105 105 104
Total Depreciation and Amortization (D&A)		 0.85 0.59 0.48 -0.10 0.37 -0.15 0.50 -1.76 1.78 0.22
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.37 ($0.06) $0.15 $0.07 $0.31 $0.44 $0.33 $0.41 $0.49 $0.31
Adjusted Weighted Average Basic Shares Outstanding		 11.04M 11.42M 13.11M 14.03M 14.10M 13.76M 14.05M 14.09M 14.10M 14.13M
Adjusted Diluted Earnings per Share		 $0.37 ($0.06) $0.15 $0.07 $0.31 $0.44 $0.33 $0.41 $0.49 $0.31
Adjusted Weighted Average Diluted Shares Outstanding		 11.04M 11.42M 13.11M 14.03M 14.10M 13.76M 14.05M 14.09M 14.10M 14.13M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 11.12M 13.22M 14.14M 14.15M 14.11M 14.16M 14.17M 14.18M 14.19M 14.25M
Normalized Net Operating Profit after Tax (NOPAT)		 4.31 2.37 2.58 3.20 4.77 6.17 4.61 6.03 6.94 4.44
Normalized NOPAT Margin		 25.16% 12.30% 14.48% 16.57% 22.32% 27.20% 21.42% 26.48% 29.11% 18.88%
Pre Tax Income Margin		 29.27% -2.75% 12.49% 4.89% 24.93% 32.86% 25.63% 31.61% 35.56% 22.60%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.82 -0.06 0.21 0.08 0.47 0.73 0.61 0.86 1.04 0.81
NOPAT to Interest Expense		 0.67 -0.04 0.18 0.08 0.40 0.60 0.51 0.70 0.85 0.68
EBIT Less CapEx to Interest Expense		 0.72 -0.15 0.13 -0.02 0.42 0.70 0.60 0.83 1.00 0.81
NOPAT Less CapEx to Interest Expense		 0.57 -0.13 0.10 -0.02 0.35 0.56 0.50 0.68 0.81 0.68
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 48.62% 78.70% 100.63% 168.73% 169.02% 90.56% 76.76% 58.74% 53.03% 0.00%
Augmented Payout Ratio		 69.35% 105.04% 100.63% 168.73% 169.02% 90.47% 76.76% 59.01% 53.26% 0.00%

Financials Breakdown Chart

Key Financial Trends

LCNB CORP showed a solid rebound in profitability in Q1 2026 compared with the prior two quarters, but the balance sheet and deposit trends suggest the bank is still managing a fairly dynamic funding profile. For retail investors, the most important takeaway is that earnings improved, operating cash flow stayed positive, and capital remains adequate — but interest costs, deposit outflows, and a sizable goodwill/intangible asset base are still worth watching.

  • Q1 2026 earnings improved meaningfully sequentially. Net income rose to $4.4 million from $6.9 million in Q3 2025, but that was up from the weaker $0.9 million in Q2 2025. On a per-share basis, EPS was $0.31, better than the $0.07 seen in Q2 2025.
  • Core revenue held up well. Q1 2026 total revenue was $23.5 million, supported by $18.8 million of net interest income and $4.7 million of non-interest income.
  • Operating cash flow was positive. The company generated $3.1 million in net cash from operating activities in Q1 2026, a sign that reported earnings were supported by real cash generation.
  • Equity increased quarter over quarter. Total common equity rose to $275.8 million at March 31, 2026 from $269.9 million at Sept. 30, 2025, helping support the balance sheet.
  • Credit loss expense was manageable relative to revenue. The provision for credit losses was $2.3 million, which is elevated versus Q3 2025 but still not overwhelming relative to the quarter’s revenue base.
  • Deposit balances remain the key funding lever. Total deposits were $1.84 billion in Q1 2026, down from $1.85 billion in Q3 2025 and $1.92 billion in Q2 2025. That’s not a severe drop, but it shows deposit balances are still moving around.
  • Interest expense improved from the prior quarter, but remains high. Total interest expense was $6.6 million in Q1 2026, down from $8.2 million in Q3 2025. That helped net interest income, but funding costs are still an important swing factor.
  • The company continues to carry a large amount of goodwill and intangibles. Goodwill was $90.3 million and intangible assets were $8.9 million in Q1 2026. These are not unusual for a bank with acquisition history, but they reduce tangible asset quality.
  • Cash and investment balances remain sizable. LCNB ended Q1 2026 with $23.1 million in cash and due from banks and $233.8 million in trading account securities, giving it liquidity flexibility.
  • Non-interest expense remains elevated. Q1 2026 total non-interest expense was $15.9 million, which still consumes a large share of quarterly revenue.
  • Deposits fell quarter over quarter. Net change in deposits was negative $1.6 million in Q1 2026, after larger outflows in some earlier periods. Ongoing deposit pressure can squeeze margins and force more expensive funding.
  • Funding costs and interest paid were still substantial. Cash interest paid was $6.9 million in Q1 2026, underscoring that the bank is operating in a relatively high-rate environment.
  • Balance sheet leverage remains meaningful. Total liabilities were $2.0 billion versus $275.8 million of common equity, so the company remains highly levered, as is typical for a bank but still important for risk monitoring.

Looking at the broader trend from 2024 into 2025 and Q1 2026, LCNB’s earnings path has been uneven but generally improved from the weak points. Q1 2024 was solid, Q4 2023 was loss-making, and the company then posted a weak Q2 2025 before recovering in Q3 2025 and staying profitable in Q1 2026. That pattern suggests the bank is capable of producing respectable earnings, but margins are sensitive to deposit costs, restructuring items, and credit provisions.

For investors, the key watch items from here are deposit stability, net interest margin direction, credit loss provisioning, and whether earnings can stay consistently above the recent quarter-to-quarter volatility. If those trends hold, LCNB could continue to look like a steady regional bank income story. If not, the recent improvement could prove harder to sustain.

07/16/26 06:58 PM ETAI Generated. May Contain Errors.

LCNB Financials - Frequently Asked Questions

According to the most recent income statement we have on file, LCNB's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

LCNB's net income appears to be on an upward trend, with a most recent value of $13.49 million in 2024, rising from $9.87 million in 2014. The previous period was $12.63 million in 2023. Check out LCNB's forecast to explore projected trends and price targets.

Over the last 10 years, LCNB's total revenue changed from $45.03 million in 2014 to $81.20 million in 2024, a change of 80.3%.

LCNB's total liabilities were at $1.97 billion at the end of 2025, a 4.3% decrease from 2024, and a 72.5% increase since 2015.

In the past 10 years, LCNB's cash and equivalents has ranged from $14.16 million in 2015 to $27.28 million in 2023, and is currently $18.35 million as of their latest financial filing in 2025.

Over the last 10 years, LCNB's book value per share changed from 13.51 in 2014 to 17.93 in 2024, a change of 32.8%.


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Financial statements for NASDAQ:LCNB last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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