NASDAQ : LCNB
LCNB Corp. — Financial statements
Financials · Banks - Regional · United States
Last price 19.93 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 284.24M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 95.28M | 94.31M | 96.48M | 71.89M | 59.25M | 56.14M |
| Interest Income on Investments | 8.09M | 8.43M | 8.54M | 7.71M | 6.51M | 5.04M |
| Total Interest Income | 103.38M | 102.75M | 105.02M | 79.60M | 65.75M | 61.18M |
| Interest Paid on Deposits | 21.50M | 27.15M | 35.84M | 16.57M | 3.68M | 3.58M |
| Interest Paid on Borrowings | 5.30M | 5.38M | 8.38M | 6.68M | 1.03M | 475.00K |
| Total Interest Expense | 26.80M | 32.52M | 44.22M | 23.25M | 4.71M | 4.05M |
| Net Interest Income | 76.57M | 70.22M | 60.80M | 56.35M | 61.04M | 57.12M |
| Trust Income | 10.42M | 9.53M | 8.45M | 7.09M | 6.47M | 6.67M |
| Gain (Loss) on Sale of Investments | 30.00K | 30.00K | -223.00K | 56.00K | -292.00K | 444.00K |
| Other Non-Interest Income | 1.96M | 1.89M | 1.99M | 1.71M | 1.73M | 1.72M |
| Total Non-Interest Income | 20.99M | 21.77M | 20.40M | 15.41M | 14.29M | 15.72M |
| Revenues Before Loan Losses | 97.56M | 92.00M | 81.20M | 71.76M | 75.33M | 72.85M |
| Provision for Loan Losses | 4.58M | 1.94M | 1.96M | 2.08M | 250.00K | -269.00K |
| Revenue | 92.98M | 90.06M | 79.24M | 69.68M | 75.08M | 73.12M |
| Salaries and Employee Benefits | 35.70M | 34.85M | 34.58M | 28.55M | 27.95M | 27.37M |
| Occupancy Expenses | 4.01M | 3.98M | 3.73M | 3.30M | 3.07M | 2.95M |
| Federal Deposit Insurance | 1.21M | 1.49M | 1.90M | 932.00K | 530.00K | 492.00K |
| Amortization of Goodwill & Intangibles | 913.00K | 1.07M | 1.14M | 532.00K | 478.00K | 1.04M |
| Selling, General & Administrative | 8.93M | 8.42M | 7.86M | 7.41M | 6.96M | 6.81M |
| Other Non-Interest Expense | 11.51M | 11.70M | 11.09M | 9.47M | 9.54M | 9.38M |
| Total Non-Interest Expense | 62.27M | 61.50M | 60.29M | 50.19M | 47.66M | 48.04M |
| EBT Excluding Unusual Items | 30.72M | 28.56M | 18.95M | 19.49M | 27.42M | 25.08M |
| Asset Writedown | -265.00K | -265.00K | ||||
| Other Unusual Items | 508.00K | |||||
| Pretax Income | 30.45M | 28.15M | 15.96M | 15.26M | 26.95M | 25.59M |
| Income Tax Expense | 5.55M | 5.03M | 2.47M | 2.63M | 4.82M | 4.61M |
| Net Income | 24.90M | 23.12M | 13.49M | 12.63M | 22.13M | 20.97M |
| Preferred Dividends & Other Adjustments | 131.00K | 131.00K | 82.00K | 86.00K | 114.00K | 75.00K |
| Net Income to Common | 24.77M | 22.99M | 13.41M | 12.54M | 22.01M | 20.90M |
| Basic Shares Outstanding | 14.14M | 14.09M | 13.76M | 11.42M | 11.41M | 12.59M |
| Diluted Shares Outstanding | 14.14M | 14.09M | 13.76M | 11.42M | 11.41M | 12.59M |
| EPS (Basic) | 1.75 | 1.63 | 0.97 | 1.10 | 1.93 | 1.66 |
| EPS (Diluted) | 1.75 | 1.63 | 0.97 | 1.10 | 1.93 | 1.66 |
| Dividend Per Share | 0.88 | 0.88 | 0.88 | 0.85 | 0.81 | 0.77 |
| Effective Tax Rate | 18.22% | 17.87% | 15.47% | 17.25% | 17.88% | 18.02% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 70.25M | 21.61M | 35.74M | 39.72M | 22.70M | 18.14M |
| Investment Securities | 235.86M | 206.90M | 223.29M | 238.00M | 248.34M | 251.94M |
| Mortgage-Backed Securities | 62.52M | 69.55M | 72.79M | 79.44M | 96.68M | |
| Total Investments | 235.86M | 269.42M | 292.84M | 310.79M | 327.78M | 348.62M |
| Gross Loans | 1.72B | 1.71B | 1.72B | 1.72B | 1.40B | 1.37B |
| Allowance for Loan Losses | -13.32M | -13.70M | -12.00M | -10.53M | -5.65M | -5.51M |
| Other Adjustments to Gross Loans | -1.28M | -1.10M | -796.00K | -961.00K | ||
| Net Loans | 1.70B | 1.69B | 1.71B | 1.71B | 1.40B | 1.36B |
| Property, Plant & Equipment | 46.00M | 45.67M | 46.83M | 42.30M | 39.57M | 41.74M |
| Goodwill | 90.31M | 90.31M | 90.31M | 79.51M | 59.22M | 59.22M |
| Other Intangible Assets | 8.12M | 6.93M | 8.01M | 5.39M | 956.00K | 1.43M |
| Loans Held for Sale | 2.79M | 1.72M | 5.56M | |||
| Accrued Interest Receivable | 8.27M | 7.97M | 8.70M | 8.40M | 7.48M | 8.00M |
| Long-Term Deferred Tax Assets | 6.51M | 11.69M | 8.56M | 6.64M | ||
| Other Long-Term Assets | 97.16M | 78.09M | 77.19M | 68.79M | 55.00M | 57.34M |
| Total Assets | 2.28B | 2.24B | 2.31B | 2.29B | 1.92B | 1.90B |
| Interest Bearing Deposits | 1.44B | 1.31B | 1.31B | 1.31B | 1.08B | 1.10B |
| Institutional Deposits | 66.30M | 107.80M | 50.17M | 16.14M | 25.12M | |
| Non-Interest Bearing Deposits | 445.67M | 466.09M | 459.62M | 462.27M | 505.82M | 501.53M |
| Total Deposits | 1.88B | 1.84B | 1.88B | 1.82B | 1.60B | 1.63B |
| Short-Term Borrowings | 24.41M | 97.39M | 71.45M | |||
| Current Portion of Long-Term Debt | 5.00M | |||||
| Current Portion of Leases | 717.00K | |||||
| Accrued Interest Payable | 16.15M | 1.53M | 2.48M | 1.70M | 311.00K | 277.00K |
| Long-Term Debt | 70.00M | 9.43M | 10.15M | 12.15M | 14.07M | |
| Federal Home Loan Bank Debt, Long-Term | 95.00M | 145.00M | 100.97M | 5.00M | 5.00M | |
| Long-Term Leases | 6.51M | 6.16M | 6.12M | 6.26M | 6.65M | 6.47M |
| Pension & Post-Retirement Benefits | 1.42M | 1.57M | 2.14M | 2.29M | 2.80M | |
| Long-Term Deferred Tax Liabilities | 1.19M | |||||
| Other Long-Term Liabilities | 12.23M | 10.75M | 11.28M | 13.97M | 15.47M | |
| Total Liabilities | 2.00B | 1.97B | 2.05B | 2.06B | 1.72B | 1.67B |
| Common Stock | 189.13M | 188.21M | 186.94M | 173.64M | 144.07M | 143.13M |
| Retained Earnings | 161.78M | 151.94M | 141.29M | 140.02M | 139.25M | 126.31M |
| Treasury Stock | -56.09M | -56.07M | -56.00M | -56.02M | -52.69M | -29.03M |
| Comprehensive Income & Other | -12.61M | -10.15M | -19.19M | -22.34M | -29.95M | -1.81M |
| Shareholders' Equity | 282.22M | 273.93M | 253.04M | 235.30M | 200.68M | 238.60M |
| Total Liabilities & Equity | 2.28B | 2.24B | 2.31B | 2.29B | 1.92B | 1.90B |
| Total Debt | 100.92M | 111.31M | 161.27M | 216.78M | 97.17M | 16.47M |
| Net Cash (Debt) | -27.71M | -86.98M | -125.27M | -177.06M | -74.47M | 1.66M |
| Net Cash Per Share | -1.96 | -6.17 | -9.10 | -15.51 | -6.53 | 0.13 |
| Filing Date Shares Outstanding | 14.26M | 14.24M | 14.16M | 13.22M | 11.26M | 11.40M |
| Total Common Shares Outstanding | 14.26M | 14.19M | 14.12M | 13.17M | 11.26M | 12.41M |
| Book Value Per Share | 19.79 | 19.30 | 17.92 | 17.86 | 17.82 | 19.22 |
| Tangible Book Value | 183.79M | 176.69M | 154.72M | 150.41M | 140.50M | 177.95M |
| Tangible Book Value Per Share | 12.89 | 12.45 | 10.96 | 11.42 | 12.48 | 14.33 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 23.12M | 13.49M | 12.63M | 22.13M | 20.97M | |
| Depreciation & Amortization | 668.00K | 604.00K | 2.99M | 2.74M | 2.61M | |
| Gain (Loss) on Sale of Assets | -455.00K | -422.00K | -434.00K | -6.00K | ||
| Gain (Loss) on Sale of Investments | -30.00K | 223.00K | 5.00K | 292.00K | -444.00K | |
| Provision for Credit Losses | 1.94M | 1.96M | 2.08M | 250.00K | -269.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 6.78M | 81.24M | 40.00K | 98.00K | 444.00K | |
| Accrued Interest Receivable | 733.00K | -5.00K | 245.00K | 517.00K | 338.00K | |
| Change in Other Net Operating Assets | 7.00K | -2.47M | 8.69M | 2.45M | -4.21M | |
| Other Operating Activities | 1.36M | 286.00K | -1.46M | -1.42M | -780.00K | |
| Operating Cash Flow | 34.40M | 93.24M | 23.36M | 28.71M | 17.82M | |
| Capital Expenditures | -959.00K | -3.80M | -2.61M | -884.00K | -1.94M | |
| Sale of Property, Plant and Equipment | 13.00K | 848.00K | 654.00K | 875.00K | 6.00K | |
| Cash Acquisitions | -2.14M | 1.89M | ||||
| Investment in Securities | 33.43M | 19.62M | 27.04M | -19.05M | -105.64M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 19.57M | 48.88M | -83.71M | -31.72M | -67.65M | |
| Other Investing Activities | -2.00M | -3.69M | 788.00K | |||
| Investing Cash Flow | 52.05M | 61.39M | -60.41M | -48.38M | -175.22M | |
| Short-Term Debt Issued | 71.45M | |||||
| Long-Term Debt Issued | 363.00K | 50.00M | 95.00M | 15.00M | ||
| Total Debt Issued | 363.00K | 50.00M | 95.00M | 86.45M | ||
| Short-Term Debt Repaid | -110.39M | -30.06M | ||||
| Long-Term Debt Repaid | -51.09M | -8.00M | -6.92M | -5.93M | -12.00M | |
| Total Debt Repaid | -51.09M | -118.40M | -36.98M | -5.93M | -12.00M | |
| Net Debt Issued (Repaid) | -50.73M | -68.40M | 58.02M | 80.53M | -12.00M | |
| Issuance of Common Stock | 625.00K | 525.00K | 428.00K | 408.00K | 438.00K | |
| Repurchase of Common Stock | -69.00K | -3.33M | -23.66M | -8.31M | ||
| Common Dividends Paid | -12.47M | -12.22M | -9.94M | -9.19M | -9.72M | |
| Net Increase (Decrease) in Deposit Accounts | -37.94M | -78.53M | 8.89M | -23.85M | 173.40M | |
| Other Financing Activities | 13.00K | |||||
| Financing Cash Flow | -100.58M | -158.61M | 54.07M | 24.23M | 143.80M | |
| Net Cash Flow | -14.13M | -3.98M | 17.02M | 4.57M | -13.59M | |
| Free Cash Flow | 33.44M | 89.44M | 20.75M | 27.83M | 15.88M | |
| Free Cash Flow Margin | 37.13% | 112.87% | 29.78% | 37.06% | 21.72% | |
| Free Cash Flow Per Share | 2.37 | 6.50 | 1.82 | 2.44 | 1.26 | |
| Cash Interest Paid | 33.47M | 42.53M | 21.74M | 4.68M | 4.23M | |
| Cash Income Tax Paid | -83.00K | 2.73M | 4.13M | 3.67M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 286.38M | 232.52M | 213.49M | 175.43M | 202.81M | 242.82M |
| Last Close Price | 19.72 | 15.79 | 13.76 | 13.54 | 14.63 | 15.14 |
| PE Ratio | 11.47 | 10.11 | 15.92 | 13.99 | 9.21 | 11.62 |
| PS Ratio | 3.03 | 2.58 | 2.69 | 2.52 | 2.70 | 3.32 |
| PB Ratio | 1.00 | 0.85 | 0.84 | 0.75 | 1.01 | 1.02 |
| P/FCF Ratio | 7.78 | 6.95 | 2.39 | 8.45 | 7.29 | 15.29 |
| P/OCF Ratio | 7.31 | 6.76 | 2.29 | 7.51 | 7.06 | 13.63 |
| Debt / Equity Ratio | 0.36 | 0.41 | 0.64 | 0.92 | 0.48 | 0.07 |
| Debt / FCF Ratio | 3.33 | 1.80 | 10.45 | 3.49 | 1.04 | |
| Net Debt / Equity Ratio | 0.10 | 0.32 | 0.49 | 0.75 | 0.37 | -0.01 |
| Net Debt / FCF Ratio | 2.60 | 1.40 | 8.53 | 2.68 | -0.10 | |
| Return on Equity (ROE) | 9.02% | 8.77% | 5.53% | 5.79% | 10.08% | 8.75% |
| Return on Assets (ROA) | 1.10% | 1.02% | 0.59% | 0.60% | 1.16% | 1.15% |
| Earnings Yield | 8.72% | 9.94% | 6.32% | 7.20% | 10.91% | 8.64% |
| FCF Yield | 12.85% | 14.38% | 41.89% | 11.83% | 13.72% | 6.54% |
| Dividend Yield | 4.38% | 5.37% | 5.82% | 6.38% | 4.50% | 3.94% |
| Payout Ratio | 50.28% | 53.95% | 90.56% | 78.70% | 41.54% | 46.34% |
| Buyback Yield / Dilution | -0.97% | -2.33% | -20.56% | -0.06% | 9.36% | 2.52% |
| Total Shareholder Return | 3.49% | 3.04% | -14.74% | 6.32% | 13.86% | 6.45% |