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LCNB Corp. operates as the financial holding company for LCNB National Bank that provides banking services in the United States. It offers checking and savings accounts; interest-bearing demand and money market deposit; and time certificates. The company also provides commercial and industrial, commercial and residential real estate, agricultural, construction, various types of consumer, and small business administration loans; residential mortgage loans, such as loans for purchasing or refinancing personal residences, home equity lines of credit, and loans for commercial or consumer purposes secured by residential mortgages; and consumer lending comprising automobile, boat, home improvement, and personal loans. In addition, it offers trust administration, estate settlement, and fiduciary services; and investment management of trusts, agency accounts, individual retirement accounts, and foundations/endowments. Further, the company offers investment services and products, including financial needs analysis, mutual funds, securities trading, annuities, and life insurance; and security brokerage services. Additionally, it 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $92M | - | $23M | $33M | 8.4% | 13.3% | 71.4% |
| 2024 | $81M | - | $13M | $89M | 5.3% | 13.2% | 6.8% |
| 2023 | $72M | - | $13M | $21M | 5.4% | -4.7% | -42.9% |
| 2022 | $75M | - | $22M | $28M | 11.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 75.33 | 71.76 | 81.20 | 92 |
| Pretax Income | 26.95 | 15.26 | 15.96 | 28.15 |
| Tax Provision | 4.82 | 2.63 | 2.47 | 5.03 |
| Net Income | 22.13 | 12.63 | 13.49 | 23.12 |
| Net Income Common Stockholders | 22.01 | 12.54 | 13.41 | 22.99 |
| Interest Expense | 4.71 | 23.25 | 44.22 | 32.52 |
| Interest Income | 65.67 | 79.42 | 104.83 | 102.57 |
| Selling General And Administration | 30.20 | 31.14 | 38.11 | 38.21 |
| Normalized Income | 22.13 | 16.48 | 16.40 | 23.23 |
| Basic EPS | 1.93 | 1.10 | 0.97 | 0 |
| Diluted EPS | 1.93 | 1.10 | 0.97 | 0 |
| Tax Effect Of Unusual Items | 0 | -0.80 | -0.53 | -0.03 |
| Tax Rate For Calcs | 0.18 | 0.17 | 0.15 | 0.18 |
| Total Unusual Items | 0 | -4.66 | -3.44 | -0.14 |
| Total Unusual Items Excluding Goodwill | 0 | -4.66 | -3.44 | -0.14 |
| Net Income From Continuing Operation Net Minority Interest | 22.13 | 12.63 | 13.49 | 23.12 |
| Reconciled Depreciation | 2.74 | 2.99 | 0.60 | 0.67 |
| Net Interest Income | 60.96 | 56.17 | 60.61 | 70.05 |
| Net Income From Continuing And Discontinued Operation | 22.13 | 12.63 | 13.49 | 23.12 |
| Diluted Average Shares | 11.41 | 11.42 | 13.85 | 0 |
| Basic Average Shares | 11.41 | 11.42 | 13.85 | 0 |
| Diluted NI Availto Com Stockholders | 22.01 | 12.54 | 13.41 | 22.99 |
| Otherunder Preferred Stock Dividend | 0.11 | 0.09 | 0.08 | 0.13 |
| Net Income Including Noncontrolling Interests | 22.13 | 12.63 | 13.49 | 23.12 |
| Net Income Continuous Operations | 22.13 | 12.63 | 13.49 | 23.12 |
| Special Income Charges | 0 | -4.66 | -3.44 | -0.14 |
| Restructuring And Mergern Acquisition | 0 | 4.66 | 3.44 | 0.14 |
| Gain On Sale Of Security | 0 | 0 | -0.21 | 0 |
| Depreciation Amortization Depletion Income Statement | 0.48 | 0.53 | 1.14 | 1.07 |
| Depreciation And Amortization In Income Statement | 0.48 | 0.53 | 1.14 | 1.07 |
| Amortization | 0.48 | 0.53 | 1.14 | 1.07 |
| Amortization Of Intangibles Income Statement | 0.48 | 0.53 | 1.14 | 1.07 |
| Selling And Marketing Expense | 1.18 | 1.10 | 1.05 | 1.22 |
| General And Administrative Expense | 29.01 | 30.04 | 37.06 | 36.98 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 0.53 | 0.93 | 1.90 | 1.49 |
| Salaries And Wages | 28.48 | 29.11 | 35.17 | 35.50 |
| Operating Revenue | 75.33 | 71.76 | 81.20 | 92 |
| Occupancy And Equipment | 4.70 | 4.92 | 5.31 | 5.50 |
| Other Non Interest Expense | 12.76 | 13.18 | 15.27 | 16.99 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| LCNB Corp.this co. | LCNB | $231M | 10.07↓ discount | 0.84 | 8.4% | - |
| Chain Bridge Bancorp, Inc. | CBNA | $243M | 11.18 | 1.43 | 12.0% | - |
| Princeton Bancorp, Inc. | BPRN | $242M | 12.49 | 0.88 | 6.9% | - |
| First United Corporation | FUNC | $239M | 9.50 | 1.17 | 12.0% | - |
| Security National Financial Corporation | SNFCA | $238M | 7.63 |
| 0.58 |
| 7.8% |
| 4.28 |
| Hawthorn Bancshares, Inc. | HWBK | $232M | 9.82 | 1.33 | 13.7% | - |
| Virginia National Bankshares Corporation | VABK | $229M | 11.44 | 1.24 | 10.5% | - |
| National Bankshares, Inc. | NKSH | $228M | 12.95 | 1.23 | 8.6% | - |
| FinWise Bancorp | FINW | $218M | 14.09 | 1.13 | 8.3% | - |
| Peer Median | - | 11.31 | 1.20 | 9.5% | 4.28 | |