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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 | - | 13.3% | 71.4% |
| 2024 | $81M | - | $13M | $89M | - | 13.2% | 6.8% |
| 2023 | $72M | - | $13M | $21M | - | -4.7% | -42.9% |
| 2022 | $75M | - | $22M | $28M | - | - | - |
| 2021 | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 75.33 | 71.76 | 81.20 | 92 |
| Operating Revenue | - | 75.33 | 71.76 | 81.20 | 92 |
| Selling General And Administration | - | 30.20 | 31.14 | 38.11 | 38.21 |
| Interest Income | - | 65.67 | 79.42 | 104.83 | 102.57 |
| Interest Expense | - | 4.71 | 23.25 | 44.22 | 32.52 |
| Net Interest Income | - | 60.96 | 56.17 | 60.61 | 70.05 |
| Pretax Income | - | 26.95 | 15.26 | 15.96 | 28.15 |
| Tax Provision | - | 4.82 | 2.63 | 2.47 | 5.03 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -0.80 | -0.53 | -0.03 |
| Net Income Continuous Operations | - | 22.13 | 12.63 | 13.49 | 23.12 |
| Net Income From Continuing And Discontinued Operation | - | 22.13 | 12.63 | 13.49 | 23.12 |
| Net Income From Continuing Operation Net Minority Interest | - | 22.13 | 12.63 | 13.49 | 23.12 |
| Net Income | - | 22.13 | 12.63 | 13.49 | 23.12 |
| Net Income Common Stockholders | - | 22.01 | 12.54 | 13.41 | 22.99 |
| Net Income Including Noncontrolling Interests | - | 22.13 | 12.63 | 13.49 | 23.12 |
| Normalized Income | - | 22.13 | 16.48 | 16.40 | 23.23 |
| Diluted NI Availto Com Stockholders | - | 22.01 | 12.54 | 13.41 | 22.99 |
| Basic Average Shares | - | 11.41 | 11.42 | 13.85 | 14.09 |
| Diluted Average Shares | - | 11.41 | 11.42 | 13.85 | 14.09 |
| Reconciled Depreciation | - | 2.74 | 2.99 | 0.60 | 0.67 |
| Total Unusual Items | - | 0 | -4.66 | -3.44 | -0.14 |
| Total Unusual Items Excluding Goodwill | - | 0 | -4.66 | -3.44 | -0.14 |
| 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 | 1.08 |
| Depreciation And Amortization In Income Statement | - | 0.48 | 0.53 | 1.14 | 1.08 |
| General And Administrative Expense | - | 29.01 | 30.04 | 37.06 | 36.98 |
| Other Gand A | 0.42 | - | - | - | - |
| Salaries And Wages | - | 28.48 | 29.11 | 35.17 | 35.50 |
| Insurance And Claims | - | 0.53 | 0.93 | 1.90 | 1.49 |
| Selling And Marketing Expense | - | 1.18 | 1.10 | 1.05 | 1.22 |
| Otherunder Preferred Stock Dividend | - | 0.11 | 0.09 | 0.08 | 0.13 |
| Amortization | - | 0.48 | 0.53 | 1.14 | 1.08 |
| Amortization Of Intangibles Income Statement | - | 0.48 | 0.53 | 1.14 | 1.08 |
| 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 | $235M | 10.18 | 0.86 | 8.4% | - |
| Hawthorn Bancshares, Inc. | HWBK | $244M | 10.26 | 1.40 | 13.7% | - |
| Octave Specialty Group, Inc. | OSG | $244M | -0.93 | 0.34 | -36.6% | - |
| Chain Bridge Bancorp, Inc. | CBNA | $239M | 11.80 | 1.41 | 12.0% | - |
| C&F Financial Corporation | CFFI | $237M | 8.83 |
| - |
| - |
| - |
| 0.90 |
| 10.3% |
| - |
| Princeton Bancorp, Inc. | BPRN | $236M | 12.67 | 0.87 | 6.9% | - |
| Medallion Financial Corp. | MFIN | $230M | 4.93 | 0.56 | 11.4% | - |
| Virginia National Bankshares Corporation | VABK | $229M | 11.89 | 1.24 | 10.5% | - |
| Ohio Valley Banc Corp. | OVBC | $227M | 14.56 | 1.33 | 9.2% | - |
| Peer Median | - | 11.03 | 1.07 | 10.4% | - | |