LCNB (LCNB) AI Stock Analysis

• Market Cap: $221.14M
• Dividend Yield: 5.64%
• Average Volume (3M): 23.56K
• Price to Earnings (P/E): 9.4
• Beta (1Y): 0.62
• Revenue Growth: 5.07%
• EPS Growth: 228.95%
• Country: US
• Employees: 346
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.49
• Shares Outstanding: 14,175,891
• 10 Day Avg. Volume: 23,840
• 30 Day Avg. Volume: 23,561
• PEG Ratio: -1.31
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 1.66
• P/FCF Ratio: 2.33
• Enterprise Value/Market Cap: 1.33
• Enterprise Value/Revenue: 2.31
• Enterprise Value/Gross Profit: 3.39
• Enterprise Value/Ebitda: 12.01
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 72 Outperform
• Price Target: $16.50 ▲(11.41% Upside)

LCNB's strong financial performance and attractive valuation are the primary strengths, contributing positively to the overall score. However, technical indicators suggest caution due to potential bearish momentum and overbought conditions. The lack of earnings call and corporate events data did not impact the score.

LCNB Business Overview & Revenue Model

Company Description

LCNB Corp. is a financial services holding company headquartered in Lebanon, Ohio. It operates primarily through its subsidiary, LCNB National Bank, providing a wide range of banking and financial services. The company serves retail and commercial customers, offering products such as personal and business loans, deposits, mortgages, and various investment services. LCNB is committed to serving the needs of its communities in Ohio and surrounding areas, focusing on personal service and community involvement.

How the Company Makes Money

LCNB generates revenue through several key streams. Primarily, the company earns interest income from loans issued to individuals and businesses, which is one of its most significant revenue sources. This includes personal loans, commercial loans, and mortgages. Additionally, LCNB earns non-interest income through fees associated with various banking services such as account maintenance, ATM transactions, and wealth management services. Investment income also contributes to its revenue, derived from interest and dividends on securities held in its investment portfolio. The company has established partnerships with local businesses and community organizations, enhancing its service offerings and customer base, which further supports its earnings through increased loan demand and deposit growth.

LCNB Financial Statement Overview

Summary

LCNB shows strong financial performance across all verticals, with steady revenue and profit growth, effective cost management, and solid cash flow generation. The balance sheet is stable with manageable leverage, although the equity ratio could be improved. Cash flows are particularly strong, indicating excellent liquidity. This positions the company well for sustainable growth and resilience in the regional banking sector.

Income Statement

The company's income statement reveals a robust performance with consistent revenue growth. The TTM revenue growth rate stands at 1.48%, indicating steady expansion. Gross profit margin is strong at 65.10%, showing efficient cost management, while the net profit margin of 12.72% reflects solid profitability. Both EBIT and EBITDA margins support strong operational performance at 15.12% and 15.67%, respectively. Overall, the company demonstrates a healthy income statement with a positive growth trajectory.

Balance Sheet

LCNB's balance sheet shows a stable financial position. The debt-to-equity ratio is favorable at 0.43, suggesting prudent leverage levels. Return on equity (ROE) is strong at 6.26%, indicating effective use of equity to generate profits. An equity ratio of 11.24% implies a stable capital structure, although somewhat lower compared to industry averages. Overall, the balance sheet reflects good financial health with manageable debt levels and effective equity utilization.

Cash Flow

The cash flow statement highlights strong cash generation capabilities. The TTM free cash flow growth rate is impressive at 16.73%, supported by a high operating cash flow to net income ratio of 6.63, indicating efficient cash conversion. Free cash flow to net income ratio stands at 6.45, reflecting strong cash profitability. Overall, the cash flow metrics reveal robust liquidity and cash management, positioning the company well for future investments or debt reduction.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	127.41M	125.42M	95.01M	80.04M	75.99M	78.49M
Gross Profit	86.86M	79.24M	69.68M	75.08M	72.21M	68.92M
EBITDA	24.54M	16.57M	18.25M	29.69M	28.20M	26.39M
Net Income	21.18M	13.49M	12.63M	22.13M	20.97M	20.07M
Balance Sheet
Total Assets	2.31B	2.32B	2.29B	1.92B	1.90B	1.75B
Cash, Cash Equivalents and Short-Term Investments	303.10M	134.86M	316.32M	312.55M	326.31M	241.20M
Total Debt	111.40M	161.27M	216.78M	96.90M	16.47M	28.37M
Total Liabilities	2.04B	2.06B	2.06B	1.72B	1.67B	1.51B
Stockholders Equity	263.47M	253.04M	235.30M	200.68M	238.60M	240.82M
Cash Flow
Free Cash Flow	56.91M	89.44M	20.75M	27.83M	15.88M	10.89M
Operating Cash Flow	59.02M	93.24M	23.36M	28.71M	17.82M	13.68M
Investing Cash Flow	48.64M	61.39M	-60.41M	-48.38M	-175.22M	-80.05M
Financing Cash Flow	-92.75M	-158.61M	54.07M	24.23M	143.80M	77.34M

LCNB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.81
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LCNB, the sentiment is Positive. The current price of 14.81 is below the 20-day moving average (MA) of 14.84, below the 50-day MA of 15.36, and above the 200-day MA of 14.67, indicating a bullish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 58.99 is Neutral, neither overbought nor oversold. The STOCH value of 79.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LCNB.

LCNB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CBNA	78 Outperform	$204.84M	9.50	17.07%	―	―	―
CFFI	74 Outperform	$223.18M	8.52	10.88%	2.64%	8.53%	42.73%
LCNB	72 Outperform	$221.14M	9.36	8.98%	5.64%	5.07%	228.95%
FCCO	68 Neutral	$210.81M	11.45	30.22%	2.19%	11.59%	42.03%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
HWBK	66 Neutral	$208.49M	10.20	14.00%	2.58%	2.03%	390.32%
BPRN	57 Neutral	$207.97M	32.70	2.70%	3.89%	16.39%	-72.87%

LCNB Corporate Events

LCNB Reports Strong Q3 2025 Financial Results

On October 22, 2025, LCNB Corp. announced its financial results for the nine months ending September 30, 2025, showing a significant improvement in net earnings per share by 58.1% to $0.49 compared to the previous year. The company reported a net interest margin increase to 3.57% and a return on average assets above 1%, reflecting the positive impact of strategic balance sheet management and recent acquisitions. Despite a decrease in total assets and deposits, LCNB’s loan portfolio adjustments and growth in LCNB Wealth Management contributed to a 23.4% increase in fiduciary income. The company remains focused on sustainable growth and long-term shareholder value.

The most recent analyst rating on (LCNB) stock is a Buy with a $16.50 price target. To see the full list of analyst forecasts on LCNB stock, see the LCNB Stock Forecast page.

LCNB Announces Board Member Resignation

On October 15, 2025, LCNB Corp. announced the resignation of Robert A. Bedinghaus from its Board of Directors and the Trust Committee for personal and family reasons. His departure is not due to any disagreements with the company’s operations or policies. Bedinghaus, who joined the board in 2023 following a merger with Cincinnati Bancorp, has been acknowledged for his valuable contributions during a period of growth and development for LCNB.

The most recent analyst rating on (LCNB) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on LCNB stock, see the LCNB Stock Forecast page.

LCNB Announces Key Leadership Promotions for Growth

On October 8, 2025, LCNB Corp. announced a series of leadership promotions as part of its succession plan to support its strategic growth. Robert Haines II was promoted to President, Andrew Wallace to Chief Financial Officer, Patricia Walter to Chief Risk Officer, and Susan Kelley to SVP Chief Accounting Officer. These changes aim to enhance governance and accountability, reflecting LCNB’s growth and expansion, with total assets increasing by over $1 billion since December 2022. The promotions are intended to strengthen the company’s management depth and support its long-term strategic focus, positioning LCNB for continued growth and value delivery to its stakeholders.

The most recent analyst rating on (LCNB) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on LCNB stock, see the LCNB Stock Forecast page.

LCNB Corp. Reports Strong Q2 2025 Financial Results

LCNB Corp., a financial holding company based in Lebanon, Ohio, operates through its subsidiary, LCNB National Bank, providing a wide range of banking services to communities in Southwest and South-Central Ohio.

LCNB Announces Investor Meeting Materials Disclosure

LCNB Corp. has announced its intention to use certain materials in upcoming meetings with investors and analysts. The information provided in this announcement is not considered filed under the Securities and Exchange Act of 1934, nor is it subject to the liabilities of that section, unless specifically referenced in future filings.

The most recent analyst rating on (LCNB) stock is a Hold with a $16.25 price target. To see the full list of analyst forecasts on LCNB stock, see the LCNB Stock Forecast page.