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LCNB
(NASDAQ:LCNB)
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Rating:75Outperform
Price Target:
$22.50
▲(16.34% Upside)
Action:Reiterated
Date:08/19/26
Overall score is driven primarily by improving financial performance (rebounding margins, better leverage, solid cash conversion) and an attractive valuation (low P/E with a strong dividend yield). Technicals are supportive with a clear uptrend, while corporate events are modestly positive but partly offset by added funding cost from the new subordinated debt.
Positive Factors
Rebounding Profitability
The strong TTM recovery indicates improved revenue generation and operating performance. If better spreads and expense control persist, LCNB could sustain stronger earnings than during the weaker 2023–2024 period.
Negative Factors
Margin Volatility
The sharp movement in margins across recent periods shows that earnings remain sensitive to interest spreads, funding costs and operating conditions. This limits confidence that the current profitability rebound will be fully sustained.
Read all positive and negative factors
Positive Factors
Negative Factors
Rebounding Profitability
The strong TTM recovery indicates improved revenue generation and operating performance. If better spreads and expense control persist, LCNB could sustain stronger earnings than during the weaker 2023–2024 period.
Read all positive factors
LCNB (LCNB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$278.40M
Dividend Yield4.51%
Average Volume (3M)41.66K
Price to Earnings (P/E)11.3
Beta (1Y)0.57
Revenue Growth-2.20%
EPS Growth15.53%
CountryUS
Employees346
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.73
Shares Outstanding14,254,988
10 Day Avg. Volume29,864
30 Day Avg. Volume41,658
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.84
Price to Sales (P/S)1.86
P/FCF Ratio6.90
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.8
Revenue Forecast (FY)$98.10M
LCNB Business Overview & Revenue Model
Company Description
LCNB Corp. functions as the parent entity of LCNB National Bank, delivering comprehensive banking solutions across Ohio. The bank offers a variety of deposit options, such as checking, demand, savings, NOW, and money market accounts, alongside cer...
How the Company Makes Money
LCNB primarily earns money through (1) net interest income and (2) noninterest income. Net interest income is generated by collecting interest on interest-earning assets—primarily loans (such as commercial loans, consumer loans, and residential re...
LCNB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 124.61M | 124.24M | 125.42M | 95.01M | 80.04M | 75.99M |
| Gross Profit | 92.03M | 89.78M | 79.24M | 69.68M | 75.08M | 72.21M |
| EBITDA | 32.57M | 28.82M | 16.57M | 18.25M | 29.69M | 28.20M |
| Net Income | 24.53M | 23.12M | 13.49M | 12.63M | 22.13M | 20.97M |
Balance Sheet | ||||||
| Total Assets | 2.22B | 2.24B | 2.31B | 2.29B | 1.92B | 1.90B |
| Cash, Cash Equivalents and Short-Term Investments | 234.93M | 250.62M | 134.86M | 316.32M | 312.55M | 326.31M |
| Total Debt | 103.84M | 118.18M | 161.27M | 216.78M | 96.90M | 16.47M |
| Total Liabilities | 1.94B | 1.97B | 2.05B | 2.06B | 1.72B | 1.67B |
| Stockholders Equity | 280.62M | 273.93M | 253.04M | 235.30M | 200.68M | 238.60M |
Cash Flow | ||||||
| Free Cash Flow | 36.26M | 33.44M | 89.44M | 20.75M | 27.83M | 15.88M |
| Operating Cash Flow | 38.61M | 34.40M | 93.24M | 23.36M | 28.71M | 17.82M |
| Investing Cash Flow | 49.80M | 52.05M | 61.39M | -60.41M | -48.38M | -175.22M |
| Financing Cash Flow | -113.33M | -100.58M | -158.61M | 54.07M | 24.23M | 143.80M |
LCNB Technical Analysis
Positive
19.34
Price Trends
19.01
Positive
17.64
Positive
16.86
Positive
Market Momentum
0.01
Positive
54.49
Neutral
50.32
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 19.34 is below the 20-day moving average (MA) of 19.36, above the 50-day MA of 19.01, and above the 200-day MA of 16.86, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 54.49 is Neutral, neither overbought nor oversold. The STOCH value of 50.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LCNB.
LCNB Risk Analysis
LCNB disclosed 27 risk factors in its most recent earnings report. LCNB reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LCNB Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $312.38M | 11.72 | 15.42% | ― | 14.46% | 23.69% | |
76 Outperform | $276.65M | 10.49 | 15.15% | 2.05% | 4.90% | 24.16% | |
75 Outperform | $278.40M | 11.29 | 8.92% | 4.51% | -2.20% | 15.53% | |
75 Outperform | $296.58M | 11.43 | 9.48% | 3.22% | -2.70% | 296.51% | |
74 Outperform | $308.55M | 10.58 | 10.99% | 1.98% | 8.95% | 18.66% | |
73 Outperform | $324.85M | 12.71 | 11.89% | 1.88% | 15.68% | 20.07% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
LCNB
LCNB
19.53
4.33
28.51%
CFFI
C&F Financial
94.89
25.72
37.19%
FCCO
First Community
34.56
7.48
27.63%
HWBK
Hawthorn Bancshares
40.09
9.03
29.08%
BPRN
Bank of Princeton
43.53
11.72
36.85%
CBNA
Chain Bridge Bancorp, Inc. Class A
47.57
16.46
52.91%
LCNB Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
LCNB Adds Experienced Director, Updates Executive Change-in-Control Agreements
Positive
Aug 19, 2026
On August 18, 2026, LCNB Corp., the NASDAQ-listed holding company for LCNB National Bank, appointed veteran banking and legal executive Susan B. Zaunbrecher to the boards of both the company and its bank subsidiary. Zaunbrecher, formerly Chief Leg...
Business Operations and StrategyPrivate Placements and Financing
LCNB Corp Completes $25 Million Subordinated Notes Offering
Positive
Aug 7, 2026
LCNB Corp. is a financial holding company headquartered in Lebanon, Ohio, that operates LCNB National Bank across Southwest and South-Central Ohio, offering a broad range of personal and business banking services. Its portfolio spans checking and ...
Business Operations and StrategyRegulatory Filings and Compliance
LCNB Highlights Investor Presentation Under Regulation FD Disclosure
Neutral
Aug 7, 2026
LCNB Corp. disclosed that it plans to use materials identified as Exhibit 99.1 in upcoming meetings with investors and analysts, signaling a continued focus on structured communication with the investment community. The company clarified that the ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.