LCNB Reports Mixed First-Quarter 2026 Results, Wealth Grows

The latest announcement is out from LCNB ( (LCNB) ).

LCNB Corp., a Lebanon, Ohio-based financial holding company focused on community banking and wealth management in Southwest and South-Central Ohio, reported first-quarter 2026 results on April 22, 2026. The company’s operations span traditional lending and deposit services as well as a growing wealth management franchise that contributed to higher fiduciary income.

For the three months ended March 31, 2026, LCNB posted net income of $4.4 million, down slightly from $4.6 million a year earlier, as a sharp increase in provisions for credit losses offset record net interest income. Net interest margin expanded 58 basis points year over year to 3.83%, driving net interest income up 15.6% to $18.8 million and supporting a 34.1% rise in pre-tax, pre-provision income to $7.7 million.

The bank’s asset quality was impacted by two problem credits in the logistics sector, leading to $2.3 million in provision expense and $2.7 million in net charge-offs, yet nonperforming loans still fell to 0.20% of total loans and management noted limited exposure to that industry. LCNB increased its allowance for credit losses to $13.4 million, while book value per share rose 6.0% to $19.36 and tangible book value per share climbed 10.7% to $12.55, reflecting stronger retained earnings and improved securities valuations.

Total assets declined 2.8% year over year to $2.24 billion and deposits fell 4.3% to $1.84 billion as the bank deliberately reduced higher-cost time deposits as part of a funding optimization strategy. Net loans edged down 1.2% to $1.68 billion, but loan originations remained solid and LCNB continued to return capital via a quarterly dividend of $0.22 per share.

Wealth management was a key bright spot, with LCNB Wealth Management assets rising 12.5% to a record $1.57 billion and generating $2.5 million of fiduciary income in the quarter. Total assets under management across the organization reached $4.18 billion, supported by new accounts and higher market values, reinforcing LCNB’s strategic push to diversify revenue and deepen client relationships amid a fluid macroeconomic backdrop.

Spark’s Take on LCNB Stock

According to Spark, TipRanks’ AI Analyst, LCNB is a Neutral.

The score is driven primarily by improved 2025 profitability and balance-sheet leverage, offset by volatile cash flows and slightly negative revenue growth. Valuation is a meaningful positive (low P/E and high yield), while technical indicators remain mildly bearish and limit the near-term setup.

To see Spark’s full report on LCNB stock, click here.

More about LCNB

LCNB Corp. is a financial holding company headquartered in Lebanon, Ohio, operating through its subsidiary LCNB National Bank. The bank provides community banking and wealth management services to customers and communities in Southwest and South-Central Ohio, emphasizing relationship-based service across its regional branch network and advisory platforms.

Average Trading Volume: 27,582

Technical Sentiment Signal: Strong Buy

Current Market Cap: $240.6M

For detailed information about LCNB stock, go to TipRanks’ Stock Analysis page.