LCNB Corp. reports Q2 EPS 41c vs 7c last year

Commenting on the financial results, LCNB President and Chief Executive Officer, Eric Meilstrup said, “LCNB delivered a strong second quarter, reflecting continued momentum across our core operations and the success of our multi-year growth strategies. Second-quarter net interest margin expanded year-over-year by 61 basis points as a result of prior actions to strengthen our balance sheet, recent loan originations, and a stable interest rate environment. Noninterest income was also solid, asset quality remains strong, and we continue to manage operating expenses. These factors contributed to strong net income, driving our return on assets above 1% for the quarter.”