LCNB (LCNB) AI Stock Analysis

• Market Cap: $242.73M
• Dividend Yield: 5.32%
• Average Volume (3M): 25.25K
• Price to Earnings (P/E): 10.5
• Beta (1Y): 0.53
• Revenue Growth: 5.07%
• EPS Growth: 228.39%
• Country: US
• Employees: 346
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.40
• Shares Outstanding: 14,186,645
• 10 Day Avg. Volume: 35,438
• 30 Day Avg. Volume: 25,247
• 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: 1.31
• Enterprise Value/Revenue: 2.51
• Enterprise Value/Gross Profit: 3.54
• Enterprise Value/Ebitda: 10.96
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: $19.00 ▲(19.65% Upside)

The score is driven primarily by stable financial health (stronger cash flow and a solid balance sheet) and attractive valuation (low P/E and high dividend yield). Technicals add modest support with a mild uptrend but neutral momentum, while recent corporate news is broadly positive but includes a credit provisioning headwind.

Positive Factors

Leadership Promotions

The leadership promotions enhance governance and accountability, positioning LCNB for continued growth and value delivery, reflecting a strong management team.

Net Earnings Growth

Significant improvement in net earnings per share indicates effective strategic management and operational efficiency, supporting long-term profitability.

Cash Flow Management

Strong cash flow management reflects LCNB's ability to generate cash, ensuring financial stability and flexibility for future investments and growth.

Negative Factors

Revenue Growth Challenges

Negative revenue growth highlights potential issues in market reach or operational efficiency, which could impact long-term financial performance if not addressed.

Profit Margin Pressure

Decreasing net profit margins indicate challenges in maintaining profitability, which could affect the company's ability to sustain long-term growth.

Asset Utilization

Inefficient asset utilization can limit the company's ability to maximize returns on investments, potentially hindering growth and profitability.

LCNB Business Overview & Revenue Model

Company Description

LCNB Corp. is a financial holding company based in the United States, primarily engaged in providing a range of banking and financial services through its wholly owned subsidiary, LCNB National Bank. The company operates in the banking sector, offering services such as commercial and retail banking, mortgage lending, and wealth management. LCNB serves individual and business clients, focusing on delivering personalized financial solutions and fostering community relationships across its operating regions.

How the Company Makes Money

LCNB generates revenue primarily through interest income from loans, including commercial loans, consumer loans, and mortgages. The company earns interest on these loans as borrowers repay them, which constitutes a significant portion of its income. Additionally, LCNB generates non-interest income through various fees, such as service charges on deposit accounts, transaction fees, and wealth management services. The bank's strategic partnerships with local businesses and its commitment to community engagement also contribute to its customer base and revenue generation. Furthermore, investment in securities and other financial instruments provides additional income streams, enhancing the company's overall profitability.

LCNB Financial Statement Overview

Summary

Overall financials appear stable: cash flow is a relative strength (free cash flow growth and strong FCF-to-net income), and the balance sheet is solid with improving leverage and reasonable ROE. Offsetting this, the income statement shows weakening profitability and negative revenue growth, with declining EBIT/EBITDA margins.

Income Statement

The income statement shows a mixed performance. The gross profit margin is strong, indicating efficient cost management. However, the net profit margin has decreased over the TTM, reflecting challenges in maintaining profitability. Revenue growth has turned negative, suggesting potential market or operational challenges. The EBIT and EBITDA margins have also declined, indicating pressure on operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with a moderate debt-to-equity ratio, which has improved over the TTM. The return on equity is reasonable, showing effective use of equity to generate profits. The equity ratio indicates a solid capital structure, although there is room for improvement in asset utilization.

Cash Flow

Cash flow analysis reveals a positive trend in free cash flow growth, indicating improved cash generation capabilities. The operating cash flow to net income ratio is low, suggesting potential issues in converting income to cash. However, the free cash flow to net income ratio is strong, reflecting good cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	126.62M	125.42M	95.01M	80.04M	75.99M	78.49M
Gross Profit	89.77M	79.24M	69.68M	75.08M	72.21M	68.92M
EBITDA	29.02M	16.57M	18.25M	29.69M	28.20M	26.39M
Net Income	23.58M	13.49M	12.63M	22.13M	20.97M	20.07M
Balance Sheet
Total Assets	2.24B	2.31B	2.29B	1.92B	1.90B	1.75B
Cash, Cash Equivalents and Short-Term Investments	131.10M	134.86M	316.32M	312.55M	326.31M	241.20M
Total Debt	111.49M	161.27M	216.78M	96.90M	16.47M	28.37M
Total Liabilities	1.97B	2.05B	2.06B	1.72B	1.67B	1.51B
Stockholders Equity	269.87M	253.04M	235.30M	200.68M	238.60M	240.82M
Cash Flow
Free Cash Flow	60.79M	89.44M	20.75M	27.83M	15.88M	10.89M
Operating Cash Flow	61.78M	93.24M	23.36M	28.71M	17.82M	13.68M
Investing Cash Flow	65.50M	61.39M	-60.41M	-48.38M	-175.22M	-80.05M
Financing Cash Flow	-130.79M	-158.61M	54.07M	24.23M	143.80M	77.34M

LCNB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.88
• 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 15.88 is below the 20-day moving average (MA) of 16.79, below the 50-day MA of 16.55, and above the 200-day MA of 15.16, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 60.94 is Neutral, neither overbought nor oversold. The STOCH value of 71.05 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
LCNB	73 Outperform	$242.73M	10.50	8.97%	5.32%	5.07%	228.39%
CFFI	72 Outperform	$243.84M	9.08	10.89%	2.55%	8.53%	42.73%
BPRN	72 Outperform	$245.02M	13.37	6.73%	3.50%	12.92%	56.52%
CBNA	70 Outperform	$228.18M	12.03	13.91%	―	―	―
HWBK	69 Neutral	$244.25M	10.32	14.27%	2.39%	0.16%	258.06%
FCCO	68 Neutral	$225.46M	11.87	12.21%	2.07%	11.59%	42.03%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

LCNB Corporate Events

LCNB Corp Reports Record 2025 Earnings and Wealth Growth

On January 29, 2026, LCNB Corp. reported its financial results for the three and twelve months ended December 31, 2025, highlighting record annual net income of $23.1 million, a 1.02% return on average assets and a 13.6% year-over-year increase in tangible book value per share to $12.45, driven by stronger earnings and improved unrealized losses on its available-for-sale securities portfolio. The bank’s net interest income and margins expanded meaningfully year over year, while LCNB Wealth Management assets rose 12.9% to a record $1.56 billion, producing record fiduciary income of $9.5 million, even as total assets and deposits declined modestly due to strategic runoff of higher-cost funding. Asset quality metrics remained solid, with nonperforming loans falling to 0.14% of total loans and full-year net charge-offs at just 0.02% of average loans, although fourth-quarter earnings were tempered by a higher provision for credit losses tied largely to a fully reserved logistics loan. Shareholders’ equity and tangible shareholders’ equity increased significantly on the back of higher retained earnings and portfolio valuation improvements, and the company maintained a steady dividend payout of $0.88 per share for 2025 as it emphasized disciplined growth in lending, wealth management and credit quality going into 2026.

The most recent analyst rating on (LCNB) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on LCNB stock, see the LCNB Stock Forecast page.

LCNB Enhances Transparency with Investor Meetings

LCNB Corp. has announced its intention to utilize certain materials in upcoming meetings with investors and analysts. This move is part of their ongoing communication strategy, although the materials are not intended to be filed under the Securities and Exchange Act of 1934, indicating a focus on transparency without the regulatory implications of formal filings.

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.