LCNB (LCNB) AI Stock Analysis

• Market Cap: $212.79M
• Dividend Yield: 5.91%
• Average Volume (3M): 23.97K
• Price to Earnings (P/E): 13.1
• Beta (1Y): 0.39
• Revenue Growth: 24.45%
• EPS Growth: 25.77%
• Country: US
• Employees: 346
• Sector: Financial
• Sector Strength: 87
• Industry: Banks - Regional
• EPS (TTM): 1.14
• Shares Outstanding: 14,166,915
• 10 Day Avg. Volume: 18,612
• 30 Day Avg. Volume: 23,967
• PEG Ratio: 0.51
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.36
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 2.76
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $16.25
• Price Target Upside: 9.21% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

LCNB's overall stock score reflects a balance of strong revenue and cash flow growth with attractive valuation metrics. However, high leverage and low profit margins pose risks. While technical analysis suggests a lack of clear momentum, the positive corporate developments provide a favorable long-term outlook.

LCNB Business Overview & Revenue Model

Company Description

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides banking services in Ohio. Its deposit products include checking accounts, demand deposits, savings accounts, NOW and money market deposits, as well as certificates of deposit. The company's loan products comprise commercial and industrial, commercial and residential real estate, agricultural, construction, and small business administration loans; and residential mortgage loans that consists of loans for purchasing or refinancing personal residences, home equity lines of credit, and loans for commercial or consumer purposes secured by residential mortgages. It also offers consumer loans, such as automobile, recreational vehicles, boat, home improvement, and personal loans. In addition, the company provides trust administration, estate settlement, and fiduciary services; and investment management services for trusts, agency accounts, individual retirement accounts, and foundations/endowments. Further, it offers investment services and products, including financial needs analysis, mutual funds, securities trading, annuities, and life insurance; and security brokerage services. Additionally, the company provides safe deposit boxes, night depositories, cashier's checks, bank-by-mail, ATMs, cash and transaction services, debit cards, wire transfers, electronic funds transfer, utility bill collections, notary public service, cash management services, telephone banking, PC Internet banking, mobile banking, and other services for individuals and businesses. As of December 31, 2021, it operated 32 offices, including a main office in Warren County; branch offices in Warren, Butler, Clinton, Clermont, Fayette, Franklin, Hamilton, Montgomery, Preble, and Ross counties; and an operations center in Warren County, Ohio, as well as 37 ATMs. The company was founded in 1877 and is headquartered in Lebanon, Ohio.

How the Company Makes Money

LCNB Corp. generates revenue primarily through the interest income obtained from loans and securities. The company extends various types of loans, including commercial, residential mortgage, and consumer loans, which serve as a critical income stream. Additionally, LCNB earns money from non-interest income sources such as fees for banking services, trust and investment services, as well as transaction-based fees. The company's strategic focus on fostering customer relationships and expanding its service offerings in its operational regions further supports revenue growth. LCNB also benefits from partnerships with other financial service providers and local businesses, enhancing its community presence and customer engagement.

LCNB Financial Statement Overview

Summary

LCNB demonstrates strong revenue growth and effective cash flow management. However, profitability margins are underwhelming, and the balance sheet reflects high leverage, posing potential financial risks. Strategic focus on improving operational efficiency and reducing debt could enhance financial stability.

Income Statement

The company experienced a strong revenue growth of 50.8% from the previous year. However, net profit margin is relatively low at 12.8%, reflecting limited profitability. EBIT and EBITDA margins are also low, indicating constrained operational efficiency.

Balance Sheet

The debt-to-equity ratio is high, suggesting significant leverage which could pose financial risks. Equity ratio remains low at 5.9%, indicating limited buffer against liabilities. The ROE of 78.2% appears strong but may be influenced by the high leverage.

Cash Flow

The company shows a substantial improvement in free cash flow, growing by 415.4% year-over-year. Operating cash flow to net income ratio is robust, indicating effective cash conversion. However, high financing cash outflows may impact future liquidity.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
81.20M	69.68M	71.46M	69.51M	70.14M
	Gross Profit
105.02M	95.01M	71.46M	69.51M	70.14M
	EBIT
316.00K	30.42M	31.66M	25.59M	24.16M
	EBITDA
0.00	17.67M	29.32M	28.20M	26.39M
	Net Income Common Stockholders
13.49M	12.63M	22.13M	20.97M	20.07M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
14.69M	39.72M	312.55M	326.31M	241.20M
	Total Assets
293.29M	2.29B	1.92B	1.90B	1.75B
	Total Debt
61.96M	216.78M	96.90M	16.47M	28.37M
	Net Debt
52.49M	177.06M	74.20M	-1.66M	-3.36M
	Total Liabilities
276.05M	2.06B	1.72B	1.67B	1.51B
	Stockholders Equity
17.24M	235.30M	200.68M	238.60M	240.82M
Cash Flow		Free Cash Flow
93.24M	18.10M	24.36M	15.88M	10.89M
	Operating Cash Flow
93.24M	20.70M	25.24M	17.82M	13.68M
	Investing Cash Flow
61.39M	-57.75M	-44.91M	-175.22M	-80.05M
	Financing Cash Flow
-158.61M	54.07M	24.23M	143.80M	77.34M

LCNB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.88
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 14.88 is above the 20-day moving average (MA) of 14.26, above the 50-day MA of 14.58, and below the 200-day MA of 14.95, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 59.06 is Neutral, neither overbought nor oversold. The STOCH value of 90.17 is Negative, 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
BPRN	71 Outperform	$210.77M	18.59	4.43%	3.99%	10.64%	-56.22%
PWOD	67 Neutral	$222.52M	10.48	10.50%	4.34%	14.11%	29.41%
MBCN	66 Neutral	$209.55M	12.96	7.72%	3.08%	8.36%	-2.51%
CHMG	63 Neutral	$212.34M	9.35	10.65%	2.78%	6.05%	-9.27%
Sector *	63 Neutral	$12.46B	9.55	8.14%	17103.96%	12.70%	-4.66%
LCNB	60 Neutral	$212.79M	13.13	6.55%	5.91%	24.45%	25.77%
EVBN	60 Neutral	$214.07M	17.82	6.62%	3.39%	-6.85%	-51.70%

LCNB Corporate Events

LCNB Reports Strong Q1 2025 Financial Performance

On April 22, 2025, LCNB Corp. reported a significant improvement in its financial performance for the first quarter of 2025, with net earnings per share increasing by 120% year-over-year to $0.33. This growth was driven by successful acquisitions, balance sheet optimization, and strong operating performance. The company’s net interest margin reached its highest level in seven quarters at 3.25%, and LCNB Wealth Management assets hit a record $1.40 billion, contributing to a 9.7% increase in fiduciary income. The company continues to focus on strengthening its balance sheet and expanding its presence in Southwestern Ohio, despite the uncertain economic and geopolitical environment.

Spark’s Take on LCNB Stock

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

LCNB’s overall score reflects robust revenue and cash flow growth, supported by strategic acquisitions and balance sheet optimization. However, high leverage and low profitability margins weigh on the financial performance score. The stock’s technical indicators suggest a bearish trend, but the attractive valuation and positive corporate events provide some offsetting strengths.

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

LCNB Reports Strong Financial Growth and Strategic Expansion

LCNB Corp. reported significant financial growth for the year ending December 31, 2024, with net income for Q4 increasing by 41.9% compared to the previous year. This growth is attributed to successful acquisitions and strategic balance sheet optimizations. The company’s asset quality remained strong, with non-performing assets at 0.20%, and an increase in wealth management assets and fiduciary income was noted. LCNB’s expansion through its acquisitions and balance sheet improvements positions it for continued growth in 2025.