LCNB (LCNB) AI Stock Analysis

• Market Cap: $221.44M
• Dividend Yield: 5.67%
• Average Volume (3M): 23.54K
• Price to Earnings (P/E): 10.4
• Beta (1Y): 0.56
• Revenue Growth: 14.84%
• EPS Growth: 170.41%
• Country: US
• Employees: 346
• Sector: Financial
• Sector Strength: 73
• Industry: Banks - Regional
• EPS (TTM): 0.41
• Shares Outstanding: 14,167,428
• 10 Day Avg. Volume: 20,534
• 30 Day Avg. Volume: 23,537
• PEG Ratio: 0.34
• Price to Book (P/B): 0.84
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.12
• Enterprise Value/Market Cap: 1.50
• Enterprise Value/Revenue: 0.69
• Enterprise Value/Gross Profit: 4.02
• Enterprise Value/Ebitda: 6.01
• 1Y Price Target: $15.50
• Price Target Upside: -0.13% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 78 Outperform
• Price Target: $18.00 ▲(15.98%Upside)

LCNB's overall stock score reflects its robust financial performance, positive technical indicators, and strong corporate event outcomes. Financial stability and cash flow strength are the primary drivers, supported by a fair valuation and high dividend yield. The recent corporate event highlights significant earnings growth, further bolstering the score.

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 makes money primarily through the interest income generated from its lending activities. This includes personal loans, commercial loans, and mortgages, where the bank earns interest from borrowers. Additionally, LCNB generates revenue from fees associated with its banking services, such as account maintenance fees, transaction fees, and overdraft charges. The bank also earns money through its trust and investment services by charging fees for managing assets and providing financial advice. LCNB's diversified revenue streams are supported by its strong local presence and community engagement, which help maintain a stable customer base and foster long-term relationships.

LCNB Financial Statement Overview

Summary

LCNB shows strong financial performance across all verticals, with steady revenue and profit growth, effective cost management, and solid cash flow generation. The balance sheet is stable with manageable leverage, although the equity ratio could be improved. Cash flows are particularly strong, indicating excellent liquidity. This positions the company well for sustainable growth and resilience in the regional banking sector.

Income Statement

The company's income statement reveals a robust performance with consistent revenue growth. The TTM revenue growth rate stands at 1.48%, indicating steady expansion. Gross profit margin is strong at 65.10%, showing efficient cost management, while the net profit margin of 12.72% reflects solid profitability. Both EBIT and EBITDA margins support strong operational performance at 15.12% and 15.67%, respectively. Overall, the company demonstrates a healthy income statement with a positive growth trajectory.

Balance Sheet

LCNB's balance sheet shows a stable financial position. The debt-to-equity ratio is favorable at 0.43, suggesting prudent leverage levels. Return on equity (ROE) is strong at 6.26%, indicating effective use of equity to generate profits. An equity ratio of 11.24% implies a stable capital structure, although somewhat lower compared to industry averages. Overall, the balance sheet reflects good financial health with manageable debt levels and effective equity utilization.

Cash Flow

The cash flow statement highlights strong cash generation capabilities. The TTM free cash flow growth rate is impressive at 16.73%, supported by a high operating cash flow to net income ratio of 6.63, indicating efficient cash conversion. Free cash flow to net income ratio stands at 6.45, reflecting strong cash profitability. Overall, the cash flow metrics reveal robust liquidity and cash management, positioning the company well for future investments or debt reduction.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	125.42M	95.01M	80.04M	75.99M	78.49M
Gross Profit	79.24M	69.68M	75.08M	72.21M	68.92M
EBITDA	16.57M	18.25M	29.69M	28.20M	26.39M
Net Income	13.49M	12.63M	22.13M	20.97M	20.07M
Balance Sheet
Total Assets	2.32B	2.29B	1.92B	1.90B	1.75B
Cash, Cash Equivalents and Short-Term Investments	134.86M	316.32M	312.55M	326.31M	241.20M
Total Debt	161.27M	216.78M	96.90M	16.47M	28.37M
Total Liabilities	2.06B	2.06B	1.72B	1.67B	1.51B
Stockholders Equity	253.04M	235.30M	200.68M	238.60M	240.82M
Cash Flow
Free Cash Flow	89.44M	20.75M	27.83M	15.88M	10.89M
Operating Cash Flow	93.24M	23.36M	28.71M	17.82M	13.68M
Investing Cash Flow	61.39M	-60.41M	-48.38M	-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: 15.52
• 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 15.52 is above the 20-day moving average (MA) of 15.25, above the 50-day MA of 14.78, and above the 200-day MA of 14.88, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 57.84 is Neutral, neither overbought nor oversold. The STOCH value of 94.12 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
MBCN	79 Outperform	$244.46M	14.19	8.60%	2.74%	7.42%	15.82%
LCNB	78 Outperform	$221.44M	10.44	8.29%	5.67%	14.84%	170.41%
CHMG	76 Outperform	$253.05M	22.45	5.14%	2.41%	-6.64%	-52.40%
PWOD	76 Outperform	$232.23M	11.28	10.50%	4.27%	14.11%	29.41%
BPRN	73 Outperform	$218.54M	33.45	2.70%	3.79%	16.39%	-72.87%
Sector *	68 Neutral	$17.10B	11.19	9.70%	3.58%	11.11%	-4.55%

LCNB Corporate Events

LCNB Announces Investor Meeting Materials Disclosure

LCNB Corp. has announced its intention to use certain materials in upcoming meetings with investors and analysts. The information provided in this announcement is not considered filed under the Securities and Exchange Act of 1934, nor is it subject to the liabilities of that section, unless specifically referenced in future filings.

The most recent analyst rating on (LCNB) stock is a Hold with a $16.25 price target. To see the full list of analyst forecasts on LCNB stock, see the LCNB Stock Forecast page.

LCNB Reports Strong Q2 2025 Financial Performance

On July 22, 2025, LCNB Corp. reported a significant improvement in its financial performance for the first half of 2025, with net earnings per share increasing by 24.2% in Q2 2025 compared to Q1 2025. The company’s net interest margin expanded to 3.47% from 2.86% a year earlier, driven by strategic balance sheet enhancements and stable interest rates. LCNB’s asset quality remained strong, and its non-interest income saw a notable rise due to gains from loan sales and increased fiduciary income. The company also benefited from recent acquisitions, which boosted its wealth and trust services. Despite a slight decrease in total assets and loans, LCNB’s shareholders’ equity grew, reflecting a robust financial position.

The most recent analyst rating on (LCNB) stock is a Hold with a $16.25 price target. To see the full list of analyst forecasts on LCNB stock, see the LCNB Stock Forecast page.

LCNB Shareholders Approve Key Decisions at Annual Meeting

On May 19, 2025, LCNB held its Annual Meeting of shareholders, where several key decisions were made. Shareholders elected four Class II directors, approved executive compensation, ratified Plante & Moran, PLLC as the accounting firm for 2025, and approved the 2025 Ownership Incentive Plan. However, a non-binding proposal for the sale of LCNB did not pass.

The most recent analyst rating on (LCNB) stock is a Hold with a $16.25 price target. To see the full list of analyst forecasts on LCNB stock, see the LCNB Stock Forecast page.