LCNB Corporation (LCNB)
NASDAQ:LCNB
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LCNB
(NASDAQ:LCNB)
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Rating:66Neutral
Price Target:
$18.00
▲(13.35% Upside)
Action:DowngradedDate:03/12/26
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.
Positive Factors
Profitability Recovery
LCNB’s 2025 net income rebound to $23.1M and expanded net margin (18.6%) suggest the franchise can convert revenue into durable earnings. Strong 2025 profitability builds retained earnings, supports capital and dividends, and provides a buffer to absorb future credit or rate shocks.
Negative Factors
Weak/Flat Revenue Trend
A slight top-line decline signals limited organic growth momentum; with earnings driven largely by NII, sustained revenue softness constrains long-term profit expansion. Without durable loan or fee growth, earnings gains may prove cyclical rather than structural.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
LCNB’s 2025 net income rebound to $23.1M and expanded net margin (18.6%) suggest the franchise can convert revenue into durable earnings. Strong 2025 profitability builds retained earnings, supports capital and dividends, and provides a buffer to absorb future credit or rate shocks.
Read all positive factors
LCNB (LCNB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$224.39M
Dividend Yield5.32%
Average Volume (3M)25.25K
Price to Earnings (P/E)10.2
Beta (1Y)0.65
Revenue Growth5.07%
EPS Growth228.39%
CountryUS
Employees346
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.40
Shares Outstanding14,237,966
10 Day Avg. Volume35,438
30 Day Avg. Volume25,247
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.84
Price to Sales (P/S)1.86
P/FCF Ratio6.90
Enterprise Value/Market Cap1.44
Enterprise Value/Revenue2.60
Enterprise Value/Gross Profit3.60
Enterprise Value/Ebitda11.31
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.73
Revenue Forecast (FY)$95.80M
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, off...
How the Company Makes Money
LCNB primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is generated by earning interest on interest-earning assets—mainly loans (such as commercial, consumer, and real estate-related loans) and i...
LCNB Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
71
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 124.24M | 125.42M | 95.01M | 80.04M | 75.99M |
| Gross Profit | 89.78M | 79.24M | 69.68M | 75.08M | 72.21M |
| EBITDA | 28.15M | 16.57M | 18.25M | 29.69M | 28.20M |
| Net Income | 23.12M | 13.49M | 12.63M | 22.13M | 20.97M |
Balance Sheet | |||||
| Total Assets | 2.24B | 2.31B | 2.29B | 1.92B | 1.90B |
| Cash, Cash Equivalents and Short-Term Investments | 250.62M | 134.86M | 316.32M | 312.55M | 326.31M |
| Total Debt | 118.18M | 161.27M | 216.78M | 96.90M | 16.47M |
| Total Liabilities | 1.97B | 2.05B | 2.06B | 1.72B | 1.67B |
| Stockholders Equity | 273.93M | 253.04M | 235.30M | 200.68M | 238.60M |
Cash Flow | |||||
| Free Cash Flow | 33.44M | 89.44M | 20.75M | 27.83M | 15.88M |
| Operating Cash Flow | 34.40M | 93.24M | 23.36M | 28.71M | 17.82M |
| Investing Cash Flow | 52.05M | 61.39M | -60.41M | -48.38M | -175.22M |
| Financing Cash Flow | -100.58M | -158.61M | 54.07M | 24.23M | 143.80M |
LCNB Technical Analysis
Neutral
15.88
Price Trends
16.76
Negative
16.31
Negative
15.48
Positive
Market Momentum
-0.36
Positive
41.47
Neutral
56.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LCNB, the sentiment is Neutral. The current price of 15.88 is below the 20-day moving average (MA) of 16.39, below the 50-day MA of 16.76, and above the 200-day MA of 15.48, indicating a neutral trend. The MACD of -0.36 indicates Positive momentum. The RSI at 41.47 is Neutral, neither overbought nor oversold. The STOCH value of 56.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LCNB.
LCNB Risk Analysis
LCNB disclosed 27 risk factors in its most recent earnings report. LCNB reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LCNB Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $240.18M | 8.76 | 10.84% | 2.55% | 8.53% | 42.73% | |
68 Neutral | $227.69M | 10.24 | 14.66% | 2.39% | 0.16% | 258.06% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $231.56M | 12.73 | 6.98% | 3.50% | 12.92% | 56.52% | |
66 Neutral | $224.39M | 10.22 | 8.68% | 5.32% | 5.07% | 228.39% | |
66 Neutral | $231.68M | 10.63 | 4.99% | ― | ― | ― | |
53 Neutral | $269.42M | 11.84 | 12.11% | 2.07% | 11.59% | 42.03% |
* Financial Sector Average
LCNB
LCNB
15.76
1.58
11.12%
CFFI
C&F Financial
73.77
3.81
5.44%
FCCO
First Community
28.71
6.57
29.70%
HWBK
Hawthorn Bancshares
32.99
6.06
22.51%
BPRN
Bank of Princeton
34.11
4.22
14.12%
CBNA
Chain Bridge Bancorp, Inc. Class A
35.17
10.73
43.90%
LCNB Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
LCNB outlines Regulation FD investor presentation materials
Neutral
Feb 2, 2026
LCNB Corp. has notified investors that it plans to use materials furnished as Exhibit 99.1 in upcoming meetings with investors and analysts, signaling a coordinated investor-relations effort around its current disclosures. The company emphasized t...
Business Operations and StrategyDividendsFinancial Disclosures
LCNB Corp Reports Record 2025 Earnings and Wealth Growth
Positive
Jan 29, 2026
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...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.