LCNB (LCNB) AI Stock Analysis

• Market Cap: $239.75M
• Dividend Yield: 5.21%
• Average Volume (3M): 25.25K
• Price to Earnings (P/E): 9.9
• Beta (1Y): 0.52
• Revenue Growth: 5.07%
• EPS Growth: 228.39%
• Country: US
• Employees: 346
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.49
• 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: 1.23
• Enterprise Value/Revenue: 2.33
• Enterprise Value/Gross Profit: 3.28
• Enterprise Value/Ebitda: 10.15
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 1.65
• Revenue Forecast (FY): $90.90M

• Rating: 77 Outperform
• Price Target: $18.50 ▲(16.50% Upside)

LCNB's overall stock score is driven by strong corporate events and positive technical analysis, supported by attractive valuation metrics. While financial performance shows stability, challenges in revenue growth and profitability need addressing. The absence of earnings call data does not impact the score significantly due to the strength of other components.

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

LCNB demonstrates strong revenue growth and profitability with improved leverage and return on equity. However, the decline in free cash flow and cash conversion ratios could pose liquidity challenges. Overall, the company is on a positive trajectory but should focus on enhancing cash flow management.

Income Statement

LCNB has shown strong revenue growth with a TTM increase of 11.2%, indicating robust business expansion. The gross profit margin remains healthy at 68.18%, and the net profit margin has improved to 16.62% in the TTM, reflecting enhanced profitability. However, the EBIT and EBITDA margins have slightly decreased compared to previous years, suggesting potential cost pressures.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.42 in the TTM, indicating better leverage management. Return on equity has increased to 8.24%, showcasing improved efficiency in generating profits from shareholders' equity. However, the equity ratio remains stable, suggesting a balanced asset structure.

Cash Flow

LCNB's free cash flow has declined significantly by 45.47% in the TTM, which could be a concern for liquidity. The operating cash flow to net income ratio is low at 3.07%, indicating potential challenges in converting income into cash. However, the free cash flow to net income ratio remains strong at 96.44%, showing effective cash generation relative to net income.

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: Neutral
• Last Price: 15.88
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 16.56, above the 50-day MA of 15.67, and above the 200-day MA of 14.79, indicating a neutral trend. The MACD of 0.42 indicates Positive momentum. The RSI at 52.01 is Neutral, neither overbought nor oversold. The STOCH value of 24.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LCNB.

LCNB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LCNB	77 Outperform	$239.75M	9.94	8.97%	5.21%	5.07%	228.39%
FCCO	77 Outperform	$233.46M	12.51	12.21%	2.04%	11.59%	42.03%
HWBK	74 Outperform	$237.42M	10.35	14.27%	2.30%	0.16%	258.06%
BPRN	73 Outperform	$241.50M	13.88	6.73%	3.50%	12.92%	56.52%
CFFI	71 Outperform	$237.46M	8.92	10.89%	2.51%	8.53%	42.73%
CBNA	70 Outperform	$245.09M	12.41	13.91%	―	―	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

LCNB Corporate Events

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.

LCNB Reports Strong Q3 2025 Financial Results

On October 22, 2025, LCNB Corp. announced its financial results for the nine months ending September 30, 2025, showing a significant improvement in net earnings per share by 58.1% to $0.49 compared to the previous year. The company reported a net interest margin increase to 3.57% and a return on average assets above 1%, reflecting the positive impact of strategic balance sheet management and recent acquisitions. Despite a decrease in total assets and deposits, LCNB’s loan portfolio adjustments and growth in LCNB Wealth Management contributed to a 23.4% increase in fiduciary income. The company remains focused on sustainable growth and long-term shareholder value.

LCNB Announces Board Member Resignation

On October 15, 2025, LCNB Corp. announced the resignation of Robert A. Bedinghaus from its Board of Directors and the Trust Committee for personal and family reasons. His departure is not due to any disagreements with the company’s operations or policies. Bedinghaus, who joined the board in 2023 following a merger with Cincinnati Bancorp, has been acknowledged for his valuable contributions during a period of growth and development for LCNB.

LCNB Announces Key Leadership Promotions for Growth

On October 8, 2025, LCNB Corp. announced a series of leadership promotions as part of its succession plan to support its strategic growth. Robert Haines II was promoted to President, Andrew Wallace to Chief Financial Officer, Patricia Walter to Chief Risk Officer, and Susan Kelley to SVP Chief Accounting Officer. These changes aim to enhance governance and accountability, reflecting LCNB’s growth and expansion, with total assets increasing by over $1 billion since December 2022. The promotions are intended to strengthen the company’s management depth and support its long-term strategic focus, positioning LCNB for continued growth and value delivery to its stakeholders.