LCNB (LCNB) AI Stock Analysis

• Market Cap: $220.60M
• Dividend Yield: 5.66%
• Average Volume (3M): 24.23K
• Price to Earnings (P/E): 9.3
• Beta (1Y): 0.63
• 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: 20,941
• 30 Day Avg. Volume: 24,231
• 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: 1.34
• Enterprise Value/Revenue: 2.44
• Enterprise Value/Gross Profit: 4.45
• Enterprise Value/Ebitda: 10.79
• 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: 72 Outperform
• Price Target: $16.50 ▲(11.41% Upside)

LCNB's strong financial performance and attractive valuation are the primary strengths, contributing positively to the overall score. However, technical indicators suggest caution due to potential bearish momentum and overbought conditions. The lack of earnings call and corporate events data did not impact 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 generates revenue through several key streams. Primarily, the company earns interest income from loans issued to individuals and businesses, which is one of its most significant revenue sources. This includes personal loans, commercial loans, and mortgages. Additionally, LCNB earns non-interest income through fees associated with various banking services such as account maintenance, ATM transactions, and wealth management services. Investment income also contributes to its revenue, derived from interest and dividends on securities held in its investment portfolio. The company has established partnerships with local businesses and community organizations, enhancing its service offerings and customer base, which further supports its earnings through increased loan demand and deposit growth.

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	120.91M	125.42M	95.01M	80.04M	75.99M	78.49M
Gross Profit	66.15M	79.24M	69.68M	75.08M	72.21M	68.92M
EBITDA	27.32M	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	271.27M	134.86M	316.32M	312.55M	326.31M	241.20M
Total Debt	104.72M	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	61.40M	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: 14.81
• 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 14.81 is below the 20-day moving average (MA) of 15.19, below the 50-day MA of 15.36, and above the 200-day MA of 14.73, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 55.20 is Neutral, neither overbought nor oversold. The STOCH value of 63.86 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
CFFI	74 Outperform	$225.54M	8.61	10.89%	2.61%	8.53%	42.73%
LCNB	72 Outperform	$220.60M	9.34	8.97%	5.66%	5.07%	228.39%
BPRN	70 Outperform	$216.81M	12.50	6.73%	3.77%	12.92%	56.52%
CBNA	70 Outperform	$189.73M	10.19	13.91%	―	―	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FCCO	65 Neutral	$206.58M	11.24	12.21%	2.30%	11.59%	42.03%
HWBK	64 Neutral	$213.46M	9.69	14.27%	2.55%	0.16%	258.06%

LCNB Corporate Events

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.

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.

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.

The most recent analyst rating on (LCNB) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on LCNB stock, see the LCNB Stock Forecast page.

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.

The most recent analyst rating on (LCNB) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on LCNB stock, see the LCNB Stock Forecast page.

LCNB Corp. Reports Strong Q2 2025 Financial Results

LCNB Corp., a financial holding company based in Lebanon, Ohio, operates through its subsidiary, LCNB National Bank, providing a wide range of banking services to communities in Southwest and South-Central Ohio.