LCNB (LCNB) AI Stock Analysis

• Market Cap: $219.74M
• Dividend Yield: 5.78%
• Average Volume (3M): 19.30K
• Price to Earnings (P/E): 13.6
• Beta (1Y): 0.57
• Revenue Growth: 24.45%
• EPS Growth: 25.55%
• Country: US
• Employees: 346
• Sector: Financial
• Sector Strength: 82
• Industry: Banks - Regional
• EPS (TTM): 0.33
• Shares Outstanding: 14,167,428
• 10 Day Avg. Volume: 30,544
• 30 Day Avg. Volume: 19,300
• PEG Ratio: 0.66
• Price to Book (P/B): 0.77
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 1.92
• Enterprise Value/Market Cap: 1.24
• Enterprise Value/Revenue: 0.57
• Enterprise Value/Gross Profit: 3.30
• Enterprise Value/Ebitda: 4.93
• 1Y Price Target: $16.25
• Price Target Upside: 6.77% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 78 Outperform
• Price Target: $16.50 ▲(8.41%Upside)

LCNB's overall stock score is driven by its strong financial performance, robust cash flow generation, and positive impact of recent corporate events. The valuation is attractive due to a reasonable P/E ratio and high dividend yield, while technical analysis indicates a neutral market position. The absence of earnings call data did not significantly affect 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 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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	127.27M	125.42M	95.01M	80.04M	75.99M	78.49M
Gross Profit	82.86M	79.24M	69.68M	75.08M	72.21M	68.92M
EBITDA	19.94M	16.57M	18.25M	29.69M	28.20M	26.39M
Net Income	16.19M	13.49M	12.63M	22.13M	20.97M	20.07M
Balance Sheet
Total Assets	2.30B	2.32B	2.29B	1.92B	1.90B	1.75B
Cash, Cash Equivalents and Short-Term Investments	132.05M	134.86M	316.32M	312.55M	326.31M	241.20M
Total Debt	110.94M	161.27M	216.78M	96.90M	16.47M	28.37M
Total Liabilities	2.04B	2.06B	2.06B	1.72B	1.67B	1.51B
Stockholders Equity	258.65M	253.04M	235.30M	200.68M	238.60M	240.82M
Cash Flow
Free Cash Flow	104.38M	89.44M	20.75M	27.83M	15.88M	10.89M
Operating Cash Flow	107.39M	93.24M	23.36M	28.71M	17.82M	13.68M
Investing Cash Flow	59.50M	61.39M	-60.41M	-48.38M	-175.22M	-80.05M
Financing Cash Flow	-162.17M	-158.61M	54.07M	24.23M	143.80M	77.34M

LCNB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.22
• 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 15.22 is above the 20-day moving average (MA) of 14.53, above the 50-day MA of 14.53, and above the 200-day MA of 14.82, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 63.74 is Neutral, neither overbought nor oversold. The STOCH value of 96.43 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	$258.60M	15.99	7.72%	2.72%	8.36%	-2.51%
LCNB	78 Outperform	$219.74M	13.58	6.54%	5.78%	24.45%	25.55%
PWOD	76 Outperform	$245.18M	11.53	10.50%	4.04%	14.11%	29.41%
CHMG	71 Outperform	$241.55M	10.64	10.65%	2.56%	6.05%	-9.27%
BPRN	68 Neutral	$221.87M	19.51	4.43%	3.75%	10.64%	-56.22%
Sector *	67 Neutral	$17.01B	11.90	9.70%	3.76%	11.63%	-9.47%
EVBN	60 Neutral	$220.08M	18.32	6.62%	3.34%	-6.85%	-51.70%

LCNB Corporate Events

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.

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.