Welcome to our dedicated page for Lcnb news (Ticker: LCNB), a resource for investors and traders seeking the latest updates and insights on Lcnb stock.
LCNB Corp (LCNB), a trusted financial holding company serving Ohio communities since 1877, provides comprehensive banking solutions through its subsidiary LCNB National Bank. This dedicated news hub offers investors and stakeholders timely updates on corporate developments, financial performance, and community initiatives.
Access official press releases detailing quarterly earnings, leadership changes, and strategic partnerships alongside analysis of regulatory filings. Track updates on commercial lending programs, digital banking enhancements, and community reinvestment projects that reflect LCNB's commitment to relationship-based banking.
The curated collection includes essential updates on:
- Financial results and dividend declarations
- Branch network developments
- Product/service innovations
- Corporate governance changes
- Community outreach programs
Bookmark this page for convenient access to verified information about LCNB's operations in the competitive Midwest banking sector. Check regularly for updates that matter to personal and commercial banking customers, investors, and regional economic stakeholders.
LCNB Corp reported strong Q1 2025 financial results, with GAAP net earnings per share increasing 120% year-over-year to $0.33 per diluted share. Net income reached $4.6 million, up from $1.9 million in the previous year. The company's net interest margin expanded to 3.25%, marking the highest quarterly level in seven quarters.
Key highlights include a 7.4% year-over-year increase in LCNB Wealth Management assets to $1.40 billion, generating fiduciary income of $2.2 million (+9.7%). Total assets grew 0.9% to $2.30 billion, while net loans increased 3.6% to $1.71 billion. Deposits rose 3.4% to $1.92 billion.
Asset quality remained strong with non-performing assets to total assets at 0.21%. The company's recent acquisitions, including Eagle Financial Bancorp and Cincinnati Federal, are progressing well, with Eagle achieving positive tangible book value earn back ahead of schedule.
LCNB Corp. (Nasdaq: LCNB) has announced its first-quarter dividend for 2025. The company's Board of Directors has declared a cash dividend of $0.22 per common share. Shareholders of record as of March 3, 2025, will receive the dividend payment on March 17, 2025.
LCNB Corp reported strong financial results for Q4 2024, with GAAP net income improving 41.9% quarter-over-quarter to $0.44 per diluted share. The company's net income for Q4 2024 was $6.1 million, compared to a net loss of $(293,000) in the same period last year. For the full year 2024, net income reached $13.5 million.
Key highlights include a 15.1% year-over-year increase in LCNB Wealth Management assets to $1.38 billion, generating fiduciary income of $2.3 million in Q4. The company maintained strong asset quality with non-performing assets to total assets at 0.20%. Total assets increased 0.7% to $2.31 billion, while deposits grew 3.0% to $1.88 billion.
The company completed over $97 million in opportunistic asset sales during 2024, maintaining robust liquidity levels and improved net interest margin, which stood at 3.22% for Q4 2024 compared to 2.99% in Q4 2023.
LCNB Corp (Nasdaq: LCNB) has declared a quarterly cash dividend of $0.22 per common share. Shareholders of record as of December 2, 2024, will receive the dividend payment on December 16, 2024. This announcement represents the company's commitment to returning value to shareholders through regular dividend distributions.
LCNB Corp. reported strong financial results for Q3 2024, with net income improving 11.4% year-over-year to $4.5 million. Adjusted net income increased 9.1% year-over-year to $4.8 million. The company's performance reflects the benefits of recent acquisitions, including Eagle Financial Bancorp and Cincinnati Bancorp. Key highlights include:
- LCNB Wealth Management assets up 24.4% year-over-year to a record $1.37 billion
- Tangible book value increased from $10.08 to $10.97 per share
- Total assets increased 18.4% to $2.35 billion
- Net loans increased 17.7% to $1.71 billion
- Total deposits increased 18.6% to $1.92 billion
- Total assets managed reached a record $4.25 billion
The company remains focused on integrating acquisitions, improving efficiencies, and pursuing opportunistic asset sales to enhance its balance sheet.
LCNB Corp. (Nasdaq: LCNB) has declared a cash dividend of $0.22 per common share for the third quarter of 2024. The dividend has a record date of September 3, 2024, and will be payable to shareholders on September 16, 2024. This announcement demonstrates LCNB's commitment to providing regular returns to its shareholders, maintaining its dividend policy despite potential economic uncertainties. The consistency in dividend payments may be seen as a positive sign of the company's financial stability and confidence in its future performance.
LCNB Corp. (NASDAQ: LCNB) reported financial results for Q2 2024, showcasing the impact of recent acquisitions. Key highlights include:
- Record total assets of $2.37 billion, up 21.6% year-over-year
- Net income of $0.9 million, or $0.07 per diluted share
- Adjusted net income of $4.1 million, or $0.29 per diluted share
- Net interest margin increased to 2.86%, up 14 basis points from Q1 2024
- Non-interest income grew 11.9% year-over-year to $4.1 million
- Total deposits increased 21.7% to $1.94 billion
- Record total assets managed of $4.21 billion
The company expects year-over-year earnings growth to reaccelerate in Q4 2024, driven by integration efforts, asset quality, and balance sheet strengthening initiatives.
LCNB Corp. (Nasdaq: LCNB) has announced the retirement of Matthew P. Layer, EVP and Chief Lending Officer, effective September 30, 2024. Layer has been with LCNB since 1982, contributing to the company's growth and success over 42 years. During his tenure, LCNB's loan portfolio expanded from $31 million to over $1.6 billion.
As part of the company's succession plan, Jeff D. Meeker, currently SVP and Chief Credit Officer, will assume the role of EVP and Chief Lending Officer upon Layer's retirement. Meeker, who joined LCNB in 2013, brings 38 years of banking experience and has held various leadership positions within the company.
LCNB Corp. announced that its Board of Directors declared a cash dividend of $0.22 per common share.
The dividend will have a record date of June 3, 2024, and will be payable on June 17, 2024.
LCNB Corp. reported financial results for the three months ended March 31, 2024, indicating a 9.7% increase in non-interest income, growth in cash and cash equivalents, and a decrease in debt and equity securities. The acquisition of Eagle Financial Bancorp, Inc. was successfully completed. Management foresees earnings growth reaccelerating in the fourth quarter of 2024. Net income for the first quarter was $1.9 million, with adjusted net income at $2.6 million. Net interest income remained stable, but non-interest income increased to $3.9 million. Total assets, net loans, and total deposits also saw significant growth.
