Welcome to our dedicated page for LCNB Corporation news (Ticker: LCNB), a resource for investors and traders seeking the latest updates and insights on LCNB Corporation stock.
LCNB Corporation (Nasdaq: LCNB) is a financial holding company headquartered in Lebanon, Ohio. Through its primary subsidiary, LCNB National Bank (the “Bank”), the company provides a comprehensive range of commercial and personal banking services to communities in southwest and south-central Ohio. With a strong tradition of building lasting relationships, LCNB National Bank serves customers in Butler, Clermont, Clinton, Fayette, Hamilton, Montgomery, Preble, Ross, and Warren counties, offering tailored financial solutions to meet both personal and business needs.
Core Services and Offerings:
- Personal and Business Banking: From checking and savings accounts to online banking, LCNB National Bank provides essential financial tools for everyday banking needs.
- Loans: The bank offers a variety of personal and business lending options, including commercial loans, industrial loans, and consumer loans.
- Investment Services: Customers can access investment services, trust services, and Individual Retirement Accounts (IRAs) to plan and secure their financial futures.
- Additional Services: LCNB also provides safe deposit boxes, night depositories, cashier's checks, utility bill collections, and notary public services.
LCNB Corp. common shares trade on the Nasdaq Capital Market Exchange® under the symbol “LCNB”. The company has consistently demonstrated robust financial performance and a commitment to exceeding customer expectations through its array of products and services.
For the most current updates and detailed insights about LCNB Corp., visit their official website at www.lcnb.com.
LCNB Corp. (NASDAQ: LCNB) reported a stable first quarter for 2023, ending March 31 with a loan to deposit ratio of 86.97% and total nonperforming loans at a low 0.05% of total loans. Total earning assets reached a record $1.74 billion, a 1.4% increase year-over-year. The company’s first quarter earnings per share were $0.37, slightly down from $0.38 the previous year, with net income decreasing 8.1% to $4.2 million. Despite a 2.0% drop in net interest income to $13.9 million, LCNB’s non-interest income rose to $3.58 million. The bank's asset management saw growth, achieving $3.16 billion in total assets, reflecting a stable consumer base and increased fiduciary income.
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