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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) announced a new share repurchase program, authorizing the repurchase of up to 500,000 shares. Since 2020, the company has repurchased approximately 1.85 million shares, reducing its shares outstanding by 14.3%. Over this period, LCNB increased its annual dividend by 11%, now at $0.81 per share, demonstrating robust financial health. The new program replaces the previous one from May 2022. The repurchase strategy will be influenced by share price and market conditions, but the company retains the discretion to halt the program at any time.
LCNB Corp. has reported record financial results for 2022, with total assets reaching $1.92 billion and net income increasing by 5.5% year-over-year to $22.1 million. Diluted earnings per share rose 16.3% to a record $1.93. The company experienced strong loan growth, with net loans increasing 2.3% to $1.40 billion. Despite a decrease in total deposits by 1.5% due to competition and seasonal trends, the net interest margin expanded to 3.55%. Additionally, LCNB returned capital to shareholders through a dividend increase to $0.81 per share and a share repurchase program totaling $23.66 million.
LCNB Corp. (Nasdaq: LCNB) declared a cash dividend of $0.21 per common share, marking a 5.0% increase from last year. The record date for this dividend is set for March 1, 2023, with payment scheduled for March 15, 2023. This move highlights the company's commitment to returning value to shareholders amidst its ongoing operations in Southwest and South-Central Ohio through LCNB National Bank, which offers a wide range of banking services.
LCNB Corp. reported strong financial results for Q3 2022, with net income rising 15.8% to $5.58 million and earnings per diluted share reaching a record $0.49, a 25.6% increase year-over-year. The company maintained excellent credit quality, with total nonperforming loans declining to just $0.5 million, or 0.03% of total loans. Net interest income increased to $15.44 million, driven by loan portfolio growth. Total assets grew to $1.90 billion, and total deposits rose 3.4% to $1.66 billion. A dividend of $0.20 per share was declared, reflecting a 5.3% increase from the previous year.
LCNB Corp. (NASDAQ: LCNB) declared a cash dividend of $0.20 per common share, with a record date of September 1, 2022, and a payment date of September 15, 2022. This announcement underscores the company's commitment to return value to its shareholders, reflecting financial stability in the current economic landscape.
LCNB Corp. (NASDAQ: LCNB) announced strong financial results for Q2 2022 with net income of $5.62 million, a 6.2% increase year-over-year. Earnings per share reached $0.49, a record high, supported by a 5.6% growth in net interest income to $15.17 million. Total loans increased 4.2% to $1.37 billion and total deposits rose 5.2% to $1.66 billion. Despite a decrease in non-interest income by 18.2%, credit quality remains solid, with nonperforming loans dropping to just 0.04% of total loans. The firm continues its share repurchase program and increased dividends by 5.3%.
LCNB Corp. has declared a cash dividend of $0.20 per common share. The record date for this dividend is June 1, 2022, and it will be payable to shareholders on June 15, 2022. This announcement reflects the company's commitment to returning value to its shareholders. The firm operates through its subsidiary, LCNB National Bank, serving customers in Southwest and South-Central Ohio.
LCNB Corp. (NASDAQ: LCNB) reported a 13.7% decline in net income for Q1 2022, totaling $4.5 million or $0.38 per diluted share, down from $5.2 million or $0.41 per share year-over-year. Despite this decline, the company achieved record highs in loans at $1.37 billion and total deposits at $1.64 billion, with loans increasing 3.4% and deposits rising 6.5% year-over-year. Total assets also increased 4.5% to $1.90 billion. The bank maintained strong asset quality, with nonperforming loans down to 0.11% of total loans.
LCNB Corp. (Nasdaq: LCNB) has declared a cash dividend of $0.20 per common share, marking a 5.3% increase compared to the previous year. The record date for this dividend is March 1, 2022, with payment scheduled for March 15, 2022. This move demonstrates LCNB's commitment to returning value to its shareholders amidst its ongoing financial operations across southwestern and south-central Ohio through LCNB National Bank.
LCNB Corp. reported a record total assets increase of 9.0% to $1.90 billion and wealth management assets up 14.7% year-over-year to $1.06 billion for 2021. Net income rose 4.5% to $20.97 million, with diluted EPS increasing 7.1% to $1.66. The company returned $18.03 million to shareholders through stock repurchases and dividends. Despite a 2.0% decline in Q4 net income compared to last year, LCNB's asset quality improved, reflected in a significant reduction in nonperforming loans.
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