Lcnb Corp Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Lcnb Corp's revenue surged 31.9% year-over-year to $105.0M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Lcnb Corp carries a low D/E ratio of 0.61, meaning only $0.61 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.
Lcnb Corp converts 85.2% of revenue into free cash flow ($89.4M). This strong cash generation earns a score of 100/100.
Lcnb Corp generates a 5.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 21/100. This is down from 5.4% the prior year.
Lcnb Corp passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Lcnb Corp generates $6.91 in operating cash flow ($93.2M OCF vs $13.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Lcnb Corp (LCNB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Lcnb Corp generated $105.0M in revenue in fiscal year 2024. This represents an increase of 31.9% from the prior year.
Lcnb Corp generated $89.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 330.9% from the prior year.
Lcnb Corp reported $13.5M in net income in fiscal year 2024. This represents an increase of 6.8% from the prior year.
Lcnb Corp earned $0.97 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 11.8% from the prior year.
Lcnb Corp held $35.7M in cash against $155.2M in long-term debt as of fiscal year 2024.
Lcnb Corp paid $0.88 per share in dividends in fiscal year 2024. This represents an increase of 3.5% from the prior year.
Lcnb Corp had 14M shares outstanding in fiscal year 2024. This represents an increase of 7.2% from the prior year.
Lcnb Corp's net profit margin was 12.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 3.0 percentage points from the prior year.
Lcnb Corp's ROE was 5.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.0 percentage points from the prior year.
Lcnb Corp invested $3.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 45.7% from the prior year.
LCNB Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.3M+1.4% | $25.9M+2.5% | $25.3M-5.9% | $26.9M-0.3% | $27.0M+8.9% | $24.8M+6.2% | $23.3M+18.5% | $19.7M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $8.2M-2.6% | $8.4M-6.9% | $9.0M-11.4% | $10.2M-13.3% | $11.7M+8.1% | $10.9M+25.6% | $8.7M+41.9% | $6.1M |
| Income Tax | $1.5M+19.7% | $1.3M+41.8% | $906K-32.4% | $1.3M+6952.6% | $19K-93.9% | $312K+232.2% | -$236K-124.9% | $949K |
| Net Income | $6.9M+17.2% | $5.9M+28.4% | $4.6M-24.7% | $6.1M+561.6% | $925K-51.7% | $1.9M+753.6% | -$293K-107.2% | $4.1M |
| EPS (Diluted) | $0.49+19.5% | $0.41+24.2% | $0.33-25.0% | $0.44+528.6% | $0.07-53.3% | $0.15+350.0% | $-0.06-116.2% | $0.37 |
LCNB Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.2B-2.7% | $2.3B+0.2% | $2.3B-0.2% | $2.3B-2.7% | $2.4B+3.9% | $2.3B-0.4% | $2.3B+15.6% | $2.0B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $35.9M-28.0% | $49.8M+32.1% | $37.7M+5.4% | $35.7M+2.5% | $34.9M+5.8% | $33.0M-17.0% | $39.7M-8.5% | $43.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $90.3M0.0% | $90.3M0.0% | $90.3M0.0% | $90.3M-3.8% | $93.9M+18.1% | $79.6M+0.1% | $79.5M+34.3% | $59.2M |
| Total Liabilities | $2.0B-3.4% | $2.0B0.0% | $2.0B-0.5% | $2.1B-3.4% | $2.1B+3.7% | $2.0B-0.3% | $2.1B+15.5% | $1.8B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $104.7M-0.3% | $105.0M+0.3% | $104.6M-32.6% | $155.2M-4.3% | $162.2M-0.3% | $162.6M+43.8% | $113.1M+0.4% | $112.6M |
| Total Equity | $269.9M+2.4% | $263.5M+1.9% | $258.7M+2.2% | $253.0M+3.2% | $245.2M+4.9% | $233.7M-0.7% | $235.3M+16.9% | $201.3M |
| Retained Earnings | $149.4M+2.6% | $145.6M+2.0% | $142.8M+1.1% | $141.3M+3.2% | $136.9M-1.6% | $139.1M-0.7% | $140.0M-2.2% | $143.2M |
LCNB Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $14.0M+155.7% | $5.5M+147.2% | $2.2M-94.2% | $38.4M-30.1% | $54.9M+559.8% | -$11.9M-207.5% | $11.1M+112.0% | $5.2M |
| Capital Expenditures | $309K+31.5% | $235K+235.7% | $70K-81.3% | $375K-67.2% | $1.1M+33.2% | $858K-2.8% | $883K+44.0% | $613K |
| Free Cash Flow | $13.7M+161.2% | $5.2M+144.3% | $2.1M-94.4% | $38.0M-29.3% | $53.8M+520.0% | -$12.8M-225.2% | $10.2M+121.0% | $4.6M |
| Investing Cash Flow | $45.7M+295.4% | $11.6M+17.7% | $9.8M+4148.1% | $231K-98.9% | $21.3M+82.4% | $11.7M+178.6% | -$14.9M+17.6% | -$18.1M |
| Financing Cash Flow | -$73.6M-1398.3% | -$4.9M+51.4% | -$10.1M+76.1% | -$42.2M+43.2% | -$74.3M-1037.2% | -$6.5M-7612.6% | $87K-99.7% | $30.2M |
| Dividends Paid | $3.2M+1.4% | $3.1M+0.7% | $3.1M-2.1% | $3.2M+2.0% | $3.1M+7.3% | $2.9M-0.7% | $2.9M+26.7% | $2.3M |
| Share Buybacks | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
LCNB Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 26.4%+3.6pp | 22.8%+4.6pp | 18.2%-4.5pp | 22.8%+19.3pp | 3.4%-4.3pp | 7.7%+9.0pp | -1.3%-21.9pp | 20.7% |
| Return on Equity | 2.6%+0.3pp | 2.3%+0.5pp | 1.8%-0.6pp | 2.4%+2.0pp | 0.4%-0.4pp | 0.8% | N/A | 2.0% |
| Return on Assets | 0.3%+0.1pp | 0.3%+0.1pp | 0.2%-0.1pp | 0.3%+0.2pp | 0.0%-0.0pp | 0.1%+0.1pp | -0.0%-0.2pp | 0.2% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.39-0.0 | 0.400.0 | 0.40-0.2 | 0.61-0.0 | 0.66-0.0 | 0.70+0.2 | 0.48-0.1 | 0.56 |
| FCF Margin | 52.0%+31.8pp | 20.2%+11.7pp | 8.5%-132.8pp | 141.3%-58.1pp | 199.4%+251.1pp | -51.7%-95.6pp | 43.9%+20.3pp | 23.5% |
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Frequently Asked Questions
What is Lcnb Corp's annual revenue?
Lcnb Corp (LCNB) reported $105.0M in total revenue for fiscal year 2024. This represents a 31.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Lcnb Corp's revenue growing?
Lcnb Corp (LCNB) revenue grew by 31.9% year-over-year, from $79.6M to $105.0M in fiscal year 2024.
Is Lcnb Corp profitable?
Yes, Lcnb Corp (LCNB) reported a net income of $13.5M in fiscal year 2024, with a net profit margin of 12.8%.
What is Lcnb Corp's earnings per share (EPS)?
Lcnb Corp (LCNB) reported diluted earnings per share of $0.97 for fiscal year 2024. This represents a -11.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Lcnb Corp have?
As of fiscal year 2024, Lcnb Corp (LCNB) had $35.7M in cash and equivalents against $155.2M in long-term debt.
What is Lcnb Corp's net profit margin?
Lcnb Corp (LCNB) had a net profit margin of 12.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Lcnb Corp pay dividends?
Yes, Lcnb Corp (LCNB) paid $0.88 per share in dividends during fiscal year 2024.
What is Lcnb Corp's return on equity (ROE)?
Lcnb Corp (LCNB) has a return on equity of 5.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Lcnb Corp's free cash flow?
Lcnb Corp (LCNB) generated $89.4M in free cash flow during fiscal year 2024. This represents a 330.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Lcnb Corp's operating cash flow?
Lcnb Corp (LCNB) generated $93.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Lcnb Corp's total assets?
Lcnb Corp (LCNB) had $2.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Lcnb Corp's capital expenditures?
Lcnb Corp (LCNB) invested $3.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Lcnb Corp have outstanding?
Lcnb Corp (LCNB) had 14M shares outstanding as of fiscal year 2024.
What is Lcnb Corp's debt-to-equity ratio?
Lcnb Corp (LCNB) had a debt-to-equity ratio of 0.61 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lcnb Corp's return on assets (ROA)?
Lcnb Corp (LCNB) had a return on assets of 0.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Lcnb Corp's Piotroski F-Score?
Lcnb Corp (LCNB) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Lcnb Corp's earnings high quality?
Lcnb Corp (LCNB) has an earnings quality ratio of 6.91x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Lcnb Corp?
Lcnb Corp (LCNB) scores 77 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.