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. (NASDAQ: LCNB) is a financial holding company headquartered in Lebanon, Ohio, operating through its subsidiary LCNB National Bank. News about LCNB frequently centers on its role as a community-focused commercial bank serving Southwest and South-Central Ohio, and, in some disclosures, Northern Kentucky. The Bank highlights a long tradition of building strong relationships with customers and communities and offers services for personal and business banking needs, including checking, savings, online banking, lending, business support, deposit and treasury services, investment services, trust and IRAs, and stock purchases.
The LCNB news stream commonly features quarterly and annual financial results, where the company reports net income, net interest income, net interest margin, non-interest income, non-interest expense, and asset quality metrics. These releases often discuss factors affecting performance, such as loan originations and sales, changes in interest rates on loans and deposits, fiduciary income from wealth and trust services, and efficiency in operating expenses.
Investors following LCNB news will also see dividend announcements, as the Board of Directors periodically declares cash dividends on the company’s common shares, specifying record and payment dates and the dividend amount per share. In addition, LCNB issues news on leadership and governance developments, including promotions to roles such as President, Chief Financial Officer, Chief Risk Officer, and Chief Accounting Officer, as well as director resignations and related board matters.
Some news items discuss the impact of acquisitions, such as Eagle Financial Bancorp, Inc. and Cincinnati Bancorp, Inc., on LCNB’s balance sheet, assets managed, and expanded markets. For readers and investors, this news page provides a centralized view of LCNB’s financial performance, capital actions, regional banking activities, and corporate updates over time.
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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.
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.