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. (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.
LCNB Corp. (NASDAQ: LCNB) has announced a cash dividend of
LCNB Corp. has appointed Takeitha W. Lawson to its Board of Directors, enhancing its commitment to strong corporate governance. Lawson brings significant experience in corporate finance and investor relations from her tenure at prominent companies, including Cincinnati Bell and Lockheed Martin. CEO Eric Meilstrup emphasized the importance of independent perspectives as LCNB aims for sustainable growth. With this addition, the Board now consists of eleven members, maintaining a majority of independent directors and a 25% diversity rate.
LCNB Corp. reported financial results for Q3 and YTD September 30, 2021, showcasing significant growth.
Wealth assets rose by 30.5% year-over-year to a record $1.03 billion. Total earning assets increased, contributing to a 13.3% rise in net income, totaling $4.82 million.
Earnings per diluted share surged 18.2% to $0.39. Net interest income grew 4.0% year-over-year to $14.07 million, while non-performing loans decreased by 37.2%.
LCNB Corp. (Nasdaq: LCNB) announced a cash dividend of $0.19 per common share, with a record date of September 1, 2021. Shareholders will receive the dividend on September 15, 2021. This decision reflects the company’s commitment to returning value to its shareholders. LCNB Corp. operates through LCNB National Bank, serving communities in Ohio and offering a variety of banking services, including personal and business lending, online banking, and investment services.
LCNB Corp. (NASDAQ: LCNB) reported record second-quarter earnings of $5.29 million for Q2 2021, up from $5.06 million last year, reflecting a strong asset quality and growth in managed assets. The company's earnings per share increased to $0.41 from $0.39. Non-interest income rose 30% to $4.31 million, driven by increased fiduciary income and deposit service charges. However, non-interest expenses increased by $1.09 million due to higher salaries and operational costs. LCNB's asset quality remains strong, with nonperforming assets at 0.18%, down from 0.23% a year ago.
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