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.
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 $0.20 per common share, marking a 5.3% increase compared to the previous year. This dividend will have a record date of December 1, 2021 and is payable on December 15, 2021. The company has a strong history of dividend payments, with a 3.5% compound annual growth rate since 1998. Additionally, LCNB repurchased 468,072 shares at an average cost of $16.82 per share in the first nine months of 2021.
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.
LCNB Corp. (Nasdaq: LCNB) announced a cash dividend of $0.19 per common share, with a record date of June 1, 2021 and payable on June 15, 2021. This dividend reflects the company's commitment to returning value to its shareholders. LCNB Corp. operates primarily through its subsidiary, LCNB National Bank, serving communities in Southwest and South Central Ohio with a variety of banking services.
LCNB Corp. reported a 4.3% increase in net income for Q1 2021, totaling $5.24 million compared to $5.03 million in Q1 2020. Earnings per share rose to $0.41 from $0.39. Total assets managed reached a record of over $3 billion, with fiduciary income growing by 38.6%. While net interest income increased 1.4% to $14.37 million, non-interest income fell 9.7% to $3.47 million. LCNB recorded a $52,000 credit for loan losses, a significant decrease from $1.17 million last year.