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LCNB Corporation reports developments tied to its role as a financial holding company for LCNB National Bank, which serves customers and communities in Southwest and South-Central Ohio. Company news commonly covers community banking results, net interest income and margin trends, loan growth, deposit and treasury services, credit-loss provisioning, asset quality, and book value measures.
Recurring updates also include common stock dividends, board and leadership changes, and activity in LCNB Wealth Management, including trust, investment services, fiduciary income, IRAs, and related customer services. The company’s banking disclosures reflect personal, business, and agricultural lending alongside checking, savings, online banking, and other commercial and retail banking services.
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.
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.