Welcome to our dedicated page for LCNB Corporation news (Ticker: LCNB), a resource for investors and traders seeking the latest updates and insights on LCNB Corporation stock.
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) 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.
LCNB Corp. (Nasdaq: LCNB) has declared a cash dividend of $0.19 per common share. The dividend is scheduled with a record date of March 1, 2021 and will be paid to shareholders on March 15, 2021. This decision reflects the company's commitment to returning value to its shareholders and maintaining a strong financial position.