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. reported strong financial results for Q4 2020, with net income rising to $5.742 million, up from $4.830 million year-over-year. Earnings per share increased to $0.44 from $0.37. For the full year, net income reached $20.075 million, compared to $18.912 million in 2019, while EPS improved to $1.55 from $1.44. The efficiency ratio improved to 63.39%. The credit provision for loan losses rose to $2.014 million due to potential economic impacts from COVID-19, yet asset quality remained stable, with nonperforming loans at 0.29% of total loans.
LCNB Corp. (NASDAQ: LCNB) reported a third quarter 2020 net income of $4,250,000, down from $4,727,000 year-over-year. Earnings per share fell to $0.33 from $0.36. However, net income for the nine-month period increased to $14,333,000 compared to $14,082,000 last year, with EPS rising to $1.11 from $1.07. Core earnings before provisions and taxes rose 3.4% in Q3 and 12.4% year-to-date. Non-interest income surged 27.5%, largely due to strong residential mortgage demand. Despite asset stability, LCNB increased its loan loss allowance in response to COVID-19 uncertainties.