LCNB earnings analysis
What we found in LCNB's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
LCNB Corporation reported better-than-expected revenue of $23.54 million for Q1 2026, surpassing estimates by 17.7%, while EPS of $0.31 fell short of estimates by 11.4%. The company experienced a year-over-year revenue increase, but declining trends in gross and operating margins were noted alongside an increase in provisions for credit losses.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Exceeds Expectations
- Actual revenue of $23.54 million surpassed estimates by 17.7%, compared to $31 million in Q4 2025.
- EPS Misses Consensus
- Reported diluted EPS of $0.31 missed the consensus estimate of $0.35 by $0.04.
- Year-over-Year Growth
- Revenue increased year-over-year, improving from $20 million in Q1 2025.
- Stable Gross Margin
- Gross margin remains high at 70.5% despite a decline from the previous quarter's 74.5%.
- Provision for Credit Losses
- Provision for credit losses rose to $2.3 million, impacting net income.
- Liquidity Management Improved
- Total remaining borrowing capacity with FHLB increased to approximately $154.1 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Higher Credit Loss Provisions
- Provision for credit losses increased to $2.3 million, raising concerns over asset quality.
- Decline in Operating Margin
- Operating margin declined significantly to 18.1% from 22.6% in Q4 2025.
- EPS Misses Consensus Estimates
- EPS reported at $0.31 fell short by 11.4%, raising concerns over earnings sustainability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.31
- Gross margin
- 70.5%
- Operating margin
- 18.1%
What they said about what is next.
No numeric guidance provided for FY2026; management remains optimistic about profitability.
The filing reads about the same as the one before it.
What came before.
- 10-K · March 11, 2026
- LCNB positions itself as a community bank focused on Southwestern and South Central Ohio and Northern Kentucky with a strategy emphasizing personal service, local presence and technology investment (35 offices and 34…
- 10-Q · November 5, 2025
- LCNB reported Q3 2025 net income of $6.94M (diluted EPS $0.49) on total revenue of $23.83M, beating expectations and showing strong margin expansion versus Q3 2024. Net interest income rose to $18.13M while provision…
- 10-Q · August 6, 2025
- LCNB reported a strong Q2 with total revenue of $22,789,000 (net interest income $17,541,000 + noninterest income $5,248,000), up from $19,297,000 in Q2 2024 (+$3,492,000, +18.1%). Net income rose to $5,919,000 and…
- 10-Q · May 7, 2025
- LCNB reported materially higher total revenue year-over-year driven by net interest income and fee income, with net income of $4,609 (thousands) and diluted EPS of $0.33 for Q1 2025. Deposits increased by $43,357 (to…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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