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…
Earnings analysis · 10-Q
LCNB earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.31
What stood out
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Revenue Exceeds Expectations
Actual revenue of $23.54 million surpassed estimates by 17.7%, compared to $31 million in Q4 2025.
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EPS Misses Consensus
Reported diluted EPS of $0.31 missed the consensus estimate of $0.35 by $0.04.
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Year-over-Year Growth
Revenue increased year-over-year, improving from $20 million in Q1 2025.
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Stable Gross Margin
Gross margin remains high at 70.5% despite a decline from the previous quarter's 74.5%.
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Provision for Credit Losses
Provision for credit losses rose to $2.3 million, impacting net income.
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Liquidity Management Improved
Total remaining borrowing capacity with FHLB increased to approximately $154.1 million.
What to watch
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Higher Credit Loss Provisions
Provision for credit losses increased to $2.3 million, raising concerns over asset quality.
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Decline in Operating Margin
Operating margin declined significantly to 18.1% from 22.6% in Q4 2025.
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EPS Misses Consensus Estimates
EPS reported at $0.31 fell short by 11.4%, raising concerns over earnings sustainability.
Management's outlook
No numeric guidance provided for FY2026; management remains optimistic about profitability.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.