LCNB Q4 income falls

Overview

• Ohio financial firm's Q4 net income fell yr/yr; full-year net income rose significantly

• Tangible book value per share increased 13.6% yr/yr to $12.45

Outlook

• LCNB focuses on disciplined growth and stable asset quality for 2026

Result Drivers

• TANGIBLE BOOK VALUE - Increased 13.6% yr/yr due to strong earnings growth and improved unrealized losses on investment portfolio

• WEALTH MANAGEMENT GROWTH - Assets increased 12.9% yr/yr, driving record fiduciary income

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for LCNB Corp is $16.75, about 0.5% below its January 28 closing price of $16.84

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw5ssC4Ra

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