LCNBNasdaqNational Commercial BanksFiscal year ends December 31
LCNB CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$18.98+0.10 (+0.53%)
Close on Oct 19, 2026
- Market cap
- $268.72M
- P/E (TTM)
- 11.0
- Dividend yield
- 4.64%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
25.1%−2.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +13.3% | +6.9% | +5.0% | +6.4% | |
| Net income | +71.4% | +1.5% | +2.9% | +7.3% | |
| EPS, diluted | +68.0% | -5.5% | +1.0% | +3.4% | |
| Free cash flow | -62.6% | +6.3% | +25.2% | +10.1% | |
| Dividend per share | 0.0% | +2.8% | +3.8% | +3.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.8% | 8.6% | 8.8% | |
| Return on assets | 1.0% | 1.2% | 1.0% | |
| Capex to revenue | 18.5% | 3.9% | 1.0% | |
| Diluted shares | 10M | 13M | 14M |
Where the cash went
Fiscal 2021 to 2025, five years combined
LCNB generated $197.53M from operations and spent $99.02M on capital expenditure, dividends and share buybacks. 10% of that went back into the business.
Generated
$197.53M
Used
$99.02M
Capital expenditure$10.19M10%Dividends$53.54M54%Share buybacks$35.30M36%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin25.1%
×Asset turnover0.04×
×Equity multiplier8.63×
=Return on equity, FY20258.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 25.1% | 0.04× | 8.63× | 8.8% |
| FY2024 | 16.6% | 0.04× | 9.42× | 5.5% |
| FY2023 | 17.6% | 0.03× | 9.66× | 5.8% |
| FY2022 | 29.4% | 0.04× | 8.70× | 10.1% |
| FY2021 | 28.6% | 0.04× | 7.61× | 8.7% |
| FY2020 | 27.9% | 0.04× | 7.22× | 8.6% |
| FY2019 | 28.3% | 0.04× | 7.33× | 8.5% |
| FY2018 | 25.1% | 0.04× | 7.94× | 8.0% |
| FY2017 | 25.3% | 0.04× | 8.88× | 8.8% |
| FY2016 | 24.4% | 0.04× | 9.14× | 8.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$23.12M
- Cash generatingOperating cash flow above zero$34.40M
- Return on assets improvedROA up on the prior year0.6% → 1.0%
- Earnings backed by cashOperating cash flow above net income$34.40M vs $23.12M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise14M → 14M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.04 → 0.04