LCNB stock reports higher third-quarter earnings

Published on 11/10/2026 at 02:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Investors in LCNB stock are watching stronger quarterly earnings and a wider lending margin. Management is targeting organic growth across Ohio markets.

Quarterly earnings show wider margins

Net interest income for the first nine months rose 8.6 percent year over year to USD 58.3 million.
The tax-equivalent net interest margin reached 3.92 percent in the third quarter, up from 3.57 percent a year earlier.
Management said balance-sheet optimization, funding discipline and expansion across Ohio markets remain central to its strategy.

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LCNB Corp. reported higher third-quarter earnings on October 15, 2026, as the Ohio-based bank holding company benefited from stronger net interest income. In its official results release, LCNB said third-quarter net income rose to USD 7.3 million from USD 6.9 million a year earlier. Diluted earnings per share increased to USD 0.51 from USD 0.49.

Margin expansion supports earnings

Net interest income rose to USD 19.7 million in the quarter from USD 18.1 million in the prior-year period. The tax-equivalent net interest margin widened to 3.92 percent from 3.57 percent, reflecting lower funding costs and a higher average yield on earning assets.

For the first nine months, net income reached USD 19.2 million, compared with USD 17.5 million in the same period of 2025. Net interest income increased to USD 58.3 million from USD 52.0 million, while fiduciary income rose 12.7 percent to USD 7.9 million.

Credit costs require attention

Credit metrics were more mixed. LCNB recorded third-quarter net charge-offs of USD 727,000, or 0.17 percent of average loans, versus USD 169,000 a year earlier. Nonperforming loans stood at USD 4.1 million, or 0.24 percent of total loans, at September 30, compared with USD 2.0 million, or 0.12 percent, a year earlier.

Management attributed most of the quarter's charge-offs to one participated loan relationship and said the credit had already been identified and substantially reserved. The provision for credit losses was USD 453,000 in the quarter, up from USD 211,000 in the prior-year period.

Growth plans remain Ohio-focused

LCNB completed its first USD 25 million subordinated debt offering during the quarter. Chief Executive Officer Eric Meilstrup said the additional capital is intended to support future growth, while the company continues to expand its product offering and deepen customer relationships.

LCNB Corp. is a financial holding company headquartered in Lebanon, Ohio. Through LCNB National Bank, it serves personal and business customers across Southwest and South-Central Ohio. Its services include deposits, personal, business and agricultural lending, treasury services, investment services and trust accounts. The company operates as a regional banking specialist, while its release identifies competition from both banks and nonbank financial institutions without naming specific peers.