Overview

* LCNB ( LCNB ) Q2 net earnings per share up 24.2% sequentially to $0.41

* Net interest margin expanded to 3.47% from 2.86% in Q2 2024

* Net income for Q2 was $5.9 mln, up from $0.9 mln last year

Outlook

* LCNB ( LCNB ) expects economic environment to remain fluid

* Sees benefits from recent acquisitions in cross-selling services

* LCNB ( LCNB ) anticipates continued long-term growth driven by asset quality

* Company highlights strengtheningprofitability supporting future growth

Result Drivers

* NET INTEREST MARGIN - Expanded due to balance sheet strengthening, loan originations, and stable interest rates, per CEO Eric Meilstrup

* NON-INTEREST INCOME - Increased 28.6% driven by gains from loan sales and higher fiduciary income

* EXPENSE REDUCTION - Non-interest expenses decreased due to lower merger-related costs from the Eagle acquisition in 2024

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.41

Q2 Net $5.92

Income mln

Q2 Net $17.54

Interest mln

Income

Q2 Basic $0.41

EPS

Q2 $7.20

Pretax mln

Profit

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 ( LCNB ) is $15.50, about 0.1% below its July 21 closing price of $15.52

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

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)