LCNB Corp. Reports Record Annual Net Income and Strong Tangible Book Value Growth for 2025

summarizeSummary

LCNB Corp. announced record annual net income of $23.1 million for 2025, with tangible book value per share increasing 13.6% year-over-year, despite a higher Q4 provision for credit losses related to an isolated loan.

check_boxKey Events

• Record Annual Net Income

  Reported record annual net income of $23.1 million for 2025, a significant increase from $13.5 million in 2024, with diluted EPS rising to $1.63 from $0.97.

• Strong Tangible Book Value Growth

  Tangible book value per share increased 13.6% year-over-year to $12.45 at December 31, 2025, reflecting strong earnings and improved investment portfolio unrealized losses.

• Increased Q4 Provision for Credit Losses

  Recorded a $1.5 million provision for credit losses in Q4 2025, primarily due to a reserve against one loan in the logistics sector, which reduced Q4 diluted EPS by $0.08.

• Record Wealth Management Assets

  LCNB Wealth Management assets grew 12.9% year-over-year to a record $1.56 billion, driving record fiduciary income of $9.5 million for the full year.

auto_awesomeAnalysis

LCNB Corp. delivered a strong full-year performance for 2025, marked by record net income and substantial growth in tangible book value per share. The company's strategic initiatives, including recent acquisitions and funding optimization, contributed to significant improvements in profitability and efficiency. While the fourth quarter saw a slight dip in net income due to an increased provision for credit losses related to a single loan in the logistics sector, management emphasized this was an isolated event and overall asset quality improved year-over-year. The continued expansion of LCNB Wealth Management assets also highlights a positive trend in non-interest income.