LCNB Reports Record Q2 Net Income of $7.5M, EPS $0.53; NIM Expands to 3.99%
LCNB sits 27% above its 52-week low of $14.11.
Summary
LCNB Corp. reported record Q2 2026 net income of $7.5 million ($0.53 per share), driven by a 52-basis-point expansion in net interest margin to 3.99%. Tangible book value per share rose 10.4% year-over-year to $12.90, while wealth management assets hit a record $1.7 billion. Credit costs increased, with a $276,000 provision and $2.7 million in year-to-date net charge-offs concentrated in logistics credits.
Key Events · Earnings and Guidance · LCNB
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Record Q2 Net Income
Net income of $7.5 million, up 26.6% year-over-year; EPS of $0.53, up 29%.
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Net Interest Margin Expansion
Tax-equivalent NIM expanded 52 bps YoY to 3.99%, driving record quarterly net interest income of $19.8 million.
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Tangible Book Value Recovery
Tangible book value per share increased 10.4% YoY to $12.90, recovering dilution from the 2023 Cincinnati Federal acquisition.
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Wealth Management Growth
Assets under management in wealth division rose 15.3% YoY to a record $1.7 billion, generating $2.7 million in fiduciary income.
Analysis · LCNB · Finance
LCNB delivered a strong second quarter with record net interest income and net income, driven by a 52-basis-point year-over-year expansion in net interest margin to 3.99%. Earnings per share rose 29% to $0.53, and tangible book value per share increased 10.4% to $12.90, recovering the dilution from the 2023 Cincinnati Federal acquisition. Wealth management assets reached a record $1.7 billion, generating $2.7 million in fiduciary income. However, credit quality showed some deterioration: the provision for credit losses rose to $276,000 from $18,000 a year ago, and year-to-date net charge-offs of $2.7 million were concentrated in two logistics-sector credits. Nonperforming loans ticked up to 0.34% of total loans. The results highlight profitable growth and capital rebuilding, but the uptick in credit costs warrants attention given the recent logistics-sector stress noted in prior filings.
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At the time of this filing, LCNB was trading at $17.90 on NASDAQ in the Finance sector, with a market capitalization of approximately $254.9M. The 52-week trading range was $14.11 to $18.52. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.