LCNB Q2 Net Income Hits Record $7.5M, Margin Expands to 3.99%
LCNB sits 29% above its 52-week low of $14.11.
Summary
LCNB posted record Q2 net income of $7.5 million, or $0.53 per share, a 29% jump from the prior year. Net interest margin widened 52 basis points to 3.99%, driving a 12.8% increase in net interest income to $19.8 million. The results mark a sharp turnaround from Q1, when higher credit loss provisions weighed on earnings. Total assets under management reached $4.25 billion. The stock is trading near its 52-week high, and this beat could push it through resistance.
At the time of this announcement, LCNB was trading at $18.21 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.