分组1 - LCNB reported quarterly earnings of $0.4 per share, missing the Zacks Consensus Estimate of $0.44 per share, and down from $0.44 per share a year ago, representing an earnings surprise of -9.09% [1] - The company posted revenues of $23.86 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 5.10%, compared to year-ago revenues of $22.7 million [2] - LCNB has surpassed consensus EPS estimates two times over the last four quarters and has topped consensus revenue estimates two times as well [2] 分组2 - The stock's immediate price movement will depend on management's commentary during the earnings call and the sustainability of earnings expectations [3] - LCNB shares have increased by about 2.8% since the beginning of the year, outperforming the S&P 500's gain of 1.9% [3] - The current consensus EPS estimate for the coming quarter is $0.42 on $22.6 million in revenues, and $1.70 on $92.7 million in revenues for the current fiscal year [7] 分组3 - The Zacks Industry Rank for Banks - Northeast is currently in the top 23% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact LCNB's performance [5] - The estimate revisions trend for LCNB was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it will perform in line with the market [6]

Financial Performance - Net income for the year ended December 31, 2025, was $23,120,000, compared to $13,492,000 in 2024, reflecting a year-over-year increase of 71.5%[2] - Basic earnings per common share for Q4 2025 was $0.40, down from $0.44 in Q4 2024, showing a decrease of 9.1%[2] - Net interest income for the year ended December 31, 2025, was $70,388, with a net interest margin of 3.50%[9] - Net interest income increased from $60,795 million in 2024 to $70,222 million in 2025, a growth of approximately 15.4%[14] - Non-interest income rose from $20,404 million in 2024 to $21,775 million in 2025, an increase of about 6.7%[14] - The company reported a net interest income after provision for credit losses of $68,286 million in 2025, compared to $58,833 million in 2024, an increase of about 16.0%[14] Asset and Liability Management - Total assets as of December 31, 2025, were $2,240,769 million, a slight decrease from $2,244,365 million in the previous quarter[6] - Total assets decreased from $2,307,394 million in 2024 to $2,240,769 million in 2025, a decline of approximately 2.9%[12] - Total deposits decreased to $1,840,355 million from $1,849,082 million in the previous quarter, indicating a decline in customer deposits[4] - Total deposits fell from $1,878,292 million in 2024 to $1,840,355 million in 2025, representing a decrease of about 2.0%[12] - Total loans, gross, as of December 31, 2025, were $1,705,531,000, a slight decrease from $1,721,812,000 in 2024[3] Credit Quality - Provision for credit losses increased to $1,510,000 in Q4 2025 from $649,000 in Q4 2024, indicating a significant rise in expected credit losses[2] - The allowance for credit losses on loans increased to $13,704 million from $12,170 million in the previous quarter, reflecting a provision for credit losses of $1,520 million[4] - Non-performing loans as a percentage of total loans were 0.14%, showing a slight increase from 0.12% in the previous quarter[5] - The net charge-offs to average loans ratio remained at 0.00%, indicating stable asset quality[5] - Provision for credit losses was $1,936 million in 2025, slightly down from $1,962 million in 2024[14] Efficiency and Cost Management - The efficiency ratio (tax equivalent) improved to 64.39% in Q4 2025 from 64.16% in Q4 2024, indicating better cost management[3] - Total non-interest expense decreased from $63,276 million in 2024 to $61,909 million in 2025, a reduction of approximately 2.2%[14] Shareholder Value - Book value per share increased to $19.30 as of December 31, 2025, compared to $17.92 a year earlier, indicating growth in shareholder equity[2] - The dividend payout ratio increased to 55.00% in Q4 2025 from 50.00% in Q4 2024, reflecting a higher proportion of earnings distributed to shareholders[3] - The total shareholders' equity increased to $273,929 million from $269,870 million in the previous quarter, reflecting growth in retained earnings[4] Interest Income and Yield - The average outstanding loans for the year ended December 31, 2025, were $1,705,520, with an interest earned of $94,313, resulting in an average yield of 5.53%[9] - Interest-bearing demand deposits for the year ended December 31, 2025, totaled $9,592, generating interest of $577, with a yield of 6.02%[9] - The net interest rate spread for the year ended December 31, 2025, was 2.97%, an increase from 2.32% in the previous year[9] - Total interest-bearing liabilities for the year ended December 31, 2025, were $1,519,549, with total interest paid of $32,525, resulting in an average yield of 2.14%[9] - The ratio of interest-earning assets to interest-bearing liabilities was 132.49% for the year ended December 31, 2025, compared to 128.19% in 2024[9] - Average outstanding interest-bearing time deposits for the year ended December 31, 2025, were $443, with interest earned of $14, yielding 3.16%[9] - Total earnings assets for the year ended December 31, 2025, were $2,013,275, generating total interest income of $102,913, with an average yield of 5.11%[9] - The average outstanding balance of Federal Home Loan Bank stock was $20,710, with interest earned of $1,785, resulting in an average yield of 8.62% for the year ended December 31, 2025[9]

Company Overview - LCNB shares increased by 5.2% to close at $17.49, with notable trading volume compared to typical sessions [1] - The stock has shown a 0.5% gain over the past four weeks [1] Earnings Expectations - LCNB is expected to report quarterly earnings of $0.44 per share, unchanged from the previous year [2] - Revenue is anticipated to be $22.7 million, also unchanged from the year-ago quarter [2] Stock Performance Insights - The consensus EPS estimate for LCNB has remained stable over the last 30 days, indicating no recent trend in earnings estimate revisions [3] - A stock's price typically does not continue to rise without trends in earnings estimate revisions, suggesting the need for monitoring LCNB's performance [3] Industry Context - LCNB is part of the Zacks Banks - Northeast industry, where First Internet Bancorp (INBK) also operates [3] - INBK's consensus EPS estimate has remained unchanged at $0.59, reflecting a 43.9% increase compared to the previous year [4]

Group 1 - The article emphasizes the focus on cash flow and the potential for value and growth in the oil and natural gas sector [1] - Crude Value Insights provides a service that includes a 50+ stock model account and in-depth cash flow analyses of exploration and production (E&P) firms [1] - Subscribers benefit from live chat discussions about the sector, enhancing community engagement and information sharing [1] Group 2 - A two-week free trial is offered to new subscribers, encouraging them to explore the services related to oil and gas investments [2]

Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sectors, emphasizing cash flow and the companies that generate it, which leads to value and growth prospects with real potential [1] Group 1 - The service offers subscribers access to a model account with over 50 stocks, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1]

Core Viewpoint - The company is conducting a conference call to discuss key points from the recently released Q4 trading statement, indicating a focus on transparency and communication with investors [1]. Group 1 - The conference call is led by Bilal Aziz, VP of Investor Relations & Treasury, along with Group CEO Berta De Pablos-Barbier and Group CFO Anders Boyer, highlighting the involvement of top management in investor relations [1]. - The purpose of the call is to outline important aspects of the trading statement, suggesting that the company aims to provide clarity on its financial performance during the Q4 trading period [1].

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Points - LCNB Corp. declared a cash dividend of $0.22 per common share, with a record date of December 1, 2025, and payment on December 15, 2025 [1] - LCNB Corp. is a financial holding company based in Lebanon, Ohio, operating through its subsidiary, LCNB National Bank, serving various counties in Southwest and South-Central Ohio [2] - The company reported financial results for the three and nine months ended September 30, 2025, highlighting the strength of its business model and disciplined execution of its long-term strategy [5] - LCNB Corp. announced the resignation of Robert A. Bedinghaus from its Board of Directors for personal reasons, with no disagreements related to the company's operations [6] - The company reinforced its leadership team through several promotions as part of its succession plan to support long-term strategic growth [7]

Financial Performance - Net income for the three months ended September 30, 2025, was $6,936 thousand, up from $4,532 thousand in the same period of 2024, indicating a year-over-year increase of approximately 53.1%[13]. - Net income for the nine months ended September 30, 2025, was $17,464,000, compared to $7,372,000 for the same period in 2024, representing a 137% increase[23]. - Basic earnings per common share for the three months ended September 30, 2025, was $0.49, up from $0.31 in 2024, reflecting a 58.1% increase[118]. - Total comprehensive income for the three months ended September 30, 2025, was $9,246 thousand, compared to $11,601 thousand in the same period of 2024, a decrease of about 20.3%[16]. - Net income for the three months ended September 30, 2025, was $6.9 million, an increase from $4.5 million in the same period of 2024, representing a 53.3% growth[152]. Income and Expenses - Net interest income increased to $18,126 thousand for the three months ended September 30, 2025, compared to $14,970 thousand for the same period in 2024, reflecting a growth of about 21.5%[13]. - Non-interest income for the three months ended September 30, 2025, was $5,704 thousand, down from $6,407 thousand in the same period of 2024, a decline of approximately 10.9%[13]. - Non-interest expense for the nine months ended September 30, 2025, was $46.5 million, a decrease from $48.7 million in 2024, reflecting a reduction of 4.5%[156]. - Total non-interest income for the nine months ended September 30, 2025, was $16.2 million, an increase of $1.8 million from $14.4 million in 2024[183]. - Total non-interest expense for the three months ended September 30, 2025, was $15,145,000, a decrease of 1.57% compared to $15,387,000 in 2024[186]. Assets and Liabilities - Total assets decreased to $2,244,365 thousand as of September 30, 2025, from $2,307,394 thousand at December 31, 2024, representing a decline of approximately 2.73%[10]. - Total deposits decreased to $1,849,082 thousand as of September 30, 2025, from $1,878,292 thousand at December 31, 2024, a reduction of about 1.55%[10]. - Long-term debt as of September 30, 2025, totaled $104,717 thousand, with a weighted average interest rate of 4.98%[92]. - Long-term debt decreased by $50,436,000, or 32.51%, to $104,717,000 due to early payoff of advances[191]. - The total balance of loans at the end of the period was $1,059,000 for commercial and industrial loans, $6,495,000 for commercial real estate loans, and $4,371,000 for residential real estate loans[60]. Credit Quality and Losses - The provision for credit losses was $211 thousand for the three months ended September 30, 2025, compared to $660 thousand for the same period in 2024, showing a decrease of about 68%[13]. - The allowance for credit losses (ACL) was $12.17 million as of September 30, 2025, compared to $12.00 million at December 31, 2024, indicating a slight increase in provisions[52]. - The ratio of non-accrual loans to total loans outstanding improved to 0.11% as of September 30, 2025, down from 0.26% at December 31, 2024[55]. - The company reported gross charge-offs of $110 thousand for commercial real estate loans and $55 thousand for residential real estate loans for the nine months ended September 30, 2025[76]. - The provision for credit losses for the three months ended September 30, 2025, was a recovery of $231,000, while for the nine months ended, it was a recovery of $456,000[60]. Shareholders' Equity - Total shareholders' equity increased to $269,870 thousand as of September 30, 2025, from $253,036 thousand at December 31, 2024, representing a growth of approximately 6.7%[10]. - The total shareholders' equity increased from $263,474,000 on July 1, 2025, to $269,870,000 on September 30, 2025[19]. - As of September 30, 2025, LCNB's shareholders' equity increased to $274.235 million from $259.811 million as of December 31, 2024, reflecting a growth of approximately 5.5%[204]. - The Common Equity Tier 1 Capital to risk-weighted assets ratio improved to 10.94% in September 2025, up from 9.94% in December 2024[204]. - Total risk-based capital increased to $199.255 million in September 2025, compared to $190.526 million in December 2024, representing a growth of about 4.3%[204]. Acquisitions and Investments - LCNB acquired Eagle Financial Bancorp, Inc. on April 12, 2024, enhancing its presence in the Cincinnati market[35]. - The total consideration transferred for the EFBI acquisition was $22.36 million, with cash consideration of $10.173 million and common stock valued at $12.187 million[38]. - The identifiable net assets acquired from EFBI amounted to $12.083 million, resulting in goodwill of $10.277 million[38]. - The company reported a net decrease in loans of $45,189,000 for the nine months ended September 30, 2025[23]. - The amortized cost of debt securities at September 30, 2025, was $257.564 million, with a fair value of $243.105 million[42]. Tax and Regulatory Matters - The effective tax rate for the three months ended September 30, 2025, was 18.2%, compared to 15.0% for the same period in 2024[98]. - LCNB's management believes it has adequate liquidity to meet both short-term and long-term funding needs without operational issues[207]. - The bank and LCNB were categorized as "well-capitalized" under the regulatory framework, indicating strong capital adequacy[202]. - LCNB plans to withdraw from its defined benefit retirement plan by the end of December 2025, with annuity purchases for active employees occurring in Q1 2026[108]. - The company engages third-party specialists to assist in developing fair value estimates for acquired assets and liabilities, ensuring compliance with accounting standards[141].

Core Viewpoint - LCNB has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors often rely on earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [4]. Company Performance and Outlook - The upgrade reflects an improvement in LCNB's underlying business, suggesting that investors may respond positively by driving the stock price higher [5]. - LCNB is expected to earn $1.69 per share for the fiscal year ending December 2025, with a 6.3% increase in the Zacks Consensus Estimate over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7]. - LCNB's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].