LCNB Corp. (LCNB) Stock

LCNB Corp. (LCNB) is a Financials stock trading at $19.48 (as of 2026-08-21), with a market capitalization of $277.62M and a trailing P/E of 11.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

LCNB Corp., the financial holding company for LCNB National Bank, provides banking, trust and fiduciary, and investment services to customers in Ohio. It offers deposit accounts, a range of commercial, real estate, agricultural, consumer, and mortgage-related loans, as well as investment and securities services including mutual funds, trading, annuities, and life insurance.

Understand LCNB Corp.: how it makes money

LCNB Corp. is the financial holding company for LCNB National Bank, providing banking services in Ohio through deposit products (checking, savings, NOW and money market deposits, and certificates of deposit) and loan products (commercial and industrial, commercial and residential real estate, agricultural, construction, SBA, and residential mortgage loans).

LCNB’s profit engine is tightly linked to the performance of its loan book, which is monitored through credit-loss metrics like Net Charge-Offs as a Percentage of Average Loans (Annualized), alongside how much of its lending is funded by deposits, reflected in the Loan to Deposit Ratio.

Business quality (Mixed): Enough operating KPIs are provided to track profitability (Return on Average Assets) and credit quality (Net Charge-Offs), but there is no reportable segment revenue breakdown in the provided data.

Valuation: At 11× earnings, LCNB trades 16% below the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

Profitability indicator: Return on Average Assets is 1.01% for the latest reported period (2026-03-31).
Credit-loss level appears contained in the annualized metric: Net Charge-Offs as a Percentage of Average Loans (Annualized) is 0.14%.
Asset-based wealth and investment offerings exist: Assets Under Management is 4.2B, including LCNB Wealth Management Assets of 1.57B and Trust and Investments and Investment Services Assets of 1.54B.

Bear case

Loan credit risk spans multiple categories: The loan portfolio includes commercial and industrial, multiple real estate categories, agricultural, construction, SBA, and residential mortgage loans, which can expose results to credit issues across different borrower types.
Funding mix can matter: The Loan to Deposit Ratio is 90.2%, so banking performance is sensitive to how deposits and lending levels move together.

Valuation — source: SEC EDGAR (first-party)
Price	$19.48
Market Cap	$277.62M
P/E Ratio	11.3
EV / EBITDA	10.9
Price / Book	0.99
Price / Sales	2.69
FCF Yield	13.1%
DCF Value (model)	$24.05
DCF Upside vs Price	23.5%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$102.75M
Net Margin	22.5%
Revenue Growth (YoY)	1.5%
EPS Growth (YoY)	29.3%
FCF Growth (YoY)	42.0%

Valuation vs Sector & Industry
Stock P/E	11.3
Sector P/E (Financials)	15.1
Industry P/E (Banking)	13.0
vs Sector	-25.0%
vs Industry	-12.7%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($12.87M)
Institutional Holders Tracked	10

Company
Sector	Financials
Industry	Banking
CEO	Eric J. Meilstrup
Employees	346
Country	US
IPO Date	1999-10-26

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.