LCNB (LCNB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

LCNB

NasdaqCM•Financial Services•Banks - Regional

$18.97-0.56(-0.03%)Pre-market

Market Cap

$271.12M

P/E

11.1x

P/S

2.2x

P/B

1.0x

LCNB Corp. operates as the financial holding company for LCNB National Bank that provides banking services in the United States. It offers checking and savings accounts; interest-bearing demand and money market deposit; and time certificates. The company also provides commercial and industrial, commercial and residential real estate, agricultural, construction, various types of consumer, and small business administration loans; residential mortgage loans, such as loans for purchasing or refinancing personal residences, home equity lines of credit, and loans for commercial or consumer purposes secured by residential mortgages; and consumer lending comprising automobile, boat, home improvement, and personal loans. In addition, it offers trust administration, estate settlement, and fiduciary services; and investment management of trusts, agency accounts, individual retirement accounts, and foundations/endowments. Further, the company offers investment services and products, including financial needs analysis, mutual funds, securities trading, annuities, and life insurance; and security brokerage services. Additionally, it provides safe deposit boxes, night depositories, cashier's checks, bank-by-mail, ATMs, cash and transaction services, debit cards, wire transfers, electronic funds transfer, utility bill collections, notary public service, cash management services, telephone banking, PC Internet banking, mobile banking, and other services for individuals and businesses. LCNB Corp. was founded in 1877 and is headquartered in Lebanon, Ohio.

How this company scores

GoodMetricSide Score: 63/100

Strongest: Profitability (21/25); weakest: Balance Sheet & Red Flags (13/25).

Profitability21/25

Growth13/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality16/25

Strengths

Strong marginsRising earningsLow leverageCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.1x5y range 7.9x – 30.0x

Currently near its 20-quarter median.

P/S · 2.2x5y range 1.6x – 3.2x

Currently near its 20-quarter median.

P/B · 1.0x5y range 0.8x – 1.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Revenue Decline

Watch

Revenue has softened, declining in 3 quarters. Watch for further erosion.

Price & Volume

Market Cap $271.12M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $124.61M
Q. Revenue: $31.68M
TTM EBITDA: $30.26M
TTM Op. Income: $29.95M
Q. Op. Income: $9.19M
TTM Net Income: $24.53M
Q. Net Income: $7.49M
EPS: $0.53
Shares Out.: $14.16M

$124.61M in TTM revenue declined 2.2% YoY, reaching $31.68M last quarter. TTM EBITDA of $30.26M and TTM operating income of $29.95M show growth is flowing through to the bottom line. TTM net income of $24.53M means revenue is converting into profit. Over the past year, TTM revenue is down 2% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 79.4%
EBITDA Margin: 29.7%
Op. Margin: 29.0%
Net Margin: 23.7%

Op. margin of 29.0% is up 5.9% YoY — cost efficiency is improving. Net margin at 23.7% and gross margin of 79.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 26% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.1x
P/S Ratio: 2.2x
P/B Ratio: 1.0x

At 11.1x P/E, the stock trades below typical market levels. P/S of 2.2x and P/B of 1.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 14% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.22B
Cash: $24.86M
Long-Term Debt: $103.84M
Book Value: $280.62M
D/E Ratio: 0.4
Debt/EBITDA: 11.0

With $2.22B in assets and $103.84M in long-term debt, D/E is 0.4and book value is $280.62M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $8.79M
TTM Free Cash Flow: $36.26M
FCF Margin: 29.1%
FCF / Net Income: 1.5

TTM FCF of $36.26M on $8.79M in operating cash flow. The FCF / Net Income ratio of 1.5x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.