secwatch.observer — SEC 8-K summary
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Issuer:     LCNB CORP (LCNB)
CIK:        0001074902
Form:       8-K
Filed at:   2022-02-11T23:59:59+00:00
Accession:  0001074902-22-000013
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LCNB Corp. repurchases 1.05M shares (8.5% of outstanding) from Lame family at $20.00/share
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- Repurchased 1,051,687 shares from John C. Lame and family, representing 8.5% of outstanding common stock.
- Purchase price of $20.00 per share agreed on Feb 4, 2022; stock closed at $20.13 on that date.
- Expected to be 6.82% accretive to 2022 EPS and approximately 7.0% accretive in future years.
- Since 2019, LCNB has repurchased over $37M of stock and distributed nearly $27M in dividends.
- Funded with cash on hand and an unaffiliated bank line of credit; capital levels remain strong.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074902/000107490222000013/0001074902-22-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074902/000107490222000013/lcnb-20220211.htm
  HTML page:      https://secwatch.observer/filing/0001074902-22-000013

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