LCNB reports record FY2022 net income of $22.1M, EPS $1.93, up 5.5% and 16.3% YoY

LCNB CORP

2022-FY EPS reported $1.93

Q4 net income $6.41M (record), EPS $0.57, up 13.9% and 26.7% YoY respectively.
Net interest margin expanded to 3.77% in Q4 from 3.34% a year ago; full-year margin 3.55% vs 3.45%.
Net loans grew 2.3% to record $1.40B; nonperforming loans to total loans improved to 0.03%.
Share repurchases of $23.66M (1.21M shares) in FY2022; quarterly dividend raised 5% to $0.21/share.
Total assets at record $1.92B; deposits decreased 1.5% to $1.60B due to competition.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LCNB CORP reported the twelve-month period ended December 31, 2022 results: net income $22,128,000, EPS $1.93.

Period: the twelve-month period ended December 31, 2022
Net income: $22,128,000
EPS: $1.93
Result: reported results

Exact text from the filing

Net income for the twelve-month period ended December 31, 2022, was an annual record of $22,128,000, representing an increase of 5.5% as compared to $20,974,000 for the same period last year. Earnings per basic and diluted share for the twelve-month period ended December 31, 2022, were an annual record of $1.93, representing an increase of 16.3% as compared to $1.66 for the same period last year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LCNB CORP reported the three months ended December 31, 2022 results: net income $6,408,000, EPS $0.57.

Period: the three months ended December 31, 2022
Net income: $6,408,000
EPS: $0.57
Result: reported results

Exact text from the filing

Net income for the 2022 fourth quarter was a quarterly record of $6,408,000, a 13.9% increase as compared to $5,627,000 for the same period last year. Earnings per basic and diluted share for the 2022 fourth quarter were a quarterly record of $0.57, an increase of 26.7% as compared to $0.45 for the same period last year.

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Source: SEC EDGAR

accession 0001074902-23-000036

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