other material
confidence high
sentiment positive
materiality 0.55
LCNB Corp. authorizes new 500,000-share repurchase program, replacing prior program
LCNB CORP
- Board authorized repurchase of up to 500,000 common shares.
- Program replaces prior 500,000-share program approved May 27, 2022.
- Since 2020, LCNB repurchased 1,851,403 shares for ~$34M, reducing shares outstanding by 14.3%.
- Dividend increased 11% to $0.81 per share over same period.
- Repurchases may be via open market or private transactions; program may be suspended anytime.