---
schema_version: "secwatch.filing_event.v1"
accession: "0001074902-23-000053"
form_type: "8-K"
ticker: "LCNB"
cik: "0001074902"
company_name: "LCNB CORP"
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T21:05:24.995350+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# LCNB Corp. Q1 net income falls 8% to $4.2M; NIM contracts to 3.28%; dividend raised 5%

## Summary
- Net income $4.2M ($0.37 diluted EPS) vs $4.5M ($0.38) in Q1 2022, down 8.1%.
- Net interest margin (tax-equivalent) 3.28%, down from 3.35% due to higher interest expense on rising Fed funds rate.
- Nonperforming loans to total loans at 0.05% extremely low; allowance for credit losses increased to 0.56% due to CECL adoption.
- Total deposits $1.60B, down 2% YoY; uninsured deposits only 13.4% of total deposits.
- Dividend increased 5% to $0.21/share; repurchased 107K shares at avg $17.00.

## SEC filing metadata
- accession: 0001074902-23-000053
- form_type: 8-K
- ticker: LCNB
- cik: 0001074902
- company_name: LCNB CORP
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074902/000107490223000053/0001074902-23-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074902/000107490223000053/lcnb-20230421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001074902-23-000053
- JSON: https://secwatch.observer/filing/0001074902-23-000053.json
- Plain text: https://secwatch.observer/filing/0001074902-23-000053.txt

## Key facts
- Earnings Releases
  LCNB CORP reported the three months ended March 31, 2023 results: net income $4.2 million, EPS $0.37 per diluted share.
  - Period: the three months ended March 31, 2023
  - Net income: $4.2 million
  - EPS: $0.37 per diluted share
  - Result: reported results
  source text: Net income for the 2023 first quarter decreased 8.1% to $4.2 million, compared to $4.5 million for the same period last year. Earnings per basic and diluted share for the 2023 first quarter were $0.37, compared to $0.38 for the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074902/000107490223000053/0001074902-23-000053-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.