secwatch.observer — SEC 8-K summary
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Issuer:     LCNB CORP (LCNB)
CIK:        0001074902
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0001074902-23-000053
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074902/000107490223000053/0001074902-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074902/000107490223000053/lcnb-20230421.htm
  HTML page:      https://secwatch.observer/filing/0001074902-23-000053

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