LCNB Q3 net income $4.07M, EPS $0.37; Cincinnati Bancorp acquisition expected Nov 2023

LCNB CORP

2023-Q3 EPS reported $1.16

Net income down 27% YoY to $4.07M; diluted EPS $0.37 vs $0.49 prior year.
Adjusted EPS $0.40 excluding $302K merger-related costs; net interest margin fell to 3.04% from 3.54%.
Net loans rose 5.8% YoY to $1.45B; loan-to-deposit ratio 90.20%; deposits up 1.3% linked quarter.
Asset quality: nonperforming loans just 0.02% of total loans; net recovery of $114K in Q3.
Dividend increased 5% to $0.21/share; share repurchase of 199,913 shares YTD at avg $16.47.

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 1.0

LCNB CORP reported the three months ended September 30, 2023 results: net income $4,070,000, EPS $0.37.

Period: the three months ended September 30, 2023
Net income: $4,070,000
EPS: $0.37
Result: reported results

Exact text from the filing

LCNB Corp. issued an earnings release announcing its financial results for the three months ended September 30, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

LCNB CORP reported the nine-month period ended September 30, 2023 results: net income $12,921,000, EPS $1.16.

Period: the nine-month period ended September 30, 2023
Net income: $12,921,000
EPS: $1.16
Result: reported results

Exact text from the filing

Net income for the nine-month period ended September 30, 2023 was $12,921,000, compared to $15,720,000 for the same period last year. Earnings per basic and diluted share for the nine-month period ended September 30, 2023 were $1.16, compared to $1.36 for the same period last year.

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LCNB CORP filing history →

Source: SEC EDGAR

accession 0001074902-23-000092

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