secwatch.observer — SEC 8-K summary
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Issuer:     LCNB CORP (LCNB)
CIK:        0001074902
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001074902-23-000092
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074902/000107490223000092/0001074902-23-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074902/000107490223000092/lcnb-20231023.htm
  HTML page:      https://secwatch.observer/filing/0001074902-23-000092

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