---
schema_version: "secwatch.filing_event.v1"
accession: "0001074902-24-000075"
form_type: "8-K"
ticker: "LCNB"
cik: "0001074902"
company_name: "LCNB CORP"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:21:53.056549+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LCNB Corp Q1 net income falls 54% to $1.9M; EPS $0.15 vs $0.37; Eagle deal closed Apr 12

## Summary
- GAAP net income $1.9M (EPS $0.15) vs $4.2M ($0.37) YoY; adjusted net income $2.6M ($0.20) excluding $775K merger costs.
- Net interest income flat at $13.9M; net interest margin (tax-equivalent) fell to 2.72% from 3.28% due to deposit repricing.
- Non-interest income up 9.7% to $3.9M, but non-interest expense rose $2.9M to $15.5M including merger expenses.
- Completed Eagle Financial Bancorp acquisition on April 12; total assets pro forma $2.28B, deposits $1.99B, loans $1.79B.
- Dividend raised 4.8% to $0.22/share; nonperforming loans 0.20% of total loans vs 0.05% prior year due to one CRE relationship.

## SEC filing metadata
- accession: 0001074902-24-000075
- form_type: 8-K
- ticker: LCNB
- cik: 0001074902
- company_name: LCNB CORP
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074902/000107490224000075/0001074902-24-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074902/000107490224000075/lcnb-20240429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001074902-24-000075
- JSON: https://secwatch.observer/filing/0001074902-24-000075.json
- Plain text: https://secwatch.observer/filing/0001074902-24-000075.txt

## Key facts
- Earnings Releases
  LCNB CORP reported three months ended March 31, 2024 results: net income $1.9 million, EPS $0.15.
  - Period: three months ended March 31, 2024
  - Net income: $1.9 million
  - EPS: $0.15
  - Result: reported results
  source text: Net income for the 2024 first quarter was $1.9 million, compared to net income of $4.2 million for the same period last year. Earnings per basic and diluted share for the 2024 first quarter were $0.15, compared to $0.37 for the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074902/000107490224000075/0001074902-24-000075-index.htm

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