earnings
confidence high
sentiment negative
materiality 0.75
LCNB Q2 net income drops 80% to $0.9M, EPS $0.07; adjusted EPS $0.29
LCNB CORP
2024-Q2 EPS reported
$0.21
- GAAP net income $925K vs $4.7M YoY; EPS $0.07 vs $0.42.
- Adjusted net income $4.1M ($0.29) vs $5.0M ($0.45) YoY; record total assets managed $4.21B.
- Non-interest income up 11.9% to $4.1M; net interest margin 2.86% vs 3.28% YoY.
- Dividend raised 4.8% to $0.22/share; no share repurchases in H1 2024.
- Nonperforming loans rose to $3.0M from $707K, driven by one CRE relationship.