secwatch.observer — SEC 8-K summary
======================================

Issuer:     LCNB CORP (LCNB)
CIK:        0001074902
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001074902-24-000094
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LCNB Q2 net income drops 80% to $0.9M, EPS $0.07; adjusted EPS $0.29
--------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074902/000107490224000094/0001074902-24-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074902/000107490224000094/lcnb-20240723.htm
  HTML page:      https://secwatch.observer/filing/0001074902-24-000094

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer