earnings
confidence high
sentiment positive
materiality 0.70
LCNB Q3 net income up 11% YoY to $4.5M; tangible book value rises to $10.97
LCNB CORP
2024-Q3 EPS reported
$0.53
- Q3 net income $4.5M ($0.31 EPS) vs $4.1M ($0.37 EPS) last year; adjusted net income $4.8M ($0.34 EPS).
- Net interest income $15.0M, up 10.3% YoY; NIM (tax equivalent) 2.84% vs 3.04% last year.
- Non-interest income $6.4M, up 79% YoY driven by loan sales gains of $1.6M.
- Wealth management assets $1.37B, up 24.4% YoY; total assets under management $4.25B.
- Dividend increased 4.8% to $0.22/share; tangible book value $10.97 per share (up 8.8% QoQ).