Stock Data
$0.30 (1.68%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
LCNB Corp is a financial institution based in Lebanon, Ohio, offering a wide range of banking services primarily in the state. It provides various deposit products like checking and savings accounts, as well as investment options including IRAs and certificates. The company also offers a comprehensive suite of loans, including commercial, residential, agricultural, and personal loans. Beyond traditional banking, LCNB Corp extends services in trust administration, estate planning, and investment management. It supports customers with modern banking conveniences such as online and mobile banking, ensuring a complete banking solution for both individuals and businesses.
The Ohio regional bank crushed Q2 expectations with a 32% revenue beat and record net interest margin expansion to 3.99%, powered by a strategic shift toward cheaper deposits that lifted net income 27% year-over-year despite a 19.5% revenue decline on a nominal basis.
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