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LCNB

LCNB CORP
7 filings tracked
financialsasset managementSMALL ($300M-2B)

Company Intelligence Hub

Filing history, signal momentum, and bull/bear evolution

Chronological Filing Evolution (Click to filter / toggle)

Thesis (Bull Case Evolution)

LCNB Corp has demonstrated a masterclass in margin expansion during the first quarter of 2026, successfully navigating the challenging deposit repricing environment.…

Bullish Outlook

Antithesis (Bear Case / Structural Risks)

Despite the headline margin growth, LCNB faces structural vulnerabilities that could threaten its long-term stability.…

Risk Factors

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Synthesis (Verdict & Resolution)

The Q1 2026 filing presents a dichotomy between immediate operational efficiency and long-term structural risk. On one hand, LCNB has successfully optimized its funding costs to drive a significant jump in net interest margin, proving its ability to manage liabilities in a volatile rate environment. The increase in net interest income to $18.8 million provides a strong cushion against the $2.3 million provision for credit losses, which management characterizes as non-recurring and specific to the logistics sector. However, the overarching risk remains the bank's heavy tilt toward commercial real estate. While the current non-performing loan ratio is low, the sheer volume of CRE assets relative to total loans creates a binary outcome for investors: either the local Ohio economy remains resilient, or the bank faces a systemic credit event. The synthesis of this filing suggests that while the 'earnings engine' is currently humming, the 'safety valve' of the balance sheet is being tested by sector-specific concentrations and a shifting deposit landscape.

Selected Quarter

Core Takeaway

LCNB has successfully lowered its cost of funds to boost margins, but a heavy concentration in commercial real estate and rising credit provisions introduce significant tail risk.

Investor Lens

The trade-off is between the immediate benefit of widening margins and the long-term risk of a concentrated CRE portfolio.

Watch Next

The next quarterly non-performing loan (NPL) ratio and any further specific reserves for the logistics or CRE sectors.

View Full SEC Report

Signal Momentum Chart

Quarterly net bull/bear signal ratio. Click nodes to select a quarter.

BULLISH (+1.0)NEUTRAL (0.0)BEARISH (-1.0)+0.17Q2 '26 (10-Q)

Signal Timeline

Active Filters:Quarter: Q2 '26 (10-Q)
bullishMay 6

Net interest margin surged from 3.25% to 3.83% due to disciplined deposit cost management.

margin expansion
90%
bearishMay 6

Net income slightly declined to $4.4M from $4.6M due to a spike in credit provisions.

earnings miss
40%
neutralMay 6

Maintained well-capitalized status with a CET1 ratio of 11.28%.

regulatory action
20%
bullishMay 6

Net interest margin surged from 3.25% to 3.83% due to disciplined deposit cost management.

margin expansion
90%
bearishMay 6

Net income slightly declined to $4.4M from $4.6M due to a spike in credit provisions.

earnings miss
40%
neutralMay 6

Maintained well-capitalized status with a CET1 ratio of 11.28%.

regulatory action
20%
bullishMay 6

Net interest margin surged from 3.25% to 3.83% due to disciplined deposit cost management.

margin expansion
90%
bearishMay 6

Net income slightly declined to $4.4M from $4.6M due to a spike in credit provisions.

earnings miss
40%
neutralMay 6

Maintained well-capitalized status with a CET1 ratio of 11.28%.

regulatory action
20%
bullishMay 6

Net interest margin surged from 3.25% to 3.83% due to disciplined deposit cost management.

margin expansion
90%
bearishMay 6

Net income slightly declined to $4.4M from $4.6M due to a spike in credit provisions.

earnings miss
40%
neutralMay 6

Maintained well-capitalized status with a CET1 ratio of 11.28%.

regulatory action
20%
bullishMay 6

Net interest margin surged from 3.25% to 3.83% due to disciplined deposit cost management.

margin expansion
90%
bearishMay 6

Net income slightly declined to $4.4M from $4.6M due to a spike in credit provisions.

earnings miss
40%
neutralMay 6

Maintained well-capitalized status with a CET1 ratio of 11.28%.

regulatory action
20%
bullishMay 6

Net interest margin surged from 3.25% to 3.83% due to disciplined deposit cost management.

margin expansion
90%
bearishMay 6

Net income slightly declined to $4.4M from $4.6M due to a spike in credit provisions.

earnings miss
40%
neutralMay 6

Maintained well-capitalized status with a CET1 ratio of 11.28%.

regulatory action
20%
bullishMay 6

Net interest margin surged from 3.25% to 3.83% due to disciplined deposit cost management.

margin expansion
90%
bearishMay 6

Net income slightly declined to $4.4M from $4.6M due to a spike in credit provisions.

earnings miss
40%
neutralMay 6

Maintained well-capitalized status with a CET1 ratio of 11.28%.

regulatory action
20%

Filing History

10-QMay 6, 2026
Expand Sequence

The Q1 2026 filing presents a dichotomy between immediate operational efficiency and long-term structural risk. On one hand, LCNB has successfully optimized its funding costs to drive a significant jump in net interest margin, proving its ability to manage liabilities in a volatile rate environment. The increase in net interest income to $18.8 million provides a strong cushion against the $2.3 million provision for credit losses, which management characterizes as non-recurring and specific to the logistics sector. However, the overarching risk remains the bank's heavy tilt toward commercial real estate. While the current non-performing loan ratio is low, the sheer volume of CRE assets relative to total loans creates a binary outcome for investors: either the local Ohio economy remains resilient, or the bank faces a systemic credit event. The synthesis of this filing suggests that while the 'earnings engine' is currently humming, the 'safety valve' of the balance sheet is being tested by sector-specific concentrations and a shifting deposit landscape.

Disclaimer: The synthesis provided is generated by AI models and should not be construed as investment advice. Analysis is based solely on regulatory data present at the time of publication. Consult a financial advisor for specific investment strategies.