Slide 1: LCNB Corp. Investor Presentation Fourth Quarter 2025
LCNB CORP. Investor Presentation Fourth Quarter 2025 NASDAQ: LCNB LONE Operations Center, Lebanon OH
Slide 2: Forward Looking Statements
Forward Looking ‘This presentation, as well as ether wrtten or oral communications made frm timeto time by us, cortsins cenain foruarélookng information within the meaning ofthe Securkies Act of 1933, ‘amended, and the Securties Eichange Act of 1934, es amended. These statements relate to future eve
Slide 3: About LCNB
CORP About LCNB
Slide 4: Successfully Serving Our Communities for over 145 Years
Successfully Serving Our Communities for over 145 Years LCNB has grown to become one of the largest community banks in Ohio 2024 and Beyond Acquisitions Create Opportunities for a Successful Future 2020 - 2023 ‘Supporting Communities Throughout the Pandemic 2013 -2019 ‘Accelerated Growth Through Acq
Slide 5: Compelling Community Banking Presence
Compelling Community Banking Presence Operating in robust and growing Ohio markets jumbus Countie ropolitan C Among Largest Banks in Ohio ‘According to the June 2025 FDIC Market Share Report, LCNB is ‘the 24" largest bank in the state of Ohio Fastest Growing Ohio Counties LCNB's markets include9 of
Slide 6: Growing Southwest Ohio Market Presence
Growing Southwest Ohio Market Presence LCNB is now the 9* largest bank based on deposits in the Cincinnati MSA Q INDIANA KENTUCKY @ Ler ranch EE) cincinnati market Recent acquisitions support significant value creation opportunities Increased scale and added significant exposure within the greater C
Slide 7: Where Does LCNB Stand Today?
Where Does LCNB Stand Today? A proven platform that drives our history of strong operating and financial performance Attractive Markets Over 30 bank offices in Southwestern and South-Central Ohio representing fast growing markets with above average household incomes and favorable business landscape
Slide 8: Corporate Purpose: Go Further Together
Corporate Purpose: Go Further Together Committed to serving all stakeholders Customers & Communities Teammates Shareholders Every product and service is crafted to make a difference for our customers Personal, commercial, and wealth management solutions to fit every customer's unique needs LCNB’s CR
Slide 9: Strategic Transformation
LCNB CORP. Strategic Transformation LENB Corp. | @4, 2025 Investor Presentation
Slide 10: Growth Oriented Strategic Plan
Growth Oriented Strategic Plan Strategic plan focused on producing strong and consistent performance Balance Growth Focusing on profitable growth without compromising credit standards )) ont) Return Capital to Shareholders Longstanding dividend policy and share repurchase program (<0 al Diversify Re
Slide 11: Diverse Financial Services
Diverse Financial Services Personal and Business Banking Services, combined with Wealth Management, deliver high levels of noninterest income Annual Noninterest Income (in thousands) 2015 — 2025 Growth Growing revenue streams has supported a 115% increase in noninterest income over the past 10 years
Slide 12: Expanding Wealth Management Opportunities
Expanding Wealth Management Opportunities LCNB is well positioned to grow its wealth management platform as other community banks do not offer independent wealth management capabilities, and many larger competitors fall short of LCNB’s level of customer service Wealth Management Assets (in thousands
Slide 13: Supporting Digital Growth and Customer Engagement
Supporting Digital Growth and Customer Engagement Investing in technology to match customer needs Digital Transactions: Up 5.4% Year-over-Year Investing in Secure Digital and Mobile Platforms 400,000 390,000 380,000 370,000 360,000 350,000 340,000 492024 192025 292025 392025 492025 Established digit
Slide 14: Dedicated to Providing Responsive, Local and Leading Service
Dedicated to Providing Responsive, Local and Leading Service Continual investments to drive productivity, while maintaining a superior level of service Continual Product Optimize Branch Investments Network Provide modem banking Invest in modern, efficient, solutions that fit customers’ accessible an
Slide 15: Successful Strategic Transformation
Successful Strategic Transformation From 2015 to 2025, Total Assets Managed increased at an 8.5% CAGR m Brokerage Accounts Cash Management Ml Mortgage Loans Serviced m Wealth MLCNB Corp. Assets
Slide 16: Financial and Operating Highlights
Financial and Operating Highlights LENB Corp. | Q4, 2025 Investor Presentation
Slide 17: 2025 Fourth Quarter Financial Highlights
2025 Fourth Quarter Financial Highlights Excellent asset quality and strong core operations support compelling financial model Total Assets (5 in billions) $231 a 32/34/2024 32/31/2025 Nonperforming Assets to Total Assets 020% —— =a —= 32/31/2028 32/31/2025 Net Income ($ in milions) S23 $135 2024 20
Slide 18: Capital Allocation
Capi ‘al Allocation Compelling financial model supports diverse capital allocation strategies ‘Cumulative Shares Repurchased (inthousanes) 2,500 2,000 1,500 1,000 500 ° 2020 2021, Cash Dividend sost so77 2021 2022 2022 sos 2023 2023 soss 2024 2028 2025 so.88 2025 From 2020 - 2025, LCNB repurchased 2
Slide 19: Capital Levels
Capi ‘al Levels Supports strategic and organic growth objectives ‘Average Loans to Deposits 100% 90% 80% 70% 60% 50% 5% 2022 92.6% 89.5% Eaanicy + With the adgition of Cincinnati Federal and Eagle, LCNB had over 78,000 consumer, public fund, small business and non-profit checking and savings account
Slide 20: Deposit Performance
Deposit Performance Prudent management of local and stable deposit base Overview (at December 31, 2025) Deposit Trends (in thousands) + Off balance sheet insured cash sweep program $2,000,000 + Noninterest-bearing stood at 25.3% of total deposits $1,800,000 * Cost of interest-bearing demand and mone
Slide 21: Lending Overview
Lending Overview LCNB’s local and individual lending culture drive loan growth Overview Loans, Gross (by industry Type) + Products include commercial and industrial loans, ai ‘commercial and residential real estate loans, agricultural \ ee ee loans, construction loans, various types of consumer iat
Slide 22: CRE Trends
CRE Trends Track record of managing a high-quality and growing CRE portfolio Overview + Diverse and high-performing CRE portfolio + Office portfolio is approximately 6.9% of loans, net of allowance + Office portfolio encompasses properties primarily in Ohio + CRE loans are generally originated with
Slide 23: Asset Quality
Asset Quality Excellent asset quality is a longstanding hallmark of LCNB Net Charge-Offs to Average Loans 0.50% 0.40% 0.30% 0.20% 0.10% 0.00% 04a 0.39% 021% — 0.188% 018% 0.14% 1 0.08% 5 0.04% * 0,03%p g94,0.03% - 0.02% ee | (0.02% a iT 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 202
Slide 24: Annual Earnings
Annual Earnings (chartsin thousands, except annual diluted €S) LCNB has a history of high levels of profitability and strong earnings growth Focused on Maintaining Strong Profitability + Record annual net income in 2025 was driven by executing strategies aimed at proactively strengthening the balanc
Slide 25: Recent Tangible Book Value Drivers
Recent Tangible Book Value Drivers 2018 Columbus First 2019-2022 2023 - 2024 Acquisition Stock Repurchases Acquisitions $1433 $1433 si27z $1245 $10.08 sites Hoo l il li I 12/81 6/30/18 9/30/23 9/30/23 12/31/28 6/30/24 12/31/2632/31/25, One-time acquisition costs and 3,253,060 shares associated with
Slide 26: Corporate Governance
LCNB CORP. Corporate Governance LENB Corp. | @4, 2025 Investor Presentation
Slide 27: Longstanding and Growing Dividend
LCNB Longstanding and Growing Dividend Strong balance sheet and compelling financial model supports growing dividend policy DIVIDEND HIGHLIGHTS For the fourth quarter ended December 31, 2025, LNB paida $0.22 per share dividend At December 31, 2025, LCNB's dividend yield was 5.4 From 2020 to 2025, LC
Slide 28: Board of Directors
Board of Directors Accomplished and well-versed Board of Directors Significant Banking Corporate Weatth Name & Principal Occupation Age Since __Independent shareholder Sector Finance __ Management Seevsccbrwa te = 8 © © BD isiiSincccoue 2 = 8 @ o 8 @ ? Se > = @ @ ° o 0° ) Ea o 8 0 ae o 8 0 ea © O) E
Slide 29: Management Team
Management Team Seasoned management team of experienced bankers fri Meitsrup ie Maou a saved ina Robert Haines We aes asten sci seeeanines vara ot eave open, pa Penance onary 208 Tooreievacoeren Socens a5 teh sews 7 torcteataisimuangsye Peer Sethe Leer darn ‘adrew, wallace Tir Wnt pies Rhine Tasence
Slide 30: Summary
Summary LCNB is focused on moving Further Together to create value for all the Company's stakeholders + Growth-oriented community bank dedicated to creating significant long-term shareholder value * Business model focused on providing diverse financial services and an above-average level of fee inco
Slide 31: Appendix
Appendix
Slide 32: Annual Financials
Annual Financials Dollars in thousands (except per share data) 2021. 2022 2023 2024 2025 Net interest income 57,124 61,042 56,349 60,795 70,222 Provision for (recovery of) credit iosses (269) 250 2.077 1962 1.936 Noninterest income 16,232 14.288 15.411, 20,404 24,775 Noninterest expense 48,040 43,13
Slide 33: Quarterly Financials
Quarterly Financials Dollars in thousands (except per share data) 94.2024 912025 922025 93.2025 942025 Netinterest income 16,713 16,299 17541, 18,126 18,256 Provision for (recovery of) for credit losses 649 197 18 24 1,510 Noninterest income 5,988 5,222 5208 5,704 5,601 Noninterest expense 14,592 15
Slide 34: Reconciliation of Net Income Less Tax-Effected Merger-Related Costs
Reconciliation of Net Income Less Tax-Effected Merger-Related Costs Dollarsin thousands {except per share data) Thee Months Ended ‘Twelve Months Ended 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 12/31/2023 12/31/2024 Netincome $ ($293) 1,915 925 4.532 6.120 12,628 13.492 Merger expense add b
Slide 35: ca is \
Fi | ca is \ CORP. Yin aa) a v4 v4 ote) VV v7 Icnbcorp.com MS a Ss, 3 NASDAQ: LCNB a4 ¥ an Yan) V5 = ie ba Vi | <y . an am } LCNB National Bank | 2 N. Broadway, Lebanon, OH 45036 v4 Icnb.com | shareholderrelations@Icnb.com v4 Member FDIC | Equal Housing Lender A174 #furthertogether bon a.