Slide 1: Investor Presentation Second Quarter 2025
Investor Presentation Second Quarter 2025 NASDAQ: LCNB ‘LENS Operations Center, Lebanon OH
Slide 2: Forward Looking
Forward Looking ‘Tis presentation, 05 wel as other wrtten oro communications made from timeto time by us, cortins cen fomtrdeckng infrmaion within the meaning of the Securties Act of 1933, 95 mended, and the Secirties Echange ct ot 938, ae amended These sutemante raat o fire event or utute predcton,
Slide 3: About LCNB
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 Acqui
Slide 5: Compelling Community Banking Presence
Compelling Community Banking Presence Operating in robust and growing Ohio markets Market Highlights Market inctides 16 courties in OM, KY at [MSA the 20° largest inthe US. Population: 22 milion Cincinnati | fares growing a cagohvb in North America supported by Market: ‘Amazon’sS15 bilion PrimeAir +
Slide 6: Growing Southwest Ohio Market Presence
Growing Southwest Ohio Market Presence LCNB is now the 8*" largest bank based on deposits in the Cincinnati MSA Recent acquisitions support significant value @ e ayto creation opportunities o ° e Increased scale and added significant exposure within '; the greater Cincinnati Region incinnati Growth
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 Marke’ Over 30 bank offices in Southwestern and South-Central Ohio representing fast growing markets with above average household incomes and favorable business landscape E
Slide 8: Corporate Purpose: Go Further Together
Corporate Purpose: Go Further Together Committed to serving all stakeholders Customers & Communities 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 CRA-qualified donations
Slide 9: Strategic Transformation
LCNB CORP. Strategic Transformation LCNB Corp. | Q2, 2025 Investor Presentation
Slide 10: Growth Oriented Strategic Plan
Growth Oriented Strategic Plan Strategic plan focused on producing strong and consistent performance Growth Focusing on profitable growth without compromising credit standards Longstanding dividend policy and share repurchase program Diversify Revenues Multiple sources of revenue support high levels
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) $25,000 20,000 $15,000 $10,000 $5,000 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TM. 2014 — 2024 Growth G
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 10.1% Year-over-Year 400,000 350,000 300,000 250,000 200,000 ag2024 192025 292025 292024 392024 ss Accounts: Up 8.5% Year-over-Year 292024 32024 42024 192025 292025 Investing in
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 2014 to 2024, Total Assets Managed increased at a 10.0% CAGR m Brokerage Accounts 1 Cash Management 1m Mortgage Loans Serviced mWeakth mLONB Corp. Assets,
Slide 16: Financial and Operating Highlights
LCNB CORP. Financial and Operating Highlights LENB Corp. | 02, 2025 Investor Presentation
Slide 17: 2025 Second Quarter Financial Highlights
2025 Second Quarter Financial Highlights Excellent asset quality and strong core operations support compelling financial model Total Assets (5 in blions) on Sst + Totalassets decreased 2.7% year-over-year to $2.31 billion, primarily due to strategic loan sales following the recent acquisitions. * Du
Slide 18: Capital Allocation
Capital Allocation Compelling financial model supports diverse capital allocation strategies Cumulative Shares Repurchased (nmouaras) + From 2020 - 2024, LCNB repurchased 2,036,356 shares of its outstanding 2,000 ‘common stock a + Recent capital allocation initiatives have prioritized supporting gro
Slide 19: Capital Levels
Capital Levels Supports strategic and organic growth objectives ‘Average Loans to Deposits ue wos 2% cozy 90% e355 + With the addition of Cincinnati Federal and Eagle, LCNB had over 78,000 _ consumer, public fund, small business and norrprofit checking and savings accounts 70% + Strong loan to depos
Slide 20: Deposit Performance
Deposit Performance Prudent management of local and stable deposit base Overview (at June 30, 2025) + Off balance sheet insured cash sweep program Deposit Trends (in thousands) $2,000,000 + Noninterest-bearing stood at 24.1% of total deposits + Cost of interest-bearing demand and money market, depos
Slide 21: Lending Overview
Lending Overview LCNB’s local and individual lending culture drive loan growth Overview + Products include commercial and industrial loans, ‘commercial and residential real estate loans, agricultural loans, construction loans, various types of consumer loans, and SBA loans + During the year ended De
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 6.7% of loans, net of allowance + Office portfolio encompasses properties primarily in Ohio + GRE 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% 04a, ace 039% 0.30% 0.20% oa o.s0% oon oom *bose, 0.0436 0.03% 508% Th ered ee 0.00% . —- . < So Proven asset quality throughout multiple cycles Net charge-offs peaked toa level of 0.44% d
Slide 24: Annual Earnings
Annual Earnings (chars in thousands, except annual diluted €P5) LCNB has a history of high levels of profitability and strong earnings growth Focused on Maintaining Strong Profitability Net Interest Income after Provision for Credit Losses, Annually + 2024 profitability impacted primarily by one-tim
Slide 25: Recent Tangible Book Value Drivers
Recent Tangible Book Value Drivers 2018 Columbus First 2019-2022 2023-2024 Acquisition Stock Repurchases Acquisitions (One-time acquisition costs and 3,253,060 shares associated with the acquisition reduced tangible book value per share by $0.50, oF by 4.35% LCNB ended 2018 with a tangible book valu
Slide 26: Corporate Governance
Corporate Governance LENB Corp. | Q2, 2025 Investor Presentation
Slide 27: Longstanding and Growing Dividend
Longstanding and Growing Dividend Strong balance sheet and compelling financial model supports growing dividend policy DIVIDEND HIGHLIGHTS second quarter ended June 5, LCNB paid a $0 hare dividend From 1998 to LCNB delivered a total shareholder return of 478 outperforming th .q Bank Index, which ret
Slide 28: Board of Directors
Board of Directors Accomplished and well-versed Board of Directors Former C£O of (CNB Sec —— Gaing Caprese fame betenenmmitnea ° ° ° fone Roeavecivaes = = ° coatestolebropetes he ad ° ° ° Fomereccenmactocticns 7385 ° ° ° ° ° Fome Sone iid ° ° ° ° ° Coed courte cd ° ° ° ° Atoreyalowent& Hota = «72 OB
Slide 29: Management Team
Management Team Seasoned management team of experienced bankers Cama pate eM outrece ora ia W resources rolasthroughout hs 35+ = ‘operational postions during his 30+ Comoe atin Fm eae mia es ienasrpoaiomae Gocinsovccne ROM mesemenseenre Se ase pale na a itt scneramneeess siescnewen coroner ores A co
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 Dols in thousands (except per share data) 2020 2021. 2022 2023 2024 [Net interest income 56.218 57.424 61,042 56349 60,705 Provision for (recovery of eredit losses 2.014 (269) 250 2077 1.962 "Noninterest income 45,741 16232 14,288 45411 20,404 "Noninterest expense 45,785 48,040 43,
Slide 33: Quarterly Financials
Quarterly Financials Doliars in thousands (except per share data) 92.2024 93.2024 42004 91.2005 92.2005 ‘Net interest income 15217 14970 16,713, 16,299 47.541 Provision for (recovery of for credit losses 528 660 649 197 a8 "Noninterest income 4,080 6.407 5,988 5,222 5.248 "Noninterest expense 17,825
Slide 34: Reconciliation of Net Income Less Tax-Effected Merger-Related Costs
Reconciliation of Net Income Less Tax-Effected Merger-Related Costs Thee Months Ended. “Twolve Months Ended, Dols in thousands. 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 12/31/2023 12/31/2024 8 ($293) 1915 925 4532 6.120 12,628 39,492 ‘Merger expense add back 31a 775 2320 281 68 4656 9442
Slide 35: A ed
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