Slide 1: Investor Presentation Third Quarter 2025
Investor Presentation Third Quarter 2025 NASDAQ: LCNB LENB Operations Center, Lebanon OH
Slide 2: Forward Looking
Forward Looking ‘Tis preset, 05 wel as other wrtten ra communctens made from timeto time by us, cortalnscetanfomterdeckng infrmsion whi the meonng of the Securties Act of 1933, 05 ‘mended, and the Societe Echange ct ct 1938 ae amended Thee sutemente rate o fire event or iturepredcion, nluang svete o
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 fora 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 nets 1 courtier in OH, Y and [MSA the 30° largest inthe US. Population: 22 milion Cincinnati | sex growing ar crgohub north America supported by incinnat Countle Martat Amaten'sS15bilon Pimeai
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 Recent acquisitions support significant value @ e Dayto creation opportunities o ° Oo Increased scale and added significant exposure within '; the greater Cincinnati Region incinnati Growt
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 Over 30 bank offices in Southwestern and South-Central Ohio representing fast growing markets with above average household incomes and favorable business landscape rienced Leadership
Slide 8: Corporate Purpose: Go Further Together
Corporate Purpose: Go Further Together Committed to serving all stakeholders Customers & Communities Teammates Shareholders Every product and servceis crafted to Committed to nurturing our asctiatas Focused on producing trong and make a difference for our customers revel arable careerorewth 0 onsite
Slide 9: Strategic Transformation
LCNB CORP. Strategic Transformation LENB Corp. | 03, 2025 Investor Presentation
Slide 10: Growth Oriented Strategic Plan
Growth Oriented Strategic Plan Strategic plan focused on producing strong and consistent performance Balance Growt! Focusing on profitable growth without compromising credit standards Shareholders Longstanding dividend policy and share repurchase program Di F ues Multiple sources of revenue support
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 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 Wealth Manage
Slide 13: Supporting Digital Growth and Customer Engagement
Supporting Digital Growth and Customer Engagement Investing in technology to match customer needs Digital Transactions: Up 5.1% Year-over-Year Investing in Secure Digital and Mobile Platforms 400,000 350,000 300,000 250,000 200,000 392024 492024 192025 292025 392025 Established digital strategy furt
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 Investments Provide modem banking solutions that fit customers’ individual needs Optimize Branch Network Invest in modern, efficie
Slide 15: Successful Strategic Transformation
Successful Strategic Transformation From 2014 to 2024, Total Assets Managed increased at a 10.0% CAGR nse got 3,000,000 «oe Sion 1 Brokerage Accounts 1 Cash Management $2,000,000 ‘Mortgage Loans Serviced 0.0 mWeatth a mLCNB Corp. Assets SSO {in thousands) LONB CORP. | Q3, 2025 INVESTOR SUMMARY PAGE
Slide 16: Financial and Operating Highlights
LCNB CORP. Financial and Operating Highlights LENB Corp. | 03, 2025 Investor Presentation
Slide 17: 2025 Third Quarter Financial Highlights
2025 Third Quarter Financial Highlights Excellent asset quality and strong core operations support compelling financial mode! Total Assets (5 in blions) = a + Total assets at September 30, 2025, decreased 4.4%, to $2.24 billion, from $2.35 billion at September 30, 2024 + During the quarter ended Sep
Slide 18: Capital Allocation
Capital Allocation Compelling financial model supports diverse capital allocation strategies Cumulative Shares Repurchased (inmouaras) 2500 2020 2021 202 2028 2028 a3 2005 (Cash Dividend (-2025nnvsts) soas sost son 2021 2022-2023 2028 as From 2020 - 2024. LCNB repurchased 2,036,356 shares of its out
Slide 19: Capital Levels
Capital Levels Supports strategic and organic growth objectives ‘Average Loans to Deposits 100% 90% 80% 70% 60% 50% 235% 2022 aasx 2% sos 2023 2024 Sept. 20, + With the addition of Cincinnati Federal and Eagle, LCNB had over 78,000 consumer, public fund, small business and norrprofit checking and sa
Slide 20: Deposit Performance
Deposit Performance Prudent management of local and stable deposit base Overview (at September 30, 2025) + Off balance sheet insured cash sweep program + Noninterest-bearing stood at 24.6% of total deposits + Cost of interest-bearing demand and money market, deposits were 1.67% for the three months
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 laans, cas ‘commercial and residential real estate loans, agricultural Besncricer ana inaiel loans, construction loans, various types o
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 6.6% 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% oes + Proven asset quality ‘throughout multiple cycles 0.30% 2010, which was well below peer levels and in the last ons ose oa average loans have | consistently remained 0.40% oars + Net c
Slide 24: Annual Earnings
Annual Earnings (charts 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-ti
Slide 25: Recent Tangible Book Value Drivers
Recent Tangible Book Value Drivers 2018 Columbus 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, or by 4.3% + LCNB ended 2018 with a tangible book value pe
Slide 26: Corporate Governance
Corporate Governance LENB Corp. | 03, 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 For the third quarter ended September 30, 2025, LCNB paid a $0.22 per share dividend From 2019 to 2 annual dividend has increased 124, LCNB delivered ° a total s
Slide 28: Board of Directors
Board of Directors Accomplished and well-versed Board of Directors Cee) Sen tang Coe Wea ones hnceccamnion at See'_—_tenent_ Stra ‘te—— Gana” Spaces Cape, arom Eesumernn 8 =O @ ° oh Faw : Fh icc = = © 8 8 8 @ a oar oo me ° °° ry ° ° | Ee) o 9 @ Tie EEE o 0 8 8 @ | a °o 0° EEE ° Take W. Lawson CFO et
Slide 29: Management Team
Management Team Seasoned management team of experienced bankers Eric. Melstrop Me Melua hasan Robert. Heines Me ins was sche beaalaeemaatiass ‘tomer serve and honan — to aber 20 Had sever PA ecurcesrstivowenourhs 3 Por lera Loi inde VP errant LEN, Srchens of Che copa ‘Andrew Wallace ‘We Wass ines LN
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 i nc
Slide 31: Appendix
LCNB CORP. Appendix
Slide 32: Annual Financials
Annual Financials Doltars in thousands (except per share data) 2020 2021. 2022 2028 2024 Net interest income 56218 87.424 61,042 56349 60,705 Provision for (recovery of credit losses 2014 (269) 250 2077 1,962 "Noninterest income 15,741 16232 14,288 15411 20,404 "Noninterest expense 45,785 43,040 43,
Slide 33: Quarterly Financials
Quarterly Financials Doliars in thousands (except per share data) 93.2024 942024 91.2005 92.2005 93.2025 ‘Net interest income 14970 16,713, 16,299, 17.541 18,126 Provision for (recovery of for credit losses 660 649 197 18 21a "Noninterest income 6.407 5,988 5,222 5.288 5,708 "Noninterest expense 153
Slide 34: Reconciliation of Net Income Less Tax-Effected Merger-Related Costs
Reconciliation of Net Income Less Tax-Effected Merger-Related Costs Thiee Months Ended. “Twelve Months Ended Dollars in thousands. (except per share data) 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 12/31/2023 12/31/2024 ‘Net income S ($293) 1915 925 4532 6.120 12,628 39,492 ‘Merger expense
Slide 35: Tieod
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