Lcnb Corporation · NASDAQ:LCNB
Lcnb — Merger or Acquisition (November 2023)
12 slides from Lcnb's merger presentation, Nov 29, 2023
Slide 1: Strategic Acquisition of Eagle Financial Bancorp, Inc.
LCNB Operations Center, Lebanon OH Investor Presentation November 29, 2023 NASDAQ: LCNB Strategic Acquisition of Eagle Financial Bancorp, Inc.
Slide 2: Forward Looking Statements
Forward Looking This presentation, as well as other written or oral communications made from time to time by us, contains certain forward-looking information within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. These statements relate to
Slide 3: Transaction Highlights
Strong Strategic Fit Transaction Highlights A strategic acquisition creating the leading community banking institution in Greater Cincinnati Financially Compelling Culturally Aligned ▪ Expands LCNB’s branch footprint in Cincinnati ▪ Complements the acquisition of Cincinnati Bancorp, Inc. (“CNNB”) wh
Slide 4: Eagle Financial Bancorp, Inc. Overview
Strategic Acquisition of Eagle Financial Bancorp, Inc. LCNB has grown to become one of the largest community banks in Ohio P A G E 4 Eagle Financial Bancorp, Inc. Overview Total Assets ($000s) Total Deposits ($000s)Financial Highlights ▪ Community banking focused institution founded in 1882 ▪ Headqu
Slide 5: Expands Presence in Greater Cincinnati
Expands Presence in Greater Cincinnati Operating in robust, growing Ohio markets P A G E 5 Cincinnati Counties Dayton Counties Columbus Counties Micropolitan Counties Fastest Growing Ohio Counties LCNB’s markets include 9 of the top 10 fastest growing counties in Ohio according to www.stacker.com LC
Slide 6: Financially Compelling Transaction
Financially Compelling Transaction Transaction provides an immediate benefit to LCNB with flexibility to the combined balance sheet P A G E 6 Transaction Consideration ➢ $23.1 million in aggregate or $17.73 blended price per share 1 ➢ Fixed exchange ratio of 1.1401 shares of LCNB stock or a fixed ca
Slide 7: Pro Forma Financial Impact
Pro Forma Financial Impact The pricing and pro forma results below assume a 60% stock/40% cash consideration mix P A G E 7 11.5% 2025 EPS Accretion Key Financial Metrics 1 Key Financial Metrics – Excluding Marks and AOCI 2 11.1% 2026 EPS Accretion 2.1 Years TBV Earnback 2.4% Pro Forma/TBV Dilution a
Slide 8: Pro Forma Loan Composition
P A G E 8 Pro Forma Loan Composition Strong pro forma loan portfolio with additional room for balance sheet optimization Note: Call report data as September 30, 2023. Includes loans held for sale. L C N B C O R P . | S T R A T E G I C A C Q U I S I T I O N O F E A G L E F I N A N C I A L B A N C O R
Slide 9: Pro Forma Deposit Composition
Pro Forma Deposit Composition Strong pro forma funding profile with additional room for balance sheet optimization P A G E 9 Note: Call report data as of September 30, 2023 L C N B C O R P . | S T R A T E G I C A C Q U I S I T I O N O F E A G L E F I N A N C I A L B A N C O R P , I N C . ($000s) % o
Slide 10: Experienced Acquiror & Organic Growth Model
788.6 932.3 1,108.1 1,280.5 1,306.8 1,295.6 1,636.9 1,639.3 1,745.9 1,903.6 1,919.1 2,468.6 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 3Q2023 P A G E 1 0 Experienced Acquiror & Organic Growth Model LCNB has a consistent track record of growing both organically and through strategic acqui
Slide 11: Transaction Summary
Transaction Summary LCNB is focused on moving Further Together to create value for all the Company’s stakeholders P A G E 1 1 ✓ Further expands LCNB’s branch footprint in the dynamic Cincinnati market ✓ Enables significant cross-selling and growth potential within LCNB’s Wealth and Lending lines of
Slide 12: LCNB contact information
12 lcnbcorp.com NASDAQ: LCNB LCNB National Bank | lcnb.com 2 N. Broadway Lebanon, OH 45036 Member FDIC | Equal Housing Lender #furthertogether