Lcnb Corporation · NASDAQ:LCNB
Lcnb — Q3 2026 Earnings Presentation
34 slides from Lcnb's earnings presentation, Nov 3, 2026
Slide 1: Investor Presentation Third Quarter 2026
Investor Presentation Third Quarter 2026 NASDAQ: LCNB LLCNB Operations Center, Lebonen OH
Slide 2: Forward Looking Statements
Forward Looking Tis presentation, 95 wel os oter aren orl conmunistons made frm te time by us, corti cetsinfomaralcokng ifermstin within the meaning ofthe Secries At of 1033, os amended, ond the Secrtes change Act of 1934, os amended. These statements rato future eens or fre pedcns,cludng ever Or Pe
Slide 3: About LCNB
LCNB CORP. About LCNB LCNB CORP. | Q3, 2026 INVESTOR PRESENTATION
Slide 4: Nearly Years of History
Nearly 150 Years of History Our Commitment to Service LCNB's mission is to enhance the liv f our customers, associates, and shareholder while making a meaningful impact in the communtties we serve Ohio’s Community Bank, Positioned for Growth Core Community Banking 35 offices, 78,000+ customers Busin
Slide 5: Compelling Community Banking Presence
Compelling Community Banking Presence Operating in four of Ohio’s most robust and fastest-growing markets Cincinnati Dayton 30" largest U.S. MSA. 76" largest U.S. MSA. i Region is growing in industries ‘Wright-Patterson AFB, Ohio's including advanced largest single-site employer; ‘manufacturing, Lif
Slide 6: Investment Highlights
Investment Highlights Proven Acquirer: TBV dilution from recent acquisitions earned back on or ahead of schedule Expanding Margin: Net interest margin for the third quarter of 202 year as balance sheet repositioning lowered funding costs reased 35 bps year-over- Highly Profitable Platform: Thicd qua
Slide 7: Management Team
Management Team LCNB’s team brings together deep institutional experience and new capabilities to support continued growth and strong execution Our Executive Team Eric J. Meilstrup Bradley A. Ruppert P, Chief investment O Experienced Leadership & Succession Depth rong continuity of team Complementar
Slide 8: Engaged Board Aligned with Shareholders
a LENE Engaged Board Aligned with Shareholders Well-versed, meaningful ownership, and the expertise our strategy requires 10 of 12 6% 50% 5 Joined since 2018 Insider Ownership Independent directors Key Areas of Expertise Our Directors Mary E. Bradford craig M. Johnson Takeitha W. Lawson Forms ston P
Slide 9: Ongoing Strategic Transformation
LCNB CORP. Ongoing Strategic Transformation LCNB CORP. | Q3, 2026 INVESTOR PRESENTATION
Slide 10: Growth-Oriented Strategic Plan
a LENE Growth-Oriented Strategic Plan Priorities focused on producing strong and consistent performance i) Lo) Balance Growth Diversify Revenues Focus on Profitability Focusing on profitable organic Multiple sources of revenue Proactively control costs, pricing growth without compromising support hi
Slide 11: Ongoing Initiatives Supporting Profitable Growth
a LENE Ongoing Initiatives Supporting Profitable Growth Management has executed on its commitments uM Metric 2015 At (9/30/26) Growth Earnings Per Diluted Share $0.64 > $1.75 Noninterest Income $10.1M > $21.0M Fiduciary Income $3.3M . $10.4M Wealth Management AUM. $432.1M > $1.68 ( +204% ) Total Ass
Slide 12: Disciplined Acquisition Strategy
a LENE Disciplined Acquisition Strategy Successfully integrated six bank acquisitions since 2013 Acquisitions Expanded Presence Across Southwest and Central Ohio Proven Acquisition Strategy First Capital BNB Cincinnati Bancshares Bancorp Bancorp I 1 1 2013 2013 2015 2018 2028 2024 Eaton National Col
Slide 13: Delivering on Acquisition Strategy
a LENE Delivering on Acquisition Strategy Both recent acquisitions earned back their tangible book value dilution on or ahead of the announced schedule Tangible Book Value per Share Announced vs. Delivered TBV dilution earn-back, crossover method Cincinnati Eagle ---- Federal Financial cose Nov.2023
Slide 14: Expanding LCNB Wealth Management Opportunities
a LENE Expanding LCNB Wealth Management Opportunities 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 Fiduciary Income (in mitions) (in mitions) 2020-2025 CAGR Growth: 1
Slide 15: Diverse Financial Services
a LENE Diverse Financial Services Personal and Business Banking Services, combined with Wealth Management, deliver high levels of noninterest income Annual Noninterest Income (in millions) $218] 2015 — 2025 Growth s204| Growing revenve streams have resutted in a 115% increase in noninterest income o
Slide 16: Strategic Balance Sheet Management
a LENE Strategic Balance Sheet Management Disciplined balance sheet management is lowering funding costs, improving asset yields, and driving record net interest income ED Cost of Interest-Bearing Liabilities Securities Portfolio Maturities Improved 95 basis points 3.008 200% saan 100% som : 00% L s
Slide 17: NIM Expansion
a LENE NIM Expansion Margin has recovered from its 2024 low and now exceeds the pre-acquisition levels Net Interest Margin Key Net Interest Margin Drivers Ly Improving Earning-Asset Yields 40.77% 3.86% 291% Funding Costs 4 ‘ak and reduce SS) Managing Balance Sheet Mix Fv'24 Asset Yield Funding Cost
Slide 18: Tangible Book Value Plus Dividends
Tangible Book Value Plus Dividends LCNB has generated $9.72 per share of value since 2016 through tangible book value growth and dividends TBV per Share Plus Cumulative Dividends $20.58 gis.6a 827-81 gi6.77 gigse $16.98 el Ele “ 2016 2017S 2018 ~2019 «2020» 2021» 2022S 2023S 2024 © 2025326 mTeVpersh
Slide 19: Longstanding and Growing Dividend
a LENE Longstanding and Growing Dividend Strong balance sheet and compelling financial model supports growing dividend policy $0.88 2.4x 7 Annualized 2026 dividend Increaein anal iden Consecutive annval increases, per share since 1998 2018-2028 ee Renewed growth $1.00 $0.65 > $0.88 | 2018-2026" saan
Slide 20: Total Shareholder Return
Total Shareholder Return LCNB has outperformed the Nasdaq Bank Index over the past 1, 2, and 5 years A 27.2% LeNB dividend yield 23.4% 4.8% ohadend’ share pie as of 9/30/2026 16.2% 3.1% NetdeaBankindan ald 1-Year 2Year S-Year LCNS = Nasdaq Bank index 4170 bps tN? eee 7 +13.5 pts +9.3 pts +14.6 pts $
Slide 21: Financial & Operating Highlights
LCNB CORP. Financial & Operating Highlights LCNB CORP. | Q3, 2026 INVESTOR PRESENTATION
Slide 22: 2026 Third-Quarter Financial Highlights
2026 Third-Quarter Financial Highlights LCNB Strong net interest income, net income and EPS, NIM expanded 35 bps YoY $7.3M $19.7M Net Interest Income ($ in millions) $198 $19.7 $188 181 $18.3 7 fl il 9325 aa25 26 «= a2'26 326 225 325 as'25 at'26 ©0226 03°26 Wealth Management Profitability & Efficien
Slide 23: Measured Growth in Balance Sheet and Earnings
Measured Growth in Balance Sheet and Earnings LCNB [— Consolidated Balance sheet Growth ———_ -— Net income ($0005) 945 a1 28,903 an 182 yg M8 45, 18 yy) 188 ie .4 2222 2 ant ae 137m 140 ce ee Td = cressLoans($5) mem Depests (58) —p-Loans /Depasts(') 2216 23078 arog 22818 ios 19194 ama | sos | asog |
Slide 24: Financial Performance Trends
Financial Performance Trends Profitability Dynamics and Operating Performance [— Net interest Margin (%) — ROAA(%) 391 BAS, BES) 3.14 291 550, 113 116 1s 2202 02320242025 YDSep26| | 22 022 —«2023_~——-2028_— 2025 YTD Sep-26, [— efficiency Rati (§6) | -—_roarce 65.28 63.73 8S TT g7a7ga.g5 ae 18 13.91
Slide 25: Loan Portfolio Summary
Loan Portfolio Summary LCNB maintains a conservatively underwritten, real-estate-focused loan portfolio, leveraging its long standing CRE expertise to support disciplined, relationship-driven credit growth Disciplined Lending Strategy + Products include commercial and industrial loans, commercial an
Slide 26: Credit Quality
ron, Strong credit quality, with third quarter 2026 nonperforming loans representing 0.24% of total loans Credit Quality +The Bank had $3.9 millon in nonaccrual loans as of September 30, 2026, with specific credit loss reserves of $0.6 millon assigned. + Most of LCNA's past due loans are concentrate
Slide 27: Adequately Reserved Loan Portfolio
Adequately Reserved Loan Portfolio LCNB Reserve of $13.3 million covers nonperforming loans more than 3x Loan Loss Reserve Overview + LENB cautiously monitors its loan portfolio and records provision expense accordingly to maintain an adequate level of loan loss reserves and strong asset quality. +T
Slide 28: Deposit Portfolio Summary
Deposit Portfolio Summary LCNB LNB benefits from a sticky, low-cost funding base secured by > 90% core deposit mix, providing stable liquidity and an above-peer net interest margin Disciplined Long-Term Deposit Growth + Since September 30, 2021, total deposits have increased 17.4% or $279 milion to
Slide 29: Summary
Summary LCNB 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
Slide 30: Appendix
LCNB CORP. Appendix LCNB CORP. | Q3, 2026 INVESTOR PRESENTATION
Slide 31: Financial Highlights
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Slide 32: Historical Income Statement
Historical Income Statement Inte come $678 s73559 suosais $103 707 S035 Inset Expense am 23350, 420 a5 2502 Tetiewes income z or ca ar Taz 7653 rovton or rai Losses 20 20n 188 1936 asm Termterertncore Wier proveionforeret mer z wane Err Er wane 7s Nonmarertecors 128 asa 2908 ams 20888 Nonearst Expen
Slide 33: Historical Balance Sheet
Historical Balance Sheet Cash and can Equaerss 13u6 271 3373 35.998 248 73212 vata forSle Secure oaa7 25850 276601 288327 aman 22138 Halstolatrty Secures 22572 13078 15658 16326 36060 306 Pesto. 14500 nes 25266 32108 sane 34708 Sects 35S sae 37s 305735 THs Iss ross eas Halsforinvesenere 8s aon aan a
Slide 34: LCNB Corp. contact details
LCNB CORP. Icnbcorp.com NASDAQ: LCNB LCNB National Bank | 2.N. Broadway, Lebanon, OH 45036 Icnb.com | shareholderrelations@Icnb.com Member FDIC | Equal Housing Lender Tien AR DANA =3 ioe Sa) 3 oa Ya Nan ren Ss ayaa Youn ay Nay Sn Sian en) va yina Yon Jaa Yon’ AaVicy tos aie eee’ Gs Vic Vins i a NANN