Second quarter 2026, net interest margin increased 52 basis points year-over-year to 3.99%, driving record quarterly net interest income of $19.8 million, a 12.8% year-over-year increase
Record second quarter 2026 net income of $7.5 million; quarterly earnings per share rose 29% year-over-year to $0.53; Return on Average Assets improved to 1.34%
Tangible book value per share increased 10.4% year-over-year to $12.90 per share at June 30, 2026
LCNB Wealth Management assets increased 15.3% year-over-year to a record $1.7 billion at June 30, 2026, producing fiduciary income of $2.7 million for the 2026 second quarter
LEBANON, Ohio, July 16, 2026--(BUSINESS WIRE)--LCNB Corp. ("LCNB") (NASDAQ: LCNB) today announced financial results for the three and six months ended June 30, 2026.
Commenting on the financial results, LCNB Chief Executive Officer, Eric Meilstrup said, "I am pleased to report that LCNB achieved record second quarter financial results across key performance measures, including net interest income, net income, and earnings per diluted share. In addition, we ended the quarter with continued net interest margin expansion, disciplined expense management, solid year-over-year growth at LCNB Wealth Management, and an ROAA of 1.34%. These results reflect the strength of our team, the positive contribution of our recent acquisitions, and the value LCNB continues to provide to the customers, communities, and shareholders we serve."
Mr. Meilstrup continued, "As expected, we earned back the tangible book value dilution from the November 2023 Cincinnati Federal acquisition during the first half of 2026. This milestone reflects the strong earnings performance generated since the acquisition, which contributed to a 10.4% year-over-year increase in tangible book value. At the same time, we continue to invest in our platform to support growth, enhance our operations and services, and improve efficiency. During the second quarter, we expanded our banking team in the Columbus market and added talent to our wealth management team in the Cincinnati market, further strengthening our ability to serve customers and support future growth opportunities. These additions demonstrate our commitment to expanding LCNB's presence in attractive markets while continuing to deliver high-quality service and trusted financial advice."
"We remain focused on the fundamentals that create long-term shareholder value including profitable growth, disciplined risk management, strong asset quality, and deeper customer relationships. During the quarter, we originated approximately $123 million in new loans, while asset quality remained at historically strong levels. LCNB Wealth Management also continues to be an important component of our multi-year growth strategy and helps differentiate LCNB from many community banks in our markets. Looking ahead to the second half of 2026, we remain committed to the core principles that sustain long-term shareholder value. We are executing well, building momentum across our platform, and believe 2026 is shaping up to be a strong year of profitable growth and value creation," concluded Mr. Meilstrup.