LCNB Corp. Reports Financial Results for the Three and Nine months Ended September 30, 2026
Business Wire•15/10/2026•16:05 ET
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Key Highlights
- ➤Q3 net income $7.3 million, up 5.4% year-over-year
- ➤Nine-month net interest income $58.3 million, up 12.2% year-over-year
- ➤Q3 net interest margin 3.92%, up 35 basis points year-over-year
- ➤Tangible book value per share $13.02, up 7.2% year-over-year
- ➤Nine-month net charge-offs $3.5 million, versus $287,000 last year
Expert Statements
Eric Meilstrup, Chief Executive Officer of LCNB Corp.
“Our solid third quarter and year-to-date financial performance highlights the continued execution of balance sheet optimization and funding discipline strategies, which have contributed to a 108-basis-point improvement in net interest margin over the past two years, from 2.84% in the third quarter of 2024 to 3.92% in the third quarter of 2026, demonstrating the strengthening of our core earnings power. With much of this foundational work behind us, we are increasingly focused on translating our enhanced financial position and expanded capabilities into profitable organic growth. During the quarter, we completed our first $25 million subordinated debt offering, providing additional capital to support future growth and advance our expansion strategies.”
Eric Meilstrup, Chief Executive Officer of LCNB Corp.
“We continue to enhance our platform, broaden our product offering, and pursue opportunities to deepen existing customer relationships while reaching more individuals and businesses throughout our Ohio markets. Wealth Management remains an important component of this strategy, as we establish new client relationships and focus on growing assets under management. These efforts are positively impacting our financial performance, with fiduciary income increasing 12.7% year-over-year to $7.9 million for the first nine months of 2026.”
Eric Meilstrup, Chief Executive Officer of LCNB Corp.
“Our balance sheet remains strong, supported by a stable, relationship-driven deposit base, solid capital and liquidity levels, disciplined lending, and sound asset quality. We remain focused on improving operating efficiency and leveraging the investments we have made in our franchise to drive sustainable earnings growth. As we look ahead, we believe our strengthened financial position and diversified revenue platform provide a solid foundation to deliver continued value to our shareholders,”
LCNB Corp. Reports Financial Results for the Three and Nine months Ended September 30, 2026
Third quarter 2026 net income increased 5.4% year-over-year to $7.3 million, or $0.51 per diluted share, producing an ROAA of 1.29%
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