Overview

• U.S. community bank's Q2 net interest income rose !13% yr/yr to record level

• Q2 net income grew to $7.5 mln; EPS up 29% yr/yr to $0.53

• Results driven by higher net interest margin and recent acquisitions

Outlook

• Company says it remains committed to profitable growth and disciplined risk management in 2026

• LCNB says it continues to invest in talent and expand in attractive markets

Result Drivers

• NET INTEREST MARGIN - Higher average yield on earning assets and lower rates on interest-bearing liabilities drove margin expansion and record net interest income

• WEALTH MANAGEMENT - Growth in assets under management and fiduciary income contributed to non-interest income

• ACQUISITION IMPACT - Recent acquisitions, including Cincinnati Federal, supported earnings and tangible book value growth

Company press release: ID:nBw4zm0Rsa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 EPS		$0.53
Q2 Net Income		$7.49 mln
Q2 Net Interest Income		$19.79 mln
Q2 Basic EPS		$0.53
Q2 Pretax Profit		$9.19 mln

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for LCNB Corp is $17.50, about 2.2% below its July 15 closing price of $17.90

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

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