LCNB Corp. reported a net income of $6.9 million for the third quarter of 2025, translating to basic and diluted earnings per share of $0.49, a significant increase from the $4.5 million net income and $0.31 per share reported in the same quarter of 2024. For the nine months ending September 30, 2025, the company achieved a net income of $17.5 million, or $1.23 per share, compared to $7.4 million, or $0.53 per share, for the corresponding period in the previous year. The increase in profitability is attributed to a rise in net interest income, which reached $18.1 million for the quarter and $52.0 million for the nine months, up from $15.0 million and $44.1 million, respectively, in 2024.
The company experienced a decrease in total assets, which fell to $2.24 billion as of September 30, 2025, down from $2.31 billion at the end of 2024. This decline was primarily driven by a reduction in loans, which decreased to $1.67 billion from $1.71 billion, reflecting timing of borrower payoffs and portfolio rebalancing efforts. Total deposits also decreased to $1.85 billion, down from $1.88 billion, with notable declines in IRA and time certificate deposits. However, LCNB's shareholders' equity increased to $269.9 million, up from $253.0 million, bolstered by retained earnings and a reduction in accumulated other comprehensive loss.
Strategically, LCNB completed the acquisition of Eagle Financial Bancorp, Inc. in April 2024, which expanded its presence in the Cincinnati market. The integration of this acquisition has contributed to the company's growth, although it also incurred merger-related expenses in the previous year. The company reported a provision for credit losses of $211,000 for the third quarter of 2025, a decrease from $660,000 in the same quarter of 2024, indicating improved credit quality and management of loan risks.
Operationally, LCNB's loan portfolio remains diversified, with commercial real estate loans constituting approximately 65% of total loans. The company continues to monitor credit quality closely, with a focus on maintaining adequate reserves for potential credit losses. Looking ahead, LCNB anticipates continued challenges in the economic environment, including interest rate fluctuations and competitive pressures, but remains committed to managing its resources effectively to support growth and profitability.
About LCNB CORP
LCNB Corp. is a financial holding company based in Ohio, primarily operating through its wholly-owned subsidiary, LCNB National Bank. It offers a range of banking services including commercial, real estate, consumer, and agricultural loans, along with wealth management, trust, and investment services. Serving Ohio and Kentucky, it emphasizes community banking, personal service, and technological innovation to compete in a highly regulated, competitive market.
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