LCNB (LCNB) investor relations material

Executive summary

• Net income for Q2 2026 was $7.5 million, up 26.6% year-over-year, with six-month net income at $11.9 million, up from $10.5 million year-over-year.

• Earnings per share for Q2 2026 were $0.53 (basic and diluted), up 29% year-over-year; six-month EPS was $0.84, up from $0.74.

• Net interest income reached a record $19.8 million for Q2 2026, up 12.8% year-over-year, driven by higher yields and lower interest expense.

• Tangible book value per share increased 10.4% year-over-year to $12.90.

• Wealth management assets reached $1.7 billion, up 15.3% year-over-year, generating $2.7 million in fiduciary income.

Financial highlights

• Net interest margin for Q2 2026 was 3.99%, up 52 basis points from Q2 2025.

• Non-interest income for Q2 2026 was $5.4 million, up from $5.2 million; six-month non-interest income declined due to lower loan sale gains.

• Non-interest expense for Q2 2026 was $15.7 million, nearly flat year-over-year; six-month non-interest expense rose $0.2 million.

• Total assets at June 30, 2026 were $2.22 billion, down 0.76% from December 31, 2025.

• Loans, net, decreased 0.35% to $1.69 billion, despite record originations, due to elevated payoffs and paydowns.

Outlook and guidance

• Management expects continued profitable growth and value creation for the remainder of 2026, focusing on disciplined risk management and asset quality.

• The company anticipates entering into a $25 million, 10-year fixed-to-floating rate note issuance in August 2026, with proceeds to repay existing debt and for general corporate purposes.