LCNB Corp. (LCNB)

LCNB Corp. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	96.48	71.89	59.25	56.14	59.27
Interest Income on Investments	8.54	7.71	6.51	5.04	4.51
Total Interest Income	105.02	79.6	65.75	61.18	63.78
Interest Paid on Deposits	35.84	16.57	3.68	3.58	6.63
Interest Paid on Borrowings	8.38	6.68	1.03	0.48	0.93
Total Interest Expense	44.22	23.25	4.71	4.05	7.56
Net Interest Income	60.8	56.35	61.04	57.12	56.22
Net Interest Income Growth (YoY)	7.89%	-7.69%	6.86%	1.61%	3.33%
Trust Income	8.45	7.09	6.47	6.67	5.01
Gain (Loss) on Sale of Investments	-0.21	-	-0.29	0.44	0.9
Other Non-Interest Income	1.98	1.77	1.73	1.72	2.06
Total Non-Interest Income	20.4	15.41	14.29	15.72	15.74
Non-Interest Income Growth (YoY)	32.40%	7.86%	-9.13%	-0.11%	27.47%
Revenues Before Loan Losses	81.2	71.76	75.33	72.85	71.96
Provision for Loan Losses	1.96	2.08	0.25	-0.27	2.01
Revenue	79.24	69.68	75.08	73.12	69.95
Revenue Growth (YoY)	13.71%	-7.19%	2.68%	4.53%	5.10%
Salaries and Employee Benefits	35.17	28.55	27.95	27.37	27.04
Occupancy Expenses	3.73	3.3	3.07	2.95	2.88
Federal Deposit Insurance	1.9	0.93	0.53	0.49	0.26
Amortization of Goodwill & Intangibles	1.14	0.53	0.48	1.04	1.05
Selling, General & Administrative	5.84	7.41	6.96	6.81	6.4
Other Non-Interest Expense	12.06	9.04	9.54	9.38	8.17
Total Non-Interest Expense	59.83	49.77	47.66	48.04	45.79
EBT Excluding Unusual Items	19.4	19.92	27.42	25.08	24.16
Other Unusual Items	-	-	-	0.51	-
Pretax Income	15.96	15.26	26.95	25.59	24.16
Income Tax Expense	2.47	2.63	4.82	4.61	4.09
Net Income	13.49	12.63	22.13	20.97	20.08
Preferred Dividends & Other Adjustments	-	0.09	0.11	0.08	0.05
Net Income to Common	13.49	12.54	22.01	20.9	20.03
Net Income Growth	6.84%	-42.93%	5.50%	4.48%	6.15%
Basic Shares Outstanding	14	11	11	13	13
Diluted Shares Outstanding	14	11	11	13	13
Shares Change (YoY)	21.30%	0.06%	-9.36%	-2.52%	-1.29%
EPS (Basic)	0.97	1.10	1.93	1.66	1.55
EPS (Diluted)	0.97	1.10	1.93	1.66	1.55
EPS Growth	-11.69%	-43.06%	16.22%	7.10%	7.64%
Dividend Per Share	0.880	0.850	0.810	0.770	0.730
Dividend Growth	3.53%	4.94%	5.19%	5.48%	5.80%
Effective Tax Rate	15.47%	17.25%	17.88%	18.02%	16.91%

Source: S&P Capital IQ. Banks template. Financial Sources.