LCNB Corp. (LCNB)

LCNB Corp. Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	92.97	71.89	59.25	56.14	59.27	59.01
Interest Income on Investments	8.46	7.71	6.51	5.04	4.51	6.19
Total Interest Income	101.43	79.6	65.75	61.18	63.78	65.19
Interest Paid on Deposits	33.81	16.57	3.68	3.58	6.63	9.53
Interest Paid on Borrowings	8.88	6.68	1.03	0.48	0.93	1.26
Total Interest Expense	42.69	23.25	4.71	4.05	7.56	10.79
Net Interest Income	58.74	56.35	61.04	57.12	56.22	54.41
Net Interest Income Growth (YoY)	1.46%	-7.69%	6.86%	1.61%	3.33%	12.95%
Trust Income	7.97	7.09	6.47	6.67	5.01	4.35
Gain (Loss) on Sale of Assets	0.45	-	-	-	-	0
Gain (Loss) on Sale of Investments	-0.11	-	-0.29	0.44	0.9	0.22
Other Non-Interest Income	1.96	1.77	1.73	1.72	2.06	1.57
Total Non-Interest Income	19.48	15.41	14.29	15.72	15.74	12.35
Non-Interest Income Growth (YoY)	34.93%	7.86%	-9.13%	-0.11%	27.47%	17.89%
Revenues Before Loan Losses	78.22	71.76	75.33	72.85	71.96	66.76
Provision for Loan Losses	3.53	2.08	0.25	-0.27	2.01	0.21
Revenue	74.69	69.68	75.08	73.12	69.95	66.55
Revenue Growth (YoY)	3.03%	-7.19%	2.68%	4.53%	5.10%	15.29%
Salaries and Employee Benefits	33.66	28.55	27.95	27.37	27.04	25.19
Occupancy Expenses	3.85	3.3	3.07	2.95	2.88	2.96
Federal Deposit Insurance	1.71	0.93	0.53	0.49	0.26	0.23
Amortization of Goodwill & Intangibles	1.03	0.53	0.48	1.04	1.05	1.04
Selling, General & Administrative	7.89	7.41	6.96	6.81	6.4	6.33
Other Non-Interest Expense	11.28	9.04	9.54	9.38	8.17	7.67
Total Non-Interest Expense	59.42	49.77	47.66	48.04	45.79	43.41
EBT Excluding Unusual Items	15.26	19.92	27.42	25.08	24.16	23.14
Other Unusual Items	-	-	-	0.51	-	-
Pretax Income	7.97	15.26	26.95	25.59	24.16	23.03
Income Tax Expense	0.89	2.63	4.82	4.61	4.09	4.11
Net Income	7.08	12.63	22.13	20.97	20.08	18.91
Preferred Dividends & Other Adjustments	0.04	0.09	0.11	0.08	0.05	0.03
Net Income to Common	7.04	12.54	22.01	20.9	20.03	18.88
Net Income Growth	-63.38%	-42.93%	5.50%	4.48%	6.15%	27.40%
Basic Shares Outstanding	13	11	11	13	13	13
Diluted Shares Outstanding	13	11	11	13	13	13
Shares Change (YoY)	20.64%	0.06%	-9.36%	-2.52%	-1.29%	9.55%
EPS (Basic)	0.52	1.10	1.93	1.66	1.55	1.44
EPS (Diluted)	0.52	1.10	1.93	1.66	1.55	1.44
EPS Growth	-69.85%	-43.06%	16.22%	7.10%	7.64%	16.13%
Dividend Per Share	0.880	0.850	0.810	0.770	0.730	0.690
Dividend Growth	4.76%	4.94%	5.19%	5.48%	5.80%	6.15%
Effective Tax Rate	11.20%	17.25%	17.88%	18.02%	16.91%	17.86%

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