LCNB Q1 profit falls on higher credit losses

LCNB

22/04/2026 21:10

Overview

U.S. regional bank's Q1 net interest income rose 15.6% yr/yr to a record high

Q1 net income and EPS declined yr/yr due to higher provision for credit losses

Non-interest income fell 10.1% yr/yr, mainly on lower gains from loan sales

Outlook

Company expects 2026 to be another good year of high profitability

Result Drivers

NET INTEREST MARGIN EXPANSION - Record net interest income was driven by a 58 basis point increase in net interest margin, reflecting higher yields on earning assets and lower interest expense

CREDIT LOSS PROVISION - Higher provision for credit losses, mainly due to two loans in the logistics sector and increased macroeconomic uncertainty, reduced net income and EPS

LOWER NON-INTEREST INCOME - Non-interest income fell 10.1% yr/yr, mainly due to lower gains from loan sales and reduced service charges, partly offset by higher fiduciary income

Company press release: ID:nBw6kGSkva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.31
Q1 Net Income
$4.44 mln
Q1 Net Interest Income
$18.85 mln
Q1 Basic EPS
$0.31
Q1 Pretax Profit
$5.32 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 $18.00, about 7.5% above its April 21 closing price of $16.75

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)