LCNB (LCNB) Q4 2025 earnings summary

Executive summary

• Achieved record annual net income of $23.1 million for 2025, up from $13.5 million in 2024, reflecting transformative acquisitions and strategic initiatives.

• Tangible book value per share rose 13.6% year-over-year to $12.45, driven by strong earnings and improved investment portfolio performance.

• Wealth management assets reached a record $1.56 billion, up 12.9% year-over-year, supporting record fiduciary income of $9.5 million.

Financial highlights

• Q4 2025 net income was $5.7 million, down from $6.1 million in Q4 2024; full-year net income was $23.1 million, up from $13.5 million.

• Q4 EPS was $0.40 (vs. $0.44 in Q4 2024); full-year EPS was $1.63 (vs. $0.97 in 2024).

• Net interest income for 2025 was $70.2 million, up from $60.8 million in 2024; Q4 net interest income was $18.3 million, up from $16.7 million.

• Non-interest income for 2025 rose 6.7% to $21.8 million, driven by higher fiduciary income and service charges.

• Non-interest expense for 2025 decreased by $1.4 million, aided by lower merger-related costs and FDIC premiums.

Outlook and guidance

• Management expects disciplined growth in 2026, focusing on measured loan growth, continued wealth management strength, and stable asset quality.

• Anticipates continued book value growth and consistent returns through a balanced approach.