LCNB Corp. (LCNB) Income Statement
LCNB 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLCNB revenue and net income
Where LCNB's revenue goes
2025Each bar shows an amount and its share of revenue. LCNB kept 18.6% of revenue as net income.
LCNB profit margins
LCNB growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −0.9% | +15.8% | +9.6% | +9.1% |
| Gross profit | +13.3% | +6.1% | +5.4% | +6.6% |
| Operating income | +76.4% | +1.5% | +3.1% | +6.0% |
| Net income | +71.4% | +1.5% | +2.9% | +7.3% |
| EPS (diluted) | +29.9% | −5.1% | +1.3% | +3.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LCNB quarterly EPS vs estimates
LCNB beat the analyst EPS estimate in 5 of the last 8 quarters.
LCNB income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $124.2M | $125.4M | $95.0M | $80.0M | $76.0M | $78.5M | $77.0M | $65.1M | $54.3M | $53.9M |
| Cost of revenue | $34.5M | $46.2M | $25.3M | $5.0M | $3.8M | $9.6M | $11.0M | $7.3M | $3.8M | $4.4M |
| Gross profit | $89.8M | $79.2M | $69.7M | $75.1M | $72.2M | $68.9M | $66.0M | $57.7M | $50.5M | $49.5M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $42.2M | $38.1M | $31.1M | $30.2M | $29.3M | $28.7M | $27.6M | $23.5M | $20.6M | $20.2M |
| Total operating expenses | $61.6M | $63.3M | $54.4M | $48.1M | $46.6M | $44.8M | $42.9M | $39.9M | $33.3M | $32.5M |
| Operating income | $28.2M | $16.0M | $15.3M | $26.9M | $25.6M | $24.2M | $23.0M | $17.8M | $17.2M | $16.9M |
| Interest income | $102.6M | $104.8M | $79.4M | $65.7M | $61.1M | $63.7M | $65.1M | $54.5M | $44.5M | $43.8M |
| Interest expense | $32.5M | $44.2M | $23.2M | $4.7M | $4.1M | $7.6M | $10.8M | $6.4M | $3.6M | $3.5M |
| Income before taxes | $28.2M | $16.0M | $15.3M | $26.9M | $25.6M | $24.2M | $23.0M | $17.8M | $17.2M | $16.9M |
| Income taxes | $5.0M | $2.5M | $2.6M | $4.8M | $4.6M | $4.1M | $4.1M | $2.9M | $4.3M | $4.4M |
| Net income | $23.1M | $13.5M | $12.6M | $22.1M | $21.0M | $20.1M | $18.9M | $14.8M | $13.0M | $12.5M |
| EBITDA | $28.8M | $16.6M | $18.2M | $29.7M | $28.2M | $26.4M | $26.3M | $21.9M | $20.6M | $19.5M |
| EPS (diluted) | $1.65 | $1.27 | $1.50 | $1.93 | $1.64 | $1.55 | $1.46 | $1.39 | $1.25 | $1.18 |
| Gross margin | 72.3% | 63.2% | 73.3% | 93.8% | 95.0% | 87.8% | 85.7% | 88.7% | 93.0% | 91.8% |
| Operating margin | 22.7% | 12.7% | 16.1% | 33.7% | 33.7% | 30.8% | 29.9% | 27.3% | 31.7% | 31.4% |
| Net margin | 18.6% | 10.8% | 13.3% | 27.6% | 27.6% | 25.6% | 24.6% | 22.8% | 23.9% | 23.2% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $31.8M | $31.7M | $30.1M | $30.8M | $32.0M | $31.2M | $30.5M | $32.9M | $32.8M | $31.0M | $28.7M | $26.8M |
| Cost of revenue | $7.2M | $6.8M | $8.9M | $8.4M | $8.4M | $8.4M | $9.2M | $10.8M | $12.1M | $12.3M | $11.0M | $10.9M |
| Gross profit | $24.6M | $24.9M | $21.2M | $22.3M | $23.6M | $22.8M | $21.3M | $22.1M | $20.7M | $18.8M | $17.7M | $15.9M |
| Sales, general & admin | $10.8M | $11.1M | $10.0M | $10.3M | $9.4M | $9.5M | $11.7M | $9.4M | $9.9M | $9.6M | $9.2M | $8.3M |
| Total operating expenses | $15.6M | $15.2M | $15.9M | $15.4M | $15.1M | $15.6M | $15.8M | $14.6M | $15.4M | $17.8M | $15.5M | $16.5M |
| Operating income | $101,000 | $9.7M | $5.3M | $7.0M | $8.5M | $7.2M | $5.5M | $7.5M | $5.3M | $944,000 | $2.2M | −$529,000 |
| Interest income | — | $26.3M | $25.4M | $25.1M | $26.3M | $25.9M | $25.3M | $26.8M | $26.4M | $26.9M | $24.7M | $23.2M |
| Interest expense | $6.7M | $6.5M | $6.6M | $6.9M | $8.2M | $8.4M | $9.0M | $10.2M | $11.4M | $11.7M | $10.9M | $8.7M |
| Income before taxes | $9.0M | $9.2M | $5.3M | $7.0M | $8.5M | $7.2M | $5.5M | $7.5M | $5.3M | $944,000 | $2.2M | −$529,000 |
| Income taxes | $1.7M | $1.7M | $877,000 | $1.3M | $1.5M | $1.3M | $906,000 | $1.3M | $798,000 | $19,000 | $312,000 | −$236,000 |
| Net income | $7.3M | $7.5M | $4.4M | $5.7M | $6.9M | $5.9M | $4.6M | $6.1M | $4.5M | $925,000 | $1.9M | −$293,000 |
| EBITDA | $9.0M | $10.4M | $5.5M | $7.1M | $10.2M | $5.4M | $6.0M | $7.3M | $5.7M | $849,000 | $2.7M | $65,000 |
| EPS (diluted) | $0.51 | $0.53 | $0.31 | $0.40 | $0.49 | $0.43 | $0.33 | $0.44 | $0.34 | $0.29 | $0.20 | $0.34 |
| Gross margin | 77.3% | 78.5% | 70.4% | 72.6% | 73.8% | 73.0% | 69.8% | 67.1% | 63.2% | 60.5% | 61.7% | 59.5% |
| Operating margin | 0.3% | 30.5% | 17.7% | 22.6% | 26.5% | 23.1% | 18.1% | 22.7% | 16.2% | 3.0% | 7.8% | −2.0% |
| Net margin | 23.0% | 23.7% | 14.8% | 18.4% | 21.7% | 19.0% | 15.1% | 18.6% | 13.8% | 3.0% | 6.7% | −1.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LCNB's financial statements (latest annual report filed March 11, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LCNB financial results
In fiscal year 2025 (ended December 31, 2025), LCNB reported revenue of $124.2 million, down 0.9% from the year before. It had net income of $23.1 million (up 71.4%), a net profit margin of 18.6%. Diluted earnings per share came to $1.65. Over five years revenue grew at an average rate of 9.6% a year.
See the LCNB stock overview for the latest quote and news, or the LCNB chart for price history and technical indicators.
LCNB income statement FAQ
What is LCNB's annual revenue?
LCNB reported total revenue of $124.2 million for fiscal year 2025, which ended on December 31, 2025. That was down 0.9% from $125.4 million the previous year.
Is LCNB profitable?
Yes. LCNB reported net income of $23.1 million in fiscal 2025, a net profit margin of 18.6%; its operating margin was 22.7%.
What is LCNB's gross margin?
LCNB's gross margin was 72.3% in fiscal 2025: for every $100 of revenue, LCNB kept $72 after the direct cost of its products and services.
How fast is LCNB growing?
Revenue grew 9.6% a year on average over the last five fiscal years, from $78.5 million to $124.2 million.
What are LCNB's earnings per share?
LCNB earned $1.65 per diluted share in fiscal 2025, compared with $1.27 a year earlier.
When does LCNB's fiscal year end?
LCNB's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 11, 2026.