Quarterly ResultMay 6, 2026, 04:10 PM
LCNB Q1 Net Income $4.44M, EPS $0.31; Credit Loss Provision Soars
AI Summary
LCNB Corp. reported a net income of $4.44 million for the first quarter of 2026, a decrease from $4.61 million in the prior year. Diluted earnings per share also fell to $0.31 from $0.33. While net interest income saw a significant increase, this was largely offset by a substantial rise in the provision for credit losses and an increase in non-accrual loans, indicating potential concerns regarding asset quality.
Key Highlights
- Net income for Q1 2026 decreased by 3.6% to $4.44 million from $4.61 million in Q1 2025.
- Diluted earnings per share for Q1 2026 decreased by 6.1% to $0.31 from $0.33 in Q1 2025.
- Net interest income increased by 15.6% to $18.85 million in Q1 2026 from $16.30 million in Q1 2025.
- Provision for credit losses surged to $2.34 million in Q1 2026, up from $0.20 million in Q1 2025.
- Non-accrual loans increased to $3.15 million at March 31, 2026, from $1.79 million at December 31, 2025.
- Total assets decreased slightly to $2.24 billion at March 31, 2026, from $2.24 billion at December 31, 2025.
- Total deposits decreased to $1.84 billion at March 31, 2026, from $1.84 billion at December 31, 2025.
Price Impact
More from LCNB