LCNB Reports Q4 Net Income of $6.1 Million
LEBANON, Ohio, Feb. 23, 2023 (GLOBE NEWSWIRE) -- LCNB Corp. (LCNB) reported net income of $6.1 million for its fourth quarter, an increase from the previous year.
Key Financial Metrics:
* Net income: $6.1 million
* Earnings per share: 44 cents
* Revenue: $32.9 million
* Revenue net of interest expense: $22.7 million
LCNB's revenue exceeded analysts' expectations, driven by solid loan growth and increased non-interest income. For the full year, the company reported a profit of $13.5 million and revenue of $81.2 million.
LCNB remains well-positioned with a strong capital position and a commitment to serving its customers. The company continues to invest in its digital capabilities and grow its market share.