The stock is likely to react negatively to the earnings miss and the substantial increase in credit loss provisions, particularly related to the logistics sector. Monitor the next quarter's loan quality metrics and credit costs for signs of stabilization.
Price Chart
Executive Summary
LCNB reported Q1 2026 earnings with diluted EPS of $0.31, missing consensus of $0.35, driven by a significant $2.3 million provision for credit losses related to logistics sector loans. Despite record net interest income and improved asset quality, the earnings miss and elevated charge-offs create near-term headwinds.
Key Financial Metrics
Key Facts
- Q1 2026 diluted EPS was $0.31, missing consensus of $0.35
- Net income was $4.44 million, down from $4.61 million YoY
- Provision for credit losses was $2.34 million, a significant increase from $197,000 YoY
- Net charge-offs were $2.73 million, a sharp rise from $39,000 YoY
- Net interest margin improved to 3.83% from 3.25% YoY
Financial Impact
Earnings miss of $0.04 per share and a $2.1 million increase in provision for credit losses
Risk Factors
- Increased credit risk in the logistics sector
- Elevated provision for credit losses could persist
- Potential for further loan charge-offs
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-013032 |
| Exhibit: ex_933414.htm | 0001437749-26-013032 |
| Document: lcnb20260316_8k.htm | 0001437749-26-013032 |
| Document: 0001437749-26-013032-index-headers.html | 0001437749-26-013032 |
| Document: 0001437749-26-013032-index.html | 0001437749-26-013032 |
| Document: 0001437749-26-013032.txt | 0001437749-26-013032 |
| 8-K Data (Synthetic) | 0001437749-26-013032 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | 8-K | $18.88 | awaiting T+60 | — | $19.81 (+4.93%) |
Aug 19, 2026 9w ago | 8-K | $19.79 | awaiting T+60 | — | $19.81 (+0.10%) |
Aug 7, 2026 11w ago | 8-K | $19.58 | awaiting T+60 | — | $19.81 (+1.17%) |
Apr 22, 2026 26w ago | 8-K | $16.06 $19.81 | ▼ −23.35% | ▼ −18.33% | $19.81 (−23.35%) |
US Market Status
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