LCNB reports higher third-quarter profit: Piper Sandler targets LCNB stock at USD 20.00

Published on 10/16/2026 at 00:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nine-month net interest income rose 8.6 percent to USD 19.7 million. Piper Sandler set a USD 20.00 target for LCNB stock on October 8, 2026.

Earnings and balance sheet

Third-quarter net income reached USD 7.3 million on October 15, 2026.
Nine-month net interest income rose 8.6 percent to USD 19.7 million through September 30, 2026.
Piper Sandler set a USD 20.00 target on October 8, 2026.

LCNB, US50181P1003, Illustration mit AI erstellt.

LCNB Corp. (ISIN US50181P1003) reported third-quarter net income of USD 7.3 million on October 15, 2026, up from USD 6.9 million a year earlier. The result gives LCNB stock a fresh earnings benchmark while credit costs require closer attention.

Third-quarter profit reached USD 7.3 million

According to Morningstar, LCNB reported diluted earnings per share of USD 0.51 for the third quarter of 2026, compared with USD 0.49 in the third quarter of 2025. Nine-month net income reached USD 19.2 million, versus USD 17.5 million in the comparable period.

The latest report also showed nine-month net interest income of USD 58.3 million, compared with USD 52.0 million in the prior-year period. The tax-equivalent net interest margin increased to 3.92 percent from 3.57 percent in the third quarter comparison.

What changed in the balance sheet?

LCNB's balance sheet expanded during the year ended September 30, 2026. Total assets rose 1.7 percent to USD 2.28 billion, while net loans increased 2.2 percent to USD 1.70 billion and total deposits rose 1.8 percent to USD 1.88 billion, according to StockTitan.

The counterpoint is asset quality. Provision for credit losses increased to USD 453,000 in the third quarter from USD 211,000 a year earlier, while nonperforming loans rose to USD 4.1 million from USD 2.0 million.

Three dated events shape the picture

Marketscreener reported on September 17, 2026, that Michael R. Miller would retire effective March 31, 2027. On October 8, 2026, Investing.com reported that Piper Sandler began coverage with a Neutral rating and a USD 20.00 price target.

On October 15, 2026, LCNB released the third-quarter results that now anchor the stock discussion. The company also completed its first USD 25 million subordinated debt offering during the quarter.

The next investor date is October 21

MarketBeat lists an October 21, 2026 conference call at 4:00 p.m. ET. That date should give investors a closer look at loan growth, funding costs and the rise in credit provisions.

Stock context after the report

LCNB's last available Nasdaq quote was USD 18.79 on October 15, 2026 at 4:00 p.m. ET. The finance snapshot also places the 52-week range at USD 14.42 to USD 21.32 and market capitalization at USD 267.9 million as of October 15, 2026.