LCNB (NASDAQ:LCNB) Stock

LCNB

LCNB Corp operates within the financial sector in the United States. As the holding company of the National Bank, it conducts the business of providing commercial and personal banking services. Its suite of banking products includes commercial and industrial loans, consumer loans, safe deposit boxes, night depositories, cashier's checks, utility bill collections and notary public service. Besides, it provides the avenue of United States Treasury notes, the United States agency notes, certificates of deposit, and equity securities.

LCNB Corp

LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>) reported quarterly earnings of $0.44 per share which beat the analyst consensus estimate of $0.32 by 37.5 percent. This is a 29.41 percent increase over earnings of $0.34 per share from the same period last year.

Earnings

Earnings Beats

News

LCNB Q4 Adj $0.44 Beats $0.32 Estimate

LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>) reported quarterly earnings of $0.34 per share which beat the analyst consensus estimate of $0.27 by 25.93 percent. This is a 15 percent decrease over earnings of $0.40 per share from the same period last year.

LCNB Q3 Adj EPS $0.34 Beats $0.27 Estimate

LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>) reported quarterly earnings of $0.29 per share which beat the analyst consensus estimate of $0.18 by 61.11 percent. This is a 35.56 percent decrease over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $19.30 million which beat the analyst consensus estimate of $17.20 million by 12.19 percent. This is a 8.27 percent increase over sales of $17.82 million the same period last year.

LCNB Q2 Adj $0.29 Beats $0.18 Estimate, Sales $19.30M Beat $17.20M Estimate

LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>) reported quarterly earnings of $0.20 per share which missed the analyst consensus estimate of $0.36 by 44.44 percent. This is a 45.95 percent decrease over earnings of $0.37 per share from the same period last year.

Earnings Misses

LCNB Q1 Adj $0.20 Misses $0.36 Estimate

Wednesday marks the last chance for investors to receive the next dividend payout from LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a quarterly dividend of 22 cents per share. On Thursday, LCNB will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 22 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own LCNB as of the end of Wednesday's session are eligible to receive the 22 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 15, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

LCNB: Dividend Insights

LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>) reported its Q4 earnings results on Wednesday, January 31, 2024 at 09:08 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
LCNB missed estimated earnings by 5.56%, reporting an EPS of $0.34 versus an estimate of $0.36.
Revenue was down $572 thousand from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.0 which was followed by a 2.99% increase in the share price the next day.

&#x2A;&#x2A; Listen to the earnings announcement yourself by <a href="">clicking here</a>. &#x2A;&#x2A;
To track all earnings releases for LCNB <a href="https://www.benzinga.com/quote/LCNB/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

LCNB: Q4 Earnings Insights

LCNB Expects Acquisition Of Eagle Financial Bancorp To Close During Q2 2024

LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>) reported quarterly losses of $(0.02) per share which missed the analyst consensus estimate of $0.36 by 105.56 percent.

LCNB Q4 2023 Adj EPS $(0.02) Misses $0.36 Estimate

By the close of today, January 16, 2024, First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) will issue a dividend payout of $0.06 per share, resulting in an annualized dividend yield of 0.98%. Only those investors who owned the stock prior to the ex-dividend date on December 28, 2023 will receive this payout.
<h3>First Internet Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-12-28</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.98%</td>
<td>2023-12-19</td>
<td>2023-12-29</td>
<td>2024-01-16</td>
</tr>
<tr>
<td>2023-09-28</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.37%</td>
<td>2023-09-19</td>
<td>2023-09-29</td>
<td>2023-10-16</td>
</tr>
<tr>
<td>2023-06-29</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.63%</td>
<td>2023-06-20</td>
<td>2023-06-30</td>
<td>2023-07-17</td>
</tr>
<tr>
<td>2023-03-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.26%</td>
<td>2023-03-21</td>
<td>2023-03-31</td>
<td>2023-04-17</td>
</tr>
<tr>
<td>2022-12-29</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.06%</td>
<td>2022-12-20</td>
<td>2022-12-30</td>
<td>2023-01-17</td>
</tr>
<tr>
<td>2022-09-29</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.65%</td>
<td>2022-09-20</td>
<td>2022-09-30</td>
<td>2022-10-17</td>
</tr>
<tr>
<td>2022-06-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.65%</td>
<td>2022-06-21</td>
<td>2022-07-01</td>
<td>2022-07-15</td>
</tr>
<tr>
<td>2022-03-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.51%</td>
<td>2022-03-21</td>
<td>2022-03-31</td>
<td>2022-04-18</td>
</tr>
<tr>
<td>2021-12-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.56%</td>
<td>2021-12-21</td>
<td>2021-12-31</td>
<td>2022-01-18</td>
</tr>
<tr>
<td>2021-09-29</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.79%</td>
<td>2021-09-20</td>
<td>2021-09-30</td>
<td>2021-10-15</td>
</tr>
<tr>
<td>2021-06-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.79%</td>
<td>2021-06-21</td>
<td>2021-07-01</td>
<td>2021-07-15</td>
</tr>
<tr>
<td>2021-03-30</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>0.62%</td>
<td>2021-03-16</td>
<td>2021-03-31</td>
<td>2021-04-15</td>
</tr>
</tbody>
</table>
First Internet's dividend yield is on the lower end compared to its industry peers, with LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>) having a higher annualized dividend yield of 5.90%.
<h3>Analyzing First Internet Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1705417534_0.png" alt="dividend chart graph" />
The company has consistently maintained a dividend per share of $0.24 from 2020 to 2023. This unwavering dividend policy instills confidence in investors, as they can rely on a consistent income stream from the company's dividends.
<h3>YoY Earnings Growth For First Internet</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1705417534_1.png" alt="earning chart graph" />
Investors can observe a decrease in First Internet's earnings per share from $2.77 in 2020 to $2.04 in 2023. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.
<h3>Recap</h3>
This article delves into the recent dividend payout of First Internet and its implications for shareholders. Presently, the company is distributing a dividend of $0.06 per share, leading to an annualized dividend yield of 0.98%.
First Internet's dividend yield is on the lower end compared to its industry peers, with LCNB having a higher annualized dividend yield of 5.90%.
Despite no adjustment in the dividend per share over the period of 2020 to 2023, the consistent decrease in earnings per share for First Internet highlights a deteriorating financial status, potentially impacting the company's ability to share profits with its investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
[Monitor live stock price updates for First Internet on Benzinga.](https://www.benzinga.com/quote/First Internet (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inbk#NASDAQ">INBK</a>))
This article was generated by Benzinga's automated content engine and reviewed by an editor.

INBK

Expanding Horizons: First Internet Navigating Uncertain Times with Dividend Adjustments

By the close of today, January 11, 2024, First of Long Island (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLIC#NASDAQ">FLIC</a>) will issue a dividend payout of $0.21 per share, resulting in an annualized dividend yield of 6.36%. Only those investors who owned the stock prior to the ex-dividend date on December 29, 2023 will receive this payout.
<h3>First of Long Island Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-12-29</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>6.36%</td>
<td>2023-12-15</td>
<td>2024-01-02</td>
<td>2024-01-11</td>
</tr>
<tr>
<td>2023-10-10</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>7.3%</td>
<td>2023-09-29</td>
<td>2023-10-11</td>
<td>2023-10-19</td>
</tr>
<tr>
<td>2023-07-11</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>6.94%</td>
<td>2023-06-30</td>
<td>2023-07-12</td>
<td>2023-07-20</td>
</tr>
<tr>
<td>2023-03-15</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>4.95%</td>
<td>2023-03-03</td>
<td>2023-03-16</td>
<td>2023-03-24</td>
</tr>
<tr>
<td>2022-12-30</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>4.64%</td>
<td>2022-12-16</td>
<td>2023-01-03</td>
<td>2023-01-12</td>
</tr>
<tr>
<td>2022-10-11</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>4.83%</td>
<td>2022-09-30</td>
<td>2022-10-12</td>
<td>2022-10-21</td>
</tr>
<tr>
<td>2022-07-13</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>4.56%</td>
<td>2022-07-01</td>
<td>2022-07-14</td>
<td>2022-07-22</td>
</tr>
<tr>
<td>2022-03-15</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>3.68%</td>
<td>2022-03-04</td>
<td>2022-03-16</td>
<td>2022-03-24</td>
</tr>
<tr>
<td>2022-01-04</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>3.68%</td>
<td>2021-12-17</td>
<td>2022-01-05</td>
<td>2022-01-14</td>
</tr>
<tr>
<td>2021-10-07</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>3.97%</td>
<td>2021-09-24</td>
<td>2021-10-08</td>
<td>2021-10-18</td>
</tr>
<tr>
<td>2021-07-07</td>
<td style="text-align: right;">4</td>
<td>$0.19</td>
<td>3.64%</td>
<td>2021-06-25</td>
<td>2021-07-08</td>
<td>2021-07-16</td>
</tr>
<tr>
<td>2021-03-09</td>
<td style="text-align: right;">4</td>
<td>$0.19</td>
<td>3.95%</td>
<td>2021-02-25</td>
<td>2021-03-10</td>
<td>2021-03-19</td>
</tr>
</tbody>
</table>
In the realm of dividend yield, First of Long Island reigns supreme among its industry peers, surpassing LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>) with an annualized dividend yield of 5.79%.
<h3>Analyzing First of Long Island Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1704985512_0.png" alt="dividend chart graph" />
During the period of 2020 to 2023, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.74 to $0.84, reflecting the company's focus on providing greater returns to its shareholders.
<h3>YoY Earnings Growth For First of Long Island</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1704985512_1.png" alt="earning chart graph" />
From 2020 to 2023, First of Long Island experienced a decrease in earnings per share, dropping from $1.66 to $1.34. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.
<h3>Recap</h3>
This article provides an in-depth analysis of First of Long Island's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.21 per share, resulting in an annualized dividend yield of 6.36%.
In the realm of dividend yield, First of Long Island reigns supreme among its industry peers, surpassing LCNB with an annualized dividend yield of 5.79%.
With dividend per share increasing and earnings per share decreasing from 2020 to 2023, First of Long Island seems to be emphasizing the distribution of profits to investors despite the decline in profitability.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FLIC

Adapting to Market Pressures: First of Long Island Supports Investors amidst Changing Profits

EFBI

EFBI Shareholders Will Have The Opportunity To Elect To Receive Either 1.1401 Shares Of LCNB Stock Or $19.10 Per Share In Cash For Each Share Of EFBI Common Stock Owned

Transaction will create one of the largest community banks in Southwest Ohio
Expected to be accretive to earnings per share in year one
Expected earn-back of tangible book value dilution in approximately 2.1 years
LCNB Corp. (&quot;LCNB&quot;)(NASDAQ:<a href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>), the holding company for LCNB National Bank, and Eagle Financial Bancorp, Inc. (&quot;EFBI&quot; or &quot;Eagle&quot;) (OTCQB:<a href="https://www.benzinga.com/stock/EFBI#OTCQB">EFBI</a>), the holding company for EAGLE.bank, announced today that they have signed a definitive merger agreement whereby LCNB will acquire EFBI in a stock-and-cash transaction. EAGLE.bank operates three full-service banking offices in Cincinnati, Ohio. EFBI had approximately&nbsp;$175.8 million&nbsp;in assets,&nbsp;$140.8 million&nbsp;in loans,&nbsp;$135.0 million&nbsp;of deposits, and&nbsp;$26.3 million&nbsp;in consolidated stockholders&#39; equity as of September 30, 2023. When completed, the transaction will increase LCNB&#39;s presence in the Cincinnati market.
Subject to the terms of the merger agreement, which has been approved by the Board of Directors of each company, EFBI shareholders will have the opportunity to elect to receive either 1.1401 shares of LCNB stock or&nbsp;$19.10&nbsp;per share in cash for each share of EFBI common stock owned, subject to at least&nbsp;60%, but not more than&nbsp;70%&nbsp;of the shares of EFBI being exchanged for LCNB common stock. As of September 30, 2023, EFBI reported 1,342,275 shares of common stock outstanding, as well as 115,807 options with a weighted average strike price of&nbsp;$16.18&nbsp;per share (each option carries the right to purchase one EFBI share). Any unexercised stock options of EFBI will be canceled, prior to the effective time of the merger, in exchange for a cash payment per option equal to the difference between&nbsp;$19.10&nbsp;and the exercise price of the option. Based on LCNB&#39;s closing share price of&nbsp;$14.65&nbsp;as of November 28, 2023, and assuming&nbsp;60%&nbsp;of the EFBI shares elect stock, the aggregate transaction value is&nbsp;$23.1 million&nbsp;and has a blended value of&nbsp;$17.73&nbsp;for each EFBI share. For EFBI this equates to&nbsp;91%&nbsp;of tangible book value as of September 30, 2023.
Eric Meilstrup, President and CEO of LCNB, stated, &quot;We are thrilled to announce the agreement with Eagle Financial Bancorp. Eagle represents the second acquisition we have announced this year, and further supports our growth in the Cincinnati region. Upon completion of the transaction, LCNB will have 25 branches and&nbsp;$1.4 billion&nbsp;in deposits within the Cincinnati MSA, adding to LCNB&#39;s position as one of the largest community banks in Southwest Ohio.&quot;
Mr. Meilstrup continued, &quot;Both LCNB and Eagle have a similar legacy of providing Southwestern Ohio communities with trusted financial services for over 140 years. The combining of our two institutions will provide more benefits, financial products, and opportunities for Eagle&#39;s customers, and create the premier community banking institution in the Cincinnati / Northern Kentucky market. We are excited to welcome Eagle&#39;s employees, customers, and shareholders to LCNB, and we believe this transaction will enhance LCNB&#39;s long-term profitability metrics and earnings growth rate.&quot;
Gary J. Koester, Chairman and CEO of EFBI, stated, &quot;We are excited to join LCNB, a Southwest Ohio-based bank that shares a common philosophy focused on supporting customers, employees, and communities. As part of a larger organization, we believe our customers will benefit from expanded financial products and resources, including trust and wealth management solutions, as well as greater access to additional full-service bank locations throughout the greater Cincinnati market. We also believe that our employees will have greater opportunities for growth and advancement as part of a larger community bank with such an outstanding reputation. Finally, we believe our shareholders will also benefit as part of a larger bank with greater liquidity, strong earnings power, and a very attractive dividend yield.&quot;
Following the merger, Patricia L. Walter, President of EFBI and EAGLE.bank, will join LCNB as an Executive Vice President.
Excluding one-time transaction costs and assuming a&nbsp;second quarter&nbsp;2024 closing date, LCNB expects the transaction to be modestly accretive in 2024 and approximately&nbsp;11.5%&nbsp;and&nbsp;11.1%&nbsp;accretive to 2025 and 2026 fully diluted earnings per share, respectively. One-time transaction costs to be incurred as part of the transaction are estimated at&nbsp;$5.1 million, after-tax. Tangible book value per share dilution is expected to be approximately&nbsp;2.4%&nbsp;at closing, with an expected tangible book value earn-back of approximately 2.1 years using the crossover method. Excluding any interest rate-related purchase accounting adjustments, the transaction would be immediately accretive to tangible book value.
When the transaction is completed, LCNB is estimated to have consolidated assets of approximately&nbsp;$2.5 billion&nbsp;with 36 banking offices in Ohio and one branch office in Northern Kentucky. Subject to regulatory approval, EFBI shareholder approval and other customary conditions set forth in the definitive merger agreement, the transaction is anticipated to close in the&nbsp;second quarter&nbsp;of 2024. LCNB shareholder approval is not required. At closing, EAGLE.bank&#39;s banking offices will become branches of LCNB.
LCNB is being advised by Hovde Group, LLC and Dinsmore &amp; Shohl LLP. EFBI is being advised by Janney Montgomery Scott LLC. and Luse Gorman, PC.

LCNB Corp On Nov. 28 Entered Into An Agreement And Plan Of Merger With Eagle Financial Bancorp

Wednesday marks the last chance for investors to receive the next dividend payout from LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 22 cents per share. On Thursday, LCNB will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 22 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own LCNB as of the end of Wednesday's session are eligible to receive the 22 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 15, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/LCNB">Monitor live stock price updates for LCNB on Benzinga.</a>

Wednesday Is Your Last Chance To Buy LCNB Before The Dividend Payout

LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>) reported quarterly earnings of $0.40 per share which met the analyst consensus estimate. This is a 18.37 percent decrease over earnings of $0.49 per share from the same period last year.

LCNB Q3 Adj. EPS $0.40, Inline

Wednesday marks the last chance for investors to receive the next dividend payout from LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a quarterly dividend of 21 cents per share. On Thursday, LCNB will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 21 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own LCNB as of the end of Wednesday's session are eligible to receive the 21 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on September 15, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on LCNB <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.36 by 25 percent. This is a 8.16 percent decrease over earnings of $0.49 per share from the same period last year. The company reported quarterly sales of $17.82 million which beat the analyst consensus estimate of $14.30 million by 24.64 percent. This is a 4.66 percent decrease over sales of $18.70 million the same period last year.

LCNB Q2 Adjusted EPS $0.45 Beats $0.36 Estimate, Sales $17.82M Beat $14.30M Estimate

LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>) reported quarterly earnings of $0.37 per share which missed the analyst consensus estimate of $0.52 by 28.85 percent. This is a 2.63 percent decrease over earnings of $0.38 per share from the same period last year.

LCNB Q1 EPS $0.37 Misses $0.52 Estimate

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Shares of bank stocks are trading higher as part of what appears to be a relief rally in the sector as several bank names bounce back after facing heavy selling pressure over the last few trading sessions.

This article was originally published on Friday, however it has been updated in light of recent announcements.
The Federal Reserve on Sunday announced that it&nbsp;will provide additional funding to eligible depository institutions to help them meet the&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/03/31311657/bank-makes-bid-for-silicon-valley-bank-while-bitcoin-ether-and-usdc-rebound" target="_blank">needs of all their depositors</a>, a move that will backstop depositors and protect financial institutions, including&nbsp;SVB Financial Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sivb#NYSE">SIVB</a>), and New York-based&nbsp;Signature Bank (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sbny#NYSE">SBNY</a>).
Regulators approved the additional funding&nbsp;through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks,&nbsp;and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral.
So, with the Fed stepping in to provide safegaurds to depositors, is it time to buy the recently beaten down shares of regional banks? Tim Melvin thinks so.&nbsp;&nbsp;
Silicon Valley Bank&#39;s&nbsp;focus on the venture capital industry was its downfall,&nbsp;Melvin, a regional bank trader,<a href="https://www.youtube.com/watch?v=8QhoU0J2Deo"> said on &quot;Benzinga Live&quot; Friday</a>.&nbsp;
Silicon Valley Bank has been closed by the California Department of Financial Protection and Innovation and the Federal Deposit Insurance Corporation (FDIC) has been appointed as the bank&#39;s receiver.
SVB&#39;s parent company, SVB Financial Group&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sivb#NASDAQ">SIVB</a>), failed to raise enough cash to sustain operations, and the bank was closed by the California Department of Financial Protection Friday and<a href="http://www.benzinga.com/government/23/03/31299908/fdic-shuts-down-silicon-valley-bank-here-are-the-details"> taken over by the Federal Deposit Insurance Corp.&nbsp;</a>
The companies&nbsp;most affected by SVB&#39;s collapse are&nbsp;venture capital-funded companies, especially in the tech startup space, Melvin said.&nbsp;
Read More: <a href="https://marketfy.com/portal/tim-melvin/">Check Out Tim Melvin On Marketfy</a>
Melvin On What Happens Now: Early stage venture capital funding has dried up for the&nbsp;affected companies, and if they had money in SVB, they&rsquo;re eligible to receive $250,000 under FDIC&nbsp;rules. Those funds could come as early as Monday, he said.&nbsp;
The FDIC will manage the bank&#39;s assets, securities&nbsp;and loans to recover as much as possible for depositors, who Melvin said will come first, while shareholders, bondholders&nbsp;and preferential investors are still up in the air.
The regional bank expert said expects that depositors will get all or most of their money back, although it will take some time.
In his view, SVB should have halted deposits for a few days to calm the run on the bank instead of letting it turn into total failure, adding that the bank&nbsp;put too much money into its&nbsp;securities portfolio.
Other regional banks like Western Alliance Bancorporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wal#NYSE">WAL</a>) and PacWest Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pacw#NASDAQ">PACW</a>), whose shares have dropped significantly, may not suffer the same fate as SVB, as they do not rely heavily on venture capital relationships, Melvin said.&nbsp;
Melvin said that unlike SVB, which serviced early stage venture funds, Western and PacWest mostly cater to late-stage funds, so while there could be a temptation to bail out a fund if&nbsp;necessary, it would not represent the bulk of deposits at either of the banks.&nbsp;&nbsp;
Melvin said he considers the SVB issue an interesting situation that we will be studying for a long time due to how quickly it occurred &mdash;&nbsp;and the fact that it probably did not have to happen.
The market was the root of the problem, in Melvin&#39;s view,&nbsp;as it marked everything on a quarterly basis, which led to freezing withdrawals and a flood of deposit requests the bank could not handle.
Fear can lead to fear, he told Benzinga.&nbsp;The deposit demand from venture capital and crypto should not be replicated across other industries around the country, but a bank run cannot be completely ruled out, Melvin said.&nbsp;
Melvin&#39;s 5 Bank Trade Ideas: Melvin named five regional banks that are currently trading under book value that could present themselves as opportunities for investors in the near future:
HomeStreet Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hmst#NASDAQ">HMST</a>)
TFS Financial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tfsl#NASDAQ">TFSL</a>)
LCNB Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lcnb#NASDAQ">LCNB</a>)
New York Community Bancorp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nycb#NYSE">NYCB</a>)
Horizon Bancorp Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hbnc#NASDAQ">HBNC</a>)
Watch the full interview here:&nbsp;
<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" frameborder="0" height="315" src="https://www.youtube.com/embed/8QhoU0J2Deo" width="560"></iframe>
Read next:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/03/31301114/sunrun-down-over-10-on-silicon-valley-bank-exposure-what-other-companies-are-expose">Sunrun Down Over 10% On Silicon Valley Bank Exposure: What Other Companies Are Exposed?</a>
Photo via Shutterstock.&nbsp;

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EXCLUSIVE: Fed Steps In To Save Depositors Following SVB Failure; Is The Time To Buy Shares Of Regional Banks?

LCNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCNB#NASDAQ">LCNB</a>) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.49 by 16.33 percent. This is a 26.67 percent increase over earnings of $0.45 per share from the same period last year.

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