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Stock impact report

LCNB Corp. Reports Financial Results for the Three and Six Months Ended June 30, 2019

LCNB Corporation (LCNB) 
Last lcnb corporation earnings: 4/20 06:23 pm Check Earnings Report
US:NASDAQ Investor Relations: lcnb.com/investor-relations
Company Research Source: Business Wire
LEBANON, Ohio--(BUSINESS WIRE)--LCNB Corp. ("LCNB") (NASDAQ: LCNB) today announced net income of $4,728,000 (total basic and diluted earnings per share of $0.36) and $9,355,000 (total basic and diluted earnings per share of $0.71) for the three and six months ended June 30, 2019, respectively. This compares to net income of $2,738,000 (total basic and diluted earnings per share of $0.25) and $5,451,000 (total basic and diluted earnings per share of $0.52) for the same three and six month periods in 2018.Commenting on the financial results, LCNB Chief Executive Officer Eric Meilstrup said, "We are pleased to report strong earnings for the three and six months ended June 30, 2019. Net income for the first half of 2019 was $3,904,000 greater than the first half of 2018, fueled by a $5,425,000 increase in net interest income that resulted primarily from a $70.7 million increase in our net loan portfolio, from $1.155 billion at June 30, 2018 to $1.226 billion at June 30, 2019. Our retu Show less Read more
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