LCNB Corp.

NasdaqCM:LCNB Stock Report

Market Cap: US$215.0m

LCNB Management

Management criteria checks 3/4

LCNB's CEO is Eric Meilstrup, appointed in Oct 2018, has a tenure of 6.17 years. total yearly compensation is $832.93K, comprised of 51.7% salary and 48.3% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth $597.56K. The average tenure of the management team and the board of directors is 7.7 years and 6.3 years respectively.

Key information

Eric Meilstrup

Chief executive officer

US$832.9k

Total compensation

CEO salary percentage51.7%
CEO tenure6.2yrs
CEO ownership0.3%
Management average tenure7.7yrs
Board average tenure6.3yrs

Recent management updates

Shareholders May Be Wary Of Increasing LCNB Corp.'s (NASDAQ:LCNB) CEO Compensation Package

Apr 15
Shareholders May Be Wary Of Increasing LCNB Corp.'s (NASDAQ:LCNB) CEO Compensation Package

Recent updates

LCNB Corp.: 5.9% Dividend Yield But Earnings Likely To Dip And Stock Appears Somewhat Overvalued

Sep 28

One LCNB Corp. (NASDAQ:LCNB) Analyst Just Cut Their EPS Forecasts

May 05
One LCNB Corp. (NASDAQ:LCNB) Analyst Just Cut Their EPS Forecasts

Shareholders May Be Wary Of Increasing LCNB Corp.'s (NASDAQ:LCNB) CEO Compensation Package

Apr 15
Shareholders May Be Wary Of Increasing LCNB Corp.'s (NASDAQ:LCNB) CEO Compensation Package

LCNB's (NASDAQ:LCNB) Shareholders Will Receive A Bigger Dividend Than Last Year

Nov 24
LCNB's (NASDAQ:LCNB) Shareholders Will Receive A Bigger Dividend Than Last Year

LCNB (NASDAQ:LCNB) Will Pay A Dividend Of $0.21

Aug 25
LCNB (NASDAQ:LCNB) Will Pay A Dividend Of $0.21

LCNB's (NASDAQ:LCNB) Shareholders Will Receive A Bigger Dividend Than Last Year

Jan 29
LCNB's (NASDAQ:LCNB) Shareholders Will Receive A Bigger Dividend Than Last Year

LCNB (NASDAQ:LCNB) Is Increasing Its Dividend To $0.21

Nov 25
LCNB (NASDAQ:LCNB) Is Increasing Its Dividend To $0.21

LCNB Corp. Offering A High Dividend Yield With An Apparently Secure Payout

Oct 03

LCNB declares $0.20 dividend

Aug 16

LCNB GAAP EPS of $0.49 beats by $0.09, revenue of $18.69M beats by $4.41M

Jul 26

LCNB: A Handsome 5%+ Yield But The TBV Is Under Pressure

Jul 13

LCNB Corp: Dividend Hike To 4.8% Yield, Huge 8.5% Buyback In Q1, Strong Asset Quality

Apr 28

LCNB Corp.: A Small Cap Bank With A 4.4% Dividend Yield

Mar 30

LCNB: 4.4% Dividend, 18% EPS Growth In Q3, Strong Internal Metrics

Oct 21

LCNB Corp.: Record Second Quarter Earnings, Continued Increase In Dividend At 4.3% Yield

Aug 04

LCNB: 4% Dividend Plus Buybacks, 30% Upside On Decent Growth, 0.9 P/B

Jun 16

The Case For LCNB Corp. (NASDAQ:LCNB): Could It Be A Nice Addition To Your Dividend Portfolio?

May 03
The Case For LCNB Corp. (NASDAQ:LCNB): Could It Be A Nice Addition To Your Dividend Portfolio?

If You Like EPS Growth Then Check Out LCNB (NASDAQ:LCNB) Before It's Too Late

Mar 16
If You Like EPS Growth Then Check Out LCNB (NASDAQ:LCNB) Before It's Too Late

CEO Compensation Analysis

How has Eric Meilstrup's remuneration changed compared to LCNB's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$7m

Jun 30 2024n/an/a

US$7m

Mar 31 2024n/an/a

US$10m

Dec 31 2023US$833kUS$431k

US$13m

Sep 30 2023n/an/a

US$19m

Jun 30 2023n/an/a

US$21m

Mar 31 2023n/an/a

US$22m

Dec 31 2022US$589kUS$395k

US$22m

Sep 30 2022n/an/a

US$21m

Jun 30 2022n/an/a

US$20m

Mar 31 2022n/an/a

US$20m

Dec 31 2021US$650kUS$340k

US$21m

Sep 30 2021n/an/a

US$21m

Jun 30 2021n/an/a

US$20m

Mar 31 2021n/an/a

US$20m

Dec 31 2020US$770kUS$315k

US$20m

Sep 30 2020n/an/a

US$19m

Jun 30 2020n/an/a

US$20m

Mar 31 2020n/an/a

US$19m

Dec 31 2019US$526kUS$275k

US$19m

Sep 30 2019n/an/a

US$19m

Jun 30 2019n/an/a

US$19m

Mar 31 2019n/an/a

US$17m

Dec 31 2018US$243kUS$170k

US$15m

Sep 30 2018n/an/a

US$13m

Jun 30 2018n/an/a

US$12m

Mar 31 2018n/an/a

US$12m

Dec 31 2017US$289kUS$147k

US$13m

Compensation vs Market: Eric's total compensation ($USD832.93K) is below average for companies of similar size in the US market ($USD1.41M).

Compensation vs Earnings: Eric's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Eric Meilstrup (56 yo)

6.2yrs

Tenure

US$832,932

Compensation

Mr. Eric J. Meilstrup has been President of LCNB Corp. and LCNB National Bank since October 1, 2018 and has been Chief Executive Officer of both LCNB Corp. and LCNB National Bank since June 30, 2019. He se...

Leadership Team

NamePositionTenureCompensationOwnership
Eric Meilstrup
President6.2yrsUS$832.93k0.28%
$ 597.6k
Robert Haines
Executive VP & CFO16.9yrsUS$476.12k0.14%
$ 294.2k
Bradley Ruppert
Executive VP7.9yrsUS$420.86k0.11%
$ 227.5k
William Kaufman
Assistant Secretary for the Board & Directorno dataUS$30.00k0.59%
$ 1.3m
Michael Miller
Executive VP & Trust Officer7.7yrsUS$384.66k0.12%
$ 262.7k
Anne Krehbiel
Secretary & Independent Directorno dataUS$38.50k0.071%
$ 152.2k
Lawrence Mulligan
Executive VP & COO5.6yrsno data0.18%
$ 395.9k
Connie Sears
Vice President of Human Resources and Vice President of Human Resources - LCNB National Bankno datano datano data
Timothy Sheridan
Chief Credit Officer and Senior Executive Vice President16.9yrsno datano data
Ann Smith
Senior Vice President16.9yrsno datano data
Patricia Walter
Executive VP & Director of Risk Managementless than a yearno data0.28%
$ 593.8k
Jeff Meeker
Chief Credit Officerless than a yearno datano data

7.7yrs

Average Tenure

55.5yo

Average Age

Experienced Management: LCNB's management team is seasoned and experienced (7.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Eric Meilstrup
President6.2yrsUS$832.93k0.28%
$ 597.6k
William Kaufman
Assistant Secretary for the Board & Director42.9yrsUS$30.00k0.59%
$ 1.3m
Anne Krehbiel
Secretary & Independent Director14.7yrsUS$38.50k0.071%
$ 152.2k
Stephen Wilson
Independent Director42.9yrsUS$36.00k0.46%
$ 994.8k
Steve Foster
Director19.9yrsUS$38.50k0.31%
$ 671.3k
William Huddle
Independent Director6.5yrsUS$38.50k1.2%
$ 2.6m
Spencer Cropper
Independent Chairman18.7yrsUS$46.50k1.02%
$ 2.2m
Mary Bradford
Independent Director5.9yrsUS$42.50k0.053%
$ 114.1k
Robert Bedinghaus
Director1.1yrsUS$5.00k0.58%
$ 1.2m
Michael Johrendt
Independent Director6.1yrsUS$36.00k1.08%
$ 2.3m
Craig Johnson
Independent Director5.6yrsUS$39.00k0.081%
$ 175.0k
Takeitha Lawson
Independent Director3.1yrsUS$36.50k0.019%
$ 39.9k

6.3yrs

Average Tenure

68yo

Average Age

Experienced Board: LCNB's board of directors are considered experienced (6.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 01:21
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

LCNB Corp. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James BeuryBoenning & Scattergood, Inc.
Robert RamseyFBR Capital Markets & Co.
Daniel CardenasJanney Montgomery Scott LLC