LCNB Management

Management criteria checks 3/4

LCNB's CEO is Eric Meilstrup, appointed in Oct 2018, has a tenure of 5.58 years. total yearly compensation is $832.93K, comprised of 51.7% salary and 48.3% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth $544.40K. The average tenure of the management team and the board of directors is 7.3 years and 5.8 years respectively.

Key information

Eric Meilstrup

Chief executive officer

US$832.9k

Total compensation

CEO salary percentage	51.7%
CEO tenure	5.6yrs
CEO ownership	0.3%
Management average tenure	7.3yrs
Board average tenure	5.8yrs

Recent management updates

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

Apr 15

Recent updates

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

Apr 15

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

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

Mar 16

Should You Buy LCNB Corp. (NASDAQ:LCNB) For Its Upcoming Dividend?

Feb 21

What Type Of Returns Would LCNB's(NASDAQ:LCNB) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

Feb 18

LCNB Corp.'s (NASDAQ:LCNB) 4.8% Dividend Yield Looks Pretty Interesting

Jan 18

Read This Before Selling LCNB Corp. (NASDAQ:LCNB) Shares

Dec 21

Is It Smart To Buy LCNB Corp. (NASDAQ:LCNB) Before It Goes Ex-Dividend?

Nov 25

LCNB raises dividend by ~6%

Nov 16

CEO Compensation Analysis

How has Eric Meilstrup's remuneration changed compared to LCNB's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$10m
Dec 31 2023	US$833k	US$431k	US$13m
Sep 30 2023	n/a	n/a	US$19m
Jun 30 2023	n/a	n/a	US$21m
Mar 31 2023	n/a	n/a	US$22m
Dec 31 2022	US$589k	US$395k	US$22m
Sep 30 2022	n/a	n/a	US$21m
Jun 30 2022	n/a	n/a	US$20m
Mar 31 2022	n/a	n/a	US$20m
Dec 31 2021	US$650k	US$340k	US$21m
Sep 30 2021	n/a	n/a	US$21m
Jun 30 2021	n/a	n/a	US$20m
Mar 31 2021	n/a	n/a	US$20m
Dec 31 2020	US$770k	US$315k	US$20m
Sep 30 2020	n/a	n/a	US$19m
Jun 30 2020	n/a	n/a	US$20m
Mar 31 2020	n/a	n/a	US$19m
Dec 31 2019	US$526k	US$275k	US$19m
Sep 30 2019	n/a	n/a	US$19m
Jun 30 2019	n/a	n/a	US$19m
Mar 31 2019	n/a	n/a	US$17m
Dec 31 2018	US$243k	US$170k	US$15m
Sep 30 2018	n/a	n/a	US$13m
Jun 30 2018	n/a	n/a	US$12m
Mar 31 2018	n/a	n/a	US$12m
Dec 31 2017	US$289k	US$147k	US$13m

Compensation vs Market: Eric's total compensation ($USD832.93K) is below average for companies of similar size in the US market ($USD1.64M).

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 (55 yo)

5.6yrs

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

Name	Position	Tenure	Compensation	Ownership
Eric Meilstrup	President	5.6yrs	US$832.93k	0.29% $ 544.4k
Robert Haines	Executive VP & CFO	16.3yrs	US$476.12k	0.15% $ 272.2k
Bradley Ruppert	Executive VP	7.3yrs	US$420.86k	0.11% $ 210.5k
William Kaufman	Assistant Secretary for the Board & Director	no data	US$30.00k	0.63% $ 1.2m
Michael Miller	Executive VP & Trust Officer	7.1yrs	US$384.66k	0.15% $ 272.4k
Matthew Layer	Executive VP & Chief Lending Officer	16.3yrs	US$634.62k	0.20% $ 373.1k
Lawrence Mulligan	Executive VP & COO	5yrs	no data	0.18% $ 334.3k
Connie Sears	Vice President of Human Resources and Vice President of Human Resources - LCNB National Bank	no data	no data	no data
Timothy Sheridan	Chief Credit Officer and Senior Executive Vice President	16.3yrs	no data	no data
Ann Smith	Senior Vice President	16.3yrs	no data	no data
Patricia Walter	Executive Vice President	less than a year	no data	no data
Stephen Anglin	Vice President and Controller	no data	no data	no data

7.3yrs

Average Tenure

54.5yo

Average Age

Experienced Management: LCNB's management team is seasoned and experienced (7.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Eric Meilstrup	President	5.6yrs	US$832.93k	0.29% $ 544.4k
William Kaufman	Assistant Secretary for the Board & Director	42.3yrs	US$30.00k	0.63% $ 1.2m
Anne Krehbiel	Secretary & Independent Director	14.1yrs	US$48.50k	0.072% $ 133.7k
Stephen Wilson	Independent Director	42.3yrs	US$36.00k	0.49% $ 920.4k
Steve Foster	Director	19.3yrs	US$38.50k	0.33% $ 621.1k
William Huddle	Independent Director	5.9yrs	US$48.50k	1.28% $ 2.4m
Spencer Cropper	Independent Chairman	18.1yrs	US$46.50k	1.09% $ 2.0m
Mary Bradford	Independent Director	5.3yrs	US$52.50k	0.057% $ 105.5k
Robert Bedinghaus	Director	less than a year	US$5.00k	0.60% $ 1.1m
Michael Johrendt	Independent Director	5.5yrs	US$36.00k	1.15% $ 2.2m
Craig Johnson	Independent Director	5yrs	US$39.00k	0.079% $ 147.8k
Takeitha Lawson	Independent Director	2.5yrs	US$36.50k	0.020% $ 36.9k

5.8yrs

Average Tenure

67yo

Average Age

Experienced Board: LCNB's board of directors are considered experienced (5.8 years average tenure).

LCNB Management

Management criteria checks 3/4

Key information

Recent management updates

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

LCNB Corp., Annual General Meeting, Apr 22, 2024

Executive VP & COO recently bought US$56k worth of stock

LCNB Corp. and LCNB National Bank Appoints Robert A. Bedinghaus to Board

Insufficient new directors

Insufficient new directors

Recent updates

First quarter 2024 earnings released: EPS: US$0.15 (vs US$0.37 in 1Q 2023)

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

LCNB Corp., Annual General Meeting, Apr 22, 2024

Full year 2023 earnings: EPS misses analyst expectations

Fourth quarter dividend of US$0.22 announced

LCNB Corp. Declares Cash Dividend, Payable to Shareholders on March 15, 2024

Executive VP & COO recently bought US$56k worth of stock

Consensus EPS estimates fall by 14%

Full year 2023 earnings: EPS misses analyst expectations

New minor risk - Shareholder dilution

LCNB Corp. (NasdaqCM:LCNB) entered into a definitive merger agreement to acquire Eagle Financial Bancorp, Inc. (OTCPK:EFBI) for $24.6 million.

LCNB Corp. (NasdaqCM:LCNB) entered into a definitive merger agreement to acquire Eagle Financial Bancorp, Inc. (OTCPK:EFBI) for $24.6 million.

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

LCNB Corp. Announces 2023 Fourth Quarter Dividend, Payable on December 15, 2023

LCNB Corp. (NasdaqCM:LCNB) completed the acquisition of Cincinnati Bancorp, Inc. (OTCPK:CNNB) from Cincinnati Federal employee Stock Ownership Plan Trust and others.

LCNB Corp. and LCNB National Bank Appoints Robert A. Bedinghaus to Board

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

LCNB Corp. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023

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

LCNB Corp. Announces Third Quarter Dividend, Payable on September 15, 2023

Second quarter 2023 earnings: EPS exceeds analyst expectations

Upcoming dividend of US$0.21 per share at 5.8% yield

LCNB Corp. (NasdaqCM:LCNB) signed a definitive merger agreement to acquire Cincinnati Bancorp, Inc. (OTCPK:CNNB) $44.2 million.

LCNB Corp. Announces Second Quarter Dividend, Payable on June 15, 2023

Price target decreased by 11% to US$17.00

Full year 2022 earnings released: EPS: US$1.93 (vs US$1.66 in FY 2021)

Upcoming dividend of US$0.21 per share at 4.5% yield

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

Full year 2022 earnings: EPS and revenues exceed analyst expectations

LCNB Corp. Announces First Quarter Dividend, Payable on March 15, 2023

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

LCNB Corp. Announces Fourth Quarter Dividend, Payable on December 15, 2022

Insufficient new directors

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

LCNB Corp. Reports Net Charge-Offs for the Third Quarter 2022

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

Upcoming dividend of US$0.20 per share

LCNB Corp. Announces Third Quarter Dividend, Payable on September 15, 2022

LCNB declares $0.20 dividend

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

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

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

Insufficient new directors

Upcoming dividend of US$0.20 per share

LCNB Corp. Announces Second Quarter Dividend, Payable to Shareholders on June 15, 2022

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

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target increased to US$21.00

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

Full year 2021 earnings: EPS exceeds analyst expectations

LCNB Corp. Announces First Quarter Cash Dividend, Payable on March 15, 2022

Full year 2021 earnings: EPS exceeds analyst expectations

Upcoming dividend of US$0.20 per share

Third quarter 2021 earnings released: EPS US$0.39 (vs US$0.33 in 3Q 2020)

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

Upcoming dividend of US$0.19 per share

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

LCNB Corp. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2021

Second quarter 2021 earnings released: EPS US$0.41 (vs US$0.39 in 2Q 2020)

LCNB Corp.(NasdaqCM:LCNB) dropped from Russell 3000E Value Index

Consensus EPS estimates increase to US$1.56

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

Independent Director recently sold US$54k worth of stock

LCNB Corp. Declares Cash Dividend, Payable on June 15, 2021

First quarter 2021 earnings released: EPS US$0.41 (vs US$0.39 in 1Q 2020)

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

Independent Director has left the company

First quarter 2021 earnings released: EPS US$0.41 (vs US$0.39 in 1Q 2020)

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