LCNB Management
Management criteria checks 4/4
LCNB's CEO is Eric Meilstrup, appointed in Oct 2018, has a tenure of 6.58 years. total yearly compensation is $598.69K, comprised of 78.5% salary and 21.5% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth $663.38K. The average tenure of the management team and the board of directors is 7.3 years and 6.8 years respectively.
Key information
Eric Meilstrup
Chief executive officer
US$598.7k
Total compensation
| CEO salary percentage | 78.50% |
| CEO tenure | 6.6yrs |
| CEO ownership | 0.3% |
| Management average tenure | 7.3yrs |
| Board average tenure | 6.8yrs |
Recent management updates
It May Be Possible That LCNB Corp.'s (NASDAQ:LCNB) CEO Compensation Could Get Bumped Up
May 12
Shareholders May Be Wary Of Increasing LCNB Corp.'s (NASDAQ:LCNB) CEO Compensation Package
Apr 15Recent updates
It May Be Possible That LCNB Corp.'s (NASDAQ:LCNB) CEO Compensation Could Get Bumped Up
May 12LCNB (NASDAQ:LCNB) Is Paying Out A Dividend Of $0.22
Feb 27LCNB Corp.: 5.9% Dividend Yield But Earnings Likely To Dip And Stock Appears Somewhat Overvalued
Sep 28One LCNB Corp. (NASDAQ:LCNB) Analyst Just Cut Their EPS Forecasts
May 05Shareholders May Be Wary Of Increasing LCNB Corp.'s (NASDAQ:LCNB) CEO Compensation Package
Apr 15LCNB's (NASDAQ:LCNB) Shareholders Will Receive A Bigger Dividend Than Last Year
Nov 24LCNB (NASDAQ:LCNB) Will Pay A Dividend Of $0.21
Aug 25LCNB's (NASDAQ:LCNB) Shareholders Will Receive A Bigger Dividend Than Last Year
Jan 29LCNB (NASDAQ:LCNB) Is Increasing Its Dividend To $0.21
Nov 25LCNB Corp. Offering A High Dividend Yield With An Apparently Secure Payout
Oct 03LCNB declares $0.20 dividend
Aug 16LCNB GAAP EPS of $0.49 beats by $0.09, revenue of $18.69M beats by $4.41M
Jul 26LCNB: A Handsome 5%+ Yield But The TBV Is Under Pressure
Jul 13LCNB Corp: Dividend Hike To 4.8% Yield, Huge 8.5% Buyback In Q1, Strong Asset Quality
Apr 28LCNB Corp.: A Small Cap Bank With A 4.4% Dividend Yield
Mar 30LCNB: 4.4% Dividend, 18% EPS Growth In Q3, Strong Internal Metrics
Oct 21LCNB Corp.: Record Second Quarter Earnings, Continued Increase In Dividend At 4.3% Yield
Aug 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | US$16m |
| Dec 31 2024 | US$599k | US$470k | US$13m |
| Sep 30 2024 | n/a | n/a | US$7m |
| Jun 30 2024 | n/a | n/a | US$7m |
| Mar 31 2024 | n/a | n/a | US$10m |
| Dec 31 2023 | US$822k | 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$599k | 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$15m |
Compensation vs Market: Eric's total compensation ($USD598.69K) is below average for companies of similar size in the US market ($USD1.63M).
Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.
CEO
Eric Meilstrup (56 yo)
6.6yrs
Tenure
US$598,689
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 |
|---|---|---|---|---|
| President | 6.6yrs | US$598.69k | 0.32% $ 663.4k | |
| Executive VP & CFO | 17.3yrs | US$366.78k | 0.15% $ 318.7k | |
| Executive VP & COO | 6yrs | US$314.93k | 0.20% $ 413.7k | |
| Executive VP | 18.3yrs | US$339.76k | 0.12% $ 252.0k | |
| Assistant Secretary & Director | no data | US$47.00k | 0.60% $ 1.2m | |
| Secretary & Independent Director | no data | US$57.26k | 0.079% $ 164.3k | |
| Executive VP & Trust Officer | 8.1yrs | US$352.40k | 0.14% $ 288.3k | |
| Vice President of Human Resources and Vice President of Human Resources - LCNB National Bank | no data | no data | no data | |
| Senior Vice President | 17.3yrs | no data | no data | |
| Executive VP & Director of Risk Management | 1.1yrs | no data | 0.28% $ 593.1k | |
| Vice President and Controller | no data | no data | no data | |
| Chief Lending Officer & Executive VP | less than a year | no data | 0.051% $ 107.4k |
7.3yrs
Average Tenure
55.5yo
Average Age
Experienced Management: LCNB's management team is seasoned and experienced (7.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.6yrs | US$598.69k | 0.32% $ 663.4k | |
| Assistant Secretary & Director | 43.3yrs | US$47.00k | 0.60% $ 1.2m | |
| Secretary & Independent Director | 15.1yrs | US$57.26k | 0.079% $ 164.3k | |
| Independent Director | 43.3yrs | US$53.24k | 0.47% $ 978.9k | |
| Independent Director | 20.3yrs | US$55.84k | 0.32% $ 666.4k | |
| Independent Director | 6.9yrs | US$55.84k | 1.2% $ 2.5m | |
| Independent Chairman | 19.1yrs | US$70.01k | 0.25% $ 512.8k | |
| Independent Director | 6.3yrs | US$60.00k | 0.061% $ 127.5k | |
| Director | 1.5yrs | US$53.24k | 0.58% $ 1.2m | |
| Independent Director | 6.5yrs | US$53.66k | 1.08% $ 2.3m | |
| Independent Director | 6yrs | US$58.76k | 0.089% $ 186.4k | |
| Independent Director | 3.5yrs | US$53.76k | 0.027% $ 56.7k |
6.8yrs
Average Tenure
68yo
Average Age
Experienced Board: LCNB's board of directors are considered experienced (6.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/12 07:42 |
| End of Day Share Price | 2025/05/12 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
Analysis Model and Snowflake
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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 Github.
Analyst Sources
LCNB Corp. is covered by 4 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.
| Analyst | Institution |
|---|---|
| James Beury | Boenning & Scattergood, Inc. |
| Robert Ramsey | FBR Capital Markets & Co. |
| Brendan Nosal | Hovde Group, LLC |