Mission Statement, Vision, & Core Values of LCNB Corp. (LCNB)

Have you ever wondered what drives a financial institution like LCNB Corp.? What are the guiding principles behind their services and community involvement? Understanding a company's mission, vision, and core values provides valuable insight into its strategic direction and how it aims to serve its customers and stakeholders.

With a history dating back to 1877, LCNB has established itself as a trusted provider of banking services. But what exactly is their mission, and what future do they envision? How do their core values shape their daily operations and long-term goals, especially considering their $2.31 billion in total assets as of December 31, 2024? Read on to discover the answers and gain a deeper understanding of LCNB Corp.

LCNB Corp. (LCNB) An Overview of

LCNB Corp. (LCNB) operates as a financial holding company offering a range of banking and financial services. Founded in 1877 and headquartered in Lebanon, Ohio, LCNB National Bank, its banking subsidiary, provides commercial and retail banking services, including checking and savings accounts, loans, and investment products. As of April 2025, LCNB continues to serve communities throughout Ohio, focusing on customer relationships and community development.

In 2024, LCNB demonstrated strong financial performance. The bank reported record revenue driven by growth in its loan portfolio and fee income. Specifically, commercial lending saw significant increases, reflecting the bank's commitment to supporting local businesses. The bank's wealth management division also contributed to revenue growth through increased assets under management. These results underscore LCNB's effective business strategy and its ability to capitalize on market opportunities.

LCNB stands out as a leader in the regional banking sector, distinguished by its long-standing history and commitment to community banking. Want to understand what makes LCNB successful? Find out more here: LCNB Corp. (LCNB): History, Ownership, Mission, How It Works & Makes Money

LCNB Corp. (LCNB) Mission Statement

A company's mission statement is a crucial element that defines its purpose and guides its actions. It serves as a roadmap, outlining the organization's goals, values, and approach to achieving success. For LCNB Corp. (LCNB), understanding its mission statement provides valuable insights into its operations, strategic objectives, and commitment to stakeholders.

LCNB Corp., headquartered in Lebanon, Ohio, operates as a financial holding company. Through its subsidiary, LCNB National Bank, it provides a range of banking services to customers and communities across Southwest and South-Central Ohio, as well as Northern Kentucky. With a history dating back to 1877, LCNB has established itself as a community-oriented bank focused on building strong relationships with its customers.

While a specific, formally declared mission statement was not found in the provided search results, the core values and strategic actions of LCNB, as gleaned from various sources, provide a clear understanding of their mission. These elements emphasize:

• Customer-Centric Approach: LCNB strives to exceed customer expectations by offering a variety of services tailored to meet personal and business banking needs.
• Community Focus: The bank is committed to serving and supporting the communities in which it operates through convenient banking locations and community-oriented services.
• Relationship Building: LCNB emphasizes building strong, long-lasting relationships with customers and communities.
• Financial Stability and Growth: The company focuses on strategic investments, acquisitions, and balance sheet improvements to ensure profitable growth and long-term financial health. In 2024, LCNB completed over $97 million in opportunistic asset sales to improve its balance sheet.
• Adaptation and Innovation: LCNB continuously evolves and adapts to the changing financial landscape while maintaining its core values.

Based on these key aspects, LCNB's mission can be understood as a commitment to providing customer-focused, community-oriented banking services while ensuring financial stability and fostering long-term growth through strategic initiatives and strong relationships.

Moreover, LCNB's dedication to diversity, equity, and inclusion, as formalized in its Diversity, Equity, and Inclusion Policy adopted on March 18, 2019, highlights its commitment to creating a supportive and inclusive environment for its employees and the communities it serves.

In 2024, LCNB experienced substantial growth and transformation. Net income for the fourth quarter of 2024 was $6.1 million, compared to a net loss of $(293,000) for the same period the previous year. Earnings per basic and diluted share for the fourth quarter of 2024 were $0.44, compared to a loss of $(0.02) for the same period last year. Total assets managed as of December 31, 2024, were $4.23 billion, compared to $3.88 billion at the end of 2023.

LCNB's strategic initiatives, including the acquisitions of Cincinnati Federal and Eagle Financial Bancorp, have expanded its banking platform and created opportunities to support its communities further. These actions align with its mission of providing high-quality financial services and driving economic growth in the regions it serves.

To gain more insights into LCNB's financial well-being, consider exploring Breaking Down LCNB Corp. (LCNB) Financial Health: Key Insights for Investors.

LCNB Corp. (LCNB) Vision Statement of

A vision statement outlines a company's aspirations for the future. It serves as a guide, helping the organization set strategic goals and make decisions that align with its long-term objectives. The vision statement of LCNB Corp. provides insight into the company's ambitions and the principles that direct its operations. For more context, you might find additional details on LCNB Corp. (LCNB): History, Ownership, Mission, How It Works & Makes Money.

While I don't have direct access to LCNB Corp.'s official vision statement as of today, April 16, 2025, I can create a vision statement based on their mission statement and core values. This constructed vision statement reflects the essence of what the company aims to achieve, incorporating elements of growth, customer focus, community commitment, and financial strength.

Here is an example of what their vision statement might be, based on publicly available information:

'To be the leading community bank in our region, recognized for our unwavering commitment to customer success, the financial strength we provide to our communities, and the exceptional value we deliver to our shareholders.'

This vision statement can be broken down into key components that highlight LCNB's strategic focus:

Regional Leadership

Aspiring to be the top community bank in its operational area indicates a focus on growth and market dominance. This involves:

• Expanding the branch network and digital presence to reach more customers.
• Increasing market share by offering competitive products and services.
• Investing in technology and innovation to enhance the customer experience.

Customer Success

A dedication to customer success emphasizes the importance of building long-term relationships and providing tailored financial solutions. This includes:

• Providing personalized banking services that meet the unique needs of each customer.
• Offering financial advice and education to help customers achieve their financial goals.
• Ensuring a seamless and convenient banking experience through multiple channels.

Community Commitment

Contributing to the financial well-being of the communities it serves showcases a commitment to social responsibility and local development. Consider these aspects:

• Supporting local businesses and initiatives through lending and investment.
• Providing financial literacy programs to empower community members.
• Engaging in philanthropic activities and volunteer work to address local needs.

Shareholder Value

Delivering exceptional value to shareholders highlights the importance of financial performance and sustainable growth. This involves:

• Achieving consistent profitability and returns on equity.
• Managing risk effectively to protect shareholder investments.
• Maintaining a strong capital base to support future growth and expansion.

By focusing on these key areas, LCNB Corp. aims to create a sustainable and successful future for its customers, communities, and shareholders. While this is a constructed vision statement, it reflects the likely aspirations of the company based on its established mission and values.

LCNB Corp. (LCNB) Core Values of

At Company, a commitment to core values is central to its operations and culture. These values guide the company's actions, decisions, and relationships with customers, employees, and the community. Understanding these values provides insight into how Company conducts its business and strives to achieve its mission.

For more information about Company's history, mission, and operations, you can visit: LCNB Corp. (LCNB): History, Ownership, Mission, How It Works & Makes Money

Commitment to the Customer

Company places a high priority on customer satisfaction. This value is reflected in its efforts to provide personalized service, understand customer needs, and offer tailored solutions. Company aims to build long-term relationships with its customers by being responsive, reliable, and proactive in addressing their financial goals.

• Providing financial solutions that meet the unique needs of each customer.
• Ensuring customer satisfaction through personalized service and attention to detail.
• Building long-term relationships based on trust and mutual respect.

Commitment to the Community

Company recognizes the importance of being a responsible corporate citizen. The company actively supports local communities through charitable giving, volunteer work, and community development initiatives. This commitment extends to promoting financial literacy and supporting local economic growth.

• Supporting local organizations and initiatives through financial contributions and volunteer efforts.
• Promoting financial literacy and education in the communities it serves.
• Investing in community development projects that enhance the quality of life for local residents.

Commitment to the Shareholders

Company is dedicated to delivering value to its shareholders through sound financial management and strategic decision-making. This commitment involves maintaining a strong financial position, managing risks effectively, and pursuing opportunities for growth and profitability. Company strives to uphold transparency and accountability in its financial reporting and corporate governance practices.

• Maintaining a strong financial position and delivering consistent profitability.
• Managing risks effectively and upholding transparency in financial reporting.
• Pursuing opportunities for growth and expansion to enhance shareholder value.

Commitment to the Employees

Company values its employees and is committed to providing a supportive and rewarding work environment. This commitment includes offering opportunities for professional development, recognizing employee contributions, and promoting a culture of teamwork and respect. Company aims to attract and retain talented individuals who share its values and are dedicated to serving its customers and communities.

• Providing opportunities for professional development and career advancement.
• Recognizing and rewarding employee contributions to the company's success.
• Promoting a culture of teamwork, collaboration, and mutual respect.