LCNB (LCNB) Cash Flow: Operating & Free Cash Flow

LCNB (LCNB) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), LCNB generated $34.40M of operating cash flow and spent $959.00K on capital expenditures. That left free cash flow of $33.44M, down 62.6% from $89.44M a year earlier, or 26.9% of revenue. It returned $12.54M to shareholders through $12.47M in dividends and $69.00K in share buybacks.

LCNB Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for LCNB Corp. (LCNB) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	23.12	13.49	12.54	22.13	20.97	20.08	18.91	14.85	12.97
Depreciation & Amortization	0.67	0.60	2.99	2.74	2.61	2.23	3.24	4.07	3.31
Deferred Income Tax	2.78	1.95	-0.32	-0.35	0.29	0.13	0.42	0.23	1.96
Stock Based Compensation	0.65	0.59	0.56	0.53	0.25	0.14	0.13	0.11	0.08
Change in Working Capital	2.85	-1.27	7.64	4.72	-4.11	-7.80	0.33	-0.25	0.68
Change in Accounts Receivable	0.73	0.00	0.25	0.52	0.34	-4.57	0.23	0.22	0.00
Change in Accounts Payable	2.11	1.20	-1.30	1.75	-0.24	3.57	0.00	0.00	0.00
Change in Other Working Capital	2.12	-1.27	8.69	4.20	-0.63	-6.80	0.10	-0.47	0.68
Other Operating Activities	-1.61	75.32	-0.05	-1.76	-0.63	-1.11	-1.07	0.74	-0.86
Net Cash from Operating Activities	34.40	93.24	23.36	28.71	17.82	13.68	21.97	19.74	18.14
Investing Activities
Capital Expenditures	-0.96	-3.80	-2.61	-0.88	-1.94	-2.79	-3.93	-0.60	-6.62
Acquisitions	0.00	-2.14	1.89	0.00	0.00	0.00	0.00	12.90	0.00
Purchases of Investments	-8.05	-24.99	-5.03	-44.04	-164.25	-105.87	-56.21	-4.55	-32.64
Sales/Maturities of Investments	43.94	44.86	32.08	25.00	58.61	81.22	124.63	39.20	82.32
Other Investing Activities	-1.62	-4.11	-86.74	-1.08	-67.64	-52.61	-55.43	-57.74	-28.26
Net Cash from Investing Activities	52.05	61.39	-60.41	-48.38	-175.22	-80.05	9.06	-10.79	14.80
Financing Activities
Debt Repayment	-51.09	-8.00	58.02	-5.93	-12.00	-19.00	-62.29	23.02	4.67
Common Stock Issued	0.63	0.53	0.43	0.41	0.43	0.40	0.45	0.07	0.04
Common Stock Repurchased	-0.07	0.01	-3.33	-23.66	-8.31	-1.87	-6.83	-0.35	0.00
Dividends Paid	-12.47	-12.22	-9.94	-9.19	-9.72	-9.45	-9.03	-7.77	-6.09
Other Financing Activities	-37.94	-78.53	8.89	-23.85	173.40	107.26	47.40	-29.26	-25.03
Net Cash from Financing Activities	-100.58	-158.61	54.07	24.24	143.80	77.34	-30.30	-14.30	-26.42
Summary
Net Change in Cash	-14.13	-3.98	17.02	4.57	-13.59	10.97	0.73	-5.35	6.52
Cash at Beginning of Period	35.74	39.72	22.70	18.14	31.73	20.77	20.04	25.39	18.87
Cash at End of Period	21.61	35.74	39.72	22.70	18.14	31.73	20.77	20.04	25.39
Free Cash Flow	33.44	89.44	20.75	27.83	15.88	10.89	18.03	19.14	11.52
Supplemental Disclosures
Interest Paid	-	42.53	21.74	4.68	4.23	-	-	-	-
Income Taxes Paid	-	-	2.74	4.13	3.67	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About LCNB Cash Flow

What is LCNB's free cash flow?

LCNB generated free cash flow of $33.44M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $34.40M minus $959.00K of capital expenditures. That was down 62.6% from $89.44M a year earlier. Free cash flow equaled 26.9% of revenue.

How much does LCNB spend on capital expenditures?

LCNB spent $959.00K on capital expenditures in fiscal 2025, compared with $3.80M a year earlier. That equals 2.8% of operating cash flow.

Does LCNB pay dividends or buy back shares?

Yes. In fiscal 2025 LCNB returned $12.47M in dividends and $69.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition