LCNB Corp. Reports Financial Results for the Three and Nine Months Ended September 30, 2025

Press Release LCNB Corp. Reports Financial Results for the Three and Nine Months Ended September 30, 2025 Company Release - 10/22/2025 Net earnings per share improved 58.1% from Q3 2024 to $0.49 per diluted share for Q3 2025 Q3 2025 net interest margin expands to 3.57%, from 2.84% at Q3 2024 Return on average assets was 1.21% and 1.02%, respectively, for the three and nine months ended September 30, 2025 LCNB Corp. ("LCNB") (NASDAQ: LCNB) today announced financial results for the three and nine months ended September 30, 2025. Commenting on the financial results, LCNB Chief Executive Officer, Eric Meilstrup said, “The strength of LCNB’s business model, the disciplined execution of our long-term strategy, and our near-term efforts to optimize recent acquisitions continue to benefit our financial results. During the third quarter, LCNB decreased higher cost certificates of deposit as part of a planned balance sheet reduction strategy. In addition, several loans with lower interest rates paid off, along with maturities of low-rate investment securities. These actions expanded net interest margin by 73 basis points year-over-year to 3.57%, while controlled noninterest expense drove a meaningful improvement in our efficiency ratio, compared to both the prior year and the prior quarter. Positive performance across the business contributed to another quarter of strong net income, a return on average assets above 1%, and book value growth to $19.02 per share.” “LCNB’s loan portfolio at September 30, 2025, reflected the timing of customer payoffs and deliberate efforts to refine portfolio composition following our two recent acquisitions. Our new loan pipeline remains steady, and we expect a return to growth in the first half of 2026, while maintaining our track record of disciplined underwriting standards. At the same time, momentum in LCNB Wealth continues to build, with record trust and investments and investment services assets of $1.54 billion at quarter-end. This growth has contributed to a 23.4% year-over-year increase in third quarter fiduciary income,” continued Mr. Meilstrup. “Our performance through the first nine months of 2025 is encouraging and reflects the ongoing efforts of our dedicated team as we continue to serve the financial needs of our customers and communities. Looking to the final quarter of 2025 and into 2026, we remain focused on investing in our platform, talent, and capabilities to drive sustainable growth and long-term shareholder value,” concluded Mr. Meilstrup. Income Statement Net income for the 2025 third quarter was $6.9 million, compared to $4.5 million for the same period last year. Earnings per basic and diluted share for the 2025 third quarter were $0.49, compared to $0.31 for the same period last year. Net income for the nine-month period ended September 30, 2025, was $17.5 million, compared to $7.4 million for the same period last year. Earnings per basic and diluted share for the nine-month period ended September 30, 2025 were $1.23, compared to $0.53 for the same period last year. Net interest income for the three months ended September 30, 2025 was $18.1 million, compared to $15.0 million for the same period in 2024. Net interest income for the nine-month period ended September 30, 2025 was $52.0 million, as compared to $44.1 million in the same period last year. The growth in net interest income was primarily due to the reduction in average interest rates paid on interest-bearing liabilities and higher average rates earned on loans. For the 2025 third quarter, LCNB’s tax equivalent net interest margin was 3.57%, compared to 2.84% for the same period last year. Net interest margin for the nine-month period ended September 30, 2025 was 3.43%, as compared to 2.81% in the same period last year. Non-interest income for the three months ended September 30, 2025 was $5.7 million, compared to $6.4 million for the same period last year. The 11.0% year-over-year decrease was primarily due to a $0.9 million reduction in net gains from sales of loans and lower bank-owned life insurance income, partially offset by higher fiduciary income and service charges and fees on deposit accounts. For the nine months ended September 30, 2025, non-interest income increased 12.2% to $16.2 million, compared to $14.4 million for the same period last year, as a result of higher fiduciary income and service charges and fees on deposit accounts. Non-interest expense for the three months ended September 30, 2025 was $15.1 million, compared to $15.4 million for the same period last year. The $0.3 million decrease was primarily due to stable operating expenses and the absence of $0.3 million of one-time merger-related expenses that occurred in the 2024 third quarter. For the nine months ended September 30, 2025, non-interest expense was $2.2 million lower than the comparable period in 2024, partially due to a $3.2 million reduction in merger-related expenses and lower FDIC insurance premiums, partially offset by higher marketing, contracted services, and other non-interest expenses. Capital Allocation For the three months ended September 30, 2025, LCNB paid $0.22 per share in dividends. Year-to-date, LCNB has paid $0.66 per share in dividends. Balance Sheet Total assets at September 30, 2025 decreased 4.4%, to $2.24 billion, from $2.35 billion at September 30, 2024, and were down 2.7% compared to $2.31 billion at December 31, 2024. Net loans at September 30, 2025 were $1.67 billion, a decrease of 2.4%, or $40.3 million, from September 30, 2024, and down 2.5%, or $43.0 million, from December 31, 2024. During the quarter ended September 30, 2025, the Company originated $67.0 million in loans and sold $23.4 million into the secondary market, which contributed $0.7 million of gains to third quarter non-interest income. Loans held for sale totaled $4.0 million at September 30, 2025, compared to $5.6 million at December 31, 2024 and $35.7 million at September 30, 2024, and are primarily composed of loans scheduled to be sold to an investor. Total deposits at September 30, 2025 decreased 3.5%, to $1.85 billion, compared to $1.92 billion at September 30, 2024, and were down 1.6% from $1.88 billion at December 31, 2024. At September 30, 2025, shareholders' equity was $269.9 million, compared to $253.2 million at September 30, 2024. On a per-share basis, shareholders' equity at September 30, 2025 was $19.02, compared to $17.95 at September 30, 2024. At September 30, 2025, tangible shareholders' equity was $172.4 million, compared to $154.7 million at September 30, 2024. The 11.4% year-over-year increase in tangible shareholders' equity was primarily from higher retained earnings and an improvement in the unrealized losses on the available-for-sale investment portfolio. On a per-share basis, tangible shareholders' equity was $12.15 at September 30, 2025, compared to $10.97 at September 30, 2024. Assets Under Management Total assets managed at September 30, 2025 were $4.20 billion, compared to $4.25 billion at September 30, 2024, and $4.23 billion at December 31, 2024. The year-over-year decrease in total assets managed was due to lower LCNB total assets, mortgage loans serviced, and cash management, partially offset by higher trust and investments and brokerage accounts. Trust and investments and brokerage accounts increased due to a higher number of new LCNB Wealth Management customer accounts and an increase in the fair value of managed assets. Asset Quality For the 2025 third quarter, LCNB recorded a provision for credit losses of $211,000, compared to a provision for credit losses of $660,000 for the 2024 third quarter. For the nine months ended September 30, 2025, LCNB recorded a total provision for credit losses of $426,000, compared to a total provision for credit losses of $1.3 million for the nine months ended September 30, 2024. Net charge-offs for the 2025 third quarter were $169,000, or 0.04% of average loans, compared to net charge-offs of $84,000, or 0.02% of average loans, annualized, for the same period last year. For the 2025 nine-month period, net charge-offs were $287,000, or 0.02% of average loans, compared to net charge-offs of $147,000, or 0.01% of average loans, for the 2024 nine-month period. Total nonperforming loans, which include non-accrual loans and loans past due 90 days or more and still accruing interest, were $2.0 million, or 0.12% of total loans, at September 30, 2025, compared to $3.3 million, or 0.19% of total loans, at September 30, 2024. The year-over-year decrease in nonaccrual loans was primarily due to the disposition of one commercial real estate loan. The nonperforming assets-to-total-assets ratio was 0.09% at September 30, 2025, compared to 0.14% at September 30, 2024. About LCNB Corp. LCNB Corp. is a financial holding company headquartered in Lebanon, Ohio. Through its subsidiary, LCNB National Bank (the “Bank”), it serves customers and communities in Southwest and South-Central Ohio. A financial institution with a long tradition for building strong relationships with customers and communities, the Bank offers convenient banking locations in Butler, Clermont, Clinton, Fayette, Franklin, Hamilton, Montgomery, Preble, Ross, and Warren Counties, Ohio. The Bank continually strives to exceed customer expectations and provides an array of services for all personal and business banking needs including checking, savings, online banking, personal lending, business lending, agricultural lending, business support, deposit and treasury, investment services, trust and IRAs and stock purchases. LCNB Corp. common shares are traded on the NASDAQ Capital Market Exchange® under the symbol “LCNB.” Learn more about LCNB Corp. at www.lcnb.com Forward-Looking Statements Certain statements made in this news release regarding LCNB’s financial condition, results of operations, plans, objectives, future performance and business, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by the fact they are not historical facts and include words such as “anticipate”, “could”, “may”, “feel”, “expect”, “believe”, “plan”, and similar expressions. Please refer to LCNB’s Annual Report on Form 10-K for the year ended December 31, 2024, as well as its other filings with the SEC, for a more detailed discussion of risks, uncertainties and factors that could cause actual results to differ from those discussed in the forward-looking statements. These forward-looking statements reflect management's current expectations based on all information available to management and its knowledge of LCNB’s business and operations. Additionally, LCNB’s financial condition, results of operations, plans, objectives, future performance and business are subject to risks and uncertainties that may cause actual results to differ materially. These factors include, but are not limited to: 1. the success, impact, and timing of the implementation of LCNB’s business strategies; 2. LCNB’s ability to integrate recent and future acquisitions, including Cincinnati Bancorp, Inc. and Eagle Financial Bancorp, Inc., may be unsuccessful or may be more difficult, time-consuming, or costly than expected; 3. LCNB may incur increased loan charge-offs in the future and the allowance for credit losses may be inadequate; 4. LCNB may face competitive loss of customers; 5. changes in the interest rate environment, either by interest rate increases or decreases, may have results on LCNB’s operations materially different from those anticipated by LCNB’s market risk management functions; 6. changes in general economic conditions and increased competition could adversely affect LCNB’s operating results; 7. changes in regulations and government policies affecting bank holding companies and their subsidiaries, including changes in monetary policies, could negatively impact LCNB’s operating results; 8. LCNB may experience difficulties growing loan and deposit balances; 9. United States trade relations with foreign countries could negatively impact the financial condition of LCNB's customers, which could adversely affect LCNB's operating results and financial condition; 10. global and/or domestic geopolitical relations and/or conflicts could create financial market uncertainty and have negative impacts on commodities, currency, and stability, which could adversely affect LCNB's operating results and financial condition; 11. difficulties with technology or data security breaches, including cyberattacks or widespread outages, could negatively affect LCNB's ability to conduct business and its relationships with customers, vendors, and others; 12. adverse weather events and natural disasters and global and/or national epidemics could negatively affect LCNB’s customers given its concentrated geographic scope, which could impact LCNB’s operating results; and 13. government intervention in the U.S. financial system, including the effects of legislative, tax, accounting, and regulatory actions and reforms, including, the Jumpstart Our Business Startups Act, the Consumer Financial Protection Bureau, the capital ratios of Basel III as adopted by the federal banking authorities, changes in deposit insurance premium levels, and any such future regulatory actions or reforms. Forward-looking statements made herein reflect management's expectations as of the date such statements are made. Such information is provided to assist shareholders and potential investors in understanding current and anticipated financial operations of LCNB and is included pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. LCNB undertakes no obligation to update any forward-looking statement to reflect events or circumstances that arise after the date such statements are made. Exhibit 99.2 LCNB Corp. and Subsidiaries Financial Highlights (Dollars in thousands, except per share amounts) (Unaudited) Three Months Ended Nine Months Ended 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024 9/30/2025 9/30/2024 Condensed Income Statement Interest income $ 26,305 25,939 25,316 26,894 26,398 77,560 78,121 Interest expense 8,179 8,398 9,017 10,181 11,428 25,594 34,039 Net interest income 18,126 17,541 16,299 16,713 14,970 51,966 44,082 Provision for credit losses 211 18 197 649 660 426 1,313 Net interest income after provision for credit losses 17,915 17,523 16,102 16,064 14,310 51,540 42,769 Non-interest income 5,704 5,248 5,222 5,988 6,407 16,174 14,416 Non-interest expense 15,145 15,567 15,809 14,592 15,387 46,521 48,684 Income before income taxes 8,474 7,204 5,515 7,460 5,330 21,193 8,501 Provision for income taxes 1,538 1,285 906 1,340 798 3,729 1,129 Net income $ 6,936 $ 5,919 $ 4,609 $ 6,120 $ 4,532 $ 17,464 $ 7,372 Supplemental Income Statement Information Accretion income on acquired loans $ 904 1,174 692 1,271 800 2,770 2,824 Amortization expenses on acquired interest-bearing liabilities — — — 119 378 — 1,475 Tax-equivalent net interest income 18,169 17,584 16,338 16,754 15,013 52,090 44,202 Pre-provision, pre-tax net income 8,685 7,222 5,712 8,109 5,990 21,619 9,814 Per Share Data Dividends per share $ 0.22 0.22 0.22 0.22 0.22 0.66 0.66 Basic earnings per common share $ 0.49 0.41 0.33 0.44 0.31 1.23 0.53 Diluted earnings per common share $ 0.49 0.41 0.33 0.44 0.31 1.23 0.53 Book value per share $ 19.02 18.59 18.26 17.92 17.95 19.02 17.95 Tangible book value per share $ 12.15 11.69 11.34 10.96 10.97 12.15 10.97 Weighted average common shares outstanding: Basic 14,097,414 14,085,764 14,051,310 14,027,043 14,018,765 14,079,519 13,676,989 Diluted 14,097,414 14,085,764 14,051,310 14,027,043 14,018,765 14,079,519 13,676,989 Shares outstanding at period end 14,186,204 14,175,241 14,166,915 14,118,040 14,110,210 14,186,204 14,110,210 Selected Financial Ratios Return on average assets 1.21 % 1.04 % 0.81 % 1.04 % 0.76 % 1.02 % 0.42 % Return on average equity 10.33 % 9.09 % 7.33 % 9.60 % 7.23 % 8.95 % 4.06 % Return on average tangible common equity 16.29 % 14.54 % 11.91 % 15.67 % 12.27 % 14.32 % 6.70 % Dividend payout ratio 44.90 % 53.66 % 66.67 % 50.00 % 70.97 % 53.66 % 124.53 % Net interest margin (tax equivalent) 3.57 % 3.47 % 3.25 % 3.22 % 2.84 % 3.43 % 2.81 % Efficiency ratio (tax equivalent) 63.44 % 68.18 % 73.33 % 64.16 % 71.83 % 68.15 % 83.05 % Selected Balance Sheet Items Cash and cash equivalents $ 35,865 49,778 37,670 35,744 39,374 Debt and equity securities 292,604 302,935 305,644 306,795 313,545 Loans: Commercial and industrial $ 107,925 110,528 112,580 118,494 119,079 Commercial, secured by real estate 1,083,748 1,110,875 1,110,276 1,113,921 1,105,405 Residential real estate 454,918 459,473 463,379 456,298 459,740 Consumer 17,748 18,452 19,030 20,474 22,088 Agricultural 15,262 14,413 13,161 13,242 13,113 Other, including deposit overdrafts 267 171 133 179 496 Deferred net origination fees (840 ) (902 ) (929 ) (796 ) (861 ) Loans, gross 1,679,028 1,713,010 1,717,630 1,721,812 1,719,060 Less allowance for credit losses 12,170 12,108 12,124 12,001 11,867 Loans, net $ 1,666,858 $ 1,700,902 $ 1,705,506 $ 1,709,811 $ 1,707,193 Loans held for sale $ 4,018 6,026 6,098 5,556 35,687 Three Months Ended Nine Months Ended 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024 9/30/2025 9/30/2024 Selected Balance Sheet Items, continued Allowance for Credit Losses on Loans: Allowance for credit losses, beginning of period $ 12,108 12,124 12,001 11,867 11,270 Fair value adjustment for purchased credit deteriorated loans — — — — — Provision for credit losses on loans 231 63 162 728 681 Losses charged off (193 ) (95 ) (53 ) (616 ) (122 ) Recoveries 24 16 14 22 38 Allowance for credit losses, end of period $ 12,170 12,108 12,124 12,001 11,867 Total earning assets $ 1,983,606 2,034,540 2,038,666 2,044,208 2,044,318 Goodwill 90,310 90,310 90,310 90,310 90,209 Core deposit intangibles 7,161 7,408 7,708 8,006 8,309 Mortgage servicing rights 2,519 2,698 2,908 3,098 3,296 Other non-earning assets 160,769 172,844 163,153 161,772 200,776 Total non-earning assets 260,759 273,260 264,079 263,186 302,590 Total assets 2,244,365 2,307,800 2,302,745 2,307,394 2,346,908 Total deposits 1,849,082 1,919,372 1,921,649 1,878,292 1,917,005 Long-term debt 104,717 105,000 104,637 155,153 155,662 Total shareholders’ equity 269,870 263,474 258,651 253,036 253,246 Equity to assets ratio 12.02 % 11.42 % 11.23 % 10.97 % 10.79 % Loans to deposits ratio 90.80 % 89.25 % 89.38 % 91.67 % 89.67 % Tangible common equity (TCE) $ 172,399 165,756 160,633 154,721 154,728 Tangible common assets (TCA) 2,146,894 2,210,082 2,204,727 2,209,079 2,248,390 TCE/TCA 8.03 % 7.50 % 7.29 % 7.00 % 6.88 % Selected Average Balance Sheet Items Cash and cash equivalents $ 38,466 34,256 36,125 31,648 39,697 36,174 43,486 Debt and equity securities 298,341 302,475 304,033 311,323 314,255 301,713 311,551 Loans, including loans held for sale $ 1,706,281 1,718,959 1,721,894 1,751,644 1,770,330 1,715,654 1,770,383 Less allowance for credit losses on loans 12,099 12,117 11,996 11,856 11,281 12,071 11,059 Net loans $ 1,694,182 1,706,842 1,709,898 1,739,788 1,759,049 1,703,583 1,759,324 Total earning assets $ 2,017,294 2,031,261 2,036,514 2,072,397 2,099,954 2,028,403 2,099,536 Goodwill 90,310 90,310 90,310 90,218 94,006 90,310 88,442 Core deposit intangibles 7,275 7,555 7,854 8,154 8,458 7,559 7,349 Mortgage servicing rights 2,699 2,908 3,099 3,296 3,522 2,901 3,787 Other non-earning assets 159,328 158,251 160,281 158,022 159,736 159,163 155,999 Total non-earning assets 259,612 259,024 261,544 259,690 265,722 259,933 255,577 Total assets 2,276,906 2,290,285 2,298,058 2,332,087 2,365,676 2,288,336 2,355,113 Total deposits 1,884,748 1,906,305 1,896,443 1,901,442 1,936,601 1,895,791 1,909,146 Short-term borrowings 52 63 72 11 11 62 25,358 Long-term debt 104,951 104,701 127,289 155,573 158,419 112,232 157,056 Total shareholders’ equity 266,489 261,193 255,120 253,727 249,370 260,976 242,829 Equity to assets ratio 11.70 % 11.40 % 11.10 % 10.88 % 10.54 % 11.40 % 10.31 % Loans to deposits ratio 90.53 % 90.17 % 90.80 % 92.12 % 91.41 % 90.50 % 92.73 % Asset Quality Net charge-offs $ 169 79 39 595 84 287 147 Other real estate owned — — — — — Non-accrual loans $ 1,793 4,500 4,710 4,528 3,001 Loans past due 90 days or more and still accruing 163 271 181 90 283 Total nonperforming loans $ 1,956 $ 4,771 $ 4,891 $ 4,618 $ 3,284 Net charge-offs to average loans 0.04 % 0.02 % 0.01 % 0.14 % 0.02 % 0.02 % 0.01 % Allowance for credit losses on loans to total loans 0.72 % 0.71 % 0.71 % 0.70 % 0.69 % Nonperforming loans to total loans 0.12 % 0.28 % 0.28 % 0.27 % 0.19 % Nonperforming assets to total assets 0.09 % 0.21 % 0.21 % 0.20 % 0.14 % Three Months Ended Nine Months Ended 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024 9/30/2025 9/30/2024 Assets Under Management LCNB Corp. total assets $ 2,244,365 2,307,800 2,302,745 2,307,394 2,346,908 Trust and investments (fair value) 1,041,270 990,699 957,359 942,249 933,341 Mortgage loans serviced 341,548 348,003 354,593 397,625 366,175 Cash management 73,002 62,737 100,830 146,657 165,218 Investment services (fair value) 494,947 466,299 441,621 438,310 435,611 Total assets managed $ 4,195,132 4,175,538 4,157,148 4,232,235 4,247,253 Three Months Ended September 30, Three Months Ended June 30, 2025 2024 2025 Average Interest Average Average Interest Average Average Interest Average Outstanding Earned/ Yield/ Outstanding Earned/ Yield/ Outstanding Earned/ Yield/ Balance Paid Rate Balance Paid Rate Balance Paid Rate Loans (1) $ 1,706,281 24,163 5.62 % 1,770,330 24,342 5.47 % 1,718,959 23,838 5.56 % Interest-bearing demand deposits 12,416 183 5.85 % 15,369 209 5.41 % 9,573 140 5.87 % Interest-bearing time deposits 256 2 3.10 % — — — % 254 6 9.47 % Federal Reserve Bank stock 6,405 96 5.95 % 6,393 (1 ) (0.06 )% 6,405 98 6.14 % Federal Home Loan Bank stock 20,710 452 8.66 % 20,710 464 8.91 % 20,710 447 8.66 % Investment securities: Equity securities 5,072 37 2.89 % 5,026 40 3.17 % 5,053 36 2.86 % Debt securities, taxable 247,878 1,212 1.94 % 262,220 1,181 1.79 % 251,920 1,213 1.93 % Debt securities, non-taxable (2) 18,276 203 4.41 % 19,906 206 4.12 % 18,387 204 4.45 % Total earnings assets 2,017,294 26,348 5.18 % 2,099,954 26,441 5.01 % 2,031,261 25,982 5.13 % Non-earning assets 271,717 277,003 271,147 Allowance for credit losses (12,105 ) (11,281 ) (12,123 ) Total assets $ 2,276,906 2,365,676 2,290,285 Interest-bearing demand and money market deposits $ 638,825 2,693 1.67 % 585,823 3,006 2.04 % 603,066 2,374 1.58 % Savings deposits 359,481 206 0.23 % 367,045 274 0.30 % 363,679 199 0.22 % IRA and time certificates 420,508 3,958 3.73 % 538,070 6,298 4.66 % 466,065 4,546 3.91 % Short-term borrowings 52 1 7.63 % 11 — — % 63 1 6.37 % Long-term debt 104,951 1,321 4.99 % 158,419 1,850 4.65 % 104,701 1,278 4.90 % Total interest-bearing liabilities 1,523,817 8,179 2.13 % 1,649,368 11,428 2.76 % 1,537,574 8,398 2.19 % Demand deposits 465,934 445,663 473,495 Other liabilities 20,666 21,275 18,023 Equity 266,489 249,370 261,193 Total liabilities and equity $ 2,276,906 2,365,676 2,290,285 Net interest rate spread (3) 3.05 % 2.25 % 2.94 % Net interest income and net interest margin on a taxable-equivalent basis (4) 18,169 3.57 % 15,013 2.84 % 17,584 3.47 % Ratio of interest-earning assets to interest-bearing liabilities 132.38 % 127.32 % 132.11 % (1) Includes non-accrual loans and loans held for sale (2) Income from tax-exempt securities is included in interest income on a taxable-equivalent basis. Interest income has been divided by a factor comprised of the complement of the incremental tax rate of 21%. (3) The net interest spread is the difference between the average rate on total interest-earning assets and interest-bearing liabilities. (4) The net interest margin is the taxable-equivalent net interest income divided by average interest-earning assets. For the Nine Months Ended September 30, 2025 2024 Average Interest Average Average Interest Average Outstanding Earned/ Yield/ Outstanding Earned/ Yield/ Balance Paid Rate Balance Paid Rate Loans(1) $ 1,715,654 71,182 5.55 % 1,770,383 71,860 5.42 % Interest-bearing demand deposits 10,783 455 5.64 % 17,602 747 5.67 % Interest-bearing time deposits 253 8 4.23 % — — — % Federal Reserve Bank stock 6,405 288 6.01 % 6,051 176 3.89 % Federal Home Loan Bank stock 20,710 1,367 8.83 % 19,040 1,172 8.22 % Investment securities: Equity securities 5,056 112 2.96 % 5,002 119 3.18 % Debt securities, taxable 251,597 3,681 1.96 % 262,360 3,596 1.83 % Debt securities, non-taxable(2) 17,945 591 4.40 % 19,098 571 3.99 % Total earnings assets 2,028,403 77,684 5.12 % 2,099,536 78,241 4.98 % Non-earning assets 272,010 266,641 Allowance for credit losses (12,077 ) (11,064 ) Total assets $ 2,288,336 2,355,113 Interest-bearing demand and money market deposits $ 604,372 7,404 1.64 % 625,785 10,498 2.24 % Savings deposits 362,989 600 0.22 % 369,104 787 0.28 % IRA and time certificates 460,970 13,531 3.92 % 467,425 16,173 4.62 % Short-term borrowings 62 3 6.47 % 25,358 1,116 5.88 % Long-term debt 112,232 4,056 4.83 % 157,056 5,465 4.65 % Total interest-bearing liabilities 1,540,625 25,594 2.22 % 1,644,728 34,039 2.76 % Demand deposits 467,460 446,832 Other liabilities 19,275 20,724 Equity 260,976 242,829 Total liabilities and equity $ 2,288,336 2,355,113 Net interest rate spread (3) 2.90 % 2.22 % Net interest income and net interest margin on a taxable-equivalent basis(4) 52,090 3.43 % 44,202 2.81 % Ratio of interest-earning assets to interest-bearing liabilities 131.66 % 127.65 % (1) Includes non-accrual loans and loans held for sale (2) Income from tax-exempt securities is included in interest income on a taxable-equivalent basis. Interest income has been divided by a factor comprised of the complement of the incremental tax rate of 21%. (3) The net interest spread is the difference between the average rate on total interest-earning assets and interest-bearing liabilities. (4) The net interest margin is the taxable-equivalent net interest income divided by average interest-earning assets. Exhibit 99.2 LCNB CORP. AND SUBSIDIARIES CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited, dollars in thousands) September 30, 2025 December 31, 2024 Unaudited Audited ASSETS: Cash and due from banks $ 28,167 20,393 Interest-bearing demand deposits 7,698 15,351 Total cash and cash equivalents 35,865 35,744 Interest-bearing time deposits 258 250 Investment securities: Equity securities with a readily determinable fair value, at fair value 1,414 1,363 Equity securities without a readily determinable fair value, at cost 3,666 3,666 Debt securities, available-for-sale, at fair value 243,105 258,327 Debt securities, held-to-maturity, at cost, net of allowance for credit losses of $12 and $5 at September 30, 2025 and December 31, 2024, respectively 17,304 16,324 Federal Reserve Bank stock, at cost 6,405 6,405 Federal Home Loan Bank stock, at cost 20,710 20,710 Loans held-for-sale 4,018 5,556 Loans, net of allowance for credit losses of $12,170 and $12,001 at September 30, 2025 and December 31, 2024, respectively 1,666,858 1,709,811 Premises and equipment, net 39,422 41,049 Operating lease right-of-use assets 6,405 5,785 Goodwill 90,310 90,310 Core deposit and other intangibles, net 9,680 11,104 Bank-owned life insurance 55,061 54,002 Interest receivable 8,803 8,701 Other assets, net 35,081 38,287 TOTAL ASSETS $ 2,244,365 2,307,394 LIABILITIES: Deposits: Noninterest-bearing $ 454,192 459,619 Interest-bearing 1,394,890 1,418,673 Total deposits 1,849,082 1,878,292 Long-term debt 104,717 155,153 Operating lease liabilities 6,770 6,115 Accrued interest and other liabilities 13,926 14,798 TOTAL LIABILITIES 1,974,495 2,054,358 COMMITMENTS AND CONTINGENT LIABILITIES — — SHAREHOLDERS' EQUITY: Preferred shares – no par value, authorized 1,000,000 shares, none outstanding — — Common shares – no par value; authorized 19,000,000 shares; issued 17,401,712 and 17,329,423 shares at September 30, 2025 and December 31, 2024, respectively; outstanding 14,186,204 and 14,118,040 shares at September 30, 2025 and December 31, 2024, respectively 187,957 186,937 Retained earnings 149,403 141,290 Treasury shares at cost, 3,215,508 and 3,211,383 shares at September 30, 2025 and December 31, 2024, respectively (56,071 ) (56,002 ) Accumulated other comprehensive loss, net of taxes (11,419 ) (19,189 ) TOTAL SHAREHOLDERS' EQUITY 269,870 253,036 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,244,365 2,307,394 Exhibit 99.2 LCNB CORP. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Dollars in thousands, except per share data) (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2025 2024 2025 2024 INTEREST INCOME: Interest and fees on loans $ 24,163 24,342 71,182 71,860 Dividends on equity securities: With a readily determinable fair value 12 10 33 28 Without a readily determinable fair value 25 30 79 91 Interest on debt securities: Taxable 1,212 1,181 3,681 3,596 Non-taxable 160 163 467 451 Other investments 733 672 2,118 2,095 TOTAL INTEREST INCOME 26,305 26,398 77,560 78,121 INTEREST EXPENSE: Interest on deposits 6,857 9,578 21,535 27,458 Interest on short-term borrowings 1 — 3 1,116 Interest on long-term debt 1,321 1,850 4,056 5,465 TOTAL INTEREST EXPENSE 8,179 11,428 25,594 34,039 NET INTEREST INCOME 18,126 14,970 51,966 44,082 PROVISION FOR CREDIT LOSSES 211 660 426 1,313 NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 17,915 14,310 51,540 42,769 NON-INTEREST INCOME: Fiduciary income 2,588 2,097 7,014 6,137 Service charges and fees on deposit accounts 1,935 1,899 5,585 4,820 Net losses from sales of debt securities, available-for-sale — — — (214 ) Bank-owned life insurance income 361 654 1,060 1,313 Net gains from sales of loans 718 1,625 2,174 2,197 Net other operating income 102 132 341 163 TOTAL NON-INTEREST INCOME 5,704 6,407 16,174 14,416 NON-INTEREST EXPENSE: Salaries and employee benefits 8,682 9,025 26,726 26,585 Equipment expenses 380 420 1,133 1,205 Occupancy expense, net 1,015 966 3,047 2,915 State financial institutions tax 432 505 1,334 1,409 Marketing 336 320 932 704 Amortization of intangibles 247 304 845 838 FDIC insurance premiums, net 359 547 1,149 1,445 Contracted services 880 807 2,609 2,435 Merger-related expenses — 281 140 3,376 Other non-interest expense 2,814 2,212 8,606 7,772 TOTAL NON-INTEREST EXPENSE 15,145 15,387 46,521 48,684 INCOME BEFORE INCOME TAXES 8,474 5,330 21,193 8,501 PROVISION FOR INCOME TAXES 1,538 798 3,729 1,129 NET INCOME $ 6,936 4,532 17,464 7,372 Earnings per common share: Basic 0.49 0.31 1.23 0.53 Diluted 0.49 0.31 1.23 0.53 Weighted average common shares outstanding: Basic 14,097,414 14,018,765 14,079,519 13,676,989 Diluted 14,097,414 14,018,765 14,079,519 13,676,989 Source: LCNB Corp.