LCNB Corporation (LCNB) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, LCNB scores 65 out of 100, earning a letter grade of C and the verdict "Roarable Hold — Fair / Balanced Risk-Reward." The Fundamental Cash Engine pillar scores 10 of 20, reflecting an ROIC of 8.4% and an FCF yield of 11.77%; this is the weakest pillar and suggests the cash-generation case is only moderate relative to the rating's ceiling. The Whale 13F Flow pillar scores 13 of 20, indicating institutional accumulation and options positioning that is present but not decisive. The Insider Conviction pillar scores 16 of 20, the strongest pillar, reflecting SEC Form 4 and Congressional PTR cluster flow. The Macro Regime Fit pillar scores 13 of 20, consistent with a beta of 1.0 and a sector sensitivity that tracks the broader market. The Forensic Balance Sheet pillar scores 13 of 20, reflecting an Altman Z-Score of 2.5, a Piotroski F-Score of 5 of 9, and a Debt/Equity ratio of 0.5.

For a prospective investor evaluating the stock today, the upside drivers in this rating are insider buying conviction and a reasonable balance sheet, while the valuation tradeoff is that a P/E (TTM) of 12.3 and a Forward P/E of 11.4 sit alongside a modest ROIC of 8.4%, so the price is not obviously cheap on cash-return grounds alone. The 4.39% dividend yield and 11.77% FCF yield are supportive income signals, but the rating's own verdict of "Hold" indicates the data does not argue for aggressive positioning.

Per the SEC financials, reported net income rose from $12.6M in FY 2023 to $23.1M in FY 2025, while free cash flow moved from $23.4M to $89.4M in FY 2024 before declining to $33.4M in FY 2025. Revenue and operating income are reported as $0.0M in every period, so margin analysis cannot be performed from the source data. Per the market data, gross, operating, and net margins are each listed as 0%, which should be treated as unreliable given the zero-revenue reporting. ROIC is 8.4%. Per the Roarable RQD rating, the Altman Z-Score is 2.5, the Piotroski F-Score is 5 of 9, and Debt/Equity is 0.5; the balance sheet posture is therefore characterized as moderate under the forensic pillar, though debt figures are not reported in the financials.

The news wire contains six items dated within the prior approximately 15 hours. A YELLOW-flagged MARKET WIRE item reports LCNB's Q3 earnings and key metrics. A GREEN-flagged CATALYST item reports rising earnings estimates for LCNB. A YELLOW MARKET WIRE item reports a Form 4 filing by Director Anne E. Krehbiel for a transaction dated 26 October. A YELLOW MARKET WIRE item reports a Director purchase of $19,790.00 in stock. A RED-flagged RISK WATCH item covers price dynamics and execution-aware positioning, and a YELLOW MARKET WIRE item notes that LCNB is set to post earnings on Wednesday. The butterfly supply-chain graph reports no supply-chain links and no proprietary signals.

• Revenue and operating income are reported as $0.0M across all periods, while net income is reported. What is the actual revenue and margin structure behind these figures?
• EPS is listed as N/A for all reported periods, yet EPS (TTM) is given as 1.62. What period and methodology produce this figure?
• Debt is N/A in every financial period, yet Debt/Equity is cited as 0.5. What balance sheet items support this ratio?
• Analyst coverage, consensus ratings, and price targets are absent. What is the institutional and sell-side view on the stock?
• The 13F and holder data are absent. Who the major institutional holders are, and how their positions have changed, remains unresolved.