First National Corporation (FXNC) vs LCNB Corp. (LCNB)
A side-by-side comparison of First National Corporation and LCNB Corp. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — FXNC vs LCNB
growth of $100 · dividends reinvested · last 10yFXNC vs LCNB: by the numbers
- •FXNC is the larger company ($273M vs $272M market cap).
- •LCNB trades at the lower trailing earnings multiple (11.03 vs 12.60 P/E), one valuation lens rather than an overall verdict.
- •LCNB converts more revenue to profit (19.69% vs 18.47% net margin).
- •FXNC grew revenue faster over the past five years (23.73% vs 9.95% CAGR).
- •LCNB pays the higher dividend yield (4.65% vs 2.27%).
Metrics side by side
Valuation
| Metric | FXNC | LCNB |
|---|---|---|
| P/E ratio | 12.60 | 11.03 |
| Forward P/E | 12.40 | 10.64 |
| PEG ratio | 8.46 | 10.93 |
| P/S ratio | 2.33 | 2.18 |
| P/B ratio | 1.41 | 0.97 |
Profitability
| Metric | FXNC | LCNB |
|---|---|---|
| Operating margin | 22.93% | 24.42% |
| Net margin | 18.47% | 19.69% |
| ROE | 11.20% | 8.74% |
First National Corporation: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
LCNB Corp.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Dividends
| Metric | FXNC | LCNB |
|---|---|---|
| Dividend yield | 2.27% | 4.65% |
| Payout ratio | 28.33% | 50.87% |
Growth (annualized)
| Metric | FXNC | LCNB |
|---|---|---|
| Revenue CAGR (5Y) | 23.73% | 9.95% |
| EPS CAGR (5Y) | 1.60% | 1.14% |
| Total return CAGR (5Y) | 9.06% | 7.06% |
Frequently asked
- Which has the lower trailing P/E, FXNC or LCNB?
- LCNB has the lower trailing P/E: FXNC trades at 12.60 and LCNB at 11.03. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, FXNC or LCNB?
- Over the past five years, FXNC grew revenue faster — FXNC at a 23.73% CAGR versus LCNB at 9.95%.
- Does FXNC or LCNB pay a bigger dividend?
- FXNC yields 2.27% and LCNB yields 4.65% based on trailing dividends and the latest price.
- Is FXNC or LCNB more profitable?
- LCNB runs the higher net margin — FXNC at 18.47% versus LCNB at 19.69%.
- How have FXNC and LCNB total returns compared?
- Over the past 10 years, FXNC delivered 13.04% and LCNB delivered 5.14% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
First National & LCNB appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.