Hawthorn Bancshares, Inc. (HWBK) vs LCNB Corp. (LCNB)
A side-by-side comparison of Hawthorn Bancshares, Inc. 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 — HWBK vs LCNB
growth of $100 · dividends reinvested · last 10yHWBK vs LCNB: by the numbers
- •LCNB is the larger company ($276M vs $266M market cap).
- •HWBK trades at the lower trailing earnings multiple (10.09 vs 11.18 P/E), one valuation lens rather than an overall verdict.
- •HWBK converts more revenue to profit (22.69% vs 19.69% net margin).
- •LCNB grew revenue faster over the past five years (9.95% vs 7.30% CAGR).
- •LCNB pays the higher dividend yield (4.65% vs 2.16%).
Metrics side by side
Valuation
| Metric | HWBK | LCNB |
|---|---|---|
| P/E ratio | 10.09 | 11.18 |
| Forward P/E | N/A | 10.78 |
| PEG ratio | 0.85 | 11.07 |
| P/S ratio | 2.28 | 2.21 |
| P/B ratio | 1.45 | 0.98 |
Profitability
| Metric | HWBK | LCNB |
|---|---|---|
| Operating margin | 27.81% | 24.42% |
| Net margin | 22.69% | 19.69% |
| ROE | 14.45% | 8.74% |
Hawthorn Bancshares, Inc.: 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 | HWBK | LCNB |
|---|---|---|
| Dividend yield | 2.16% | 4.65% |
| Payout ratio | 21.73% | 50.87% |
Growth (annualized)
| Metric | HWBK | LCNB |
|---|---|---|
| Revenue CAGR (5Y) | 7.30% | 9.95% |
| EPS CAGR (5Y) | 11.91% | 1.14% |
| Total return CAGR (5Y) | 15.43% | 7.06% |
Frequently asked
- Which has the lower trailing P/E, HWBK or LCNB?
- HWBK has the lower trailing P/E: HWBK trades at 10.09 and LCNB at 11.18. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, HWBK or LCNB?
- Over the past five years, LCNB grew revenue faster — HWBK at a 7.30% CAGR versus LCNB at 9.95%.
- Does HWBK or LCNB pay a bigger dividend?
- HWBK yields 2.16% and LCNB yields 4.65% based on trailing dividends and the latest price.
- Is HWBK or LCNB more profitable?
- HWBK runs the higher net margin — HWBK at 22.69% versus LCNB at 19.69%.
- How have HWBK and LCNB total returns compared?
- Over the past 10 years, HWBK delivered 16.23% and LCNB delivered 5.14% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Hawthorn Bancshares & 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.