LCNB Corp. (LCNB) vs National Bankshares, Inc. (NKSH)
A side-by-side comparison of LCNB Corp. and National Bankshares, Inc. 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 — LCNB vs NKSH
growth of $100 · dividends reinvested · last 10yLCNB vs NKSH: by the numbers
- •NKSH is the larger company ($276M vs $269M market cap).
- •LCNB trades at the lower trailing earnings multiple (10.90 vs 13.61 P/E), one valuation lens rather than an overall verdict.
- •NKSH converts more revenue to profit (28.14% vs 19.69% net margin).
- •LCNB grew revenue faster over the past five years (9.95% vs 6.78% CAGR).
- •LCNB pays the higher dividend yield (4.65% vs 3.56%).
Metrics side by side
Valuation
| Metric | LCNB | NKSH |
|---|---|---|
| P/E ratio | 10.90 | 13.61 |
| Forward P/E | 10.50 | 12.37 |
| PEG ratio | 10.79 | 170.17 |
| P/S ratio | 2.16 | 3.82 |
| P/B ratio | 0.96 | 1.43 |
Profitability
| Metric | LCNB | NKSH |
|---|---|---|
| Operating margin | 24.42% | 17.47% |
| Net margin | 19.69% | 28.14% |
| ROE | 8.74% | 10.57% |
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.
National Bankshares, 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.
Dividends
| Metric | LCNB | NKSH |
|---|---|---|
| Dividend yield | 4.65% | 3.56% |
| Payout ratio | 50.87% | 48.11% |
Growth (annualized)
| Metric | LCNB | NKSH |
|---|---|---|
| Revenue CAGR (5Y) | 9.95% | 6.78% |
| EPS CAGR (5Y) | 1.14% | 0.08% |
| Total return CAGR (5Y) | 7.06% | 8.65% |
Frequently asked
- Which has the lower trailing P/E, LCNB or NKSH?
- LCNB has the lower trailing P/E: LCNB trades at 10.90 and NKSH at 13.61. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, LCNB or NKSH?
- Over the past five years, LCNB grew revenue faster — LCNB at a 9.95% CAGR versus NKSH at 6.78%.
- Does LCNB or NKSH pay a bigger dividend?
- LCNB yields 4.65% and NKSH yields 3.56% based on trailing dividends and the latest price.
- Is LCNB or NKSH more profitable?
- NKSH runs the higher net margin — LCNB at 19.69% versus NKSH at 28.14%.
- How have LCNB and NKSH total returns compared?
- Over the past 10 years, LCNB delivered 5.14% and NKSH delivered 6.47% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
LCNB & National Bankshares 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.