LCNB Corporation (LCNB) vs QNB Corp. (QNBC)

LCNB Corporation and QNB Corp. are both Banks Regional companies. LCNB Corporation and QNB Corp. are of similar size ($291.4M and $278.5M). QNB Corp. has negative trailing earnings, so its P/E is not meaningful; LCNB Corporation trades at 11.2×. LCNB Corporation grew revenue faster over the last twelve months: −1.78% against −8.86%. LCNB Corporation has the higher net margin (0.00% vs −5.63%) and the higher return on invested capital (0.00% vs 0.00%). Both pay a dividend; LCNB Corporation yields more (4.50% vs 3.30%). Across the 17 metrics below, LCNB Corporation leads on 13 and QNB Corp. on 4.

Valuation

Metric LCNB QNBC Banks Regional median
P/E 11.17 n/m 12.02
P/S 2.23 2.91 2.36
P/B 0.98 1.15 1.23
Price to free cash flow 7.62 10.82 10.60
EV/EBITDA — n/m —
EV/Sales — 1.81 —
Earnings yield 8.96% (0.53%) 8.21%
Free cash flow yield 13.12% 9.24% 9.23%

Profitability

Metric LCNB QNBC Banks Regional median
Gross margin 78.45% 51.09% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 0.00% (5.63%) 18.82%
Free cash flow margin 0.00% 26.92% 17.97%
Return on equity 0.00% (2.88%) 10.28%
Return on assets 0.00% (0.24%) 1.13%
Return on invested capital 0.00% 0.00% 8.45%

Growth

Metric LCNB QNBC Banks Regional median
Revenue growth (TTM) (1.78%) (8.86%) 6.37%
EPS growth (last fiscal year) 68.04% 21.15% 18.85%
Revenue growth, 5-year CAGR 9.38% 14.19% 12.65%
Net income growth, 5-year CAGR 2.91% 3.12% 9.81%

Health

Metric LCNB QNBC Banks Regional median
Debt to equity 0.25 0.00 0.17
Current ratio 0.94 0.84 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric LCNB QNBC Banks Regional median
Dividend yield 4.50% 3.30% 2.49%
Payout ratio 0.50 0.46 0.29

Size

Metric LCNB QNBC Banks Regional median
Market cap 278.54m 291.40m 934.85m

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