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Side-by-side financial comparison of LCNB CORP (LCNB) and Local Bounti Corporation (LOCL). Click either name above to swap in a different company.

LCNB CORP is the larger business by last-quarter revenue ($23.9M vs $12.5M, roughly 1.9× Local Bounti Corporation). LCNB CORP runs the higher net margin — 23.7% vs -69.8%, a 93.5% gap on every dollar of revenue. On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs 5.1%). LCNB CORP produced more free cash flow last quarter ($33.4M vs $-3.6M). Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% CAGR vs 15.7%).

LCNB Corp is a United States-based financial holding company that operates through its national bank subsidiary, providing a full suite of retail and commercial banking products and services including deposit accounts, various loan products, wealth management, and insurance solutions primarily to individual consumers, small and medium-sized enterprises and local community organizations across regional markets in Ohio.

Local Bounti Corporation is a U.S.-based sustainable indoor agriculture firm growing fresh, pesticide-free leafy greens, herbs and produce via advanced hydroponic and vertical farming tech. It serves North American retail and food service partners, focusing on low environmental impact and stable year-round supply.

LCNB vs LOCL — Head-to-Head

Bigger by revenue
LCNB
LCNB
1.9× larger
LCNB
$23.9M
$12.5M
LOCL
Growing faster (revenue YoY)
LOCL
LOCL
+18.6% gap
LOCL
23.7%
5.1%
LCNB
Higher net margin
LCNB
LCNB
93.5% more per $
LCNB
23.7%
-69.8%
LOCL
More free cash flow
LCNB
LCNB
$37.1M more FCF
LCNB
$33.4M
$-3.6M
LOCL
Faster 2-yr revenue CAGR
LOCL
LOCL
Annualised
LOCL
21.9%
15.7%
LCNB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LCNB
LCNB
LOCL
LOCL
Revenue
$23.9M
$12.5M
Net Profit
$5.7M
$-8.7M
Gross Margin
12.2%
Operating Margin
29.2%
-106.1%
Net Margin
23.7%
-69.8%
Revenue YoY
5.1%
23.7%
Net Profit YoY
-7.6%
76.0%
EPS (diluted)
$0.40
$1.52

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LCNB
LCNB
LOCL
LOCL
Q4 25
$23.9M
$12.5M
Q3 25
$23.8M
$12.2M
Q2 25
$22.8M
$12.1M
Q1 25
$21.5M
$11.6M
Q4 24
$22.7M
$10.1M
Q3 24
$21.4M
$10.2M
Q2 24
$19.3M
$9.4M
Q1 24
$17.8M
$8.4M
Net Profit
LCNB
LCNB
LOCL
LOCL
Q4 25
$5.7M
$-8.7M
Q3 25
$6.9M
$-26.4M
Q2 25
$5.9M
$-21.6M
Q1 25
$4.6M
$-37.7M
Q4 24
$6.1M
$-36.3M
Q3 24
$4.5M
$-34.3M
Q2 24
$925.0K
$-25.3M
Q1 24
$1.9M
$-24.1M
Gross Margin
LCNB
LCNB
LOCL
LOCL
Q4 25
12.2%
Q3 25
11.5%
Q2 25
12.2%
Q1 25
12.6%
Q4 24
5.4%
Q3 24
13.8%
Q2 24
14.3%
Q1 24
9.4%
Operating Margin
LCNB
LCNB
LOCL
LOCL
Q4 25
29.2%
-106.1%
Q3 25
35.6%
-149.4%
Q2 25
31.6%
-127.7%
Q1 25
25.6%
-135.6%
Q4 24
32.9%
-166.6%
Q3 24
24.9%
-176.0%
Q2 24
4.9%
-146.8%
Q1 24
12.5%
-122.9%
Net Margin
LCNB
LCNB
LOCL
LOCL
Q4 25
23.7%
-69.8%
Q3 25
29.1%
-216.6%
Q2 25
26.0%
-178.3%
Q1 25
21.4%
-324.6%
Q4 24
27.0%
-360.1%
Q3 24
21.2%
-335.2%
Q2 24
4.8%
-267.6%
Q1 24
10.7%
-286.9%
EPS (diluted)
LCNB
LCNB
LOCL
LOCL
Q4 25
$0.40
$1.52
Q3 25
$0.49
$-1.18
Q2 25
$0.41
$-1.63
Q1 25
$0.33
$-4.32
Q4 24
$0.44
$-4.24
Q3 24
$0.31
$-4.01
Q2 24
$0.07
$-3.00
Q1 24
$0.15
$-2.89

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LCNB
LCNB
LOCL
LOCL
Cash + ST InvestmentsLiquidity on hand
$21.6M
$4.2M
Total DebtLower is stronger
$104.4M
$483.1M
Stockholders' EquityBook value
$273.9M
$-166.2M
Total Assets
$2.2B
$410.5M
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LCNB
LCNB
LOCL
LOCL
Q4 25
$21.6M
$4.2M
Q3 25
$35.9M
$6.2M
Q2 25
$49.8M
$5.3M
Q1 25
$37.7M
$18.0M
Q4 24
$35.7M
$937.0K
Q3 24
$39.4M
$317.0K
Q2 24
$34.9M
$9.7M
Q1 24
$33.0M
$8.2M
Total Debt
LCNB
LCNB
LOCL
LOCL
Q4 25
$104.4M
$483.1M
Q3 25
$104.7M
$484.9M
Q2 25
$105.0M
$478.3M
Q1 25
$104.6M
$480.0M
Q4 24
$155.2M
$436.8M
Q3 24
$155.7M
$398.4M
Q2 24
$162.2M
$374.0M
Q1 24
$162.6M
$329.8M
Stockholders' Equity
LCNB
LCNB
LOCL
LOCL
Q4 25
$273.9M
$-166.2M
Q3 25
$269.9M
$-158.1M
Q2 25
$263.5M
$-132.7M
Q1 25
$258.7M
$-134.5M
Q4 24
$253.0M
$-100.5M
Q3 24
$253.2M
$-65.6M
Q2 24
$245.2M
$-32.8M
Q1 24
$233.7M
$-9.4M
Total Assets
LCNB
LCNB
LOCL
LOCL
Q4 25
$2.2B
$410.5M
Q3 25
$2.2B
$417.8M
Q2 25
$2.3B
$426.8M
Q1 25
$2.3B
$447.2M
Q4 24
$2.3B
$428.0M
Q3 24
$2.3B
$430.8M
Q2 24
$2.4B
$438.1M
Q1 24
$2.3B
$413.4M
Debt / Equity
LCNB
LCNB
LOCL
LOCL
Q4 25
0.38×
Q3 25
0.39×
Q2 25
0.40×
Q1 25
0.40×
Q4 24
0.61×
Q3 24
0.61×
Q2 24
0.66×
Q1 24
0.70×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LCNB
LCNB
LOCL
LOCL
Operating Cash FlowLast quarter
$34.4M
$-3.1M
Free Cash FlowOCF − Capex
$33.4M
$-3.6M
FCF MarginFCF / Revenue
140.2%
-29.1%
Capex IntensityCapex / Revenue
4.0%
3.9%
Cash ConversionOCF / Net Profit
6.08×
TTM Free Cash FlowTrailing 4 quarters
$54.5M
$-42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LCNB
LCNB
LOCL
LOCL
Q4 25
$34.4M
$-3.1M
Q3 25
$14.0M
$-8.9M
Q2 25
$5.5M
$-8.7M
Q1 25
$2.2M
$-9.6M
Q4 24
$93.2M
$1.2M
Q3 24
$11.9M
$-17.2M
Q2 24
$54.9M
$-4.0M
Q1 24
$-11.9M
$-7.1M
Free Cash Flow
LCNB
LCNB
LOCL
LOCL
Q4 25
$33.4M
$-3.6M
Q3 25
$13.7M
$-10.1M
Q2 25
$5.2M
$-14.6M
Q1 25
$2.1M
$-14.5M
Q4 24
$89.4M
$-8.6M
Q3 24
$10.5M
$-30.0M
Q2 24
$53.8M
$-28.8M
Q1 24
$-12.8M
$-42.1M
FCF Margin
LCNB
LCNB
LOCL
LOCL
Q4 25
140.2%
-29.1%
Q3 25
57.4%
-82.8%
Q2 25
23.0%
-121.0%
Q1 25
10.0%
-125.1%
Q4 24
394.0%
-85.3%
Q3 24
49.0%
-293.1%
Q2 24
278.6%
-305.4%
Q1 24
-71.8%
-501.8%
Capex Intensity
LCNB
LCNB
LOCL
LOCL
Q4 25
4.0%
3.9%
Q3 25
1.3%
9.7%
Q2 25
1.0%
48.9%
Q1 25
0.3%
42.8%
Q4 24
16.7%
97.6%
Q3 24
6.7%
125.0%
Q2 24
5.9%
263.0%
Q1 24
4.8%
417.3%
Cash Conversion
LCNB
LCNB
LOCL
LOCL
Q4 25
6.08×
Q3 25
2.02×
Q2 25
0.92×
Q1 25
0.48×
Q4 24
15.23×
Q3 24
2.63×
Q2 24
59.35×
Q1 24
-6.24×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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