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Side-by-side financial comparison of LCNB CORP (LCNB) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.

Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $23.9M, roughly 1.4× LCNB CORP). LCNB CORP runs the higher net margin — 23.7% vs 8.7%, a 15.1% gap on every dollar of revenue. On growth, LCNB CORP posted the faster year-over-year revenue change (5.1% vs -0.1%). LCNB CORP produced more free cash flow last quarter ($33.4M vs $10.1M). Over the past eight quarters, LCNB CORP's revenue compounded faster (15.7% CAGR vs -1.5%).

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.

Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.

LCNB vs SPOK — Head-to-Head

Bigger by revenue
SPOK
SPOK
1.4× larger
SPOK
$33.9M
$23.9M
LCNB
Growing faster (revenue YoY)
LCNB
LCNB
+5.2% gap
LCNB
5.1%
-0.1%
SPOK
Higher net margin
LCNB
LCNB
15.1% more per $
LCNB
23.7%
8.7%
SPOK
More free cash flow
LCNB
LCNB
$23.3M more FCF
LCNB
$33.4M
$10.1M
SPOK
Faster 2-yr revenue CAGR
LCNB
LCNB
Annualised
LCNB
15.7%
-1.5%
SPOK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LCNB
LCNB
SPOK
SPOK
Revenue
$23.9M
$33.9M
Net Profit
$5.7M
$2.9M
Gross Margin
76.7%
Operating Margin
29.2%
11.6%
Net Margin
23.7%
8.7%
Revenue YoY
5.1%
-0.1%
Net Profit YoY
-7.6%
-19.6%
EPS (diluted)
$0.40
$0.13

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
SPOK
SPOK
Q4 25
$23.9M
$33.9M
Q3 25
$23.8M
$33.9M
Q2 25
$22.8M
$35.7M
Q1 25
$21.5M
$36.3M
Q4 24
$22.7M
$33.9M
Q3 24
$21.4M
$34.9M
Q2 24
$19.3M
$34.0M
Q1 24
$17.8M
$34.9M
Net Profit
LCNB
LCNB
SPOK
SPOK
Q4 25
$5.7M
$2.9M
Q3 25
$6.9M
$3.2M
Q2 25
$5.9M
$4.6M
Q1 25
$4.6M
$5.2M
Q4 24
$6.1M
$3.6M
Q3 24
$4.5M
$3.7M
Q2 24
$925.0K
$3.4M
Q1 24
$1.9M
$4.2M
Gross Margin
LCNB
LCNB
SPOK
SPOK
Q4 25
76.7%
Q3 25
78.3%
Q2 25
79.5%
Q1 25
80.1%
Q4 24
78.5%
Q3 24
79.5%
Q2 24
78.9%
Q1 24
79.5%
Operating Margin
LCNB
LCNB
SPOK
SPOK
Q4 25
29.2%
11.6%
Q3 25
35.6%
12.9%
Q2 25
31.6%
15.1%
Q1 25
25.6%
16.6%
Q4 24
32.9%
13.7%
Q3 24
24.9%
14.2%
Q2 24
4.9%
13.2%
Q1 24
12.5%
14.0%
Net Margin
LCNB
LCNB
SPOK
SPOK
Q4 25
23.7%
8.7%
Q3 25
29.1%
9.5%
Q2 25
26.0%
12.8%
Q1 25
21.4%
14.3%
Q4 24
27.0%
10.8%
Q3 24
21.2%
10.5%
Q2 24
4.8%
10.1%
Q1 24
10.7%
12.1%
EPS (diluted)
LCNB
LCNB
SPOK
SPOK
Q4 25
$0.40
$0.13
Q3 25
$0.49
$0.15
Q2 25
$0.41
$0.22
Q1 25
$0.33
$0.25
Q4 24
$0.44
$0.17
Q3 24
$0.31
$0.18
Q2 24
$0.07
$0.17
Q1 24
$0.15
$0.21

Balance Sheet & Financial Strength

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

Metric
LCNB
LCNB
SPOK
SPOK
Cash + ST InvestmentsLiquidity on hand
$21.6M
$25.3M
Total DebtLower is stronger
$104.4M
Stockholders' EquityBook value
$273.9M
$146.4M
Total Assets
$2.2B
$206.1M
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LCNB
LCNB
SPOK
SPOK
Q4 25
$21.6M
$25.3M
Q3 25
$35.9M
$21.4M
Q2 25
$49.8M
$20.2M
Q1 25
$37.7M
$19.9M
Q4 24
$35.7M
$29.1M
Q3 24
$39.4M
$27.8M
Q2 24
$34.9M
$23.9M
Q1 24
$33.0M
$23.3M
Total Debt
LCNB
LCNB
SPOK
SPOK
Q4 25
$104.4M
Q3 25
$104.7M
Q2 25
$105.0M
Q1 25
$104.6M
Q4 24
$155.2M
Q3 24
$155.7M
Q2 24
$162.2M
Q1 24
$162.6M
Stockholders' Equity
LCNB
LCNB
SPOK
SPOK
Q4 25
$273.9M
$146.4M
Q3 25
$269.9M
$148.7M
Q2 25
$263.5M
$150.9M
Q1 25
$258.7M
$151.7M
Q4 24
$253.0M
$154.7M
Q3 24
$253.2M
$156.3M
Q2 24
$245.2M
$158.2M
Q1 24
$233.7M
$160.2M
Total Assets
LCNB
LCNB
SPOK
SPOK
Q4 25
$2.2B
$206.1M
Q3 25
$2.2B
$209.7M
Q2 25
$2.3B
$208.7M
Q1 25
$2.3B
$204.5M
Q4 24
$2.3B
$217.1M
Q3 24
$2.3B
$216.8M
Q2 24
$2.4B
$216.4M
Q1 24
$2.3B
$215.0M
Debt / Equity
LCNB
LCNB
SPOK
SPOK
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
SPOK
SPOK
Operating Cash FlowLast quarter
$34.4M
$11.5M
Free Cash FlowOCF − Capex
$33.4M
$10.1M
FCF MarginFCF / Revenue
140.2%
29.9%
Capex IntensityCapex / Revenue
4.0%
4.1%
Cash ConversionOCF / Net Profit
6.08×
3.93×
TTM Free Cash FlowTrailing 4 quarters
$54.5M
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LCNB
LCNB
SPOK
SPOK
Q4 25
$34.4M
$11.5M
Q3 25
$14.0M
$8.1M
Q2 25
$5.5M
$7.0M
Q1 25
$2.2M
$2.3M
Q4 24
$93.2M
$8.4M
Q3 24
$11.9M
$11.1M
Q2 24
$54.9M
$7.4M
Q1 24
$-11.9M
$2.0M
Free Cash Flow
LCNB
LCNB
SPOK
SPOK
Q4 25
$33.4M
$10.1M
Q3 25
$13.7M
$7.6M
Q2 25
$5.2M
$6.0M
Q1 25
$2.1M
$1.5M
Q4 24
$89.4M
$7.5M
Q3 24
$10.5M
$10.3M
Q2 24
$53.8M
$6.8M
Q1 24
$-12.8M
$1.1M
FCF Margin
LCNB
LCNB
SPOK
SPOK
Q4 25
140.2%
29.9%
Q3 25
57.4%
22.4%
Q2 25
23.0%
16.8%
Q1 25
10.0%
4.2%
Q4 24
394.0%
22.3%
Q3 24
49.0%
29.4%
Q2 24
278.6%
20.0%
Q1 24
-71.8%
3.2%
Capex Intensity
LCNB
LCNB
SPOK
SPOK
Q4 25
4.0%
4.1%
Q3 25
1.3%
1.6%
Q2 25
1.0%
2.9%
Q1 25
0.3%
2.1%
Q4 24
16.7%
2.5%
Q3 24
6.7%
2.4%
Q2 24
5.9%
1.9%
Q1 24
4.8%
2.5%
Cash Conversion
LCNB
LCNB
SPOK
SPOK
Q4 25
6.08×
3.93×
Q3 25
2.02×
2.54×
Q2 25
0.92×
1.55×
Q1 25
0.48×
0.43×
Q4 24
15.23×
2.31×
Q3 24
2.63×
3.03×
Q2 24
59.35×
2.17×
Q1 24
-6.24×
0.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LCNB
LCNB

Segment breakdown not available.

SPOK
SPOK

Paging$16.8M50%
Software Operations$16.0M47%
License$1.2M4%

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