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Side-by-side financial comparison of LCNB CORP (LCNB) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.

LCNB CORP is the larger business by last-quarter revenue ($23.9M vs $13.2M, roughly 1.8× TriSalus Life Sciences, Inc.). LCNB CORP runs the higher net margin — 23.7% vs -73.9%, a 97.6% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 5.1%). LCNB CORP produced more free cash flow last quarter ($33.4M vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% 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.

TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.

LCNB vs TLSI — Head-to-Head

Bigger by revenue
LCNB
LCNB
1.8× larger
LCNB
$23.9M
$13.2M
TLSI
Growing faster (revenue YoY)
TLSI
TLSI
+54.8% gap
TLSI
59.8%
5.1%
LCNB
Higher net margin
LCNB
LCNB
97.6% more per $
LCNB
23.7%
-73.9%
TLSI
More free cash flow
LCNB
LCNB
$36.0M more FCF
LCNB
$33.4M
$-2.5M
TLSI
Faster 2-yr revenue CAGR
TLSI
TLSI
Annualised
TLSI
43.0%
15.7%
LCNB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LCNB
LCNB
TLSI
TLSI
Revenue
$23.9M
$13.2M
Net Profit
$5.7M
$-9.8M
Gross Margin
86.7%
Operating Margin
29.2%
-24.8%
Net Margin
23.7%
-73.9%
Revenue YoY
5.1%
59.8%
Net Profit YoY
-7.6%
3.5%
EPS (diluted)
$0.40
$-0.22

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
TLSI
TLSI
Q4 25
$23.9M
$13.2M
Q3 25
$23.8M
$11.6M
Q2 25
$22.8M
$11.2M
Q1 25
$21.5M
$9.2M
Q4 24
$22.7M
$8.3M
Q3 24
$21.4M
$7.3M
Q2 24
$19.3M
$7.4M
Q1 24
$17.8M
$6.5M
Net Profit
LCNB
LCNB
TLSI
TLSI
Q4 25
$5.7M
$-9.8M
Q3 25
$6.9M
$-10.8M
Q2 25
$5.9M
$-8.3M
Q1 25
$4.6M
$-10.4M
Q4 24
$6.1M
$-10.1M
Q3 24
$4.5M
$-2.4M
Q2 24
$925.0K
$-4.3M
Q1 24
$1.9M
$-13.2M
Gross Margin
LCNB
LCNB
TLSI
TLSI
Q4 25
86.7%
Q3 25
83.5%
Q2 25
83.9%
Q1 25
83.7%
Q4 24
85.3%
Q3 24
86.3%
Q2 24
87.6%
Q1 24
85.0%
Operating Margin
LCNB
LCNB
TLSI
TLSI
Q4 25
29.2%
-24.8%
Q3 25
35.6%
-77.9%
Q2 25
31.6%
-65.4%
Q1 25
25.6%
-79.9%
Q4 24
32.9%
-91.8%
Q3 24
24.9%
-118.9%
Q2 24
4.9%
-111.0%
Q1 24
12.5%
-180.8%
Net Margin
LCNB
LCNB
TLSI
TLSI
Q4 25
23.7%
-73.9%
Q3 25
29.1%
-93.5%
Q2 25
26.0%
-73.9%
Q1 25
21.4%
-113.2%
Q4 24
27.0%
-122.4%
Q3 24
21.2%
-32.6%
Q2 24
4.8%
-58.8%
Q1 24
10.7%
-204.5%
EPS (diluted)
LCNB
LCNB
TLSI
TLSI
Q4 25
$0.40
$-0.22
Q3 25
$0.49
$-0.96
Q2 25
$0.41
$-0.27
Q1 25
$0.33
$-0.39
Q4 24
$0.44
$-0.38
Q3 24
$0.31
$-0.12
Q2 24
$0.07
$-0.21
Q1 24
$0.15
$-0.60

Balance Sheet & Financial Strength

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

Metric
LCNB
LCNB
TLSI
TLSI
Cash + ST InvestmentsLiquidity on hand
$21.6M
$20.4M
Total DebtLower is stronger
$104.4M
Stockholders' EquityBook value
$273.9M
$-33.9M
Total Assets
$2.2B
$35.3M
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LCNB
LCNB
TLSI
TLSI
Q4 25
$21.6M
$20.4M
Q3 25
$35.9M
$22.7M
Q2 25
$49.8M
$26.5M
Q1 25
$37.7M
$13.0M
Q4 24
$35.7M
$8.5M
Q3 24
$39.4M
$11.3M
Q2 24
$34.9M
$16.5M
Q1 24
$33.0M
$4.0M
Total Debt
LCNB
LCNB
TLSI
TLSI
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
TLSI
TLSI
Q4 25
$273.9M
$-33.9M
Q3 25
$269.9M
$-26.7M
Q2 25
$263.5M
$-19.4M
Q1 25
$258.7M
$-34.4M
Q4 24
$253.0M
$-25.9M
Q3 24
$253.2M
$-20.4M
Q2 24
$245.2M
$-25.3M
Q1 24
$233.7M
$-36.0M
Total Assets
LCNB
LCNB
TLSI
TLSI
Q4 25
$2.2B
$35.3M
Q3 25
$2.2B
$36.5M
Q2 25
$2.3B
$41.3M
Q1 25
$2.3B
$28.6M
Q4 24
$2.3B
$24.0M
Q3 24
$2.3B
$27.5M
Q2 24
$2.4B
$32.4M
Q1 24
$2.3B
$17.9M
Debt / Equity
LCNB
LCNB
TLSI
TLSI
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
TLSI
TLSI
Operating Cash FlowLast quarter
$34.4M
$-2.5M
Free Cash FlowOCF − Capex
$33.4M
$-2.5M
FCF MarginFCF / Revenue
140.2%
-19.1%
Capex IntensityCapex / Revenue
4.0%
0.3%
Cash ConversionOCF / Net Profit
6.08×
TTM Free Cash FlowTrailing 4 quarters
$54.5M
$-19.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LCNB
LCNB
TLSI
TLSI
Q4 25
$34.4M
$-2.5M
Q3 25
$14.0M
$-3.7M
Q2 25
$5.5M
$-7.3M
Q1 25
$2.2M
$-4.5M
Q4 24
$93.2M
$-5.7M
Q3 24
$11.9M
$-10.8M
Q2 24
$54.9M
$-13.4M
Q1 24
$-11.9M
$-10.9M
Free Cash Flow
LCNB
LCNB
TLSI
TLSI
Q4 25
$33.4M
$-2.5M
Q3 25
$13.7M
$-3.9M
Q2 25
$5.2M
$-7.4M
Q1 25
$2.1M
$-5.3M
Q4 24
$89.4M
$-5.8M
Q3 24
$10.5M
$-11.0M
Q2 24
$53.8M
$-13.5M
Q1 24
$-12.8M
$-10.9M
FCF Margin
LCNB
LCNB
TLSI
TLSI
Q4 25
140.2%
-19.1%
Q3 25
57.4%
-33.9%
Q2 25
23.0%
-66.1%
Q1 25
10.0%
-57.3%
Q4 24
394.0%
-69.7%
Q3 24
49.0%
-149.9%
Q2 24
278.6%
-183.1%
Q1 24
-71.8%
-169.3%
Capex Intensity
LCNB
LCNB
TLSI
TLSI
Q4 25
4.0%
0.3%
Q3 25
1.3%
1.9%
Q2 25
1.0%
0.8%
Q1 25
0.3%
8.2%
Q4 24
16.7%
0.6%
Q3 24
6.7%
2.3%
Q2 24
5.9%
0.8%
Q1 24
4.8%
1.0%
Cash Conversion
LCNB
LCNB
TLSI
TLSI
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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