Last $12.03 USD
Change Today -0.13 / -1.07%
Volume 717.0
LNBB On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

l n b bancorp inc (LNBB) Snapshot

Open
$12.17
Previous Close
$12.16
Day High
$12.23
Day Low
$12.03
52 Week High
06/30/14 - $12.39
52 Week Low
07/12/13 - $8.78
Market Cap
116.3M
Average Volume 10 Days
9.9K
EPS TTM
$0.65
Shares Outstanding
9.7M
EX-Date
05/28/14
P/E TM
18.5x
Dividend
$0.04
Dividend Yield
0.33%
Current Stock Chart for L N B BANCORP INC (LNBB)

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l n b bancorp inc (LNBB) Details

LNB Bancorp, Inc. operates as the holding company for The Lorain National Bank that provides personal banking, mortgage and commercial banking, investment management, trust, and title insurance services. The company accepts various transaction and time deposit accounts, including interest and noninterest-bearing checking accounts, savings accounts, and time deposits. It also provides commercial and industrial loans, commercial real estate loans, construction and equipment loans, letters of credit, revolving lines of credit, small business administration loans, and government guaranteed loans; and residential mortgages, automobile and personal loans, indirect automobile loans, second mortgages, and home equity lines of credit, as well as indirect lending services to new and used automobile dealerships located in Ohio, Kentucky, Indiana, North Carolina, Tennessee, and Georgia. In addition, the company offers safe deposit boxes, night depository, U.S. savings bonds, travelers’ checks, money orders, cashiers checks, automated teller machines (ATMs), debit cards, wire transfers, electronic funds transfers, and foreign drafts, as well as foreign currency, phone and Internet banking, lockbox, and other services. As of May 21, 2013, it operated through 20 retail-banking locations and 28 ATMs in Lorain, eastern Erie, western Cuyahoga, and Summit counties. The company was founded in 1905 and is headquartered in Lorain, Ohio.

267 Employees
Last Reported Date: 02/27/14
Founded in 1905

l n b bancorp inc (LNBB) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $560.8K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $291.7K
Chief Information Officer and Senior Vice Pre...
Total Annual Compensation: $217.9K
Senior Vice President and Director of Human R...
Total Annual Compensation: $189.8K
Senior Vice President, Director of Indirect L...
Total Annual Compensation: $177.8K
Compensation as of Fiscal Year 2013.

l n b bancorp inc (LNBB) Key Developments

LNB Bancorp Inc. Declares Second Quarter Dividend, Payable on July 1, 2014

The Board of Directors of LNB Bancorp Inc. has declared a second quarter 2014 cash dividend of $0.01 a share, payable on July 1, 2014 to shareholders of record on May 30, 2014.

LNB Bancorp Inc. Appoints Crowe Horwath LLP as Independent Registered Public Accounting Firm for 2014

LNB Bancorp Inc. held its Annual Meeting of Shareholders on April 29, 2014. At the meeting, its shareholders ratified the appointment of Crowe Horwath LLP as the company's independent registered public accounting firm for the company's 2014 fiscal year.

LNB Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Announces Net Charge-Offs for the First Quarter Ended March 31, 2014

LNB Bancorp Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total interest income of $10,393,000 compared to $10,274,000 for the same period a year ago. Net interest income was $8,961,000 compared to $8,704,000 for the same period a year ago. Income before income tax expense was $2,114,000 compared to $1,405,000 for the same period a year ago. Net income was $1,606,000 compared to $1,113,000 for the same period a year ago. Net income available to common shareholders was $1,571,000 compared to $856,000 for the same period a year ago. Net income per common share, basic and diluted was $0.16 compared to $0.10 for the same period a year ago. Book value per common shares outstanding was $11.08 compared to $10.87 for the same period a year ago. Tangible book value per common shares outstanding was $8.81 compared to $8.49 for the same period a year ago. Return on average assets was 0.53% compared to 0.38% for the same period a year ago. Return on average common equity was 6.11% compared to 4.09% for the same period a year ago. Excluding the Supplemental Executive Retirement Plan expense, the adjusted net income available to common shareholders totaled $1,311,000 in the first quarter of 2013. The adjusted net income available to common shareholders increased $260,000, or 19.8%, from the first quarter 2013 to the first quarter 2014. For the first quarter ended March 31, 2014, the company reported net charge-offs of $908,000 compared to $1,181,000 for the same period a year ago.

 

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LNBB

Industry Average

Valuation LNBB Industry Range
Price/Earnings 18.2x
Price/Sales 2.7x
Price/Book 1.1x
Price/Cash Flow 17.5x
TEV/Sales NM Not Meaningful
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