Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


August 29, 2015 11:19 AM ET

Banks

Company Overview of LNB Bancorp Inc.

Company Overview

LNB Bancorp, Inc. operates as the holding company for The Lorain National Bank that provides personal banking, mortgage and commercial banking, investment management, trust, title insurance, and insurance services. The company offers interest and noninterest-bearing checking accounts, savings accounts, and time deposits for retail and business customers; and transaction accounts and cash management services for corporate and municipal customers. 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 mort...

457 Broadway

Lorain, OH 44052

United States

Founded in 1905

272 Employees

Phone:

440-244-6000

Key Executives for LNB Bancorp Inc.

Chief Executive Officer, President, Director, Member of Executive Committee, Chief Executive Officer of Lorain National Bank and President of Lorain National Bank
Age: 56
Chief Financial Officer, Principal Accounting Officer and Senior Vice President
Age: 53
President of Morgan Bank Division
Age: 56
Chief Information Officer and Senior Vice President
Age: 62
Senior Vice President and Director of Marketing
Age: 58
Compensation as of Fiscal Year 2015.

LNB Bancorp Inc. Key Developments

LNB Bancorp Inc.(NasdaqGM:LNBB) dropped from NASDAQ Composite Index

LNB Bancorp Inc. will be removed from Nasdaq Composite Index.

LNB Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment Charges for the Second Quarter Ended June 30, 2015

LNB Bancorp Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $10,261,000 compared to $10,612,000 for the same period a year ago. Net interest income was $8,880,000 compared to $9,236,000 for the same period a year ago. Income before income tax expense was $3,110,000 compared to $2,796,000 for the same period a year ago. Net income available to common shareholders was $2,261,000 compared to $2,023,000 for the same period a year ago. Net income per common share, basic and diluted was $0.23 compared to $0.21 for the same period a year ago. Book value per common shares outstanding was $12.21 compared to $11.43 for the same period a year ago. Tangible book value per common shares outstanding was $9.95 compared to $9.49 for the same period a year ago. Return on average assets was 0.72% compared to 0.66% for the same period a year ago. Return on average common equity was 7.71% compared to 7.47% for the same period a year ago. For the six months, the company reported total interest income of $20,410,000 compared to $21,005,000 for the same period a year ago. Net interest income was $17,697,000 compared to $18,197,000 for the same period a year ago. Income before income tax expense was $5,715,000 compared to $4,910,000 for the same period a year ago. Net income available to common shareholders was $4,108,000 compared to $3,594,000 for the same period a year ago. Net income per common share, diluted was $0.42 compared to $0.37 for the same period a year ago. Return on average assets was 0.66% compared to 0.59% for the same period a year ago. Return on average common equity was 7.09% compared to 6.80 % for the same period a year ago. For the second quarter of 2015, net charge-offs were $868,000, or 0.37% of average loans (annualized), compared to $960,000, or 0.42% of average loans (annualized), for the same period last year.

LNB Bancorp Inc. Declares Cash Dividend for the Second Quarter of 2015, Payable on July 1, 2015

The Board of Directors of LNB Bancorp Inc. has declared a second quarter 2015 cash dividend of $0.03 a share, payable on July 1, 2015 to shareholders of record on May 29, 2015.

Similar Private Companies By Industry

Company Name Region
National Bank United States
Wells Fargo Capital II United States
Community State Bank of Rock Falls United States
Intrust Financial Corporation United States
First Fidelity Bank, National Association United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 15, 2014
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact LNB Bancorp Inc., please visit www.4lnb.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.