Is LARK or LCNB more undervalued in 2026?

CirclFi compares Landmark Bancorp Inc. (LARK) and LCNB Corporation (LCNB) using 13 institutional-grade valuation models. LARK has a Quality of Company score of 9.0/10 while LCNB scores 5.8/10.

Which is a better buy — LARK or LCNB?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do LARK and LCNB valuations compare?

LARK at $28.42 and LCNB at $17.04 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

LARK vs LCNB Valuation Comparison 2026 — Intrinsic Value Analysis

LARK

National Commercial Banks

Landmark Bancorp Inc.

Quality

9.0

out of 10

Value Trap

SAFE

Price

$28.42

Last close

Models

11/13

Active

LCNB

National Commercial Banks

LCNB Corporation

Quality

5.8

out of 10

Value Trap

SAFE

Price

$17.04

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	LARK Fair Value	LARK Upside	LCNB Fair Value	LCNB Upside
Bayesian DCF	Intrinsic	$18.70	-34.2%	$5.61	-67.1%
Earnings Power Value	Intrinsic	$24.52	-13.7%	$5.44	-68.1%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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LARK vs LCNB — Which Stock Is More Undervalued?

LARK scores higher with a 9.0/10 quality rating vs LCNB's 5.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Landmark Bancorp Inc. (LARK) and LCNB Corporation (LCNB) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

LARK currently trades at $28.42 with a QOC of 9.0/10, while LCNB trades at $17.04 with a QOC of 5.8/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).