SB Financial Group

SB Financial Group, Inc. is a financial holding company, which engages in the provision of commercial banking and wealth management solutions. The company offers checking, savings, e-services, mortgage loans, mortgage applications, mortgage tool, credit cards, and loans and lines services. It also provides investment and asset management, retirement services, insurance, business succession planning, and brokerage services. The company was founded in 1983 and is headquartered in Defiance, OH.

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Earnings data Q4 2024

SB Financial Group posts solid Q2 earnings, eyes growth opportunities

SB Financial Group (SBFG) delivered a solid performance in Q2 2024, with growth in net income, earnings per share, and tangible book value per share. The company's strategic initiatives and focus on revenue diversity bode well for future success.
While challenges such as economic uncertainties and market competition exist, SB Financial Group's strengths in mortgage banking revenue, credit outlook, and operational efficiency provide a strong foundation for growth. Opportunities in market expansion and risk management further enhance the company's prospects.
With a positive outlook for loan growth, margin improvement, and asset yield enhancements, SB Financial Group remains well-positioned for sustained performance and shareholder value creation. The company's commitment to excellence in operations and expense management underscores its resilience and strategic vision.

SB Financial Group posts robust Q3 results, eyes sustainable growth

SB Financial Group delivered strong financial results in Q3 2024, marked by increased net income, earnings per share, and tangible book value per share.
The company's strategic focus on revenue diversity, client relationships, and operational excellence positions it well for future growth.
While challenges like managing expenses persist, SB Financial Group has opportunities to capitalize on market dynamics for sustained success.

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DEFIANCE, Ohio , Jan. 27, 2022 /PRNewswire/ -- SB Financial Group, Inc. (NASDAQ: SBFG) ("SB Financial" or the "Company"), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services today reported earnings for the fourth quarter and twelve months ended December 31, 2021. Fourth quarter 2021 highlights for the fourth quarter include: Net income of $3.3 million; diluted earnings per share ("EPS") of $0.49 or a 31.0 percent decrease year over year Adjusted net income, excluding the positive impact of the Originated Mortgage Servicing Rights ("OMSR") recovery of $581,000 was $2.9 million, with EPS of $0.42 Mortgage origination volume of $126.7 million, reflects a decrease of $42.3 million, or 25.0 percent Full year 2021 highlights over the prior year include: Net income of $18.3 million, which is the highest in history for the Company, with EPS of $2.56 or a 30.6 percent increase Loans increased $18.5 million, or 2.3 percent year over year excluding the impact of Paycheck Protection Program ("PPP") loan balances in 2020 and 2021 of $2.0 and $70.6 million, respectively Deposits increased by $64.0 million, or 6.1 percent to $1.11 billion Mortgage origination volume of $600.0 million, was a decline of $94.2 million or 13.6 percent with the mortgage servicing portfolio increasing by $63.3 million to $1.36 billion, or 4.9 percent Provision expense of $1.1 million declined 76.7 percent from the year ago period, with net recoveries of $181,000 in 2021, compared to net charge offs of $681,000 in 2020   Highlights Three Months Ended Twelve Months Ended ($ in thousands, except per share & ratios) Dec. 2021 Dec. 2020 % Change Dec. 2021 Dec. 2020 % Change Operating revenue  $      15,667 $      18,153 -13.7% $      68,581 $      66,026 3.9% Interest income  10,003 10,589 -5.5% 41,904 42,635 -1.7% Interest expense 925 1,338 -30.9% 4,020 6,705 -40.0% Net interest income  9,078 9,251 -1.9% 37,884 35,930 5.4% Provision for loan losses - 800 -100.0% 1,050 4,500 -76.7% Noninterest income 6,589 8,902 -26.0% 30,697 30,096 2.0% Noninterest expense 11,567 10,684 8.3% 44,808 43,087 4.0% Net income  3,332 5,358 -37.8% 18,277 14,944 22.3% Earnings per diluted share 0.49 0.71 -31.0% 2.56 1.96 30.6% Return on average assets 0.99% 1.73% -42.8% 1.38% 1.29% 7.0% Return on average equity 9.21% 15.05% -38.8% 12.67% 10.74% 18.0% Non-GAAP Measures Adjusted net income $        2,873 $        5,841 -50.8% $      15,563 $      18,757 -17.0% Adjusted diluted EPS 0.42 0.77 -45.5% 2.18 2.44 -10.7% Adjusted return on average assets 0.86% 1.89% -54.5% 1.18% 1.62% -27.2% Adjusted pre-tax, pre-provision income 3,518 8,080 -56.5% 20,331 27,765 -26.8% "The fourth quarter completed the highest earnings performance for our Company in our history," said Mark A.

SB Financial Group Announces Fourth Quarter Results and Record Full Year 2021 earnings

SB Financial Group, Inc. (SBFG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate SB Financial Group, Inc. (SBFG) to Report a Decline in Earnings: What to Look Out for

DEFIANCE, Ohio, Jan. 14, 2022 /PRNewswire/ -- SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services, expects to release its fourth quarter 2021 financial results on Thursday, January 27, 2022, after the close of the market.  The company will hold a related conference call and webcast on Friday, January 28, at 11:00 a.m.

SB Financial Group, Inc. Announces Schedule for Fourth Quarter 2021 Results

SB Financial Group, Inc. (SBFG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

SB Financial Group, Inc. (SBFG) Upgraded to Strong Buy: What Does It Mean for the Stock?

SB Financial Group, Inc. (SBFG) CEO Mark Klein on Q3 2021 Results - Earnings Call Transcript

SB Financial Group, Inc. (SBFG) delivered earnings and revenue surprises of 21.74% and 9.69%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

SB Financial Group, Inc. (SBFG) Tops Q3 Earnings and Revenue Estimates

DEFIANCE, Ohio, Oct. 28, 2021 /PRNewswire/ -- SB Financial Group, Inc. (NASDAQ: SBFG) ("SB Financial" or the "Company"), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services today reported earnings for the third quarter and nine months ended September 30, 2021. Third quarter 2021 highlights over prior-year third quarter include: Net income of $4.1 million; diluted earnings per share ("EPS") of $0.58 or a 15.9 percent decrease Adjusted net income, excluding the impact of the Originated Mortgage Servicing Rights ("OMSR") impairment of $250,000 was $3.9 million, with EPS of $0.56 Mortgage origination volume of $152.6 million, reflects a decrease of $47.5 million, or 23.8 percent Third quarter 2021 highlights over the linked quarter include: Net income up $342,000 with EPS increasing $0.06 or 11.5 percent Loan growth excluding the impact of Paycheck Protection Program ("PPP") was up $20.6 million or 10 percent annualized Nine months ended September 30, 2021, highlights over prior-year nine months include: Net income of $14.9 million and diluted EPS of $2.08, compared to $9.6 million, or $1.25 per share or a 66.4 percent increase Adjusted net income, excluding the impact of OMSR activity and merger costs, was $12.7 million, down $227,000 or 1.8 percent with EPS of $1.76, up $0.09 or 5.4 percent Third quarter 2021 trailing twelve-month highlights include: Loans, excluding the impact of PPP loan balances from both years of $10.2 and $82.1 million, respectively, increased $32.6 million, or 4.1 percent from the prior year Deposits grew by $97.7 million, or 9.6 percent to $1.11 billion at quarter end Mortgage origination volume of $642.3 million; servicing portfolio of $1.34 billion, which is up $48.4 million, or 3.7 percent Highlights Three Months Ended Nine Months Ended ($ in thousands, except per share & ratios) Sep. 2021 Sep. 2020 % Change Sep. 2021 Sep. 2020 % Change Operating revenue  $      16,673 $      19,677 -15.3% $      52,914 $      47,873 10.5% Interest income  11,033 10,807 2.1% 31,901 32,046 -0.5% Interest expense 1,009 1,548 -34.8% 3,095 5,367 -42.3% Net interest income  10,024 9,259 8.3% 28,806 26,679 8.0% Provision for loan losses 300 1,800 -83.3% 1,050 3,700 -71.6% Noninterest income 6,649 10,418 -36.2% 24,108 21,194 13.7% Noninterest expense 11,256 11,335 -0.7% 33,241 32,403 2.6% Net income  4,103 5,250 -21.8% 14,945 9,586 55.9% Earnings per diluted share 0.58 0.69 -15.9% 2.08 1.25 66.4% Return on average assets 1.23% 1.73% -28.9% 1.51% 1.12% 34.8% Return on average equity 11.35% 15.01% -24.4% 13.84% 9.74% 42.1% Non-GAAP Measures Adjusted net income $        3,907 $        4,992 -21.7% $      12,690 $      12,917 -1.8% Adjusted diluted EPS 0.56 0.65 -13.8% 1.76 1.67 5.4% Adjusted return on average assets 1.17% 1.64% -28.7% 1.34% 1.41% -5.0% Adjusted pre-tax, pre-provision income 5,169 8,016 -35.5% 17,569 18,444 -4.7% "The third quarter saw significant PPP forgiveness, which drove our EPS up nearly 12 percent from the linked quarter" said Mark A.

SB Financial Group Announces Third Quarter 2021 Results

DEFIANCE, Ohio, Oct. 15, 2021 /PRNewswire/ -- SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services, expects to release its third quarter 2021 financial results on Thursday, October 28, 2021, after the close of the market.  The company will hold a related conference call and webcast on Friday, October 29, at 11:00 a.m.

SB Financial Group, Inc. Announces Schedule for Third Quarter 2021 Results

DEFIANCE, Ohio, Sept. 1, 2021 /PRNewswire/ -- SB Financial Group, Inc. (NASDAQ: SBFG) ("SB Financial" or the "Company"), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services today announced that the Board of Directors, upon the recommendation of the Governance and Nominating Committee, appointed Timothy L.

Photo Release -- SB Financial Group, Inc. Welcomes Timothy L. Claxton as New Director

SB Financial Group, Inc. (SBFG) CEO Mark Klein on Q2 2021 Results - Earnings Call Transcript

SB Financial Group, Inc. (SBFG) delivered earnings and revenue surprises of -1.85% and -3.12%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

SB Financial Group, Inc. (SBFG) Q2 Earnings and Revenues Miss Estimates

DEFIANCE, Ohio, July 26, 2021 /PRNewswire/ -- SB Financial Group, Inc. (NASDAQ: SBFG) ("SB Financial" or the "Company"), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services today reported earnings for the second quarter and six months ended June 30, 2021. Second quarter 2021 highlights over prior-year second quarter include: Net income of $3.8 million; diluted earnings per share ("EPS") of $0.52 or a 10.6 percent increase Adjusted net income, excluding the impact of the Originated Mortgage Servicing Rights ("OMSR") impairment of $0.1 million was $3.84 million, with EPS of $0.53 Mortgage origination volume of $164.9 million, reflects a decrease of $58.8 million, or 26.3 percent Six months ended June 30, 2021, highlights over prior-year six months include: Net income of $10.8 million and diluted EPS of $1.49, compared to $4.3 million, or $0.56 per share or a 166.1 percent increase Adjusted net income, excluding the impact of OMSR activity and merger costs of $8.8 million, up $0.9 million or 10.9 percent Adjusted diluted EPS of $1.21, up $0.18 per share or 17.5 percent Second quarter 2021 trailing twelve-month highlights include: Loans excluding Paycheck Protection Program ("PPP") loan balances of $34.8 million, decreased $3.0 million, or 0.4 percent from the prior year Deposits grew by $100.4 million, or 10.1 percent to $1.09 billion at quarter end Mortgage origination volume of $689.9 million; servicing portfolio of $1.32 billion, which is up $1.2 million, or 4.9 percent   Highlights Three Months Ended Six Months Ended ($ in thousands, except per share & ratios) Jun. 2021 Jun. 2020 % Change Jun. 2021 Jun. 2020 % Change Operating revenue  $      15,694 $      17,487 -10.3% $      36,241 $      28,196 28.5% Interest income  10,163 10,595 -4.1% 20,868 21,239 -1.7% Interest expense 1,006 1,723 -41.6% 2,086 3,819 -45.4% Net interest income  9,157 8,872 3.2% 18,782 17,420 7.8% Provision for loan losses - 1,300 -100.0% 750 1,900 -60.5% Noninterest income 6,537 8,615 -24.1% 17,459 10,776 62.0% Noninterest expense 11,076 11,662 -5.0% 21,985 21,068 4.4% Net income  3,761 3,655 2.9% 10,842 4,336 150.0% Earnings per diluted share 0.52 0.47 10.6% 1.49 0.56 166.1% Return on average assets 1.13% 1.25% -9.6% 1.66% 0.78% 112.8% Return on average equity 10.42% 10.31% 1.1% 15.09% 6.22% 142.6% Non-GAAP Measures Adjusted net income $        3,840 $        5,495 -30.1% $        8,783 $        7,923 10.9% Adjusted diluted EPS 0.53 0.71 -25.4% 1.21 1.03 17.5% Adjusted return on average assets 1.16% 1.88% -38.3% 1.50% 1.42% 6.3% Adjusted pre-tax, pre-provision income 4,717 8,154 -42.1% 10,900 11,669 -6.6% "We began to see some return to normalcy in our second quarter results" said Mark A.

SB Financial Group Announces Second Quarter 2021 Results

DEFIANCE, Ohio, July 13, 2021 /PRNewswire/ -- SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services expects to release its second-quarter 2021 financial results on Monday, July 26, 2021, after the close of the market.  The company will hold a related conference call and webcast on Tuesday, July 27, at 11:00 a.m.

SB Financial Group, Inc. Announces Schedule for Second-Quarter 2021 Results

SB Financial (SBFG) announces a new share-repurchase program as part of its capital-deployment plan, which will likely enhance shareholder value.

SB Financial (SBFG) Rewards Investors With New Buyback Plan

DEFIANCE, Ohio, May 27, 2021 /PRNewswire/ -- SB Financial Group, Inc. (NASDAQ: SBFG) ("SB Financial" or the "Company"), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services, today announced that its board of directors has authorized a share repurchase program through May 31, 2022.  Pursuant to the share repurchase program, the Company is authorized to purchase up to an aggregate of 750,000 common shares, equal to approximately 10 percent of the common shares of the Company.

SB Financial Group, Inc. Announces Authorization of Share Repurchase Program of up to 750,000 Common Shares

DEFIANCE, Ohio, May 27, 2021 /PRNewswire/ -- SB Financial Group, Inc. (NASDAQ: SBFG) ("SB Financial" or the "Company"), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services, today announced the completion of its issuance and sale of $20 million aggregated principal amount of fixed-to-floating rate subordinated notes due 2031 (the "Notes") in a private placement exempt from the registration requirements under the Securities Act of 1933, as amended.  The Notes bear a fixed rate of 3.65% for the first five years and will reset quarterly thereafter to the then current three-month SOFR rate plus 296 basis points.

SB Financial Group, Inc. Completes Private Placement of $20 Million of Subordinated Notes

DEFIANCE, Ohio, May 12, 2021 /PRNewswire/ -- SB Financial Group, Inc. (NASDAQ: SBFG) ("SB Financial" or the "Company"), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services, today announced it has been named to the 2021 Keefe, Bruyette & Woods, Inc. "Bank Honor Roll" of superior performers. KBW, a full–service, boutique investment bank and broker–dealer that specializes in the financial services sector, found that 16 banking institutions, just 4% of the nearly 400 banks screened, qualified for inclusion on its Bank Honor Roll in 2021.

SB Financial Group, Inc. Named to KBW 2021 Annual Bank Honor Roll

SB Financial Group, Inc. (SBFG) CEO Mark Klein on Q1 2021 Results - Earnings Call Transcript

SB Financial Group, Inc. (SBFG) delivered earnings and revenue surprises of 15.25% and 23.04%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

SB Financial Group, Inc. (SBFG) Q1 Earnings and Revenues Top Estimates

DEFIANCE, Ohio, April 30, 2021 /PRNewswire/ -- SB Financial Group, Inc. (NASDAQ: SBFG) ("SB Financial" or the "Company"), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services today reported earnings for the first quarter ended March 31, 2021. First quarter 2021 highlights over prior-year first quarter include: Net income of $7.1 million up $6.4 million or 939.6 percent; diluted earnings per share ("EPS") of $0.97, up $0.88 per share or 977.8 percent, which was the highest quarterly earnings in Company history Adjusted net income, excluding the impact of the Originated Mortgage Servicing Rights ("OMSR") recapture, was $4.9 million, which yields a decrease in adjusted EPS of $0.29 to $0.68.

SB Financial Group Announces Record First Quarter 2021 Results

DEFIANCE, Ohio, April 19, 2021 /PRNewswire/ -- SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services expects to release its first-quarter 2021 financial results on Friday, April 30, 2021, after the close of the market.  The company will hold a related conference call and webcast on Monday, May 3, at 11:00 a.m.

SB Financial Group, Inc. Announces Schedule for First-Quarter 2021 Results

SB Financial Group, Inc. (SBFG) to Report Q1 Results: Wall Street Expects Earnings Growth

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SB Financial Group, Inc. (SBFG) CEO Mark Klein on Q4 2020 Results - Earnings Call Transcript

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