STOCK TITAN

SB Financial Group, Inc. - SBFG STOCK NEWS

Welcome to our dedicated page for SB Financial Group news (Ticker: SBFG), a resource for investors and traders seeking the latest updates and insights on SB Financial Group stock.

SB Financial Group, Inc. (SBFG) is a renowned holding company that operates through two primary subsidiaries: State Bank and RDSI/DCM. Founded in 1902 as The State Bank and Trust Company of Defiance by Elbert E. Carter, the company has grown into one of northwest Ohio’s leading financial institutions. With a rich history of stability and community leadership, State Bank was one of the few financial institutions to remain open during the Great Depression, playing a crucial role in the Defiance community's economic resilience.

Today, SB Financial Group continues to uphold its legacy of integrity and leadership within the banking sector. The company offers a comprehensive range of financial services tailored to meet the needs of both consumers and small businesses. These services include commercial and agricultural lending, mortgage banking, wealth management, and trust services. The bank accepts various types of deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and certificates of deposit. Revenue is primarily generated through interest income.

With 17 professional community banking centers and four loan production offices, SB Financial Group prides itself on delivering proactive and innovative financial solutions. Its commitment to service is demonstrated by its employees' passion for supporting their local communities.

In recent achievements, SB Financial Group was ranked #163 by American Banker Magazine in May 2023, based on a three-year average return on equity. This recognition underscores the company's robust financial performance and strategic growth initiatives.

The company’s financial condition remains strong, with recent highlights indicating solid performance across various metrics. For instance, the second quarter of 2023 showcased significant growth compared to the previous year, with notable improvements in consolidated revenue, mortgage loan business, and noninterest income and expenses. SB Financial Group continues to maintain high asset quality and a robust balance sheet, ensuring long-term stability and growth.

For more detailed financial data and updates, SB Financial Group regularly hosts webcasts and conference calls to discuss quarterly and annual results, providing transparency and insights to investors.

For investor inquiries, you can contact:

  • Mark A. Klein - Chairman, President, and Chief Executive Officer - 419-783-8920
  • Anthony V. Cosentino - Executive Vice President and Chief Financial Officer - 419-785-3663
Rhea-AI Summary

SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company, has announced the schedule for its third quarter 2024 financial results. The company plans to release its results on Thursday, October 24, 2024, after the market closes. Following this, SB Financial Group will host a conference call and webcast on Friday, October 25, 2024, at 11:00 a.m. EDT.

Interested parties can access the conference call by dialing 888-338-9469 and requesting the "SB Financial Group Conference Call." Additionally, the call will be webcast live at ir.yourstatebank.com. An audio replay of the call will be made available on the company's website for those unable to attend the live event.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
Tags
-
Rhea-AI Summary

SB Financial Group (NASDAQ: SBFG) and Marblehead Bancorp have announced a merger agreement, unanimously approved by both companies' boards. Marblehead shareholders will receive $196.31 in cash per share, valuing the transaction at approximately $5.0 million. This merger will add two full-service branches and one -service branch to State Bank's footprint, expanding its presence in Northwest Ohio and Ottawa County.

The combined entity will have total assets of about $1.4 billion, net loans of $1.1 billion, and deposits of $1.2 billion, based on June 30, 2024 data. The transaction is expected to close in the fourth quarter of 2024, subject to regulatory and Marblehead Bancorp shareholder approvals. This strategic move aligns with SB Financial's goal of investing in areas where it can best serve customers and strengthens its position in the region.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

SB Financial Group (NASDAQ: SBFG) reported Q2 2024 earnings, showing resilience amid economic challenges. Key highlights include:

- Net income of $3.1 million, up 1.2% year-over-year
- Diluted EPS increased 6.8% to $0.47
- Loan growth of 2.1% to $1.01 billion
- Deposit growth of 4.1% to $1.12 billion
- Mortgage banking revenue up 18.8% to $1.8 million

The company maintained strong asset quality with nonperforming loans at 0.47% of total loans. Despite a slight decrease in net interest income, SB Financial demonstrated operational resilience through increased mortgage originations and sales, and improved efficiency in mortgage operations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.27%
Tags
Rhea-AI Summary

SB Financial Group (NASDAQ: SBFG) announced that it will release its second quarter 2024 financial results on July 18, 2024, after market close. The company will also host a conference call and webcast the following day, July 19, 2024, at 11:00 a.m. EDT. The call can be accessed by dialing 888-338-9469 and requesting the 'SB Financial Group Conference Call.' Additionally, the call will be webcast live on their investor relations website, ir.yourstatebank.com. An audio replay will also be available on the same website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
-
Rhea-AI Summary
SB Financial Group, Inc. (NASDAQ: SBFG) reported first-quarter 2024 results showing net income of $2.4 million, down 3.3% from the prior year, with diluted EPS at $0.35. Despite a decrease in net interest income, loan growth increased to $991.6 million, and nonperforming assets improved to 0.22% of total assets. The company demonstrated resilience in a challenging economic environment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
Tags
-
Rhea-AI Summary
SB Financial Group, Inc. (SBFG) to release first quarter 2024 financial results on April 18, 2024. Conference call scheduled for April 19, 2024, at 11:00 a.m. EDT.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
SB Financial Group, Inc. reported earnings for the fourth quarter and twelve months ended December 31, 2023, with highlights including a 9.9% increase in net income, a 4.0% loan growth, and strong asset quality. However, net income decreased slightly for the twelve months ended December 31, 2023. Mortgage origination volume was $215.5 million for the trailing twelve months, with a servicing portfolio of $1.37 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.27%
Tags
-
Rhea-AI Summary
SB Financial Group, Inc. (NASDAQ: SBFG) to release Q4 and full year 2023 results on January 25, 2024, with a related conference call and webcast on January 26, 2024, at 11:00 a.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.05%
Tags
-
Rhea-AI Summary
SB Financial Group, Inc. reported net income of $2.7 million for Q3 2023, a decrease of 19.6% compared to the same quarter last year. Loans have grown for 7 consecutive quarters, with a 6.9% increase in loan growth. Deposit costs have increased by $8.3 million compared to the prior year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.81%
Tags
Rhea-AI Summary
SB Financial Group to release Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.9%
Tags

FAQ

What is the current stock price of SB Financial Group (SBFG)?

The current stock price of SB Financial Group (SBFG) is $19.54 as of October 9, 2024.

What is the market cap of SB Financial Group (SBFG)?

The market cap of SB Financial Group (SBFG) is approximately 134.0M.

What services does SB Financial Group offer?

SB Financial Group offers commercial and agricultural lending, mortgage banking, wealth management, trust services, and a variety of deposit accounts.

When was SB Financial Group founded?

The company was founded in 1902 as The State Bank and Trust Company of Defiance.

How many banking centers does SB Financial Group have?

The company operates 17 professional community banking centers and four loan production offices.

How does SB Financial Group generate revenue?

The company primarily earns revenue through interest income from its various financial services.

Who should I contact for investor inquiries?

You can contact Mark A. Klein, Chairman, President, and CEO, at 419-783-8920, or Anthony V. Cosentino, Executive Vice President and CFO, at 419-785-3663.

What recent recognition has SB Financial Group received?

In May 2023, SB Financial Group was ranked #163 by American Banker Magazine based on a three-year average return on equity.

What is SB Financial Group's history during tough economic times?

The State Bank remained open during the Great Depression and supported the community through U.S. savings bond drives during World War II.

What recent financial performance highlights has SB Financial Group reported?

Significant growth in consolidated revenue, mortgage loan business, and noninterest income and expenses were reported in the second quarter of 2023.

What makes SB Financial Group stand out in its community?

The company is known for its proactive, innovative solutions and a strong commitment to service, influencing community development positively.

Where is the main branch of SB Financial Group located?

The main branch is located at the southwest corner of Clinton and Third Street in Defiance, Ohio.

SB Financial Group, Inc.

Nasdaq:SBFG

SBFG Rankings

SBFG Stock Data

133.95M
6.73M
10.32%
50.18%
0.1%
Banks - Regional
State Commercial Banks
Link
United States of America
DEFIANCE