Welcome to our dedicated page for Sb Finl Group news (Ticker: SBFG), a resource for investors and traders seeking the latest updates and insights on Sb Finl Group stock.
SB Financial Group, Inc. (NASDAQ: SBFG) is a diversified financial services holding company headquartered in Defiance, Ohio, with operations centered on community banking and related financial services. Through its subsidiaries The State Bank and Trust Company (State Bank) and SBFG Title, LLC dba Peak Title, the company reports activities in full-service community banking, mortgage banking, wealth management, private client services and title insurance.
This news page aggregates company-issued updates and market news related to SB Financial Group. Readers can find earnings announcements for quarterly and annual periods, including detailed discussions of net interest income, noninterest income, mortgage banking revenue, loan and deposit growth and efficiency metrics. The company frequently pairs these releases with conference call and webcast schedules, providing additional context on financial results and strategic priorities.
In addition to earnings reports, SB Financial Group news includes items such as dividend declarations by the board of directors, changes in board composition, and information about acquisitions, such as the Marblehead Bank acquisition described as adding low-cost deposits and loans and expanding the company’s market presence in Northern Ohio. The company has also issued releases about its inclusion in the Russell 3000 and Russell 2000 indices.
For investors and followers of regional banks, this page offers a focused view of SB Financial Group’s public communications, from performance updates in commercial and agricultural lending and mortgage banking to developments in its wealth management and title businesses. Users interested in SBFG stock, community banking trends within the company’s footprint, or its capital management activities can review the evolving news flow and revisit past releases for historical perspective.
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SB Financial Group (NASDAQ: SBFG) reported earnings for Q1 2023, showing a net income of $2.5 million, a 12.9% decrease from the prior year, with diluted EPS at $0.35. Adjusted for Mortgage Servicing Rights recapture, net income increased by 14.0% year-over-year. Noninterest expenses declined 0.8% to $10.8 million, while loan growth reached $14.2 million (5.9% annualized) and deposit growth was $23.5 million (8.6% annualized). Total operating revenue fell by 2.0% year-over-year to $13.99 million, with a notable 36.8% drop in noninterest income. Mortgage loan originations decreased by 49.3% compared to the previous year, totaling $49.3 million, attributed to a challenging rate environment. Despite these challenges, nonperforming assets stood stable at 0.35% of total assets, down 16% from the prior year.
SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company, will announce its first quarter 2023 financial results on April 20, 2023, following the market close. A conference call to discuss these results is scheduled for April 21, 2023, at 11:00 a.m. EDT, which can be accessed by dialing 888-338-9469 or through a live webcast. Headquartered in Defiance, Ohio, SB Financial offers community banking, mortgage banking, and wealth management services across 23 offices. It was recognized in April 2022 as part of the Keefe, Bruyette & Woods “Bank Honor Roll” for consistent earnings growth.
SB Financial Group (NASDAQ: SBFG) reported its fourth quarter and full-year earnings for 2022, showing a net income of $3.5 million, a 6% increase year-over-year, with a diluted EPS of $0.50. However, annual net income decreased by 31.5% to $12.5 million compared to $18.3 million in 2021, resulting in an EPS decline of 30.9%. Total loans increased by $141.4 million, or 17.2%, while total deposits dropped by 2.4%. Noninterest income plummeted, impacted by lower mortgage activity.
Despite challenges, the company's asset quality remained solid, with nonperforming assets at 38 basis points.
SB Financial Group, Inc. (NASDAQ: SBFG) will release its fourth quarter 2022 financial results on January 26, 2023, after market close. A related conference call will occur on January 27, 2023, at 11:00 a.m. EDT. Interested participants can join by calling 888-338-9469 or via the webcast at ir.yourstatebank.com. SB Financial is recognized as a top performer, included in the Keefe, Bruyette & Woods, Inc. "Bank Honor Roll" for consistent earnings per share growth over the past decade.