Sb Finl Group Inc Stock Price, News & Analysis

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.

SB Financial Group reported Q3 2022 results with a net income of $3.3 million and diluted EPS of $0.47, marking a 19% decrease year-over-year. The company experienced loan growth of $29.6 million (13.2% annualized) and deposit growth of $14.1 million (5.3% annualized). However, total operating revenue dropped 13.2% to $14.5 million, primarily due to decreased mortgage banking revenue. Noninterest income fell 39.2% year-over-year. Despite challenges, asset quality remains strong with nonperforming assets at 40 basis points and net recoveries for the quarter.

SB Financial Group, Inc. (NASDAQ: SBFG), based in Defiance, Ohio, will release its third quarter 2022 financial results on November 1, 2022, after market close. A conference call and webcast will follow on November 2, 2022, at 11:00 a.m. EDT. The company offers a range of financial services through its subsidiary, State Bank, and has received recognition in April 2022 for its consistent earnings per share growth, being named to the Keefe, Bruyette & Woods 'Bank Honor Roll.' Interested parties can access the conference call via a provided phone number or the company's website.

SB Financial Group reported a net income of $2.8 million for Q2 2022, down 24.6% year-over-year, with a diluted EPS of $0.40, reflecting a 23.1% decrease. The company noted significant challenges in mortgage origination, totaling $95.5 million, a decline of 42.1%. For the first half of 2022, net income was $5.6 million, or $0.79 per share, a 47% drop from the previous year. Despite a 9.7% increase in loans, total operating revenue fell by 9.1%, driven by a 28.5% drop in noninterest income.

SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company, will release its second quarter 2022 financial results on July 25, 2022, after market close. A conference call will follow on July 26, 2022, at 11:00 a.m. EDT. This call can be accessed at ir.yourstatebank.com or by dialing 888-338-9469.

SBFG is recognized for its strong performance, being named to the Bank Honor Roll by Keefe, Bruyette & Woods for consistent earnings growth over the last decade.

SB Financial Group, Inc. (NASDAQ: SBFG) has been recognized for the second consecutive year on the 2022 Keefe, Bruyette & Woods 'Bank Honor Roll', highlighting 17 top-performing banks out of 5% screened. This accolade signifies SB Financial's robust performance, consistently increasing earnings per share over the last decade. The company's diversified services include community banking, mortgage banking, and wealth management, serving clients across Ohio and Indiana. The recognition emphasizes SB Financial's commitment to delivering exceptional results for its stakeholders.

SB Financial Group reported a net income of $2.8 million for Q1 2022, a 60.3% decline year-over-year. Diluted EPS fell 58.8% to $0.40. Adjusted net income dropped 57.3% to $2.1 million, with mortgage origination volume decreasing by 37.5% to $97.4 million. Overall operating revenue decreased 30.5% to $14.3 million, primarily due to lower mortgage activity. Deposits rose 1.6% to $1.14 billion, while total assets increased 0.7% to $1.34 billion. The company maintained asset quality, reporting a decline in nonperforming assets by 13.8% to $5.6 million.

SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company based in Defiance, Ohio, will release its first quarter 2022 financial results on April 28, 2022, after market close. A conference call is scheduled for April 29, 2022, at 11:00 a.m. EDT, accessible by dialing 888-338-9469 or via a live webcast. The company offers a variety of financial services through its State Bank and SBFG Title, LLC dba Peak Title subsidiaries. SB Financial was recently recognized in the Bank Honor Roll for consistent EPS increases over the past decade.

SB Financial Group (NASDAQ: SBFG) announced its fourth-quarter earnings for 2021, reporting a net income of $3.3 million and a diluted earnings per share (EPS) of $0.49, down 31% year-over-year. Adjusted net income, excluding a recovery from mortgage servicing, was $2.9 million with EPS of $0.42. Mortgage origination volume decreased by 25% to $126.7 million. However, the full year recorded a historic net income of $18.3 million, an increase of 30.6% compared to 2020, with total loans up by 2.3% and deposits increased by 6.1% to $1.11 billion.