Sb Finl Group Inc Stock Price, News & Analysis

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.

SB Financial Group, Inc. (NASDAQ: SBFG) plans to announce its fourth quarter 2021 financial results on January 27, 2022, after market close. A conference call will take place on January 28 at 11:00 a.m. EDT, accessible via phone at 1-888-338-9469 or through a live webcast. SB Financial, headquartered in Defiance, Ohio, offers a wide range of financial services, including community banking and title insurance, with a presence across Ohio, Indiana, and Michigan. The firm has been recognized for EPS growth, being listed on the Bank Honor Roll by Keefe, Bruyette & Woods.

SB Financial Group reported a net income of $4.1 million for Q3 2021, showing a 21.8% decrease year-over-year, and 66.4% increase for the nine months with $14.9 million. EPS was $0.58, down 15.9% year-over-year but up 11.5% from last quarter. Mortgage origination decreased 23.8% to $152.6 million. Total deposits increased 9.6% to $1.11 billion. Nonperforming assets dropped 23.1% from the prior year. The company continues to show resilience despite challenges in mortgage banking.

SB Financial Group (NASDAQ: SBFG) will release its third quarter 2021 financial results on October 28, 2021, post-market. A conference call is scheduled for October 29 at 11:00 a.m. EDT, which can be accessed via phone at 1-888-338-9469 or through a live webcast at ir.yourstatebank.com. The company, based in Defiance, Ohio, offers diversified financial services including banking, mortgage lending, and wealth management.

SB Financial Group (NASDAQ: SBFG) appointed Timothy L. Claxton as an independent Director effective immediately. Claxton brings over 32 years of experience in financial law, focusing on real estate, banking, and estate planning. He has served on various community boards and holds significant leadership roles. This appointment aims to enhance the company's governance as it continues to provide diversified financial services. Claxton's term will last until the 2023 annual meeting of shareholders.

SB Financial Group reported a net income of $3.8 million for Q2 2021, reflecting a 10.6% increase in diluted EPS at $0.52. Adjusted net income was $3.84 million excluding OMSR impairment. However, mortgage origination volume dropped by 26.3% to $164.9 million. For the first half of the year, net income surged 150% to $10.8 million, with a diluted EPS increase of 166.1%. Total deposits rose by 10.1% to $1.09 billion, while nonperforming assets decreased by 22.6%.

SB Financial Group, Inc. (NASDAQ: SBFG) will release its second-quarter 2021 financial results on July 26, 2021, after market close. A conference call will follow on July 27, 2021, at 11:00 a.m. EDT, accessible by dialing 1-888-338-9469 or via a live webcast. Headquartered in Defiance, Ohio, SBFG offers comprehensive financial services, including community banking and wealth management, across 23 offices in Ohio and Indiana, along with title insurance through Peak Title. Investors can expect key financial updates during the upcoming earnings release.

SB Financial Group (NASDAQ: SBFG) announced a share repurchase program authorized by its board of directors, allowing the company to buy back up to 750,000 common shares, approximately 10% of its total shares. This program will run until May 31, 2022, and aims to enhance shareholder value by repurchasing shares through market transactions at management's discretion, depending on market conditions. The repurchased shares will be held as treasury shares for general corporate purposes.

SB Financial Group, Inc. (NASDAQ: SBFG) has successfully completed a private placement of $20 million in fixed-to-floating rate subordinated notes due 2031. The notes will have a fixed interest rate of 3.65% for the first five years, resetting thereafter to the three-month SOFR rate plus 296 basis points. Proceeds will be used for general corporate purposes, enhancing growth potential, supporting acquisitions, and strengthening capital. The issuance qualifies as Tier 2 capital for SB Financial and Tier 1 for its subsidiary, The State Bank and Trust Company.