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.
SB Financial Group (NASDAQ: SBFG) reported significant fourth-quarter and annual earnings for 2020. Net income reached $5.4 million, a 59.6% increase, resulting in diluted EPS of $0.71, up 69.0%. Adjusted net income rose to $5.8 million, lifting adjusted EPS to $0.77. Mortgage origination volumes increased by 22.9% to $169 million. For the year, net income was $14.9 million, and diluted EPS was $1.96, representing a 30% increase from 2019. Notably, total assets grew to $1.26 billion, a 21.1% increase driven by acquisitions and PPP activity.
SB Financial Group (NASDAQ: SBFG), a community banking entity, will unveil its fourth-quarter and full-year 2020 financial results on January 28, 2021, post-market. A conference call is scheduled for January 29, 2021, at 11:00 a.m. EST. Stakeholders can join via phone or access a live webcast on their website. Headquartered in Defiance, Ohio, the firm operates 22 offices and provides a range of financial services, including wealth management and mortgage banking. It was ranked #125 among community banks by the American Banker Magazine in May 2020.
SB Financial Group (NASDAQ: SBFG) reported a significant 39.6% increase in net income for Q3 2020, reaching $5.3 million, with diluted EPS rising 43.8% to $0.69. Adjusted net income stands at $5.0 million after accounting for $0.3 million in OMSR impacts. Mortgage origination volume surged 26.7% to $200.2 million. For the nine months ended September 30, net income was $9.6 million, with diluted EPS at $1.25. Total assets grew 16.8% to $1.22 billion, and total deposits increased 19.6% to $1.01 billion, driven by PPP loans and the Edon acquisition.
SB Financial Group, Inc. (NASDAQ: SBFG) is set to announce its third-quarter 2020 financial results on October 29, 2020, after market close. A conference call and webcast will follow on October 30 at 11:00 a.m. EDT. Interested participants can join the call at 1-888-338-9469 or via the company website. As a diversified financial services holding company, SB Financial offers community banking, mortgage banking, and wealth management through its various offices in Ohio, Indiana, and Michigan.
SB Financial Group reported strong earnings for Q2 2020, achieving net income of $3.7 million and diluted EPS of $0.47, a 39.1% increase from last year. Adjusted net income increased 73.2% to $5.5 million, with adjusted EPS rising 78% to $0.71. Mortgage origination volume surged 127.2% year-over-year to $223.7 million, reflecting increased demand. However, the company faced a $1.1 million OMSR impairment and merger costs of $1.2 million. Nonperforming assets rose to $7.7 million, an 18.7% increase from the previous quarter.
SB Financial Group, Inc. (NASDAQ: SBFG) has announced its schedule for the release of second-quarter 2020 financial results, set for July 27, 2020, after market close. A conference call to discuss these results will take place on July 28, 2020, at 11:00 a.m. EDT. Interested parties can join the call by dialing 1-888-338-9469 or via the live webcast available at ir.yourstatebank.com.
SB Financial is headquartered in Defiance, Ohio, and operates a range of financial services, being recognized as one of the top community banks in America.
SB Financial Group, Inc. (NASDAQ: SBFG) announced its inclusion in the Russell 2000 and Russell 3000 indexes, effective June 29, 2020, as part of the annual reconstitution. This recognition marks a significant achievement for the company, enhancing its visibility and liquidity within the investment community. The Russell indexes assess the largest U.S. stocks based on market capitalization, with the Russell 3000 including the top 3,000 stocks. The addition is expected to create sustained value for shareholders and indicates the company's performance trajectory.