SB Financial Group Announces Fourth Quarter 2025 Results

Q: What were SBFG's fourth-quarter 2025 earnings and EPS results?

SBFG reported GAAP net income of $3.9M and diluted EPS of $0.63 for Q4 2025. According to the company, adjusted DEPS was $0.65 , reflecting loan-driven margin improvement and the Marblehead acquisition's contribution.

Q: How much did SBFG's loan portfolio grow in Q4 2025 and for the year (SBFG)?

Total loans increased by $133.9M (12.8%) year‑over‑year and by $70.0M from the prior quarter. According to the company, organic loan growth excluding Marblehead was $115.7M year‑over‑year.

Q: What drove SBFG's margin and net interest income improvement in Q4 2025 (SBFG)?

Net interest income rose to $12.7M (+16.7%), driven by higher loan yields and loan growth. According to the company, stable funding costs and balance sheet mix also contributed to a 16 basis‑point NIM increase.

Q: How did SBFG's capital and shareholder metrics change after Q4 2025 results (SBFG)?

Tangible book value per share rose to $18.00 (up $2.00), and shareholders' equity increased by $13.7M year‑over‑year. According to the company, quarterly share repurchases continued (~32,000 shares) while maintaining capital flexibility.

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

SB Financial Group (NASDAQ: SBFG) reported fourth-quarter 2025 GAAP net income of $3.9M and diluted EPS of $0.63, up 7.8% and 14.5% year‑over‑year, respectively. Net interest income rose to $12.7M (+16.7%). Loans grew $133.9M (12.8%) and deposits increased $154.6M (13.4%).

Full‑year net income was $14.0M (+21.8%) and FY net interest income was $48.5M (+21.4%). Tangible book value per share reached $18.00 (+12.5%). Noninterest income declined 18.6%, while asset quality remained strong with nonperforming assets at 0.30% of assets.

Positive

Net interest income +16.7% to $12.7M in Q4 2025
Total loans +12.8% year-over-year ($133.9M)
Total deposits +13.4% year-over-year ($154.6M)
Full-year net income +21.8% to $14.0M
Tangible book value per share +12.5% to $18.00
Efficiency ratio improved to 68.1% from 80.0% prior year

Negative

Noninterest income down 18.6% in Q4 2025 (-$849k)
Provision for credit losses rose to $198k in Q4 from a benefit of $76k prior year
OMSR valuation adjustment was negative $157k in Q4 versus a $288k recapture prior year
Nonperforming assets remain small but unchanged pressure on fee income mix

Key Figures

Q4 2025 GAAP net income: $3.9M Q4 2025 diluted EPS: $0.63 Net interest income: $12.7M +5 more

8 metrics

Q4 2025 GAAP net income $3.9M Fourth quarter 2025 vs $3.6M prior-year quarter

Q4 2025 diluted EPS $0.63 Fourth quarter 2025 vs $0.55 prior-year quarter

Net interest income $12.7M Q4 2025, up 16.7% from $10.9M prior-year quarter

Loan growth $133.9M Increase in total loans, 12.8% year over year

Deposit growth $154.6M Increase in total deposits, 13.4% year over year

Tangible book value/share $18.00 Q4 2025, up $2.00 or 12.5% from prior-year quarter

Net income 2025 $14.0M Full year 2025 vs $11.5M prior year, up 21.8%

Net interest margin 3.5% Q4 2025, up 16 basis points year over year

Market Reality Check

Price: $22.83 Vol: Volume 4,538 is about 0.4...

low vol

$22.83 Last Close

Volume Volume 4,538 is about 0.49x the 20-day average of 9,293, indicating muted trading interest pre-announcement. low

Technical Price at $21.74 is trading above the $20.18 200-day moving average, reflecting a pre-news uptrend bias.

Peers on Argus

SBFG was down 1.63% with several regional bank peers also negative: EBMT -2.07%,...

SBFG was down 1.63% with several regional bank peers also negative: EBMT -2.07%, FNWD -3.48%, BSBK -0.81%, RMBI -1.31%, while FGBI gained 0.72%, suggesting a largely sector-driven tilt with some idiosyncratic divergence.

Previous Earnings Reports

5 past events · Latest: Oct 30 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Oct 30	Q3 2025 earnings	Positive	+3.8%	Strong Q3 2025 growth in earnings, NII, loans, deposits and solid asset quality.
Jul 24	Q2 2025 earnings	Positive	-0.3%	Robust Q2 2025 net income, NII, loan and deposit growth with solid credit.
May 01	Q1 2025 earnings	Positive	+0.0%	Q1 2025 adjusted net income growth and Marblehead acquisition-driven expansion.
Jan 23	Q4 2024 earnings	Neutral	+2.2%	Q4 2024 earnings with softer net income but higher interest income and growth.
Oct 24	Q3 2024 earnings	Negative	-6.2%	Q3 2024 earnings where net income fell despite higher NII and balance growth.

Pattern Detected

Earnings releases have generally driven modest positive moves, with one notable negative reaction despite strong results.

Recent Company History

Across the last five earnings releases from Oct 2024 through Oct 2025, SB Financial reported consistent loan and deposit growth, rising net interest income, and strengthening tangible book value. Asset quality metrics, including nonperforming assets and allowance coverage, remained solid. The Marblehead acquisition repeatedly featured as a contributor to balance sheet expansion. Today’s Q4 2025 and full-year 2025 results extend themes of higher net income, EPS growth, and disciplined credit performance versus prior periods.

Historical Comparison

earnings

+2.5 %

Average Historical Move

Historical Analysis

In the past five earnings releases, SBFG’s average move was about ±2.51%. Today’s pre-news move of -1.63% sits within that historical range, suggesting a typical-sized reaction versus prior earnings volatility.

Typical Pattern

Earnings updates from late 2024 through 2025 show a progression from pressured net income in 2024 to stronger 2025 results, with expanding net interest income, recurring loan and deposit growth, and the Marblehead acquisition supporting balance sheet and liquidity trends.

Market Pulse Summary

This announcement highlights solid Q4 2025 and full-year 2025 performance, including GAAP net income...

Analysis

This announcement highlights solid Q4 2025 and full-year 2025 performance, including GAAP net income of $3.9M for the quarter and $14.0M for the year, stronger net interest income, and loan and deposit growth. Asset quality remained favorable with nonperforming assets at 0.30% of total assets and a 1.36% allowance for credit losses. Historically, SBFG’s earnings updates have produced moderate stock reactions, making ongoing trends in margin, credit quality, and balance sheet growth key metrics to watch.

Key Terms

originated mortgage servicing rights, tangible book value, net interest margin, loan-to-deposit ratio, +4 more

8 terms

originated mortgage servicing rights financial

"Net Income, adjusted for Originated Mortgage Servicing Rights (“OMSR”), was $4.0 million..."

A set of contractual rights a lender keeps when it makes a mortgage, letting it collect monthly payments, handle taxes and insurance escrows, and manage defaults on that loan in exchange for a regular servicing fee. Think of it like being the property manager for a rental: you oversee the payments and upkeep and earn steady income, but you also bear risks from early repayments, interest-rate changes, or borrower defaults, which affect cash flow and valuation for investors.

tangible book value financial

"Tangible book value (“TBV”) per share ended the quarter at $18.00..."

Tangible book value is the accounting measure of a company’s net worth after removing intangible items like goodwill, patents and trademarks, leaving only physical and financial assets minus liabilities. For investors it offers a clearer view of the company’s hard-asset backing per share—like estimating the cash you could get by selling the furniture, machinery and cash in a house—helping gauge downside risk and whether a stock may be cheaply valued.

net interest margin financial

"As a result, net interest margin increased 16 basis points year over year to 3.5 percent."

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

loan-to-deposit ratio financial

"Key metrics this quarter included our loan-to-deposit ratio of 90.3 percent..."

Loan-to-deposit ratio measures how much a bank has lent out compared with the money customers have deposited, expressed as a percentage. Think of it like the share of a household’s savings that has been loaned to others: a higher ratio can boost earnings but reduce cash on hand and increase risk, while a lower ratio means more liquidity but potentially lower returns—key for investors assessing a bank’s balance of profit and safety.

allowance for credit losses financial

"The allowance for credit losses remained strong at 1.36 percent of total loans..."

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

nonperforming assets financial

"Nonperforming assets totaled $4.7 million, representing 0.30 percent of total assets..."

Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.

net loan charge-offs financial

"Net loan charge-offs to average loans remained modest at four basis points..."

The amount banks and lenders remove from their balance sheets when loans are deemed uncollectible, after subtracting any later recoveries from previously written-off loans. It measures the net loss from borrowers who fail to repay their debts during a reporting period. Investors use it to judge a lender’s credit quality and potential future profits; rising net charge-offs are like a store repeatedly finding unpaid tabs it can’t collect, shrinking earnings and capital cushions.

mortgage servicing rights financial

"Mortgage servicing rights | | 15,254 | | 15,347 | | 15,458..."

Mortgage servicing rights are the contractual right to collect mortgage payments, manage escrow accounts, handle customer service and delinquency actions on a pool of home loans, in exchange for a portion of the loan’s payments. They matter to investors because their value behaves like a revenue stream that can rise or fall with interest rates and borrower behavior — similar to owning a toll bridge where income depends on traffic volume and maintenance costs — and thus affect a lender’s earnings and risk profile.

AI-generated analysis. Not financial advice.

01/29/2026 - 04:15 PM

DEFIANCE, Ohio, Jan. 29, 2026 (GLOBE NEWSWIRE) -- SB Financial Group, Inc. (NASDAQ: SBFG) (“SB Financial” or the “Company”), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services today reported earnings for the full year ended December 31, 2025.

Fourth Quarter 2025 Highlights compared to the fourth quarter of the prior year include:

GAAP net income and Diluted Earnings per Share (“DEPS”) were $3.9 million, or $0.63 per DEPS, an improvement from the $3.6 million, or $0.55 per DEPS in the prior-year quarter. Net Income, adjusted for Originated Mortgage Servicing Rights (“OMSR”), was $4.0 million, up 18.6 percent compared to $3.4 million for the prior-year period. Adjusted DEPS of $0.65 was also up 25.0 percent, from the adjusted prior year.
Net interest income of $12.7 million increased by 16.7 percent from $10.9 million reported in the prior-year quarter.
Loan growth of $133.9 million, or 12.8 percent from the prior-year quarter, with growth from the linked quarter of $70.0 million, or 6.3 percent. This marks the seventh consecutive quarter of sequential loan growth. Loan growth adjusted for the Marblehead acquisition was $115.7 and $70.0 million, from the prior year and linked quarters, respectively.
Deposit growth of $154.6 million, or 13.4 percent from the prior-year quarter, with an increase from the linked quarter of $44.7 million, or 3.5 percent. Adjusted for the Marblehead acquisition, total deposits increased $107.5 million from the prior year, or a 9.3 percent increase.
Tangible book value (“TBV”) per share ended the quarter at $18.00 up $2.00 per share or 12.5 percent from the prior-year quarter. Adjusted TBV now rests at $21.44 per share.

Twelve months ended December 31, 2025 Highlights compared to the same period of the prior year:

Net interest income rose to $48.5 million, representing a year-over-year improvement of 21.4 percent from $39.9 million for the twelve months ending December 31, 2024.
Total interest expense increased to $25.5 million, up by 4.3 percent from $24.4 million in the prior year period.
Net income increased to $14.0 million for the twelve months ending December 31, 2025, representing an improvement of 21.8% from $11.5 million in the prior year.

Earnings Highlights	Three Months Ended								Twelve Months Ended
($ in thousands, except per share & ratios)	Dec. 2025			Dec. 2024			% Change		Dec. 2025			Dec. 2024			% Change
Operating revenue	$	16,420		$	15,454		6.3	%	$	65,560		$	56,939		15.1	%
Interest income		19,272			16,847		14.4	%		73,920			64,349		14.9	%
Interest expense		6,560			5,950		10.3	%		25,467			24,427		4.3	%
Net interest income		12,712			10,897		16.7	%		48,453			39,922		21.4	%
Provision for credit losses		198			(76	)	360.5	%		1,306			124		953.2	%
Noninterest income		3,708			4,557		-18.6	%		17,107			17,017		0.5	%
Noninterest expense		11,239			11,003		2.1	%		46,999			42,959		9.4	%
Net income		3,918			3,635		7.8	%		13,974			11,470		21.8	%
Adjusted Earnings per diluted share		0.65			0.52		25.0	%		2.31			1.71		35.1	%
Earnings per diluted share		0.63			0.55		14.5	%		2.19			1.72		27.3	%
Adjusted Return on Avg. Assets		1.02	%		1.02	%	0.0	%		0.98	%		0.84	%	16.7	%
Return on average assets		1.01	%		1.04	%	-2.9	%		0.93	%		0.84	%	10.7	%
Adjusted Return on Avg. Equity		11.43	%		10.38	%	10.1	%		10.98	%		9.16	%	19.9	%
Return on average equity		11.08	%		11.07	%	0.1	%		10.38	%		9.19	%	12.9	%

“Net income for the fourth quarter was $3.9 million, a 7.8 percent increase from the prior-year quarter, with the GAAP DEPS of $0.63 up 14.5 percent from the prior year,” said Mark A. Klein, Chairman, President, and CEO. This marks 60 consecutive quarters of profitability, which also included the third full quarter of contribution from the Marblehead acquisition, which continues to strengthen our liquidity profile and further extended our market presence in Northern Ohio.

Net interest income for the quarter grew by $1.8 million to $12.7 million compared to the previous year, driven by strong loan growth, rising loan yields, and more stable funding costs. Total loans increased by $133.9 million, compared to the prior year, and by $70.0 million from the linked quarter. On an organic basis, excluding the Marblehead acquisition, loan balances increased $115.7 million from the prior year. Deposits increased $154.6 million, or 13.4 percent, to $1.31 billion, driven by stable core deposit relationships. Excluding acquired deposits, organic growth totaled $107.5 million, demonstrating the Bank’s ability to sustain long-standing client relationships while continuing to source additional deposit balances.”

RESULTS OF OPERATIONS

In the fourth quarter of 2025, total operating revenue increased to $16.4 million, a 6.3 percent increase from $15.5 million in the prior year and a 1.0 percent decrease from the linked quarter. The year-over-year increase was driven by higher net interest income and incremental expansion in core non-interest income. Net interest income totaled $12.7 million for the quarter, representing a 16.7 percent increase from the prior year, driven by higher interest income on loans, which increased $2.3 million to $17.3 million. Interest expense rose modestly, with higher deposit costs offset in part by lower costs across other funding sources, resulting in a 10.3 percent increase in total interest expense compared to the prior-year quarter. As a result, net interest margin increased 16 basis points year over year to 3.5 percent. Noninterest income declined 18.6 percent from the prior year period to $3.7 million, primarily driven by lower wealth management fees, mortgage loan servicing fees, and other fee-based income. These declines were partially offset by higher customer service fees, gains on the sale of mortgage and non-mortgage loans and increased title insurance revenue. “Our results this quarter reflect continued balance sheet discipline, with funding cost management supporting margin expansion, while noninterest income was impacted by lower activity in certain fee-based businesses,” said Mr. Klein. “We remain focused on maintaining a diversified revenue mix and executing on long-term growth priorities.”

Mortgage Loan Business

Net mortgage banking revenue for the quarter reached $1.5 million, down $541,000 from the prior-year quarter. Loan servicing fees added $928,000 to revenue, reflecting an increase of $42,000 from the prior-year quarter. The OMSR net valuation adjustment for the fourth quarter of 2025 was a negative $157,000 compared to a recapture of $288,000 in the fourth quarter of 2024.

Mortgage Banking
($ in thousands)	Dec. 2025			Sep. 2025			Jun. 2025			Mar. 2025			Dec. 2024			Prior Year Growth
Mortgage originations	$	72,398		$	67,609		$	97,901		$	39,775		$	72,534		$	(136	)
Mortgage sales		70,361			66,408			74,313			39,279			62,301			8,060
Mortgage servicing portfolio		1,479,982			1,470,360			1,456,374			1,432,184			1,427,318			52,664
Mortgage servicing rights		15,254			15,347			15,458			14,965			14,868			386


Revenue
Loan servicing fees		928			914			904			894			886			42
OMSR amortization		(572	)		(455	)		(469	)		(294	)		(358	)		(214	)
Net administrative fees		356			459			435			600			528			(172	)
OMSR valuation adjustment		(157	)		(301	)		159			11			288			(445	)
Net loan servicing fees		199			158			594			611			816			(617	)
Gain on sale of mortgages		1,272			1,328			1,566			849			1,196			76
Mortgage banking revenue, net	$	1,471		$	1,486		$	2,160		$	1,460		$	2,012		$	(541	)

Noninterest Income and Noninterest Expense

"Noninterest income for the fourth quarter of 2025 totaled $3.7 million, a decrease of $849,000 or 18.6 percent from the prior-year quarter, driven primarily by a decline in mortgage loan servicing fees and other fee-based income. Despite the year over year decline, noninterest revenue base remains well diversified, with gains on the sale of mortgage loans increasing $76,000 and customer servicing fees increasing $50,000, helping to partially offset lower fee activity,” Mr. Klein noted.

Noninterest Income/Noninterest Expense
($ in thousands, except ratios)	Dec. 2025			Sep. 2025			Jun. 2025			Mar. 2025			Dec. 2024			Prior Year Growth
Noninterest Income (NII)	$	3,708		$	4,244		$	5,048		$	4,107		$	4,557		$	(849	)
NII / Total Revenue		22.6	%		25.6	%		29.4	%		26.7	%		29.5	%		-6.9	%
NII / Average Assets		1.0	%		1.1	%		1.4	%		1.1	%		1.3	%		-0.3	%
Total Revenue Growth		6.3	%		15.9	%		22.3	%		17.2	%		2.2	%		4.1	%

Noninterest Expense (NIE)	$	11,239		$	11,498		$	11,852		$	12,410		$	11,003		$	236
Efficiency Ratio		68.1	%		69.0	%		68.9	%		80.0	%		71.1	%		-3.0	%
NIE / Average Assets		2.9	%		3.0	%		3.2	%		3.4	%		3.2	%		-0.3	%
Net Noninterest Expense/Avg. Assets		-1.9	%		-1.9	%		-1.8	%		-2.3	%		-1.8	%		-0.1	%
Total Expense Growth		2.1	%		4.5	%		11.1	%		20.7	%		6.1	%		-4.0	%

Noninterest expense for the fourth quarter of 2025 totaled $11.2 million, an increase of 2.1 percent from the prior-year period, driven primarily by higher net occupancy costs, state and local taxes, and other noninterest expenses. These increases were partially offset by lower salary and benefit expenses, as well as reduction in professional fees and marketing costs. “Our efficiency ratio for the fourth quarter of 2025 was 68.1 percent, reflecting continued discipline in expense management as we balanced targeted investments with revenue performance,” stated Mr. Klein.

Balance Sheet

As of December 31, 2025, SB Financial reported total assets of $1.55 billion, an increase from the linked quarter and the previous year. Year-over-year growth was primarily driven by strong growth in the loan portfolio, which reached $1.18 billion, marking a $133.9 million or 12.8 percent increase year over year. Loan growth also included $18.2 million in loans added with the completion of the Marblehead acquisition. Cash increased by $45.6 million from the prior year, from investment portfolio runoff and deposit growth. Key metrics this quarter included our loan-to-deposit ratio of 90.3 percent and our loan to asset ratio of 76 percent, both of which remain within the upper range of the Company’s target levels.

Total deposits increased to $1.31 billion, growing $154.6 million, or 13.4 percent, year over year, including $47.1 million in low-cost deposits from the acquisition and $107.5 million of organic deposit growth. Organic growth was supported by continued deposit gathering activity and customer engagement across SB Financial’s markets. Shareholders’ equity totaled $141.2 million at quarter end, representing an increase of $13.7 million from the prior year, or an increase of $3.01 per share, reflecting earnings retention and disciplined balance sheet management.

During the fourth quarter, SB Financial repurchased approximately 32,000 shares, a decrease from the prior quarter, reflecting management’s disciplined capital deployment and its assessment of market conditions and capital priorities during the period. The Company remains focused on a balanced approach to capital management, prioritizing shareholder returns through dividends and share repurchases, while maintaining flexibility to support organic growth, strategic opportunities, and capital strength.

“As we move into the first quarter of 2026, the Company remains well positioned, supported by a strong balance sheet, solid asset quality and disciplined approach to capital management,” said Mr. Klein. “Loan balances continued to grow over the past year, driven by steady client activity and consistent execution across our markets, while credit performance and reserve coverage remained sound. While we navigated variability across certain revenue categories during the quarter, our diversified business model and funding profile continue to provide stability. Looking ahead, we remain focused on prudent organic growth, disciplined expense management, and thoughtful capital deployment to support sustainable performance and long-term shareholder value.

Loan Balances
($ in thousands, except ratios)	Dec. 2025			Sep. 2025			Jun. 2025			Mar. 2025			Dec. 2024			Annual Growth
Commercial	$	113,878		$	117,581		$	118,984		$	125,878		$	124,764		$	(10,886	)
% of Total		9.6	%		10.6	%		10.9	%		11.6	%		11.9	%		-8.7	%
Commercial RE		596,983			535,307			525,671			509,518			479,573			117,410
% of Total		50.6	%		48.2	%		48.0	%		46.8	%		45.8	%		24.5	%
Agriculture		76,514			65,150			60,924			61,443			64,680			11,834
% of Total		6.5	%		5.9	%		5.6	%		5.6	%		6.2	%		18.3	%
Residential RE		304,741			309,140			310,126			319,307			308,378			(3,637	)
% of Total		25.8	%		27.8	%		28.3	%		29.3	%		29.5	%		-1.2	%
Consumer & Other		88,475			83,367			79,014			72,128			69,340			19,135
% of Total		7.5	%		7.5	%		7.2	%		6.6	%		6.6	%		27.6	%
Total Loans	$	1,180,591		$	1,110,545		$	1,094,719		$	1,088,274		$	1,046,735		$	133,856
Total Growth Percentage																	12.8	%


Deposit Balances
($ in thousands, except ratios)	Dec. 2025			Sep. 2025			Jun. 2025			Mar. 2025			Dec. 2024			Annual Growth
Non-Int DDA	$	254,063		$	246,725		$	241,245		$	240,446		$	232,155		$	21,908
% of Total		19.4	%		19.5	%		19.3	%		18.9	%		20.1	%		9.4	%
Interest DDA		202,501			194,420			205,581			208,583			201,085			1,416
% of Total		15.5	%		15.4	%		16.4	%		16.4	%		17.4	%		0.7	%
Savings		296,484			290,111			282,311			285,902			237,987			58,497
% of Total		22.7	%		23.0	%		22.6	%		22.5	%		20.6	%		24.6	%
Money Market		280,896			261,953			249,536			257,013			222,161			58,735
% of Total		21.5	%		20.7	%		20.0	%		20.2	%		19.3	%		26.4	%
Time Deposits		273,300			269,313			271,149			279,276			259,217			14,083
% of Total		20.9	%		21.3	%		21.7	%		22.0	%		22.5	%		5.4	%
Total Deposits	$	1,307,244		$	1,262,522		$	1,249,822		$	1,271,220		$	1,152,605		$	154,639
Total Growth Percentage																	13.4	%

Asset Quality

As of December 31, 2025, SB Financial continued to report strong asset quality metrics. Nonperforming assets totaled $4.7 million, representing 0.30 percent of total assets, a decrease of $833,000 from $5.5 million or 0.40 percent of total assets, in the prior year, and a modest decline from the linked quarter, which reported nonperforming assets of $4.9 million or 0.32 percent of total assets.

The allowance for credit losses remained strong at 1.36 percent of total loans, providing coverage of 351.9 percent of nonperforming loans. This level was consistent with the linked quarter and represented a meaningful improvement compared to the prior year period, consistent with the Company’s disciplined credit risk framework. Net loan charge-offs to average loans remained modest at four basis points, increasing slightly from zero basis points in the linked quarter and improving from seven basis points in the prior year. Collectively, these metrics reflect SB Financial’s continued emphasis on disciplined underwriting and effective credit administration.

“Our credit results this quarter reflect continued stability across the loan portfolio and further progress in managing problem assets,” said Mr. Klein “Nonperforming assets declined from the prior quarter as we maintained disciplined credit standards, while reserve coverage and charge-off levels remained consistent with our risk appetite. We will continue to emphasize disciplined underwriting and proactive credit management as we support measured growth across our markets.”


Nonperforming Assets																Annual Change
($ in thousands, except ratios)	Dec. 2025			Sep. 2025			Jun. 2025			Mar. 2025			Dec. 2024			Annual Change
Commercial & Agriculture	$	2,256		$	2,243		$	3,274		$	3,418		$	2,927		$	(671	)
% of Total Com./Ag. loans		1.18	%		1.23	%		1.82	%		1.82	%		1.55	%		-22.9	%
Commercial RE		771			778			816			798			807			(36	)
% of Total CRE loans		0.13	%		0.15	%		0.16	%		0.16	%		0.17	%		-4.5	%
Residential RE		1,322			1,400			1,577			1,608			1,539			(217	)
% of Total Res. RE loans		0.43	%		0.45	%		0.51	%		0.50	%		0.50	%		-14.1	%
Consumer & Other		230			195			205			227			243			(13	)
% of Total Con./Oth. loans		0.26	%		0.23	%		0.26	%		0.31	%		0.35	%		-5.3	%
Total Nonaccruing Loans		4,579			4,616			5,872			6,051			5,516			(937	)
% of Total loans		0.39	%		0.42	%		0.54	%		0.56	%		0.53	%		-17.0	%
Foreclosed Assets and Other Assets		104			237			284			73			-			104
Total Change (%)																N/M
Total Nonperforming Assets	$	4,683		$	4,853		$	6,156		$	6,124		$	5,516		$	(833	)
% of Total assets		0.30	%		0.32	%		0.41	%		0.41	%		0.40	%		-15.10	%

Webcast and Conference Call

The Company will hold the fourth quarter 2025 earnings conference call and webcast on January 30, 2026, at 11:00 a.m. EST. Interested parties may access the conference call by dialing 1-888-338-9469. The webcast can be accessed at ir.yourstatebank.com. An audio replay of the call will be available on the Company’s website.

About SB Financial Group

Headquartered in Defiance, Ohio, SB Financial is a diversified financial services holding company for the State Bank & Trust Company (State Bank) and SBFG Title, LLC dba Peak Title (Peak Title). State Bank provides a full range of financial services for consumers and small businesses, including wealth management, private client services, mortgage banking and commercial and agricultural lending, operating through a total of 27 offices: 25 in eleven Ohio counties and two in Northeast Indiana, and 27 ATMs. State Bank has four loan production offices located throughout the Tri-State region of Ohio, Indiana and Michigan. Peak Title provides title insurance and title opinions throughout the Tri-State and Kentucky. SB Financial’s common stock is listed on the NASDAQ Capital Market with the ticker symbol “SBFG”.

Forward-Looking Statements

Certain statements within this document, which are not statements of historical fact, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, and actual results may differ materially from those predicted by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties inherent in the national and regional banking industry, changes in economic conditions in the market areas in which SB Financial and its subsidiaries operate, changes in policies by regulatory agencies, changes in accounting standards and policies, changes in tax laws, fluctuations in interest rates, demand for loans in the market areas in SB Financial and its subsidiaries operate, increases in FDIC insurance premiums, changes in the competitive environment, losses of significant customers, geopolitical events, the loss of key personnel and other risks identified in SB Financial’s Annual Report on Form 10-K and documents subsequently filed by SB Financial with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made, and SB Financial undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made, except as required by law. All subsequent written and oral forward-looking statements attributable to SB Financial or any person acting on its behalf are qualified by these cautionary statements.

Non-GAAP Financial Measures

This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles (“GAAP”). Non-GAAP financial measures, specifically pre-tax, pre-provision income, tangible common equity, tangible assets, tangible book value per common share, tangible common equity to tangible assets, return on average tangible common equity, total interest income – FTE, net interest income – FTE and net interest margin – FTE are used by the Company’s management to measure the strength of its capital and analyze profitability, including its ability to generate earnings on tangible capital invested by its shareholders. In addition, the Company excludes the OMSR valuation adjustment and any gain on sale of assets from net income to report a non-GAAP adjusted net income level. Although management believes these non-GAAP measures are useful to investors by providing a greater understanding of its business, they should not be considered a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Investor Contact Information:
	Mark A. Klein
	Chairman, President and
	Chief Executive Officer
	Mark.Klein@YourStateBank.com

	Anthony V. Cosentino
	Executive Vice President and
	Chief Financial Officer
	Tony.Cosentino@YourStateBank.com

SB FINANCIAL GROUP, INC.
CONSOLIDATED BALANCE SHEETS - (Unaudited)

	December			September			June			March			December
($ in thousands)		2025			2025			2025			2025			2024


Cash and due from banks	$	71,543		$	85,025		$	79,463		$	105,145		$	25,928
Interest bearing time deposits		1,140			2,025			1,565			1,565			1,565
Available-for-sale securities		188,626			193,190			195,955			199,721			201,587
Loans held for sale		1,761			4,736			12,774			4,286			6,770
Loans, net of unearned income		1,180,591			1,110,545			1,094,719			1,088,274			1,046,735
Allowance for credit losses		(16,114	)		(15,943	)		(15,645	)		(15,391	)		(15,096	)
Premises and equipment, net		21,688			21,764			21,857			21,875			20,456
Federal Reserve and FHLB Stock, at cost		5,610			5,466			5,466			5,340			5,223
Foreclosed assets		104			237			284			73			-
Interest receivable		5,490			5,455			5,299			5,072			4,908
Goodwill		27,158			27,158			27,158			27,158			23,239
Cash value of life insurance		32,208			32,004			31,060			30,871			30,685
Mortgage servicing rights		15,254			15,347			15,458			14,965			14,868
Other assets		10,308			9,254			10,888			12,048			12,649

Total assets	$	1,545,367		$	1,496,263		$	1,486,301		$	1,501,002		$	1,379,517



LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits
Non interest bearing demand	$	254,063		$	246,725		$	241,245		$	240,446		$	232,155
Interest bearing demand		202,501			194,420			205,581			208,583			201,085
Savings		296,484			290,111			282,311			285,902			237,987
Money market		280,896			261,953			249,536			257,013			222,161
Time deposits		273,300			269,313			271,149			279,276			259,217

Total deposits		1,307,244			1,262,522			1,249,822			1,271,220			1,152,605

Short-term borrowings		9,230			10,976			15,640			11,058			10,585
Federal Home Loan Bank advances		35,000			35,000			35,000			35,000			35,000
Trust preferred securities		10,310			10,310			10,310			10,310			10,310
Subordinated debt net of issuance costs		19,739			19,726			19,715			19,702			19,690
Interest payable		2,460			2,739			2,258			2,634			2,351
Other liabilities		20,148			18,051			19,908			19,552			21,468

Total liabilities		1,404,131			1,359,324			1,352,653			1,369,476			1,252,009

Shareholders' Equity
Common stock		61,319			61,319			61,319			61,319			61,319
Additional paid-in capital		15,160			15,086			15,139			14,955			15,194
Retained earnings		126,311			123,370			120,273			117,397			116,186
Accumulated other comprehensive loss		(21,481	)		(23,412	)		(25,492	)		(26,872	)		(30,234	)
Treasury stock		(40,073	)		(39,424	)		(37,591	)		(35,273	)		(34,957	)

Total shareholders' equity		141,236			136,939			133,648			131,526			127,508

Total liabilities and shareholders' equity	$	1,545,367		$	1,496,263		$	1,486,301		$	1,501,002		$	1,379,517

SB FINANCIAL GROUP, INC.
CONSOLIDATED STATEMENTS OF INCOME - (Unaudited)

($ in thousands, except per share & ratios)	At and for the Three Months Ended												Twelve Months Ended

	December			September		June		March		December			December		December
Interest income		2025			2025		2025		2025		2024			2025		2024
Loans
Taxable	$	17,234		$	16,449	$	16,059	$	15,244	$	14,920		$	64,986	$	56,863
Tax exempt		107			117		116		115		122			455		496
Securities
Taxable		1,096			1,097		1,133		1,169		1,178			4,495		4,870
Tax exempt		36			35		35		38		35			144		146
Other interest income		799			1,111		1,124		806		592			3,840		1,974
Total interest income		19,272			18,809		18,467		17,372		16,847			73,920		64,349

Interest expense
Deposits		5,820			5,721		5,597		5,352		5,169			22,490		21,035
Repurchase agreements & other		22			28		21		24		41			95		154
Federal Home Loan Bank advances		370			369		366		362		369			1,467		1,721
Trust preferred securities		154			162		161		160		177			637		739
Subordinated debt		194			195		194		195		194			778		778
Total interest expense		6,560			6,475		6,339		6,093		5,950			25,467		24,427

Net interest income		12,712			12,334		12,128		11,279		10,897			48,453		39,922

Provision for credit losses		198			124		597		387		(76	)		1,306		124

Net interest income after provision
for credit losses		12,514			12,210		11,531		10,892		10,973			47,147		39,798

Noninterest income
Wealth management fees		900			912		859		864		916			3,535		3,511
Customer service fees		892			887		886		879		842			3,544		3,467
Gain on sale of mtg. loans & OMSR		1,272			1,328		1,566		849		1,196			5,015		4,565
Mortgage loan servicing fees, net		199			158		594		611		816			1,562		2,183
Gain on sale of non-mortgage loans		38			8		82		15		10			143		145
Title insurance revenue		525			544		582		397		478			2,048		1,635
Net gain on sales of securities		-			-		-		-		-			-		-
Gain (loss) on sale of assets		-			-		-		-		-			-		200
Other		(118	)		407		479		492		299			1,260		1,311
Total noninterest income		3,708			4,244		5,048		4,107		4,557			17,107		17,017

Noninterest expense
Salaries and employee benefits		6,047			6,198		6,595		6,237		6,185			25,077		23,603
Net occupancy expense		822			801		793		893		702			3,309		2,884
Equipment expense		1,154			1,188		1,121		1,072		1,127			4,535		4,333
Data processing fees		790			723		888		1,439		821			3,840		3,075
Professional fees		805			863		892		1,034		895			3,594		2,927
Marketing expense		122			174		190		165		207			651		821
Telephone and communication expense		124			123		125		139		136			511		525
Postage and delivery expense		140			157		107		137		116			541		447
State, local and other taxes		331			268		268		224		224			1,091		907
Employee expense		158			255		176		174		168			763		733
Other expenses		746			748		697		896		422			3,087		2,704
Total noninterest expense		11,239			11,498		11,852		12,410		11,003			46,999		42,959
Income before income tax expense		4,983			4,956		4,727		2,589		4,527			17,255		13,856
Income tax expense		1,065			910		875		431		892			3,281		2,386

Net income	$	3,918		$	4,046	$	3,852	$	2,158	$	3,635		$	13,974	$	11,470

Common share data:
Basic earnings per common share	$	0.63		$	0.64	$	0.60	$	0.33	$	0.55		$	2.19	$	1.72
Diluted earnings per common share	$	0.63		$	0.64	$	0.60	$	0.33	$	0.55		$	2.19	$	1.72

Average shares outstanding (in thousands):
Basic:		6,252			6,297		6,448		6,481		6,575			6,369		6,660
Diluted:		6,266			6,311		6,459		6,502		6,599			6,388		6,680

SB FINANCIAL GROUP, INC.
CONSOLIDATED FINANCIAL HIGHLIGHTS - (Unaudited)

($ in thousands, except per share & ratios)	At and for the Three Months Ended															Twelve Months Ended

	December			September			June			March			December			December			December
SUMMARY OF OPERATIONS		2025			2025			2025			2025			2024			2025			2024

Net interest income	$	12,712		$	12,334		$	12,128		$	11,279		$	10,897		$	48,453		$	39,922
Tax-equivalent adjustment		38			40			40			41			42			159			171
Tax-equivalent net interest income		12,750			12,374			12,168			11,320			10,939			48,612			40,093
Provision for credit loss		198			124			597			387			(76	)		1,306			124
Noninterest income		3,708			4,244			5,048			4,107			4,557			17,107			17,017
Total operating revenue		16,420			16,578			17,176			15,386			15,454			65,560			56,939
Noninterest expense		11,239			11,498			11,852			12,410			11,003			46,999			42,959
Pre-tax pre-provision income		5,181			5,080			5,324			2,976			4,451			18,561			13,980
Net income		3,918			4,046			3,852			2,158			3,635			13,974			11,470

PER SHARE INFORMATION:
Basic earnings per share (EPS)		0.63			0.64			0.60			0.33			0.55			2.19			1.72
Diluted earnings per share		0.63			0.64			0.60			0.33			0.55			2.19			1.72
Common dividends		0.155			0.150			0.150			0.145			0.145			0.600			0.560
Book value per common share		22.65			21.85			21.02			20.29			19.64			22.65			19.64
Tangible book value per common share (TBV)		18.00			17.21			16.44			15.79			16.00			18.00			16.00
Market price per common share		22.27			19.29			19.10			20.82			20.91			22.27			20.91
Market price to TBV		123.7	%		112.1	%		116.2	%		131.8	%		130.7	%		123.7	%		130.7	%
Market price to trailing 12 month EPS		10.1			9.1			10.4			12.2			12.1			10.1			12.1

PERFORMANCE RATIOS:
Return on average assets (ROAA)		1.01	%		1.07	%		1.03	%		0.60	%		1.04	%		0.93	%		0.84	%
Pre-tax pre-provision ROAA		1.34	%		1.34	%		1.42	%		0.83	%		1.27	%		1.33	%		1.10	%
Return on average equity (ROE)		11.08	%		12.08	%		11.67	%		6.63	%		11.07	%		10.38	%		9.19	%
Return on average tangible equity		13.97	%		15.47	%		14.97	%		8.32	%		13.51	%		13.22	%		11.34	%
Efficiency ratio		68.09	%		69.00	%		68.90	%		80.00	%		71.09	%		71.33	%		75.33	%
Earning asset yield		5.32	%		5.31	%		5.29	%		5.23	%		5.15	%		5.28	%		4.91	%
Cost of interest bearing liabilities		2.34	%		2.33	%		2.33	%		2.32	%		2.35	%		2.33	%		2.48	%
Net interest margin		3.51	%		3.48	%		3.48	%		3.40	%		3.33	%		3.46	%		3.05	%
Tax equivalent effect		0.01	%		0.02	%		0.01	%		0.01	%		0.01	%		0.01	%		0.01	%
Net interest margin, tax equivalent		3.52	%		3.50	%		3.49	%		3.41	%		3.34	%		3.47	%		3.06	%
Non interest income/Average assets		0.96	%		1.12	%		1.35	%		1.14	%		1.30	%		1.14	%		1.25	%
Non interest expense/Average assets		2.90	%		3.04	%		3.17	%		3.45	%		3.14	%		3.13	%		3.16	%
Net noninterest expense/Average assets		-1.94	%		-1.92	%		-1.82	%		-2.31	%		-1.84	%		-1.99	%		-1.91	%

ASSET QUALITY RATIOS:
Gross charge-offs		133			11			49			86			195			279			290
Recoveries		3			9			3			2			13			17			40
Net charge-offs		130			2			46			84			182			262			250
Nonperforming loans/Total loans		0.39	%		0.42	%		0.54	%		0.56	%		0.53	%		0.39	%		0.53	%
Nonperforming assets/Loans & OREO		0.40	%		0.44	%		0.56	%		0.56	%		0.53	%		0.40	%		0.53	%
Nonperforming assets/Total assets		0.30	%		0.32	%		0.41	%		0.41	%		0.40	%		0.30	%		0.40	%
Allowance for credit loss/Nonperforming loans		351.91	%		345.39	%		266.43	%		254.35	%		273.68	%		351.91	%		273.68	%
Allowance for credit loss/Total loans		1.36	%		1.44	%		1.43	%		1.41	%		1.44	%		1.36	%		1.44	%
Net loan charge-offs/Average loans (ann.)		0.04	%		0.00	%		0.02	%		0.03	%		0.07	%		0.02	%		0.02	%
Loan loss provision/Net charge-offs	N/M			N/M			N/M			N/M			N/M			N/M			N/M

CAPITAL & LIQUIDITY RATIOS:
Loans/ Deposits		90.31	%		87.96	%		87.59	%		85.61	%		90.81	%		90.31	%		90.81	%
Equity/ Assets		9.14	%		9.15	%		8.99	%		8.76	%		9.24	%		9.14	%		9.24	%
Tangible equity/Tangible assets		7.40	%		7.35	%		7.17	%		6.96	%		7.66	%		7.40	%		7.66	%
Common equity tier 1 ratio (Bank)		11.78	%		12.48	%		12.53	%		12.35	%		13.43	%		11.78	%		13.43	%

END OF PERIOD BALANCES
Total assets		1,545,367			1,496,263			1,486,301			1,501,002			1,379,517			1,545,367			1,379,517
Total loans		1,180,591			1,110,545			1,094,719			1,088,274			1,046,735			1,180,591			1,046,735
Deposits		1,307,244			1,262,522			1,249,822			1,271,220			1,152,605			1,307,244			1,152,605
Shareholders equity		141,236			136,939			133,648			131,526			127,508			141,236			127,508
Goodwill and intangibles		28,989			29,048			29,107			29,125			23,597			28,989			23,597
Tangible equity		112,247			107,891			104,541			102,401			103,911			112,247			103,911
Mortgage servicing portfolio		1,479,982			1,470,360			1,456,374			1,432,184			1,427,318			1,479,982			1,427,318
Wealth/Brokerage assets under care		566,004			563,036			536,836			519,158			547,697			566,004			547,697
Total assets under care		3,591,353			3,529,659			3,479,511			3,452,344			3,354,532			3,591,353			3,354,532
Full-time equivalent employees		252			253			256			262			252			252			252
Period end common shares outstanding		6,236			6,268			6,359			6,483			6,494			6,236			6,494
Market capitalization (all)		138,883			120,907			121,453			134,982			135,780			138,883			135,780

AVERAGE BALANCES
Total assets		1,536,215			1,502,389			1,498,756			1,459,896			1,395,473			1,499,323			1,361,274
Total earning assets		1,436,207			1,404,330			1,399,485			1,346,354			1,301,872			1,398,888			1,267,794
Total loans		1,158,567			1,104,175			1,076,328			1,076,328			1,040,580			1,108,531			1,014,375
Deposits		1,299,512			1,270,783			1,270,798			1,227,449			1,163,531			1,267,201			1,130,973
Shareholders equity		140,315			132,866			132,353			131,944			130,647			134,606			124,742
Goodwill and intangibles		29,027			29,077			29,116			26,714			23,605			28,865			23,629
Tangible equity		111,288			103,789			103,237			105,230			107,042			105,741			101,113
Average basic shares outstanding		6,252			6,297			6,448			6,481			6,575			6,369			6,660
Average diluted shares outstanding		6,266			6,311			6,459			6,502			6,599			6,388			6,680

SB FINANCIAL GROUP, INC.
Rate Volume Analysis - (Unaudited)
For the Three and Twelve Months Ended Dec. 31, 2025 and 2024

($ in thousands)	Three Months Ended Dec. 31, 2025							Three Months Ended Dec. 31, 2024
	Average					Average		Average					Average
Assets	Balance			Interest		Rate		Balance			Interest		Rate

Taxable securities	$	192,092		$	1,096	2.26	%	$	205,848		$	1,321	2.55	%
Overnight Cash		79,464			799	3.99	%		49,141			449	3.63	%
Nontaxable securities		6,084			36	2.35	%		6,303			35	2.21	%
Loans, net		1,158,567			17,341	5.94	%		1,040,580			15,042	5.75	%
Total earning assets		1,436,207			19,272	5.32	%		1,301,872			16,847	5.15	%
Cash on hand		5,449							4,262
Allowance for loan losses		(16,044	)						(15,070	)
Premises and equipment		21,832							20,642
Other assets		88,771							83,767
Total assets	$	1,536,215						$	1,395,473

Liabilities
Savings, MMDA and interest bearing demand	$	764,806		$	3,468	1.80	%	$	669,987		$	2,803	1.66	%
Time deposits		272,398			2,352	3.43	%		259,093			2,366	3.63	%
Repurchase agreements & other		10,709			22	0.82	%		13,229			41	1.23	%
Advances from Federal Home Loan Bank		35,000			370	4.19	%		35,000			369	4.19	%
Trust preferred securities		10,310			154	5.93	%		10,310			177	6.83	%
Subordinated debt		19,731			194	3.90	%		19,674			194	3.92	%
Total interest bearing liabilities		1,112,954			6,560	2.34	%		1,007,293			5,950	2.35	%
Non interest bearing demand		262,308			-				234,451			-
Total funding		1,375,262				1.89	%		1,241,744				1.91	%
Other liabilities		20,638							23,082
Total liabilities		1,395,900							1,264,826
Equity		140,315							130,647

Total liabilities and equity	$	1,536,215						$	1,395,473

Net interest income				$	12,712						$	10,897

Net interest income as a percent of average interest-earning assets - GAAP measure						3.51	%						3.33	%

Net interest income as a percent of average interest-earning assets - non GAAP						3.52	%						3.34	%
- Computed on a fully tax equivalent (FTE) basis

	Twelve Months Ended Dec. 31, 2025							Twelve Months Ended Dec. 31, 2024
	Average					Average		Average					Average
Assets	Balance			Interest		Rate		Balance			Interest		Rate

Taxable securities	$	196,831		$	4,495	2.28	%	$	247,026		$	5,490	2.22	%
Overnight Cash		87,283			3,840	4.40	%		43,171			1,354	3.14	%
Nontaxable securities		6,243			144	2.31	%		6,393			146	2.28	%
Loans, net		1,108,531			65,441	5.90	%		1,014,375			57,359	5.65	%
Total earning assets		1,398,888			73,920	5.28	%		1,310,965			64,349	4.91	%
Cash on hand		5,390							4,388
Allowance for loan losses		(15,631	)						(15,536	)
Premises and equipment		21,624							20,929
Other assets		89,052							40,528
Total assets	$	1,499,323						$	1,361,274

Liabilities
Savings, MMDA and interest bearing demand	$	742,153		$	13,092	1.76	%	$	643,710		$	11,073	1.72	%
Time deposits		273,228			9,398	3.44	%		259,818			9,962	3.83	%
Repurchase agreements & Other		12,085			95	0.79	%		14,336			154	1.07	%
Advances from Federal Home Loan Bank		35,011			1,467	4.19	%		39,092			1,721	4.40	%
Trust preferred securities		10,310			637	6.18	%		10,310			739	7.17	%
Subordinated debt		19,713			778	3.95	%		19,665			778	3.96	%
Total interest bearing liabilities		1,092,500			25,467	2.33	%		986,931			24,427	2.48	%
Non interest bearing demand		251,820				1.89	%		227,445				2.01	%
Total funding		1,344,320							1,214,376
Other liabilities		20,397							22,156
Total liabilities		1,364,717							1,236,532

Equity		134,606							124,742

Total liabilities and equity	$	1,499,323						$	1,361,274

Net interest income				$	48,453						$	39,922

Net interest income as a percent of average interest-earning assets - GAAP measure						3.46	%						3.05	%

Net interest income as a percent of average interest-earning assets - non GAAP						3.47	%						3.06	%
- Computed on a fully tax equivalent (FTE) basis

Non-GAAP reconciliation	Three Months Ended						Twelve Months Ended

($ in thousands, except per share & ratios)	Dec. 31, 2025			Dec. 31, 2024			Dec. 31, 2025			Dec. 31, 2024

Total Operating Revenue	$	16,420		$	14,454		$	65,560		$	56,939
Adjustment to (deduct)/add OMSR recapture/impairment *		157			(288	)		289			(42	)
Adjusted Total Operating Revenue		16,577			14,166			65,849			56,897

Total Operating Expense		11,239			11,003			46,999			42,959
Adjustment for merger expenses		-			-			(726	)		-
Adjusted Total Operating Expense		11,239			11,003			46,273			42,959

Income before Income Taxes		4,983			4,527			17,255			13,856
Adjustment for OMSR*/Merger Expenses		157			(288	)		1,015			(42	)
Adjusted Income before Income Taxes		5,140			4,239			18,270			13,814


Provision for Income Taxes		1,065			892			3,281			2,386
Adjustment for OMSR/Merger Expenses **		33			(60	)		213			(9	)
Adjusted Provision for Income Taxes		1,098			832			3,494			2,377

Net Income		3,918			3,635			13,974			11,470
Adjustment for OMSR*/Merger Expenses		124			(228	)		802			(33	)
Adjusted Net Income		4,042			3,407			14,776			11,437

Diluted Earnings per Share		0.63			0.55			2.19			1.72
Adjustment for OMSR*/Merger Expenses		0.02			(0.03	)		0.13			(0.00	)
Adjusted Diluted Earnings per Share	$	0.65		$	0.52		$	2.31		$	1.71

Return on Average Assets		1.01	%		1.04	%		0.93	%		0.84	%
Adjustment for OMSR*/Merger Expenses		0.01	%		-0.02	%		0.05	%		0.00	%
Adjusted Return on Average Assets		1.02	%		1.02	%		0.98	%		0.84	%

*valuation adjustment to the Company's mortgage servicing rights

**tax effect is calculated using a 21% statutory federal corporate income tax rate

FAQ

What were SBFG's fourth-quarter 2025 earnings and EPS results?

SBFG reported GAAP net income of $3.9M and diluted EPS of $0.63 for Q4 2025. According to the company, adjusted DEPS was $0.65, reflecting loan-driven margin improvement and the Marblehead acquisition's contribution.

How much did SBFG's loan portfolio grow in Q4 2025 and for the year (SBFG)?

Total loans increased by $133.9M (12.8%) year‑over‑year and by $70.0M from the prior quarter. According to the company, organic loan growth excluding Marblehead was $115.7M year‑over‑year.

What drove SBFG's margin and net interest income improvement in Q4 2025 (SBFG)?

Net interest income rose to $12.7M (+16.7%), driven by higher loan yields and loan growth. According to the company, stable funding costs and balance sheet mix also contributed to a 16 basis‑point NIM increase.

Why did SBFG's noninterest income decline in Q4 2025 and what was the impact?

Noninterest income fell 18.6% in Q4 2025, largely from lower wealth management and mortgage servicing fees. According to the company, gains on sales and higher title revenue partially offset the decline, reducing fee diversification.

How did SBFG's capital and shareholder metrics change after Q4 2025 results (SBFG)?

Tangible book value per share rose to $18.00 (up $2.00), and shareholders' equity increased by $13.7M year‑over‑year. According to the company, quarterly share repurchases continued (~32,000 shares) while maintaining capital flexibility.

SB Financial Group Announces Fourth Quarter 2025 Results