SB Financial Group (NASDAQ: SBFG) lifts Q2 profit as assets hit $1.62B

Rhea-AI Filing Summary

SB Financial Group, Inc. reported stronger results for the quarter ended June 30, 2026, with net income of $4.5 million, up 16.7% from a year earlier, and diluted EPS of $0.72, up 20.0%. Total operating revenue rose 4.5% to $17.9 million, as net interest income grew 6.8% and the provision for credit losses fell 49.9%, partly offset by slightly lower noninterest income and a net interest margin of 3.43% versus 3.48%.

Total assets reached $1.62 billion, up 9.0% year over year, with loans up 8.7% to $1.19 billion and deposits up 11.3% to $1.39 billion, producing a loan‑to‑deposit ratio of 85.51%. Asset quality remained strong: nonperforming assets declined to 0.27% of total assets, and the allowance for credit losses stood at 1.38% of loans, covering 470.31% of nonperforming loans. Return on average assets was 1.12% and return on average equity 12.44% for the quarter, while the efficiency ratio improved to 67.32%. The company also repurchased about 28,000 shares and maintained regular dividends.

Positive

• Profitability accelerated: Q2 2026 net income grew 16.7% year over year to $4.5 million, with diluted EPS up 20.0% to $0.72; six‑month net income rose 46.3% and diluted EPS 51.6%.
• Balance sheet growth: Total assets increased 9.0% to $1.62 billion, loans rose 8.7% to $1.19 billion, and deposits climbed 11.3% to $1.39 billion, supporting higher operating revenue.
• Stronger asset quality: Nonperforming assets fell to 0.27% of total assets from 0.41%, while the allowance for credit losses covered 470.31% of nonperforming loans, with net charge‑offs at only 0.06% of average loans.

Negative

• None.

Filing Explained

The July 31 filing is a furnished earnings disclosure, with 6,252,992 shares outstanding and no disclosed new ownership or obligation for existing common holders.

A Form 8-K reports specified material events, and this filing furnishes SB Financial Group’s second-quarter 2026 results under Item 2.02 rather than reporting a completed transaction.

The filing’s current structural effect is disclosure of historical operating and balance-sheet information; it describes no new issuance, financing obligation, or other stated change to existing common holders’ ownership.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income (Q2 2026): $4.5 million Diluted EPS (Q2 2026): $0.72 Total operating revenue (Q2 2026): $17.9 million +5 more

8 metrics

Net income (Q2 2026) $4.5 million Quarter ended June 30, 2026; 16.7% higher than Q2 2025

Diluted EPS (Q2 2026) $0.72 Quarter ended June 30, 2026; up from $0.60 a year earlier

Total operating revenue (Q2 2026) $17.9 million Three months ended June 30, 2026; 4.5% above Q2 2025

Total assets $1.62 billion As of June 30, 2026; 9.0% growth from June 30, 2025

Total deposits $1.39 billion As of June 30, 2026; 11.3% higher than prior‑year quarter

Nonperforming assets ratio 0.27% Nonperforming assets as a share of total assets at June 30, 2026

Allowance coverage of nonperforming loans 470.31% Allowance for credit losses divided by nonperforming loans, June 30, 2026

Return on average assets 1.12% Q2 2026 ROAA

Key Terms

net interest margin, efficiency ratio, nonperforming assets, allowance for credit losses, +2 more

6 terms

net interest margin financial

"net interest margin decreased approximately 5 basis points from 3.48 percent to 3.43 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.

efficiency ratio financial

"Our core efficiency ratio for the second quarter of 2026 improved to 67.32 percent"

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

nonperforming assets financial

"Nonperforming assets totaled $4.4 million, representing 0.27 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.

allowance for credit losses financial

"The allowance for credit losses remained strong at 1.38 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.

mortgage servicing rights financial

"Mortgage servicing rights | | | 15,953"

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.

tangible book value per common share financial

"Tangible book value per common share (TBV) | | | 19.04"

A per-share measure of the company’s tangible net asset value available to common shareholders after removing intangible items (like goodwill, brand value, and patents) and any preferred shareholder claims. Think of it as the amount each common share would get if the company sold only its physical and financial assets and settled priority claims. Investors use it as a conservative baseline to judge whether a stock is cheaply priced relative to the company’s hard-asset backing.

Earnings Snapshot

Net income (Q2 2026): $4,497 thousand

quarter and six months ended June 30, 2026

Net income (Q2 2026) $4,497 thousand up 16.7% from Q2 2025

Diluted EPS (Q2 2026) $0.72 up 20.0% from $0.60

Net income (six months 2026) $8,793 thousand up 46.3% from $6,010 thousand

Diluted EPS (six months 2026) $1.41 up 51.6% from $0.93

Total operating revenue (Q2 2026) $17,941 thousand up 4.5% from $17,176 thousand

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Available on EDGAR 07/31/2026 - 02:42 PM Accepted by SEC EDGAR 07/31/2026 - 02:41 PM Learn about SEC filing dates

FAQ

What were SB Financial Group (SBFG)'s Q2 2026 earnings and EPS?

SB Financial Group reported Q2 2026 net income of $4.5 million, up 16.7% from Q2 2025, with diluted EPS of $0.72 versus $0.60 a year earlier. For the first six months of 2026, net income was $8,793 thousand, up 46.3% year over year.

How did SBFG's revenue and net interest income change in Q2 2026?

Total operating revenue increased 4.5% to $17.9 million in Q2 2026 versus $17.2 million a year earlier. Net interest income rose 6.8% to $13.0 million, driven by higher loan interest income, while the net interest margin was 3.43% compared with 3.48% in Q2 2025.

What were SBFG's total assets and deposits as of June 30, 2026?

As of June 30, 2026, SB Financial Group had $1.62 billion in total assets, up 9.0% year over year. Total deposits reached $1.39 billion, an 11.3% increase from the prior‑year quarter, producing a loan‑to‑deposit ratio of 85.51%.

How strong was SBFG's asset quality in Q2 2026?

Asset quality remained strong, with nonperforming assets at $4.4 million, or 0.27% of total assets, down from 0.41% a year earlier. The allowance for credit losses was 1.38% of total loans and covered 470.31% of nonperforming loans; net charge‑offs were 0.06% annualized.

What were SBFG's returns on assets and equity in Q2 2026?

In Q2 2026, SB Financial Group achieved a return on average assets of 1.12% and a return on average equity of 12.44%. On an adjusted basis, ROAA was 1.13% and adjusted ROE 12.55%, reflecting improved profitability versus the prior‑year quarter.

Did SB Financial Group (SBFG) return capital to shareholders in Q2 2026?

Yes. SB Financial Group repurchased approximately 28,000 shares during Q2 2026, similar to the prior quarter, and paid common dividends totaling $0.160 per share in the quarter, up from $0.150 per share in the year‑earlier period.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 31, 2026 (July 23, 2026)

SB FINANCIAL GROUP, INC

(Exact name of registrant as specified in its charter)

Ohio		001-36785		34-1395608
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

401 Clinton Street, Defiance, OH		43512
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (419) 783-8950

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol(s)		Name of each exchange on which registererd
Common Shares, No Par Value 6,252,992 Outstanding at July 31, 2026		SBFG		The NASDAQ Stock Market, LLC (NASDAQ Capital Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On July 23, 2026, SB Financial Group, Inc. (the “Company”) issued a news release reporting financial results for the second quarter 2026. A copy of the July 23, 2026 news release is furnished as Exhibit 99.1 and is incorporated herein by reference.

The information in this Item 2.02, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that Section, nor shall such information be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933 or the Exchange Act, except as otherwise stated in such filing.

Item 9.01. Financial Statements and Exhibits.

(a) Not Applicable

(b) Not Applicable

(c) Not Applicable

(d) Exhibits

Exhibit No.		Description
99.1		News release issued by SB Financial Group, Inc. on July 23, 2026, reporting financial results for the second quarter 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

-1-

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SB FINANCIAL GROUP, INC.
Dated: July 31, 2026	By:	/s/ Anthony V. Cosentino
		Anthony V. Cosentino
		Chief Financial Officer

-2-

Exhibit 99.1

SB Financial Group Announces Second Quarter 2026 Results

DEFIANCE, OH, July 23, 2026 -- 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 quarter ended June 30, 2026.

Second Quarter 2026 Highlights compared to the second quarter of the prior year include:

● Net Income, GAAP net income and Diluted Earnings per Share (“DEPS”) were $4.5 million, or $0.72 per DEPS, an improvement from the $3.9 million, or $0.60 per DEPS in the prior-year quarter. Net income, adjusted for Originated Mortgage Servicing Rights (“OMSR”) and merger costs, was $4.5 million, up 21.8 percent compared to $3.7 million for the prior-year period. Adjusted DEPS of $0.73 was also up 25.9 percent from the adjusted prior-year.

● Total loans reached $1.19 billion, reflecting an increase of $94.8 million, or 8.7 percent, from the prior-year quarter and an improvement of $8.4 million, or 0.71 percent, from the linked quarter. This performance marks SBFG's ninth consecutive quarter of expansion in our loan portfolio.

● Total deposits climbed to $1.39 billion, increasing by $141.3 million, or 11.3 percent, from the prior-year quarter, and up $19.3 million, or 1.4 percent, from the linked quarter.

● Tangible book value (“TBV”) per common share finished the quarter at $19.04, climbing $2.60 per share, or 15.8 percent, from $16.44 in the prior-year quarter. Adjusted tangible book value excluding AOCI advanced to $22.57 at quarter end.

Six months ended June 30, 2026 Highlights compared to the same period of the prior-year:

● GAAP net income increased to $8.8 million, a 46.3 percent expansion compared to the $6.0 million reported for the previous six months, and diluted EPS was $1.41, an improvement of 51.6 percent from $0.93.

● Net interest income rose to $25.7 million, representing a 9.7 percent improvement from the $23.4 million reported in the prior-year period.

● Noninterest income increased by 5.9 percent to $9.7 million compared to $9.2 million reported in the previous six months.

● Noninterest expense remained well controlled, decreasing by 0.8 percent to $24.1 million from $24.3 million in the prior-year period.

Earnings Highlights		Three Months Ended												Six Months Ended
($ in thousands, except per share & ratios)		Jun. 2026				Jun. 2025				% Change				Jun. 2026				Jun. 2025				% Change
Operating revenue		$	17,941			$	17,176				4.5	%		$	35,365			$	32,562				8.6	%
Interest income			19,820				18,467				7.3	%			39,127				35,839				9.2	%
Interest expense			6,866				6,339				8.3	%			13,461				12,432				8.3	%
Net interest income			12,954				12,128				6.8	%			25,666				23,407				9.7	%
Provision for credit losses			299				597				49.9	%			513				984				-47.9	%
Noninterest income			4,987				5,048				-1.2	%			9,699				9,155				5.9	%
Noninterest expense			12,137				11,852				2.4	%			24,066				24,262				-0.8	%
Net income			4,497				3,852				16.7	%			8,793				6,010				46.3	%
Adjusted Earnings per diluted share			0.73				0.58				25.9	%			1.36				1.00				36.0	%
Earnings per diluted share			0.72				0.60				20.0	%			1.41				0.93				51.6	%
Adjusted Return on Avg. Assets			1.13	%			1.00	%			13.0	%			1.07	%			0.85	%			25.9	%
Return on average assets			1.12	%			1.03	%			8.7	%			1.11	%			0.82	%			35.4	%
Adjusted Return on Avg. Equity			12.55	%			11.29	%			11.2	%			11.81	%			10.54	%			12.0	%
Return on average equity			12.44	%			11.67	%			6.6	%			12.24	%			9.19	%			33.2	%

“Net income for the second quarter of 2026 was $4.5 million, a 16.7 percent increase from the prior-year quarter, with GAAP DEPS of $0.72, an improvement of 20.0 percent from the prior-year quarter,” said Mark A. Klein, Chairman, President, and Chief Executive Officer. “This marks our 62nd consecutive quarter of profitability and reflects the continued benefits of not only our expanded balance sheet scale, but also the sustained, robust performance of our diversified community banking and fee-based business lines.”

RESULTS OF OPERATIONS

In the second quarter of 2026, total operating revenue increased to $17.9 million, 4.5 percent improvement from $17.2 million in the prior-year quarter and 3.0 percent from $17.4 million in the linked quarter. The year-over-year increase was driven by higher net interest income, which was partially offset by a modest reduction in noninterest income due to lower net mortgage servicing fees. Net interest income for the quarter totaled $13.0 million, compared with $12.1 million in the prior-year period and $12.7 million in the linked quarter. The year-over-year expansion was driven by a rise in interest income on loans, which climbed to $17.5 million. Total interest expense increased to $6.9 million, up 8.3 percent from $6.3 million in the prior-year quarter, as slightly higher deposit costs were partially offset by lower costs across other funding sources. As a result, net interest margin decreased approximately 5 basis points from 3.48 percent in the prior-year quarter to 3.43 percent.

Total loans increased $94.8 million from the prior-year quarter and $8.4 million from the linked quarter. Total deposits at quarter end increased $141.3 million, or 11.3 percent, to $1.39 billion, supported by stable core deposit relationships and continued customer deposit gathering activities across the Company’s markets. Overall results for the quarter reflected continued balance sheet discipline, stable credit performance, and the benefit of a diversified revenue business model.

Mortgage Loan Business

Net mortgage banking revenue for the quarter reached $1.9 million, a decrease of $236,000 from the prior-year quarter. Loan servicing fees added $934,000 to revenue, reflecting an increase of $30,000 from the prior-year quarter. The OMSR net valuation adjustment for the second quarter of 2026 was a negative $54,000, compared with a recapture of $159,000 in the second quarter of 2025.

2

Mortgage Banking
($ in thousands)		Jun. 2026				Mar. 2026				Dec. 2025				Sep. 2025				Jun. 2025				Prior Year Growth
Mortgage originations		$	79,346			$	65,768			$	72,398			$	67,609			$	97,901			$	(18,555	)
Mortgage sales			70,253				53,420				70,361				66,408				74,313				(4,060	)
Mortgage servicing portfolio			1,504,657				1,482,052				1,479,982				1,470,360				1,456,374				48,283
Mortgage servicing rights			15,953				15,728				15,254				15,347				15,458				495
Revenue
Loan servicing fees			934				928				928				914				904				30
OMSR amortization			(497	)			(529	)			(572	)			(455	)			(469	)			(28	)
Net administrative fees			437				399				356				459				435				2
OMSR valuation adjustment			(54	)			452				(157	)			(301	)			159				(213	)
Net loan servicing fees			383				851				199				158				594				(211	)
Gain on sale of mortgages			1,541				978				1,272				1,328				1,566				(25	)
Mortgage banking revenue, net		$	1,924			$	1,829			$	1,471			$	1,486			$	2,160			$	(236	)

Noninterest Income and Noninterest Expense

“Noninterest income for the second quarter of 2026 reached $5.0 million, proving highly resilient compared to the prior-year base of $5.0 million,” Mr. Klein noted. “Our wealth management fees improved to $955,000, from $859,000 a year ago, while title insurance contributed $577,000 to total revenue, illustrating the strength of our team's cross-functional internal referral strategies.”

Noninterest Income/Noninterest Expense
($ in thousands, except ratios)		Jun. 2026				Mar. 2026				Dec. 2025				Sep. 2025				Jun. 2025				Prior Year Growth
Noninterest Income (NII)		$	4,987			$	4,712			$	3,708			$	4,244			$	5,048			$	(61	)
NII / Total Revenue			27.8	%			27.0	%			22.6	%			25.6	%			29.4	%			-1.6	%
NII / Average Assets			1.2	%			1.2	%			1.0	%			1.1	%			1.4	%			-0.2	%
Total Revenue Growth			4.5	%			13.3	%			6.3	%			15.9	%			22.3	%			-17.8	%
Noninterest Expense (NIE)		$	12,137			$	11,929			$	11,239			$	11,498			$	11,852			$	285
Efficiency Ratio			67.3	%			68.1	%			68.1	%			69.0	%			68.9	%			-1.6	%
NIE / Average Assets			3.0	%			3.1	%			2.9	%			3.0	%			3.2	%			-0.2	%
Net Noninterest Expense/Avg. Assets			-1.8	%			-1.9	%			-1.9	%			-1.9	%			-1.8	%			0.0	%
Total Expense Growth			2.4	%			-3.9	%			2.1	%			4.5	%			11.1	%			-8.7	%

Noninterest expense for the second quarter of 2026 rose 2.4 percent to $12.1 million from $11.9 million in the prior-year quarter, predominantly driven by an increase of $410,000 in salaries and employee benefits, which totaled $7.0 million, to support revenue-producing lenders. This increase was heavily mitigated by lower data-processing expenses, which decreased to $693,000 from $888,000 in the prior-year quarter as previous merger-related and systems-integration costs fully wound down. “Our core efficiency ratio for the second quarter of 2026 improved to 67.32 percent, compared to 68.90 percent in the second quarter of 2025 and 68.12 percent in the linked quarter,” stated Mr. Klein. “This positive operating leverage reflects our disciplined approach to managing overhead while proactively funding expansion in our growth markets.”

3

Balance Sheet

As of June 30, 2026, SB Financial reported total assets of $1.62 billion, representing an increase of $74.7 million from December 31, 2025, and $133.8 million, or 9.0 percent, from June 30, 2025. The year-over-year asset growth was primarily driven by steady organic loan generation across commercial and agricultural lines. Cash and due from banks increased by $58.7 million from the prior-year period to $138.2 million, supported by sustained deposit gathering and investment portfolio cash flows. Key balance-sheet metrics for the quarter included a loan-to-deposit ratio of 85.51 percent and a loan-to-asset ratio of 73.43 percent, both of which remained well-aligned with target operating bands.

Total deposits at quarter end reached $1.39 billion, an increase of $141.3 million, or 11.3 percent, from the prior-year quarter, driven by strong client retention and expanded commercial deposit relationships. Noninterest-bearing demand deposits totaled $258.6 million, accounting for 18.6 percent of the total deposit portfolio. Shareholders’ equity finished the period at $146.7 million, representing an increase of $13.1 million, or 9.8 percent, from the prior-year period.

During the second quarter, SB Financial repurchased approximately 28,000 shares, roughly flat compared to the linked quarter, reflecting a measured approach to capital allocation and ongoing evaluation of market dynamics and corporate priorities during the period. The Company remains committed to a prudent capital allocation strategy, supporting shareholder returns through dividends and share buybacks while preserving the financial flexibility to fund organic expansion, strategic initiatives, and capital stability.

“As we enter the second half of 2026, we are operating from a strong fundamental foundation characterized by top-tier capital ratios, exceptional credit quality, and a resilient core deposit franchise,” stated Mr. Klein. “Our consistent organic loan expansion highlights our strong client relationship model and localized lending expertise, while our robust reserve coverage and near-zero delinquency levels reflect our disciplined approach to credit administration. Supported by our diverse fee-generating businesses and careful expense management, we are well-positioned to maintain positive operating leverage and drive long-term value for our shareholders.”

4

Loan Balances
($ in thousands, except ratios)		Jun. 2026				Mar. 2026				Dec. 2025				Sep. 2025				Jun. 2025				Annual Growth
Commercial		$	111,128			$	112,226			$	113,878			$	117,581			$	118,984			$	(7,856	)
% of Total			9.3	%			9.5	%			9.6	%			10.6	%			10.9	%			-6.6	%
Commercial RE			611,274				601,556				596,983				535,307				525,671				85,603
% of Total			51.4	%			50.9	%			50.6	%			48.2	%			48.0	%			16.3	%
Agriculture			81,341				78,569				76,514				65,150				60,924				20,417
% of Total			6.8	%			6.7	%			6.5	%			5.9	%			5.6	%			33.5	%
Residential RE			295,481				299,741				304,741				309,140				310,126				(14,645	)
% of Total			24.8	%			25.4	%			25.8	%			27.8	%			28.3	%			-4.7	%
Consumer & Other			90,335				89,043				88,475				83,367				79,014				11,321
% of Total			7.6	%			7.5	%			7.5	%			7.5	%			7.2	%			14.3	%
Total Loans		$	1,189,559			$	1,181,135			$	1,180,591			$	1,110,545			$	1,094,719			$	94,840
Total Growth Percentage																							8.7	%

Deposit Balances
($ in thousands, except ratios)		Jun. 2026				Mar. 2026				Dec. 2025				Sep. 2025				Jun. 2025				Annual Growth
Non-Int DDA		$	258,576			$	248,239			$	254,063			$	246,725			$	241,245			$	17,331
% of Total			18.6	%			18.1	%			19.4	%			19.5	%			19.3	%			7.2	%
Interest DDA			206,593				215,594				202,501				194,420				205,581				1,012
% of Total			14.9	%			15.7	%			15.5	%			15.4	%			16.4	%			0.5	%
Savings			325,675				333,662				296,484				290,111				282,311				43,364
% of Total			23.4	%			24.3	%			22.7	%			23.0	%			22.6	%			15.4	%
Money Market			315,363				300,028				280,896				261,953				249,536				65,827
% of Total			22.7	%			21.9	%			21.5	%			20.7	%			20.0	%			26.4	%
Time Deposits			284,940				274,300				273,300				269,313				271,149				13,791
% of Total			20.5	%			20.0	%			20.9	%			21.3	%			21.7	%			5.1	%
Total Deposits		$	1,391,147			$	1,371,823			$	1,307,244			$	1,262,522			$	1,249,822			$	141,325
Total Growth Percentage																							11.3	%

Asset Quality

As of June 30, 2026, SB Financial continued to report strong asset quality metrics. Nonperforming assets totaled $4.4 million, representing 0.27 percent of total assets, reflecting a decrease of $1.8 million from $6.2 million (0.41 percent of total assets) in the prior-year quarter. Within total nonperforming assets, nonaccruing loans declined to $3.5 million, while foreclosed properties and other assets stood at $936,000. The allowance for credit losses remained strong at 1.38 percent of total loans, providing coverage of 470.2 percent of nonperforming loans. This reserve level represents an improvement from the prior-year period, reflecting the Company’s disciplined credit risk framework. Annualized net loan charge-offs to average loans remained very low at 6 basis points, compared to 1 basis point in the linked quarter and 2 basis points in the prior-year quarter, with gross charge-offs totaling $196,000. Collectively, these metrics underscore SB Financial's continued focus on disciplined underwriting and effective credit administration.

“Our credit results for the second quarter continue to demonstrate excellent stability across the loan portfolio and steady progress in resolving nonperforming assets,” said Mr. Klein. “With nonperforming assets declining compared to the linked quarter and our allowance for credit losses providing coverage of nonperforming loans, our reserve position remains highly conservative. We remain committed to diligent underwriting and proactive risk management to protect the balance sheet as we support measured loan expansion across our markets.”

5

Nonperforming Assets		Reconcile to 10-Q																				Annual
($ in thousands, except ratios)		Jun. 2026				Mar. 2026				Dec. 2025				Sep. 2025				Jun. 2025				Change
Commercial & Agriculture		$	1,304			$	1,359			$	2,256			$	2,243			$	3,306			$	(2,002	)
% of Total Com./Ag. loans			0.68	%			0.71	%			1.18	%			1.23	%			1.84	%			-60.6	%
Commercial RE			339				668				771				778				784				(445	)
% of Total CRE loans			0.06	%			0.11	%			0.13	%			0.15	%			0.15	%			-56.8	%
Residential RE			1,476				1,439				1,322				1,400				1,585				(109	)
% of Total Res. RE loans			0.50	%			0.48	%			0.43	%			0.45	%			0.51	%			-6.9	%
Consumer & Other			367				233				230				195				197				170
% of Total Con./Oth. loans			0.41	%			0.26	%			0.26	%			0.23	%			0.25	%			86.3	%
Total Nonaccruing Loans			3,486				3,699				4,579				4,616				5,872				(2,386	)
% of Total loans			0.29	%			0.31	%			0.39	%			0.42	%			0.54	%			-40.6	%
Foreclosed Assets and Other Assets			936				974				104				237				284				652
Total Change (%)																							N/M
Total Nonperforming Assets		$	4,422			$	4,673			$	4,683			$	4,853			$	6,156			$	(1,734	)
% of Total assets			0.27	%			0.29	%			0.30	%			0.32	%			0.41	%			-28.17	%

Webcast and Conference Call

The Company will hold the second quarter 2026 earnings conference call and webcast on July 24, 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 Residential loan production offices located throughout Ohio and Indiana. 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 which 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.

6

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

7

SB FINANCIAL GROUP, INC.

CONSOLIDATED BALANCE SHEETS - (Unaudited)

		June				March				December				September				June
($ in thousands)		2026				2026				2025				2025				2025
ASSETS
Cash and due from banks		$	138,152			$	126,293			$	71,543			$	85,025			$	79,463
Interest bearing time deposits			2,455				1,965				1,140				2,025				1,565
Available-for-sale securities			179,026				183,626				188,626				193,190				195,955
Loans held for sale			7,438				7,203				1,761				4,736				12,774
Loans, net of unearned income			1,189,559				1,181,135				1,180,591				1,110,545				1,094,719
Allowance for credit losses			(16,395	)			(16,388	)			(16,114	)			(15,943	)			(15,645	)
Premises and equipment, net			21,088				21,295				21,688				21,764				21,857
Federal Reserve and FHLB Stock, at cost			5,502				5,463				5,610				5,466				5,466
Foreclosed assets			936				974				104				237				284
Interest receivable			5,455				5,499				5,490				5,455				5,299
Goodwill			27,158				27,158				27,158				27,158				27,158
Cash value of life insurance			32,354				32,401				32,208				32,004				31,060
Mortgage servicing rights			15,953				15,728				15,254				15,347				15,458
Other assets			11,383				12,246				10,308				9,254				10,888
Total assets		$	1,620,064			$	1,604,598			$	1,545,367			$	1,496,263			$	1,486,301
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits
Non interest bearing demand		$	258,576			$	248,239			$	254,063			$	246,725			$	241,245
Interest bearing demand			206,593				215,594				202,501				194,420				205,581
Savings			325,675				333,662				296,484				290,111				282,311
Money market			315,363				300,028				280,896				261,953				249,536
Time deposits			284,940				274,300				273,300				269,313				271,149
Total deposits			1,391,147				1,371,823				1,307,244				1,262,522				1,249,822
Short-term borrowings			6,732				9,433				9,230				10,976				15,640
Federal Home Loan Bank advances			22,500				27,500				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			19,763				19,751				19,739				19,726				19,715
Interest payable			2,470				2,553				2,460				2,739				2,258
Other liabilities			20,402				19,573				20,148				18,051				19,908
Total liabilities			1,473,324				1,460,943				1,404,131				1,359,324				1,352,653
Shareholders' Equity
Common stock			61,319				61,319				61,319				61,319				61,319
Additional paid-in capital			15,275				15,065				15,160				15,086				15,139
Retained earnings			133,125				129,631				126,311				123,370				120,273
Accumulated other comprehensive loss			(21,854	)			(21,861	)			(21,481	)			(23,412	)			(25,492	)
Treasury stock			(41,125	)			(40,499	)			(40,073	)			(39,424	)			(37,591	)
Total shareholders' equity			146,740				143,655				141,236				136,939				133,648
Total liabilities and shareholders' equity		$	1,620,064			$	1,604,598			$	1,545,367			$	1,496,263			$	1,486,301

8

SB FINANCIAL GROUP, INC.

CONSOLIDATED STATEMENTS OF INCOME - (Unaudited)

		At and for the Three Months Ended																				Six Months Ended
		June				March				December				September				June				June				June
($ in thousands, except per share & ratios)		2026				2026				2025				2025				2025				2026				2025
Interest income
Loans
Taxable		$	17,498			$	17,246			$	17,234			$	16,449			$	16,059			$	34,744			$	31,303
Tax exempt			98				99				107				117				116				197				231
Securities
Taxable			1,006				1,029				1,096				1,097				1,133				2,035				2,302
Tax exempt			36				36				36				35				35				72				73
Other interest income			1,182				897				799				1,111				1,124				2,079				1,930
Total interest income			19,820				19,307				19,272				18,809				18,467				39,127				35,839
Interest expense
Deposits			6,237				5,957				5,820				5,721				5,597				12,194				10,949
Repurchase agreements & other			7				14				22				28				21				21				45
Federal Home Loan Bank advances			234				285				370				369				366				519				728
Trust preferred securities			145				144				154				162				161				289				321
Subordinated debt			243				195				194				195				194				438				389
Total interest expense			6,866				6,595				6,560				6,475				6,339				13,461				12,432
Net interest income			12,954				12,712				12,712				12,334				12,128				25,666				23,407
Provision for credit losses			299				214				198				124				597				513				984
Net interest income after provision
for credit losses			12,655				12,498				12,514				12,210				11,531				25,153				22,423
Noninterest income
Wealth management fees			955				941				900				912				859				1,896				1,723
Customer service fees			917				910				892				887				886				1,827				1,765
Gain on sale of mtg. loans & OMSR			1,541				978				1,272				1,328				1,566				2,519				2,415
Mortgage loan servicing fees, net			383				851				199				158				594				1,234				1,205
Gain on sale of non-mortgage loans			62				144				38				8				82				206				97
Title insurance revenue			577				485				525				544				582				1,062				979
Gain (loss) on sale of assets			(9	)			8				-				-				-				(1	)			-
Other			561				395				(118	)			407				479				956				971
Total noninterest income			4,987				4,712				3,708				4,244				5,048				9,699				9,155
Noninterest expense
Salaries and employee benefits			7,005				6,096				6,047				6,198				6,595				13,101				12,832
Net occupancy expense			802				882				822				801				793				1,684				1,686
Equipment expense			1,226				1,244				1,154				1,188				1,121				2,470				2,193
Data processing fees			693				726				790				723				888				1,419				2,327
Professional fees			844				1,016				805				863				892				1,860				1,926
Marketing expense			255				277				122				174				190				532				355
Telephone and communication expense			126				118				124				123				125				244				264
Postage and delivery expense			146				187				140				157				107				333				244
State, local and other taxes			221				288				331				268				268				509				492
Employee expense			177				184				158				255				176				361				350
Other expenses			642				911				746				748				697				1,553				1,593
Total noninterest expense			12,137				11,929				11,239				11,498				11,852				24,066				24,262
Income before income tax expense			5,505				5,281				4,983				4,956				4,727				10,786				7,316
Income tax expense			1,008				985				1,065				910				875				1,993				1,306
Net income		$	4,497			$	4,296			$	3,918			$	4,046			$	3,852			$	8,793			$	6,010
Common share data:
Basic earnings per common share		$	0.72			$	0.69			$	0.63			$	0.64			$	0.60			$	1.41			$	0.93
Diluted earnings per common share		$	0.72			$	0.69			$	0.63			$	0.64			$	0.60			$	1.41			$	0.93
Average shares outstanding (in thousands):
Basic:			6,205				6,230				6,252				6,297				6,448				6,218				6,464
Diluted:			6,220				6,243				6,266				6,311				6,459				6,233				6,483

9

SB FINANCIAL GROUP, INC.

CONSOLIDATED FINANCIAL HIGHLIGHTS - (Unaudited)

		At and for the Three Months Ended																				Six Months Ended
($ in thousands, except per share & ratios)		June				March				December				September				June				June				June
SUMMARY OF OPERATIONS		2026				2026				2025				2025				2025				2026				2025
Net interest income		$	12,954			$	12,712			$	12,712			$	12,334			$	12,128			$	25,666			$	23,407
Tax-equivalent adjustment			36				36				38				40				40				72				81
Tax-equivalent net interest income			12,990				12,748				12,750				12,374				12,168				25,738				23,488
Provision for credit loss			299				214				198				124				597				513				984
Noninterest income			4,987				4,712				3,708				4,244				5,048				9,699				9,155
Total operating revenue			17,941				17,424				16,420				16,578				17,176				35,365				32,562
Noninterest expense			12,137				11,929				11,239				11,498				11,852				24,066				24,262
Pre-tax pre-provision income			5,804				5,495				5,181				5,080				5,324				11,299				8,300
Net income			4,497				4,296				3,918				4,046				3,852				8,793				6,010
PER SHARE INFORMATION:
Basic earnings per share (EPS)			0.72				0.69				0.63				0.64				0.60				1.41				0.93
Diluted earnings per share			0.72				0.69				0.63				0.64				0.60				1.41				0.93
Common dividends			0.160				0.155				0.155				0.150				0.150				0.315				0.295
Book value per common share			23.70				23.10				22.65				21.85				21.02				23.70				21.02
Tangible book value per common share (TBV)			19.04				18.45				18.00				17.21				16.44				19.04				16.44
Market price per common share			25.27				21.00				22.27				19.29				19.10				25.27				19.10
Market price to TBV			132.7	%			113.8	%			123.7	%			112.1	%			116.2	%			132.7	%			116.2	%
Market price to trailing 12 month EPS			9.4				8.2				10.1				9.1				10.4				9.4				10.4
PERFORMANCE RATIOS:
Return on average assets (ROAA)			1.12	%			1.10	%			1.01	%			1.07	%			1.03	%			1.11	%			0.82	%
Pre-tax pre-provision ROAA			1.45	%			1.41	%			1.34	%			1.34	%			1.42	%			1.52	%			1.21	%
Return on average equity (ROE)			12.44	%			12.04	%			11.08	%			12.08	%			11.67	%			12.24	%			9.19	%
Return on average tangible equity			15.53	%			15.06	%			13.97	%			15.47	%			14.97	%			15.30	%			11.64	%
Efficiency ratio			67.32	%			68.12	%			68.09	%			69.00	%			68.90	%			67.72	%			74.14	%
Earning asset yield			5.26	%			5.29	%			5.32	%			5.31	%			5.29	%			5.26	%			5.25	%
Cost of interest bearing liabilities			2.34	%			2.31	%			2.34	%			2.33	%			2.33	%			2.31	%			2.30	%
Net interest margin			3.43	%			3.48	%			3.51	%			3.48	%			3.48	%			3.45	%			3.43	%
Tax equivalent effect			0.01	%			0.01	%			0.01	%			0.02	%			0.01	%			0.01	%			0.01	%
Net interest margin, tax equivalent			3.44	%			3.49	%			3.52	%			3.50	%			3.49	%			3.46	%			3.44	%
Non interest income/Average assets			1.24	%			1.21	%			0.96	%			1.12	%			1.35	%			1.23	%			1.25	%
Non interest expense/Average assets			3.03	%			3.06	%			2.90	%			3.04	%			3.17	%			3.04	%			3.31	%
Net noninterest expense/Average assets			-1.78	%			-1.85	%			-1.94	%			-1.92	%			-1.82	%			-1.82	%			-2.06	%
ASSET QUALITY RATIOS:
Gross charge-offs			196				33				133				11				49				229				135
Recoveries			3				8				3				9				3				10				5
Net charge-offs			193				25				130				2				46				219				130
Nonperforming loans/Total loans			0.29	%			0.31	%			0.39	%			0.42	%			0.54	%			0.29	%			0.54	%
Nonperforming assets/Loans & OREO			0.37	%			0.40	%			0.40	%			0.44	%			0.56	%			0.37	%			0.56	%
Nonperforming assets/Total assets			0.27	%			0.29	%			0.30	%			0.32	%			0.41	%			0.27	%			0.41	%
Allowance for credit loss/Nonperforming loans			470.31	%			443.04	%			351.91	%			345.39	%			266.43	%			470.31	%			266.43	%
Allowance for credit loss/Total loans			1.38	%			1.39	%			1.36	%			1.44	%			1.43	%			1.38	%			1.43	%
Net loan charge-offs/Average loans (ann.)			0.06	%			0.01	%			0.04	%			0.00	%			0.02	%			0.04	%			0.02	%
CAPITAL & LIQUIDITY RATIOS:
Loans/ Deposits			85.51	%			86.10	%			90.31	%			87.96	%			87.59	%			85.51	%			87.59	%
Equity/ Assets			9.06	%			8.95	%			9.14	%			9.15	%			8.99	%			9.06	%			8.99	%
Tangible equity/Tangible assets			7.41	%			7.28	%			7.40	%			7.35	%			7.17	%			7.41	%			7.17	%
Common equity tier 1 ratio (Bank)			12.37	%			12.11	%			11.78	%			12.48	%			12.53	%			12.37	%			12.53	%
END OF PERIOD BALANCES
Total assets			1,620,064				1,604,598				1,545,367				1,496,263				1,486,301				1,620,064				1,486,301
Total loans			1,189,559				1,181,135				1,180,591				1,110,545				1,094,719				1,189,559				1,094,719
Deposits			1,391,147				1,371,823				1,307,244				1,262,522				1,249,822				1,391,147				1,249,822
Shareholders equity			146,740				143,655				141,236				136,939				133,648				146,740				133,648
Goodwill and intangibles			28,870				28,929				28,989				29,048				29,107				28,870				29,107
Tangible equity			117,870				114,726				112,247				107,891				104,541				117,870				104,541
Mortgage servicing portfolio			1,504,657				1,482,052				1,479,982				1,470,360				1,456,374				1,504,657				1,456,374
Wealth/Brokerage assets under care			585,919				556,930				566,004				563,036				536,836				585,919				536,836
Total assets under care			3,710,640				3,643,580				3,591,353				3,529,659				3,479,511				3,710,640				3,479,511
Full-time equivalent employees			258				258				252				253				256				258				256
Period end common shares outstanding			6,191				6,219				6,236				6,268				6,359				6,191				6,359
Market capitalization (all)			156,436				130,597				138,883				120,907				121,453				156,436				121,453
AVERAGE BALANCES
Total assets			1,608,355				1,579,781				1,536,215				1,502,389				1,498,756				1,594,416				1,479,613
Total earning assets			1,512,017				1,479,667				1,436,207				1,404,330				1,399,485				1,498,829				1,377,780
Total loans			1,193,207				1,186,225				1,158,567				1,104,175				1,094,199				1,184,307				1,085,313
Deposits			1,381,439				1,347,351				1,299,512				1,270,783				1,270,798				1,364,852				1,249,885
Shareholders equity			145,034				144,659				140,315				132,866				132,353				144,816				131,849
Goodwill and intangibles			28,899				28,959				29,027				29,077				29,116				28,929				27,742
Tangible equity			116,135				115,700				111,288				103,789				103,237				115,887				104,107
Average basic shares outstanding			6,205				6,230				6,252				6,297				6,448				6,218				6,464
Average diluted shares outstanding			6,220				6,243				6,266				6,311				6,459				6,233				6,483

10

SB FINANCIAL GROUP, INC.

Rate Volume Analysis - (Unaudited) 

For the Three & Six Months Ended Jun. 30, 2026 and 2025 

		Three Months Ended Jun. 30, 2026												Three Months Ended Jun. 30, 2025
		Average								Average				Average								Average
($ in thousands)		Balance				Interest				Rate				Balance				Interest				Rate
Assets
Taxable securities		$	182,269			$	1,006				2.21	%		$	198,558			$	1,133				2.29	%
Overnight Cash			131,774				1,182				3.60	%			101,964				1,124				4.42	%
Nontaxable securities			4,767				36				3.03	%			4,764				35				2.95	%
Loans, net			1,193,207				17,596				5.91	%			1,094,199				16,176				5.93	%
Total earning assets			1,512,017				19,820				5.26	%			1,399,485				18,468				5.29	%
Cash on hand			5,464												4,951
Allowance for loan losses			(16,460	)											(15,483	)
Premises and equipment			21,245												21,719
Other assets			86,089												88,084
Total assets		$	1,608,355											$	1,498,756
Liabilities
Savings, MMDA and interest bearing demand		$	836,830			$	3,949				1.89	%		$	740,677			$	3,223				1.75	%
Time deposits			279,469				2,288				3.28	%			276,376				2,374				3.45	%
Repurchase agreements & other			7,357				7				0.38	%			10,518				21				0.80	%
Advances from Federal Home Loan Bank			22,995				234				4.08	%			35,000				366				4.19	%
Trust preferred securities			10,310				145				5.64	%			10,310				161				6.26	%
Subordinated debt			19,755				243				4.93	%			19,707				194				3.95	%
Total interest bearing liabilities			1,176,716				6,866				2.34	%			1,092,588				6,339				2.33	%
Non interest bearing demand			265,140				-								253,745				-
Total funding			1,441,856								1.91	%			1,346,333								1.89	%
Other liabilities			21,465												20,070
Total liabilities			1,463,321												1,366,403
Equity			145,034												132,353
Total liabilities and equity		$	1,608,355											$	1,498,756
Net interest income						$	12,954											$	12,129
Net interest income as a percent of average interest-earning assets - GAAP measure											3.44	%											3.48	%
Net interest income as a percent of average interest-earning assets - non GAAP - Computed on a fully tax equivalent (FTE) basis											3.44	%											3.49	%

11

		Six Months Ended Jun. 30, 2026												Six Months Ended Jun. 30, 2025
		Average								Average				Average								Average
		Balance				Interest				Rate				Balance				Interest				Rate
Assets
Taxable securities		$	185,421			$	2,035				2.21	%		$	200,968			$	2,302				2.31	%
Overnight Cash			124,334				2,079				3.37	%			86,379				1,930				4.51	%
Nontaxable securities			4,767				72				3.05	%			5,120				73				2.88	%
Loans, net			1,184,307				34,941				5.95	%			1,085,313				31,535				5.86	%
Total earning assets			1,498,829				39,127				5.26	%			1,377,780				35,840				5.25	%
Cash on hand			5,436												4,796
Allowance for loan losses			(16,339	)											(15,361	)
Premises and equipment			21,369												21,403
Other assets			85,121												90,995
Total assets		$	1,594,416											$	1,479,613
Liabilities
Savings, MMDA and interest bearing demand		$	825,713			$	7,646				1.87	%		$	725,729			$	6,182				1.72	%
Time deposits			276,666				4,548				3.31	%			276,315				4,767				3.48	%
Repurchase agreements & Other			8,673				21				0.49	%			11,805				45				0.77	%
Advances from Federal Home Loan Bank			25,566				519				4.09	%			35,022				728				4.19	%
Trust preferred securities			19,749				289				2.95	%			19,701				321				3.29	%
Subordinated debt			19,713				438				4.48	%			19,665				389				3.99	%
Total interest bearing liabilities			1,176,080				13,461				2.31	%			1,088,237				12,432				2.30	%
Non interest bearing demand			262,473								1.89	%			247,841								1.88	%
Total funding			1,438,553												1,336,078
Other liabilities			11,047												11,686
Total liabilities			1,449,600												1,347,764
Equity			144,816												131,849
Total liabilities and equity		$	1,594,416											$	1,479,613
Net interest income						$	25,666											$	23,408
Net interest income as a percent of average interest-earning assets - GAAP measure											3.45	%											3.43	%
Net interest income as a percent of average interest-earning assets - non GAAP - Computed on a fully tax equivalent (FTE) basis											3.46	%											3.44	%

12

Non-GAAP reconciliation		Three Months Ended								Six Months Ended
($ in thousands, except per share & ratios)		Jun. 30, 2026				Jun. 30, 2025				Jun. 30, 2026				Jun. 30, 2025
Total Operating Revenue		$	17,941			$	17,176			$	35,365			$	32,562
Adjustment to (deduct)/add OMSR recapture/impairment *			54				(159	)			(398	)			(170	)
Adjusted Total Operating Revenue			17,995				17,017				34,967				32,392
Total Operating Expense			12,137				11,852				24,066				24,262
Adjustment for merger expenses			-				-				-				(726	)
Adjusted Total Operating Expense			12,137				11,852				24,066				23,536
Income before Income Taxes			5,505				4,727				10,786				7,316
Adjustment for OMSR*/Merger Expenses			54				(159	)			(398	)			556
Adjusted Income before Income Taxes			5,559				4,568				10,388				7,872
Provision for Income Taxes			1,008				875				1,993				1,306
Adjustment for OMSR/Merger Expenses **			11				(33	)			(84	)			117
Adjusted Provision for Income Taxes			1,019				842				1,909				1,423
Net Income			4,497				3,852				8,793				6,010
Adjustment for OMSR*/Merger Expenses			43				(126	)			(314	)			439
Adjusted Net Income			4,540				3,726				8,479				6,449
Diluted Earnings per Share			0.72				0.60				1.41				0.93
Adjustment for OMSR*/Merger Expenses			0.01				(0.02	)			(0.05	)			0.07
Adjusted Diluted Earnings per Share		$	0.73			$	0.58			$	1.36			$	0.99
Return on Average Assets			1.12	%			1.03	%			1.11	%			0.82	%
Adjustment for OMSR*/Merger Expenses			0.01	%			-0.03	%			-0.04	%			0.03	%
Adjusted Return on Average Assets			1.13	%			1.00	%			1.07	%			0.85	%

* valuation adjustment to the Company's mortgage servicing rights

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

13

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 NEWS RELEASE ISSUED BY SB FINANCIAL GROUP, INC. ON JULY 23, 2026, REPORTING FINA 488.4 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB