Welcome to our dedicated page for SB Financial Group news (Ticker: SBFG), a resource for investors and traders seeking the latest updates and insights on SB Financial Group stock.
SB Financial Group, Inc. (SBFG) is a renowned holding company that operates through two primary subsidiaries: State Bank and RDSI/DCM. Founded in 1902 as The State Bank and Trust Company of Defiance by Elbert E. Carter, the company has grown into one of northwest Ohio鈥檚 leading financial institutions. With a rich history of stability and community leadership, State Bank was one of the few financial institutions to remain open during the Great Depression, playing a crucial role in the Defiance community's economic resilience.
Today, SB Financial Group continues to uphold its legacy of integrity and leadership within the banking sector. The company offers a comprehensive range of financial services tailored to meet the needs of both consumers and small businesses. These services include commercial and agricultural lending, mortgage banking, wealth management, and trust services. The bank accepts various types of deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and certificates of deposit. Revenue is primarily generated through interest income.
With 17 professional community banking centers and four loan production offices, SB Financial Group prides itself on delivering proactive and innovative financial solutions. Its commitment to service is demonstrated by its employees' passion for supporting their local communities.
In recent achievements, SB Financial Group was ranked #163 by American Banker Magazine in May 2023, based on a three-year average return on equity. This recognition underscores the company's robust financial performance and strategic growth initiatives.
The company鈥檚 financial condition remains strong, with recent highlights indicating solid performance across various metrics. For instance, the second quarter of 2023 showcased significant growth compared to the previous year, with notable improvements in consolidated revenue, mortgage loan business, and noninterest income and expenses. SB Financial Group continues to maintain high asset quality and a robust balance sheet, ensuring long-term stability and growth.
For more detailed financial data and updates, SB Financial Group regularly hosts webcasts and conference calls to discuss quarterly and annual results, providing transparency and insights to investors.
For investor inquiries, you can contact:
- Mark A. Klein - Chairman, President, and Chief Executive Officer - 419-783-8920
- Anthony V. Cosentino - Executive Vice President and Chief Financial Officer - 419-785-3663
SB Financial Group reported a net income of $2.8 million for Q2 2022, down 24.6% year-over-year, with a diluted EPS of $0.40, reflecting a 23.1% decrease. The company noted significant challenges in mortgage origination, totaling $95.5 million, a decline of 42.1%. For the first half of 2022, net income was $5.6 million, or $0.79 per share, a 47% drop from the previous year. Despite a 9.7% increase in loans, total operating revenue fell by 9.1%, driven by a 28.5% drop in noninterest income.
SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company, will release its second quarter 2022 financial results on July 25, 2022, after market close. A conference call will follow on July 26, 2022, at 11:00 a.m. EDT. This call can be accessed at or by dialing 888-338-9469.
SBFG is recognized for its strong performance, being named to the Bank Honor Roll by Keefe, Bruyette & Woods for consistent earnings growth over the last decade.
SB Financial Group, Inc. (NASDAQ: SBFG) has been recognized for the second consecutive year on the 2022 Keefe, Bruyette & Woods 'Bank Honor Roll', highlighting 17 top-performing banks out of 5% screened. This accolade signifies SB Financial's robust performance, consistently increasing earnings per share over the last decade. The company's diversified services include community banking, mortgage banking, and wealth management, serving clients across Ohio and Indiana. The recognition emphasizes SB Financial's commitment to delivering exceptional results for its stakeholders.
SB Financial Group reported a net income of $2.8 million for Q1 2022, a 60.3% decline year-over-year. Diluted EPS fell 58.8% to $0.40. Adjusted net income dropped 57.3% to $2.1 million, with mortgage origination volume decreasing by 37.5% to $97.4 million. Overall operating revenue decreased 30.5% to $14.3 million, primarily due to lower mortgage activity. Deposits rose 1.6% to $1.14 billion, while total assets increased 0.7% to $1.34 billion. The company maintained asset quality, reporting a decline in nonperforming assets by 13.8% to $5.6 million.
SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company based in Defiance, Ohio, will release its first quarter 2022 financial results on April 28, 2022, after market close. A conference call is scheduled for April 29, 2022, at 11:00 a.m. EDT, accessible by dialing 888-338-9469 or via a live webcast. The company offers a variety of financial services through its State Bank and SBFG Title, LLC dba Peak Title subsidiaries. SB Financial was recently recognized in the Bank Honor Roll for consistent EPS increases over the past decade.
SB Financial Group (NASDAQ: SBFG) announced its fourth-quarter earnings for 2021, reporting a net income of $3.3 million and a diluted earnings per share (EPS) of $0.49, down 31% year-over-year. Adjusted net income, excluding a recovery from mortgage servicing, was $2.9 million with EPS of $0.42. Mortgage origination volume decreased by 25% to $126.7 million. However, the full year recorded a historic net income of $18.3 million, an increase of 30.6% compared to 2020, with total loans up by 2.3% and deposits increased by 6.1% to $1.11 billion.
SB Financial Group, Inc. (NASDAQ: SBFG) plans to announce its fourth quarter 2021 financial results on January 27, 2022, after market close. A conference call will take place on January 28 at 11:00 a.m. EDT, accessible via phone at 1-888-338-9469 or through a live webcast. SB Financial, headquartered in Defiance, Ohio, offers a wide range of financial services, including community banking and title insurance, with a presence across Ohio, Indiana, and Michigan. The firm has been recognized for EPS growth, being listed on the Bank Honor Roll by Keefe, Bruyette & Woods.
SB Financial Group reported a net income of $4.1 million for Q3 2021, showing a 21.8% decrease year-over-year, and 66.4% increase for the nine months with $14.9 million. EPS was $0.58, down 15.9% year-over-year but up 11.5% from last quarter. Mortgage origination decreased 23.8% to $152.6 million. Total deposits increased 9.6% to $1.11 billion. Nonperforming assets dropped 23.1% from the prior year. The company continues to show resilience despite challenges in mortgage banking.
SB Financial Group (NASDAQ: SBFG) will release its third quarter 2021 financial results on October 28, 2021, post-market. A conference call is scheduled for October 29 at 11:00 a.m. EDT, which can be accessed via phone at 1-888-338-9469 or through a live webcast at . The company, based in Defiance, Ohio, offers diversified financial services including banking, mortgage lending, and wealth management.
SB Financial Group (NASDAQ: SBFG) appointed Timothy L. Claxton as an independent Director effective immediately. Claxton brings over 32 years of experience in financial law, focusing on real estate, banking, and estate planning. He has served on various community boards and holds significant leadership roles. This appointment aims to enhance the company's governance as it continues to provide diversified financial services. Claxton's term will last until the 2023 annual meeting of shareholders.
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