SB FINANCIAL GROUP (SBFG) Company Report

SB Financial reported Q4 2025 net income of $3.9 million and diluted EPS of $0.63, contributing to a full year 2025 GAAP EPS of $2.19, which is a 27% increase over 2024 and the second highest in 20 years. Net interest income for the full year rose to $48.4 million, an increase of 21%.
The company achieved 12.8% annual loan growth in 2025 and saw total deposits improve to $1.3 billion. Asset quality remains strong with nonperforming assets totaling $4.7 million and an allowance for credit losses at 1.36% of total loans, providing 352% coverage of nonperforming assets.
Management projects mortgage production volume for 2026 to be in the $310 million to $330 million range, with potential to reach $350 million to $375 million. The Net Interest Margin (NIM), which was 3.51% in Q4 2025, is forecasted to gradually decrease by 5 to 7 basis points in 2026.
For 2026, expense growth is expected to be in the 3.5% to 4% range, with a target to drive net income up to $15 million. The company repurchased nearly 32,000 shares in Q4 2025 at an average price of just under $21, and a total of $5.5 million in shares for the full year 2025.

2 days ago

8-K

SB Financial Group Announces Fourth Quarter and Full Year 2025 Results

SBFG

Earnings

Revenue Acceleration/Inflection

M&A

SB Financial Group, Inc. reported GAAP net income of $3.9 million and diluted earnings per share (DEPS) of $0.63 for the fourth quarter of 2025, an increase from $3.6 million and $0.55 per DEPS in the prior-year quarter. For the full year 2025, net income increased to $14.0 million, up 21.8% from $11.5 million in the prior year.
Net interest income for Q4 2025 was $12.7 million, a 16.7% increase from the prior-year quarter, and rose to $48.5 million for the full year 2025, a 21.4% improvement from 2024.
The company achieved loan growth of $133.9 million (12.8%) and deposit growth of $154.6 million (13.4%) from the prior-year quarter.
Tangible book value per share ended Q4 2025 at $18.00, up 12.5% from the prior-year quarter, and nonperforming assets decreased to $4.7 million (0.30% of total assets) from $5.5 million (0.40%) in the prior year.

5 days ago

8-K

SBFG Reports Strong Q4 and Full Year 2025 Earnings with Significant Growth and Positive 2026 Outlook

SBFG

Earnings

Guidance Update

Share Buyback

Net income for Q4 2025 was $3.9 million, with diluted EPS of $0.63, representing a 15% increase over the prior year quarter. For the full year 2025, GAAP EPS reached $2.19, a 27% lift over 2024.
The company reported significant balance sheet expansion in 2025, with loan growth of $133.9 million or 12.8% year-over-year, and total deposits increasing by $155 million or 13% year-over-year.
Tangible book value per share ended Q4 2025 at $18, up 12.5% from the prior year. The company repurchased over 283,000 shares for $5.5 million in 2025 and announced a dividend of $0.155 per share.
Management expects mortgage volumes to climb by low to mid double digits in 2026 and anticipates expense growth in the 3.5%-4% range, while maintaining positive operating leverage of 1.5-2 times.
Asset quality remained strong in Q4 2025, with non-performing loans declining to 0.39% of total loans and an allowance for credit losses at 1.36%, providing 352% coverage of non-performing assets.

6 days ago

Transcript

SB Financial Reports Strong Q4 and Full Year 2025 Financial Results

SBFG

Earnings

Guidance Update

Dividends

SB Financial reported net income of $3.9 million and diluted EPS of $0.63 for Q4 2025, marking its 60th consecutive quarter of profitability. For the full year 2025, GAAP EPS was $2.19, a 27% increase over 2024, representing the second-highest per-share earnings in the last 20 years.
The company achieved significant balance sheet growth in 2025, with loans increasing by $133.9 million (12.8%) and total deposits growing by $155 million (13%) year-over-year. Tangible book value per share rose to $18, a 12.5% increase from the prior year.
For 2026, SB Financial anticipates a gradual net interest margin (NIM) decline of 5-7 basis points due to higher funding costs. However, the company expects to maintain positive operating leverage of 1.5-2 times with expense growth projected in the 3.5%-4% range.
Credit quality remains strong, with non-performing assets totaling $4.7 million and an allowance for credit losses at 1.36% of total loans, providing 352% coverage of non-performing assets as of Q4 2025. Charge-offs for the full year 2025 were only 2 basis points.
The company announced a dividend of $0.155 per share for Q4 2025, marking its thirteenth consecutive year of increasing its annual dividend payout. Additionally, SB Financial repurchased 283,000 shares for $5.5 million in 2025 at an average price of just over $19 per share.

6 days ago

Transcript

SBFG Reports Strong Q4 and Full Year 2025 Results

SBFG

Earnings

Guidance Update

Share Buyback

SBFG reported strong financial results for Q4 and full year 2025, with net income of $3.9 million and diluted EPS of $0.63 for Q4 2025, and GAAP EPS of $2.19 for the full year, marking the second-highest per-share earnings in 20 years.
The company achieved significant balance sheet growth, with year-over-year loan growth of 12.8% and deposit growth of 13%, bringing total assets to $3.6 billion. Net interest income for the full year rose 21% to $48.4 million, and recurring net interest margin revenue now represents nearly 75% of total revenue.
Asset quality remained strong, with non-performing loans declining to 0.39% of total loans and an allowance for credit losses of 1.36%, providing 352% coverage of non-performing assets. Tangible book value per share increased 12.5% year-over-year to $18.
For 2026, SBFG anticipates a gradual decline in net interest margin by 5-7 basis points due to higher funding costs, while projecting mortgage volumes to climb by low to mid double digits and expense growth to be in the 3.5%-4% range, targeting $15 million in net income. The company also repurchased nearly 32,000 shares in Q4 2025 and increased its annual dividend for the 13th consecutive year.

6 days ago

Transcript

SB Financial Group Announces Strong Fourth Quarter and Full Year 2025 Results

SBFG

Earnings

Revenue Acceleration/Inflection

SB Financial Group reported GAAP net income of $3.9 million and diluted EPS of $0.63 for the fourth quarter ended December 31, 2025, an improvement from $3.6 million and $0.55, respectively, in the prior-year quarter. For the full year 2025, net income increased to $14.0 million, up 21.8% from $11.5 million in 2024.
Net interest income for Q4 2025 rose 16.7% to $12.7 million from the prior-year quarter, contributing to a full-year net interest income of $48.5 million, a 21.4% improvement over 2024. The net interest margin increased by 16 basis points year over year to 3.5% in Q4 2025.
The company achieved significant balance sheet growth in Q4 2025, with loan growth of $133.9 million (12.8%) and deposit growth of $154.6 million (13.4%) compared to the prior-year quarter.
Tangible book value per share ended Q4 2025 at $18.00, representing a 12.5% increase from the prior-year quarter.
Asset quality improved, with nonperforming assets totaling $4.7 million, or 0.30% of total assets, a decrease from $5.5 million or 0.40% in the prior year.

6 days ago

Press Release

SB Financial Group Announces Third Quarter 2025 Results

SBFG

Earnings

Share Buyback

GAAP net income for the third quarter ended September 30, 2025, was $4.0 million, or $0.64 per diluted share (DEPS), an increase from $2.4 million, or $0.35 per DEPS, in the prior-year quarter.
Net interest income for Q3 2025 increased by 21.1 percent to $12.3 million from $10.2 million reported in the prior-year quarter.
The company achieved loan growth of $80.6 million, or 7.8 percent, from the prior-year quarter, with total loans reaching $1.11 billion as of September 30, 2025.
Total deposits increased by $103.0 million, or 8.9 percent, from the prior-year quarter, reaching $1.26 billion as of September 30, 2025.
Tangible book value per share ended the quarter at $17.21, up $0.72 per share or 4.4 percent from the prior-year quarter.

Nov 4, 2025, 9:34 PM

8-K

SB Financial Group, Inc. Reports Strong Q3 2025 Earnings and Provides Outlook

SBFG

Earnings

Share Buyback

Guidance Update

SB Financial Group, Inc. (SBFG) reported Q3 2025 adjusted diluted earnings per share of $0.68, exceeding the consensus estimate of $0.62, and net interest income of $12.3 million, marking a 21% increase from the prior year quarter.
The company achieved loan growth of 7.8% over the prior year, totaling approximately $80.6 million, and deposits grew by 9% or nearly $103 million, which included $51 million from the Marblehead integration.
Asset quality remained robust in Q3 2025, with charge-offs falling to 0 basis points and nonperforming assets totaling $4.9 million; the allowance for credit losses stood at 1.44% of total loans, providing 345% coverage of nonperforming assets.
SBFG repurchased 101,000 shares at an average price of just under $20 during Q3 2025, contributing to a 4.4% increase in tangible book value per share to $17.21.
Management projects Q4 2025 loan growth of $15 million to $20 million and $80 million to $100 million for FY 2026, with total operating expenses for Q4 2025 expected around $11.5 million.

Nov 4, 2025, 9:04 PM

8-K

SBFG Reports Strong Q3 2025 Financial Results and Strategic Expansion

SBFG

Earnings

M&A

Guidance Update

SBFG reported net income of $4 million and diluted earnings per share of $0.64 for the third quarter of 2025, representing an 83% increase compared to the prior year quarter. Net interest income totaled $12.3 million, an increase of over 21% from Q3 2024.
The company achieved loan growth of $80.6 million (7.8%) and deposit growth of $103 million (9%) over the prior year quarter, which includes $51 million in deposits from the successfully integrated Marblehead clients.
Tangible book value per share ended the quarter at $17.21, up 4.4% from the prior year. SBFG announced a dividend of $0.155 per share and repurchased 101,000 shares at an average price just under $20 during the quarter.
SBFG is expanding into the new adjacent market of Napoleon, Ohio, and Henry County, targeting $800 million in deposits. The company expects another high single-digit level of loan growth and 4% to 5% deposit growth in 2026.

Oct 31, 2025, 3:00 PM

Transcript

SBFG Reports Strong Q3 2025 Earnings, Loan and Deposit Growth, and Strategic Expansion

SBFG

Earnings

M&A

Dividends

SB Financial Group reported net income of $4 million and diluted earnings per share of $0.64 for Q3 2025, representing an 83% increase compared to the prior year quarter. Total operating revenue rose 15.9% to $16.6 million, driven by a 21% increase in net interest income to $12.3 million.
The company achieved 7.8% loan growth and 9% deposit growth over the prior year quarter, with 4.5% organic deposit growth when excluding the Marblehead acquisition. Operating expenses decreased 3% from the linked quarter, contributing to an operating leverage of 3.5 times for the quarter.
The integration of Marblehead clients was successfully completed in Q3 2025, and SBFG is expanding into the new market of Napoleon, Ohio, aiming to aggressively pursue $800 million in deposits in that area.
SBFG announced a dividend of $0.155 per share, marking its 13th consecutive year of increasing annual dividend payout. The company anticipates high single-digit loan growth for 2026 and expects its net interest margin to peak at 3.48% this quarter.