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SB Financial Group, Inc.

SB Financial Group, Inc.

NASDAQ•SBFG
CEO: Mr. Mark A. Klein
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1999-01-04
SB Financial Group, Inc. operates as the financial holding company for the State Bank and Trust Company that provides a range of commercial banking and wealth management services to individual and corporate customers primarily in Ohio, Indiana, and Michigan. It offers checking, savings, money market accounts, as well as time certificates of deposit; and commercial, consumer, agricultural, and residential mortgage loans. The company also provides automatic teller machine, personal and corporate trust, commercial leasing, bank credit card, safe deposit box rental, internet banking, private client group, and other personalized banking products and services; and various trust and financial services comprising asset management services for individuals and corporate employee benefit plans, as well as brokerage services. In addition, it sells insurance products to retail and commercial customers. The company was formerly known as Rurban Financial Corp. and changed its name to SB Financial Group, Inc. in April 2013. SB Financial Group, Inc. was founded in 1902 and is based in Defiance, Ohio.
Contact Information
401 Clinton Street, P O Box 467, Defiance, OH, 43512, United States
419-783-8950
ir.yourstatebank.com/corporate-profile/default.aspx
Market Cap
$143.23M
P/E (TTM)
10.5
14.8
Dividend Yield
2.6%
52W High
$24.48
52W Low
$17.10
52W Range
76%
Rank43Top 38.2%
4.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$23.05M+11.52%
4-Quarter Trend

EPS

$0.64+82.86%
4-Quarter Trend

FCF

$12.24M+278.65%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Net Income Rises Net income reached $10.06M for nine months 2025, marking a strong 28.3% increase over the prior year period.
Net Interest Margin Expansion NIM improved significantly to 3.44% for 9M 2025, driven by higher earning asset yields, up 22 basis points YoY.
Asset Base Growth Post-Acquisition Total assets grew $116.7M since year-end to $1.50B, incorporating results from the January 2025 Marblehead acquisition.
Strong Loan Portfolio Quality Asset quality remains strong; non-performing assets ratio decreased to 0.32% of total assets as of September 30, 2025.

Risk Factors

Credit Loss Estimation Subjectivity ACL determination relies on subjective forecasts (PD, LGD); actual results differing could require future adverse provisions.
Interest Rate Movement Exposure Primary market risk is interest rate risk; adverse rate changes could compress margins or negatively affect asset quality.
Operational and Cyber Security Risks Significant risk exposure exists from potential failures or breaches in internal/third-party computer systems and cyber-attacks.
Regulatory Compliance Uncertainty Uncertainty exists regarding legislative changes affecting banking oversight, capital standards, and compliance costs.

Outlook

Marblehead Acquisition Synergies Expect transaction to result in business synergies and economies of scale, expanding Northwest Ohio presence profitably.
Capital Position Maintained State Bank remains "well capitalized" as of September 30, 2025, meeting all regulatory requirements without reliance on AOCI adjustments.
Funding and Liquidity Strategy Liquidity is centrally managed; adequate resources expected, with FHLB advances available for funding needs.
Ongoing Credit Monitoring Management continuously evaluates loan portfolio risk based on economic forecasts and specific borrower conditions for ACL adequacy.

Peer Comparison

Revenue (TTM)

First Guaranty Bancshares, Inc.FGBI
$180.76M
-23.8%
Eagle Bancorp Montana, Inc.EBMT
$124.37M
+4.1%
SB Financial Group, Inc.SBFG
$89.45M
+11.0%

Gross Margin (Latest Quarter)

First Guaranty Bancshares, Inc.FGBI
100.0%
+64.5pp
Sound Financial Bancorp, Inc.SFBC
0.0%
+0.0pp
SB Financial Group, Inc.SBFG
0.0%
+0.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FCAP$190.64M12.98.4%0.0%
PNBK$169.13M-2.5-35.9%0.0%
EBMT$148.15M10.77.5%6.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.5%
Moderate Growth
4Q Net Income CAGR
3.6%
Profitability Slowly Improving
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Jan 22, 2026
|
EPS:$0.64
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $23.05M+11.5%
    |
    EPS: $0.64+82.9%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $23.52M+17.3%
    |
    EPS: $0.60+30.4%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $21.48M+11.6%
    |
    EPS: $0.33-5.7%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 7, 2025|
    Revenue: $81.37M+7.2%
    |
    EPS: $1.72-2.8%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $20.67M+9.0%
    |
    EPS: $0.35-12.5%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $20.04M+6.8%
    |
    EPS: $0.46+2.2%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $19.25M+10.1%
    |
    EPS: $0.35+0.0%
    Beat

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 8, 2024|
    Revenue: $75.87M+20.8%
    |
    EPS: $1.77-1.1%
    Beat