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

$128.00M

P/E (TTM)

9.1

14.2

Dividend Yield

3.0%

52W High

$23.93

52W Low

$17.10

52W Range

47%

Rank39Top 39.1%

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: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$22.98M+7.91%

4-Quarter Trend

EPS

$0.63+12.50%

4-Quarter Trend

FCF

$5.90M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Rises 21.8% Net income reached $14.0M in 2025, driven by strong NII growth of 21.4% to $48.5M.

NIM Significantly Improves Fully Tax Equivalent Net Interest Margin expanded to 3.47% in 2025, up from 3.06% in 2024 due to balance sheet growth.

Loan and Deposit Growth Strong Total loans grew 12.8% to $1.18B by year-end 2025, supported by the Marblehead acquisition and increased lending.

Successful Marblehead Acquisition Acquired Marblehead Bank in January 2025 for $5.0M cash, expanding presence in Northwest Ohio markets.

Risk Factors

Increased Credit Loss Provision Provision for credit losses surged to $1.31M in 2025 from $0.12M in 2024, reflecting higher expected credit losses.

Capital Ratios Moderately Decline Tier 1 Common Equity ratio decreased to 11.78% in 2025 from 13.43% in 2024, despite remaining well capitalized.

Operational Risks Remain High Significant exposure exists from reliance on complex information systems and constant threat of cybersecurity incidents.

Interest Rate Risk Exposure Management actively manages interest rate risk, but adverse rate changes could compress net interest income spread further.

Outlook

Top Decile Performance Goal Strategic goal remains achieving top decile performance (>90th percentile) ROAA through diversification and operational excellence.

Continued Diversification Focus Plans emphasize increasing noninterest income streams, which grew only 0.5% in 2025, through fee-based product expansion.

Technology Investment Necessary Future success depends on ability to implement new technology to compete, despite competitors having greater investment resources.

Regulatory Compliance Costs Ongoing scrutiny regarding ESG practices and evolving federal regulations require continuous monitoring and compliance efforts.

Peer Comparison

Revenue (TTM)

FGBI

$220.51M

-9.9%

EBMT

$125.98M

+4.6%

SBFG

$91.03M

+11.9%

Gross Margin (Latest Quarter)

FCAP

76.9%

+4.2pp

EBMT

74.8%

+6.8pp

SBFG

71.7%

+3.1pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
RBKB	$170.64M	16.5	7.7%	2.3%
EBMT	$166.87M	11.0	8.1%	3.9%
FCAP	$157.79M	9.6	9.2%	0.0%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

2.3%

Moderate Growth

4Q Net Income CAGR

22.0%

Profitability Improved

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:Apr 23, 2026

EPS:$0.60

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data