SB Financial Group Inc
NASDAQ:SBFG
SB Financial Group Inc
SB Financial Group, Inc. is a financial holding company, which engages in the provision of commercial banking and wealth management solutions. The company is headquartered in Defiance, Ohio and currently employs 269 full-time employees. The company went IPO on 2001-11-06. Through its direct and indirect subsidiaries, the Company is engaged in a variety of financial activities, including commercial banking, and wealth management services. The firm offers commercial banking services, including checking accounts, savings accounts, money market accounts and time certificates of deposit, automatic teller machines, commercial, consumer, agricultural and residential mortgage loans, personal and corporate trust services, Internet banking, private client group services, and other personalized banking services. The company also offers various trust and financial services, including asset management services for individuals and corporate employee benefit plans, as well as brokerage services through Cetera Investment Services, an unaffiliated company. Its subsidiaries include State Bank and Trust Company, SBFG Title, LLC, SB Captive, Inc., RFCBC, Inc., Rurbanc Data Services, Inc. and Rurban Statutory Trust II.
SB Financial Group, Inc. is a financial holding company, which engages in the provision of commercial banking and wealth management solutions. The company is headquartered in Defiance, Ohio and currently employs 269 full-time employees. The company went IPO on 2001-11-06. Through its direct and indirect subsidiaries, the Company is engaged in a variety of financial activities, including commercial banking, and wealth management services. The firm offers commercial banking services, including checking accounts, savings accounts, money market accounts and time certificates of deposit, automatic teller machines, commercial, consumer, agricultural and residential mortgage loans, personal and corporate trust services, Internet banking, private client group services, and other personalized banking services. The company also offers various trust and financial services, including asset management services for individuals and corporate employee benefit plans, as well as brokerage services through Cetera Investment Services, an unaffiliated company. Its subsidiaries include State Bank and Trust Company, SBFG Title, LLC, SB Captive, Inc., RFCBC, Inc., Rurbanc Data Services, Inc. and Rurban Statutory Trust II.
Strong Earnings: SB Financial reported net income of $3.9 million and diluted EPS of $0.63 for Q4, up 15% from the prior year quarter, with full-year EPS of $2.19—its second highest in 20 years, up 27% year-over-year.
Revenue Growth: Net interest income rose 17% year-over-year to $12.7 million in Q4 and 21% for the year to $48.4 million, driven evenly by a larger balance sheet and widening margins.
Loan & Deposit Expansion: Loans grew for 7 consecutive quarters, up 12.8% year-over-year, while deposits increased 13%, aided in part by the Marblehead acquisition.
Margin Outlook: Net interest margin stood at 3.51% and is expected to trend down 5–7 bps in 2026 due to funding cost pressures, though asset repricing will partly offset this.
Expense Control: Operating expenses declined 2.3% sequentially and are expected to rise 3.5%–4% in 2026, with continued focus on positive operating leverage.
Asset Quality: Credit metrics remain strong with nonperforming loans at 0.39% of total loans, allowance for credit losses at 1.36%, and continued improvement expected in 2026.
Dividend Growth: The dividend was announced at $0.155 per share, marking the 13th consecutive annual increase.
Mortgage Outlook: Mortgage originations were $72.4 million in Q4; 2026 mortgage production is expected to see low- to mid-single digit growth, with capacity in place for higher volumes if market conditions improve.
