DEFIANCE, Ohio, April 04, 2025 (GLOBE NEWSWIRE) -- SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services, expects to release its first quarter 2025 financial results on Thursday, May 1, 2025, after the close of the market. The company will hold a related conference call and webcast on Friday, May 2, 2025, at 11:00 a.m. EDT. Interested parties may access the c ...

Company Operations - SB Financial Group, Inc. operates through its subsidiaries, including State Bank, which has 25 banking centers and 7 loan production offices as of December 31, 2024[16]. - At December 31, 2024, State Bank had 244 full-time equivalent employees, while SBFG Title had 8 full-time equivalent employees[16][17]. - The company dissolved four inactive subsidiaries in December 2024, indicating a strategic move to streamline operations[22]. - The Company employed approximately 252 full-time equivalent employees as of December 31, 2024, and management considers its relationship with its employees to be good[97]. - The Company has a low annualized voluntary turnover rate, attributed to its strong values-based culture and commitment to career development[96]. Financial Performance - State Bank had $24.7 million of excess earnings over the preceding three years as of December 31, 2024, which may influence future dividend declarations[37]. - Net income for the year ended December 31, 2024, was $11.47 million, a decrease from $12.10 million in 2023[210]. - The cash dividend declared per common share increased to $0.56 in 2024 from $0.52 in 2023[210]. - The Company paid quarterly dividends of $0.56 per share in 2024, up from $0.52 per share in 2023, indicating a 7.69% increase[192]. - For the twelve months ended December 31, 2024, the Company generated $17.0 million in noninterest income, accounting for 29.9% of total operating revenue, compared to $17.7 million or 31.1% in 2023[201]. Regulatory Compliance - The company is subject to the Bank Holding Company Act and must maintain a minimum common equity tier 1 capital ratio of 4.5% as per Basel III Capital Rules[45]. - The Federal Reserve Board requires all depository institutions to maintain reserves at specified levels, with the reserve requirement ratio at 0% as of December 31, 2024[34]. - The company must obtain prior approval from the Federal Reserve Board for significant acquisitions or mergers, ensuring regulatory compliance[28]. - The Company is subject to the jurisdiction of the SEC and NASDAQ regulations, ensuring compliance with corporate governance and reporting requirements[67][68]. - The Company continues to qualify under the Small Bank Holding Company Policy Statement for exemption from the FRB's consolidated risk-based capital and leverage rules at the holding company level[57]. Market and Competition - The company faces significant competition in attracting depositors and borrowers, primarily from other commercial banks and financial technology companies[23][24]. - Recent bank failures, including Silicon Valley Bank and Signature Bank, have created panic and uncertainty in the investor community, potentially affecting customer confidence and liquidity sources[127]. - The company faces strong competition in attracting deposits and originating loans, which may require adjustments to interest rates that could adversely affect net interest margins[144]. Risk Management - The Company is exposed to operational risks, including cybersecurity risks and potential disruptions in communications and information systems[123]. - Cybersecurity threats remain a significant concern, with potential breaches leading to reputational damage, loss of customer business, and increased regulatory scrutiny[138]. - The reliance on third-party service providers poses risks related to cybersecurity and operational disruptions, which could adversely affect the company's operations[140]. - The Company has not detected significant data loss or material financial losses related to cybersecurity attacks, but acknowledges ongoing threats[89]. - The Company’s risk management program includes regular assessments conducted by third-party experts and internal audits[178]. Economic Conditions - The company’s success depends significantly on local and national economic conditions, particularly in Northwest and Central Ohio, where a significant portion of lending relates to real estate[104]. - The company’s financial condition may be adversely impacted by increased delinquencies and credit losses if real estate markets or the economy deteriorate[115]. - The company may experience significant credit losses if actual credit losses exceed the ACL, which could adversely affect operating results[111]. Capital and Assets - As of December 31, 2024, State Bank was in compliance with all regulatory capital requirements and met the standards for the highest capital category, a "well-capitalized" bank[55][56]. - Total assets increased by $121.7 million, or 9.7%, over the last five years, with loans growing by $174.0 million or 19.9% and deposits by $103.6 million or 9.9%[207]. - The Company reported total deposits of $1,152,605 thousand as of December 31, 2024[182]. - As of December 31, 2024, total nonperforming assets were $5.5 million, or 0.40% of total assets, up from $3.3 million or 0.25% in 2023[206]. Strategic Initiatives - The company completed the acquisition of Marblehead Bancorp, Inc. and its banking subsidiary, The Marblehead Bank, on January 17, 2025[121]. - The Company established a presence in Ottawa County with the acquisition of The Marblehead Bank on January 17, 2025[202][208]. - The Company has expanded its operational footprint by opening three branch offices and acquiring two full-service title agencies in the past five years[208]. Environmental and Social Governance - The company may face increasing scrutiny regarding its environmental, social, and governance practices, which could impact its reputation and operational costs[170]. - Environmental liability risks are associated with lending activities, particularly when foreclosing on properties that may contain hazardous substances, potentially leading to significant remediation costs[147]. Shareholder Information - The Company’s common shares are traded on the NASDAQ Capital Market under the symbol "SBFG," with 6,493,526 shares outstanding as of December 31, 2024[191]. - A limited trading market for the company's common shares may lead to price volatility, affecting shareholders' ability to sell shares at desired prices[160]. - The market price of the company's common shares may fluctuate significantly due to changes in market sentiment and external economic factors[162].

Company Overview - SB Financial Group, Inc. (SBFG) is headquartered in Defiance and has experienced a price change of -2.2% this year [3] - The company currently pays a dividend of $0.14 per share, resulting in a dividend yield of 2.84%, which is higher than the Banks - Northeast industry's yield of 2.58% and the S&P 500's yield of 1.57% [3] Dividend Performance - The current annualized dividend of $0.58 represents a 3.6% increase from the previous year [4] - Over the past five years, SBFG has increased its dividend five times, achieving an average annual increase of 10.39% [4] - The company's current payout ratio is 34%, indicating that it pays out 34% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - Earnings growth for SBFG appears solid, with the Zacks Consensus Estimate for 2025 projected at $2 per share, reflecting a year-over-year growth rate of 16.96% [5] Investment Appeal - SBFG is considered an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 1 (Strong Buy) [7]

Core Viewpoint - SB Financial Group, Inc. (SBFG) has experienced a decline of 10.8% over the past week, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - The hammer chart pattern indicates a minor difference between opening and closing prices, with a long lower wick, suggesting that the stock may have found support after a downtrend [3][4]. - This pattern signals that bears might be losing control, and the success of bulls in preventing further price declines indicates a potential trend reversal [4]. Fundamental Analysis - Recent upward revisions in earnings estimates for SBFG serve as a bullish indicator, correlating strongly with near-term stock price movements [6]. - Over the last 30 days, the consensus EPS estimate for the current year has increased by 12.4%, indicating that analysts expect better earnings than previously predicted [7]. - SBFG holds a Zacks Rank of 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [8].

Company Overview - SB Financial Group, Inc. (SBFG) is headquartered in Defiance and operates in the Finance sector [3] - The stock has experienced a price change of 12% since the beginning of the year [3] Dividend Information - SBFG currently pays a dividend of $0.14 per share, resulting in a dividend yield of 2.48% [3] - The average annual increase in dividends over the last 5 years is 10.39%, with the current annualized dividend of $0.58 reflecting a 3.6% increase from the previous year [4] - The company's payout ratio is 34%, indicating that it paid out 34% of its trailing 12-month EPS as dividends [4] Earnings Growth Expectations - For the fiscal year 2025, the Zacks Consensus Estimate for SBFG is $2 per share, which represents a year-over-year growth rate of 16.96% [5] Investment Appeal - SBFG is considered a compelling investment opportunity due to its attractive dividend and strong Zacks Rank of 1 (Strong Buy) [7] - The company is positioned well in the context of income investing, as dividends significantly contribute to long-term returns [2][6]

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- ...

Financial Performance - Operating revenue for Q4 2024 was $15.5 million, a 2.2% increase from $15.1 million in Q4 2023[5] - Net income for Q4 2024 was $3.6 million, down 6.4% from $3.9 million in Q4 2023, with diluted EPS at $0.55[6] - Noninterest income for Q4 2024 was $4.6 million, a 17.6% decline from $5.5 million in Q4 2023[9] - Net income for December 2024 was $3,635 thousand, representing a 54.3% increase compared to $2,354 thousand in September 2024[36] - Basic earnings per common share rose to $0.55 in December 2024, up from $0.35 in September 2024, an increase of 57.1%[36] - Net income for 2024 was $11,470 million, down from $12,094 million in 2023, showing a decline of 5.2%[44] - Diluted earnings per share decreased to $1.72 in 2024 from $1.75 in 2023, a reduction of 1.7%[44] Revenue and Income Sources - Interest income rose to $16.8 million, an 11.4% increase from $15.1 million in the prior year[6] - Noninterest income totaled $4,557 thousand in December 2024, an increase of 10.6% from $4,123 thousand in September 2024[35] - Net interest income increased to $10,897 thousand in December 2024, up 7.0% from $10,186 thousand in September 2024[35] - Net interest income for Q4 2024 was $10,897,000, an increase of 6.98% from $10,186,000 in Q3 2024[39] - Adjusted total operating revenue for 2024 was $56,897 million, slightly down from $57,045 million in 2023, indicating a decrease of 0.3%[44] Asset and Liability Management - Total assets reached $1.38 billion, driven by a $46.5 million or 4.7% increase in the loan portfolio[18] - Total assets decreased to $1,379,517 thousand in December 2024 from $1,393,949 thousand in September 2024, a decline of 1.0%[33] - Total liabilities decreased to $1,252,009 thousand in December 2024 from $1,261,108 thousand in September 2024, a decline of 0.7%[33] - Total assets increased to $1,361,274 million in 2024 from $1,334,644 million in 2023, representing a growth of 2.0%[43] Deposits and Loans - Total deposits increased by $82.4 million, or 7.7%, to $1.15 billion year-over-year[19] - Total deposits reached $1,152.6 million, with a growth of $82.4 million or 7.7% compared to the previous year[22] - Total deposits slightly decreased to $1,152,605 thousand in December 2024 from $1,159,533 thousand in September 2024, a decrease of 0.3%[33] - Loan balances increased by $46.5 million year-over-year, achieving a total of $1,046.7 million, reflecting a growth rate of 4.7%[22] - Total loans rose to $1,040,580 million, up from $992,337 million, representing an increase of about 4.9%[42] Shareholder Value and Equity - Shareholders' equity ended the year at $127.5 million, reflecting a $3.2 million increase from the prior year[19] - SB Financial repurchased 130,465 shares in Q4 2024, demonstrating commitment to shareholder value through buybacks and dividends[21] - Tangible book value per share increased by $1.02, or 6.8%, to $16.00 from the prior year[6] - Market price per common share was $20.91, reflecting an increase from $20.56 in the previous quarter[39] - The tangible equity ratio was reported at 7.66%, reflecting a strong equity position relative to tangible assets[40] Asset Quality and Risk Management - Nonperforming assets totaled $5.5 million, representing 0.40% of total assets, an increase from 0.25% the previous year[23] - The allowance for credit losses was 1.44% of total loans, providing 273.7% coverage of nonperforming loans, indicating a conservative risk management approach[24] - Nonperforming commercial and agricultural loans increased by 291.3% year-over-year, totaling $2.9 million[26] - The net loan charge-offs to average loans ratio remained low at 7 basis points for the quarter and 2 basis points for the full year[24] - The allowance for credit loss to nonperforming loans ratio stood at 273.68%, reflecting strong coverage for potential loan losses[40] Efficiency and Performance Ratios - The efficiency ratio improved to 71.09% in Q4 2024 from 76.78% in the linked quarter[17] - Return on average assets (ROAA) improved to 1.04% in Q4 2024, compared to 0.68% in Q3 2024[39] - Return on average equity (ROE) increased to 11.13% in Q4 2024, up from 7.32% in Q3 2024[39] - The common equity tier 1 ratio (Bank) was reported at 13.43%, indicating a solid capital position[40] - The net loan charge-offs to average loans ratio was 0.07%, indicating low levels of loan defaults[40] Future Outlook - The company plans to hold its Q4 2024 earnings conference call on January 24, 2025[27]

Financial Data and Key Metrics - 2024 was a year of expansion and resilience for the company, indicating positive financial performance [6] Business Line Data and Key Metrics - No specific data provided in the content regarding individual business lines or their performance metrics Market Data and Key Metrics - No specific data provided in the content regarding market performance or key metrics by region or segment Company Strategy and Industry Competition - The company emphasized 2024 as a year of expansion, suggesting a strategic focus on growth and resilience [6] Management Commentary on Operating Environment and Future Outlook - Management highlighted the resilience and expansion in 2024, indicating a positive outlook for the company's future [6] Other Important Information - The conference call contained forward-looking information, with cautionary statements and reconciliations of non-GAAP financial measures available in the earnings release materials and SEC filings [4] - The call was broadcast live and archived on the company's website, with materials available for reference [3] Q&A Session Summary - No Q&A session details were provided in the content

Group 1: Earnings Performance - SB Financial Group, Inc. reported quarterly earnings of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.41 per share, but down from $0.57 per share a year ago, representing an earnings surprise of 26.83% [1] - The company posted revenues of $15.45 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.58%, compared to year-ago revenues of $15.12 million [2] - Over the last four quarters, SB Financial Group has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - SB Financial Group shares have declined approximately 1.9% since the beginning of the year, while the S&P 500 has gained 3.5% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $14.7 million, and for the current fiscal year, it is $1.78 on revenues of $62.4 million [7] Group 3: Industry Context - The Zacks Industry Rank indicates that the Banks - Northeast sector is currently in the top 20% of over 250 Zacks industries, suggesting a favorable environment for stocks in this category [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]

DEFIANCE, Ohio, Jan. 23, 2025 (GLOBE NEWSWIRE) -- SB Financial Group, Inc. (NASDAQ: SBFG) (“SB Financial” or the “Company”), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services today reported earnings for the fourth quarter ended December 31, 2024. Fourth Quarter 2024 Highlights compared to the fourth quarter of the prior year: Net income of $3.6 million, which is down 6.4 percent with Diluted Ea ...