Net interest income for the quarter totaled $12.7 million, up nearly 17% from $10.9 million in the fourth quarter of 2024. From the prior quarter, net interest income increased 3.1%. For the full year, net interest income rose to $48.4 million, up $8.5 million, or 21%, with management attributing the increase roughly evenly to a larger balance sheet and wider margins.For the full year, Klein said GAAP EPS was $2.19, which he described as the second-highest per-share earnings performance in the last 20 years ...

Financial Performance - GAAP net income for Q4 2025 was $3.9 million, a 7.8% increase from the prior year, with diluted earnings per share (DEPS) of $0.63, up 14.5%[6] - Net income for the full year 2025 was $14.0 million, representing a 21.8% improvement from $11.5 million in 2024[5] - Net income for the three months ended December 2025 was $3,918 thousand, slightly down from $4,046 thousand in September 2025, a decrease of 3.2%[30] - Adjusted net income for the twelve months ended December 31, 2025, was $14,776 thousand, up from $11,437 thousand in 2024, indicating a growth of 29.5%[38] - The diluted earnings per share for the twelve months ended December 31, 2025, was $2.19, compared to $1.72 in 2024, representing a year-over-year increase of 27.3%[38] Revenue and Income Sources - Net interest income for Q4 2025 reached $12.7 million, a 16.7% increase from $10.9 million in Q4 2024[5] - Noninterest income for Q4 2025 totaled $3.7 million, a decrease of 18.6% from the prior year, primarily due to lower mortgage loan servicing fees[11] - Total operating revenue for Q4 2025 was $16.4 million, a 6.3% increase from $15.5 million in Q4 2024[8] - Total operating revenue for the twelve months ended December 2025 was $65,560,000, up from $56,939,000 in the previous year[33] Asset and Loan Growth - Total loans increased by $133.9 million, or 12.8%, year-over-year, marking the seventh consecutive quarter of loan growth[5] - Loan balances reached $1,180.6 million, reflecting a growth of $133.9 million, or 12.8 percent, compared to the previous year[17] - Total assets increased to $1,545,367 thousand in December 2025, up from $1,496,263 thousand in September 2025, representing a growth of 3.7%[28] - Total assets increased to $1,536,215 thousand as of December 31, 2025, up from $1,395,473 thousand in 2024, representing a growth of 10.1%[36] Deposit Growth - Deposit growth was $154.6 million, or 13.4%, year-over-year, with total deposits reaching $1.31 billion[7] - Total deposits increased to $1.31 billion, growing $154.6 million, or 13.4 percent, year over year[14] - Total deposits rose to $1,307,244 thousand in December 2025, compared to $1,262,522 thousand in September 2025, marking an increase of 3.5%[28] Expense Management - Noninterest expense for Q4 2025 was $11.2 million, an increase of 2.1% from the prior year, driven by higher occupancy costs and taxes[12] - Total noninterest expense for the three months ended December 2025 was $11,239 thousand, a slight decrease from $11,498 thousand in September 2025, reflecting a reduction of 2.3%[30] - Total operating expense for the three months ended December 31, 2025, was $11,239 thousand, slightly up from $11,003 thousand in 2024, indicating a modest increase of 2.1%[38] Asset Quality - Nonperforming assets totaled $4.7 million, representing 0.30 percent of total assets, a decrease from 0.40 percent in the prior year[19] - Total nonperforming assets decreased by $833,000 from the prior year, indicating improved asset quality management[21] - The allowance for credit losses was 1.36 percent of total loans, providing coverage of 351.9 percent of nonperforming loans[20] - Nonperforming loans to total loans ratio was 0.39%, consistent with the previous quarter, indicating stable asset quality[34] Capital and Equity - Shareholders' equity totaled $141.2 million, an increase of $13.7 million from the prior year, or $3.01 per share[14] - The common equity tier 1 ratio was reported at 11.78%, down from 12.48%, reflecting a decrease in capital adequacy[34] - Market capitalization increased to $138,883 million, up from $120,907 million, indicating a positive market perception[34] Future Outlook - The Company remains focused on prudent organic growth and disciplined expense management to support sustainable performance[16] - The Company will hold the fourth quarter 2025 earnings conference call on January 30, 2026[22]

Financial Data and Key Metrics Changes - Net income for the fourth quarter was $3.9 million, with diluted EPS of $0.63, up $0.08 or approximately 15% year-over-year [4] - For the full year, GAAP EPS was $2.19, a 27% increase from $1.72 in 2024, marking the second-highest per-share earnings performance in the last 20 years [4] - Tangible book value per share increased to $18, up from $16 last year, representing a 12.5% increase [5] Business Line Data and Key Metrics Changes - Net interest income for the quarter totaled $12.7 million, a nearly 17% increase from $10.9 million in Q4 2024 [5] - Loan growth for the quarter was $70 million, an annualized increase of 25%, with year-over-year growth of $133.9 million or 12.8% [6] - Non-interest income decreased by 18.6% year-over-year to $3.7 million, primarily due to decreased mortgage servicing rates [12] Market Data and Key Metrics Changes - Total deposits increased by $45 million or 14% on an annualized basis in the quarter, with year-over-year growth of nearly $155 million or 13% [7] - Mortgage originations for the quarter were $72.4 million, down from the prior year but up compared to the linked quarter [9] - The company held approximately $50 million in excess liquidity and had access to $160 million in outstanding debt capacity [8] Company Strategy and Development Direction - The company aims to support prudent growth and long-term value creation through a well-capitalized balance sheet and diversified business lines [4] - Strategic initiatives focus on growing and diversifying revenue, operational excellence, and maintaining asset quality [10] - The Marblehead acquisition has transitioned from integration to execution, providing a foundation for organic growth [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the loan pipeline and the stability of the core deposit base, which supports performance improvement [30] - The company anticipates a gradual decrease in net interest margin in 2026 due to higher funding costs [38] - Management expects to maintain a positive operating leverage of 1.5-2 times in 2026, with a focus on expense control [55] Other Important Information - The company announced a dividend of $0.155 per share, marking the thirteenth consecutive year of increasing annual dividend payouts [30] - Total assets reached $3.6 billion, with a diversified asset base providing revenue diversification [8] Q&A Session Summary Question: Can you comment on margin and outlook? - Management noted that deposit pricing is a concern due to competitive pressures, forecasting a gradual decrease in net interest margin in 2026 [38] Question: What is the outlook for mortgage production? - Management expects low to mid single-digit growth in mortgage production for 2026, with potential for higher volumes if additional lenders are added [50][51] Question: How do you view expense growth for 2026? - Management anticipates expense growth to be maintained in the 3.5%-4% range, with a focus on improving operating leverage [54][56] Question: What is the current state of credit quality? - Management expects continued improvement in credit quality as existing credits are resolved, maintaining a robust internal loan review process [66]

Financial Data and Key Metrics Changes - Net income for Q4 2025 was $3.9 million, with diluted EPS of $0.63, up $0.08 or approximately 15% year-over-year [4] - For the full year, GAAP EPS was $2.19, a 27% increase over 2024 EPS of $1.72 [4] - Tangible book value per share increased to $18, up from $16 last year, representing a 12.5% increase [5] - Net interest income for Q4 totaled $12.7 million, a nearly 17% increase from $10.9 million in Q4 2024 [5] Business Line Data and Key Metrics Changes - Loan growth for Q4 was $70 million, a 25% annualized increase, with year-over-year growth of $133.9 million or 12.8% [6] - Total deposits increased by $45 million in Q4, a 14% annualized increase, and year-over-year deposit growth was nearly $155 million or 13% [7] - Non-interest income decreased by 18.6% year-over-year to $3.7 million, primarily due to decreased mortgage servicing rates [12] Market Data and Key Metrics Changes - Mortgage originations for Q4 were $72.4 million, down from the prior year but up compared to the linked quarter [9] - The company achieved a loan-to-deposit ratio of 90.3%, which remains within the targeted operating range of 90%-95% [26] Company Strategy and Development Direction - The company aims to leverage its well-capitalized balance sheet and diversified business lines to support prudent growth and long-term value creation [4] - Strategic initiatives focus on growing and diversifying revenue, enhancing operational efficiency, and maintaining asset quality [10] - The Marblehead acquisition has transitioned from integration to execution, providing a foundation for organic growth [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the loan pipeline and the stability of the core deposit base, which supports performance improvement [29] - The company anticipates a gradual decline in net interest margin (NIM) in 2026 due to higher funding costs [38] - Management expects to maintain a positive operating leverage of 1.5-2 times in 2026, despite anticipated expense growth of 3.5%-4% [54] Other Important Information - The company announced a dividend of $0.155 per share, marking the thirteenth consecutive year of increasing annual dividend payouts [29] - The allowance for credit losses remained robust at 1.36% of total loans, providing 352% coverage of non-performing assets [19] Q&A Session Summary Question: Can you elaborate on margin and outlook? - Management noted that deposit pricing is a concern due to competitive pressures, forecasting a gradual decline in NIM by 5-7 basis points in 2026 [38] Question: What is the outlook for mortgage production growth? - Management anticipates low to mid single-digit growth in mortgage production for 2026, with potential to reach $310-$375 million depending on staffing and market conditions [50][51] Question: How do you view expense growth for 2026? - Management expects expense growth to be maintained at 3.5%-4%, with a focus on improving operating leverage [54]

分组1 - SB Financial Group, Inc. (SBFG) reported quarterly earnings of $0.65 per share, exceeding the Zacks Consensus Estimate of $0.64 per share, and up from $0.52 per share a year ago, representing an earnings surprise of +1.56% [1] - The company posted revenues of $16.42 million for the quarter ended December 2025, which missed the Zacks Consensus Estimate by 2.84%, compared to year-ago revenues of $15.45 million [2] - SB Financial Group has surpassed consensus EPS estimates four times over the last four quarters and topped consensus revenue estimates two times during the same period [2] 分组2 - The stock has underperformed the market, losing about 2.4% since the beginning of the year, while the S&P 500 has gained 1.9% [3] - The current consensus EPS estimate for the coming quarter is $0.57 on revenues of $16.6 million, and for the current fiscal year, it is $2.45 on revenues of $68.9 million [7] - The Zacks Industry Rank for Banks - Northeast is currently in the top 23% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Core Insights - SB Financial Group, Inc. reported a net income of $3.9 million for Q4 2025, marking a 7.8% increase year-over-year, with diluted earnings per share (DEPS) of $0.63, up 14.5% from the previous year [5][6][19] - The company achieved a total operating revenue of $16.4 million in Q4 2025, a 6.3% increase compared to Q4 2024, driven by higher net interest income [6][19] - For the full year 2025, net income reached $14.0 million, a 21.8% increase from $11.5 million in 2024, with adjusted DEPS of $2.31, up 35.1% [5][6][19] Financial Performance - Operating revenue for the twelve months ended December 31, 2025, was $65.6 million, a 15.1% increase from $56.9 million in 2024 [3] - Net interest income for Q4 2025 was $12.7 million, a 16.7% increase from $10.9 million in Q4 2024, driven by strong loan growth and rising loan yields [4][6] - Total loans increased by $133.9 million, or 12.8%, year-over-year, reaching $1.18 billion [12][16] Asset and Deposit Growth - Total deposits grew to $1.31 billion, an increase of $154.6 million, or 13.4%, year-over-year, supported by stable core deposit relationships [4][13] - The company reported a loan-to-deposit ratio of 90.3% and a loan-to-asset ratio of 76% as of December 31, 2025 [12] Noninterest Income and Expenses - Noninterest income for Q4 2025 totaled $3.7 million, a decrease of 18.6% from the prior year, primarily due to lower mortgage loan servicing fees [9][10] - Noninterest expense increased by 2.1% to $11.2 million, driven by higher occupancy costs and state taxes, while the efficiency ratio improved to 68.1% [11][19] Asset Quality - Nonperforming assets totaled $4.7 million, representing 0.30% of total assets, a decrease from 0.40% in the prior year [19][20] - The allowance for credit losses was 1.36% of total loans, providing coverage of 351.9% of nonperforming loans, indicating strong credit risk management [20][21]

Core Viewpoint - SB Financial Group, Inc. is set to release its fourth quarter and full year 2025 financial results on January 29, 2026, with a conference call scheduled for January 30, 2026 [1] Company Overview - SB Financial Group is a diversified financial services holding company based in Defiance, Ohio, operating through State Bank & Trust Company and SBFG Title, LLC [3] - The company offers a comprehensive range of financial services including community banking, mortgage banking, wealth management, private client services, and title insurance [3] - State Bank operates 27 offices across 11 Ohio counties and Northeast Indiana, along with 27 ATMs and four loan production offices [3] - SB Financial's common stock is traded on the NASDAQ Capital Market under the ticker symbol "SBFG" [3] Conference Call Details - Interested parties can access the conference call by dialing 888-338-9469 and requesting the "SB Financial Group Conference Call" [2] - The conference call will also be available via live webcast at ir.yourstatebank.com, with an audio replay accessible on the company's website [2] Investor Contact Information - Mark A. Klein serves as Chairman, President, and CEO, and can be reached at 419-783-8920 [4] - Anthony V. Cosentino is the Executive Vice President and CFO, available at 419-785-3663 [4]

Core Viewpoint - SB Financial Group, Inc. (SBFG) has received a Zacks Rank 1 (Strong Buy) upgrade due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with near-term stock price movements [4][6]. - Rising earnings estimates for SB Financial Group indicate an improvement in the company's underlying business, likely leading to an increase in stock price [5][10]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions [9][10]. Earnings Estimate Revisions for SB Financial Group - For the fiscal year ending December 2025, SB Financial Group is expected to earn $2.35 per share, unchanged from the previous year, but the Zacks Consensus Estimate has increased by 5.4% over the past three months [8].

Core Viewpoint - SB Financial Group, Inc. announced a transition in its Board of Directors, highlighting the retirement of Rita A. Kissner and the appointment of Sue A. Strausbaugh [1][2][3]. Group 1: Board Transition - Rita A. Kissner retired from the Board after over 21 years of service and was named Director Emeritus in recognition of her contributions [2][3]. - Sue A. Strausbaugh was appointed to the Board, effective December 17, 2025, bringing over 13 years of experience on the Defiance Advisory Board [2][3]. Group 2: Leadership Comments - Mark Klein, Chairman and CEO, expressed gratitude for Ms. Kissner's dedicated service and leadership, emphasizing her role in navigating strategic priorities and governance [3]. - Klein also welcomed Sue Strausbaugh, noting her trusted perspective and understanding of the company's strategy and communities [3]. Group 3: Company Overview - SB Financial Group is headquartered in Defiance, Ohio, and operates as a diversified financial services holding company for State Bank & Trust Company and SBFG Title, LLC [4]. - The company provides a full range of financial services, including wealth management, mortgage banking, and commercial lending, through 27 offices and 27 ATMs across Ohio and Indiana [4].

Core Insights - The article emphasizes the importance of a ranking system based on earnings estimates and revisions to identify winning stocks, while also acknowledging the diverse strategies investors may adopt [1] - Value investing is highlighted as a popular method for identifying undervalued stocks through fundamental analysis and established metrics [2] Company Analysis: SB Financial Group (SBFG) - SBFG is currently rated as a Zacks Rank 1 (Strong Buy) and has received an "A" grade in the Value category, indicating it is among the best value stocks available [3] - The company has a Price-to-Sales (P/S) ratio of 1.4, which is lower than the industry average of 1.81, suggesting it may be undervalued [4] - SBFG's Price-to-Cash Flow (P/CF) ratio stands at 8.39, significantly lower than the industry average of 16.42, indicating a favorable cash outlook and potential undervaluation [5] - The P/CF ratio for SBFG has fluctuated over the past year, with a high of 10.29 and a low of 7.29, and a median of 8.35, reinforcing its attractiveness as a value stock [5] - Overall, the metrics suggest that SBFG is likely undervalued, particularly in light of its strong earnings outlook, positioning it as one of the strongest value stocks in the market [6]