SB Financial Group(US:SBFG)2026-01-30 21:15Financial 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]