SB Financial Group(US:SBFG) Globenewswire·2025-10-30 20:15Core Insights - SB Financial Group, Inc. reported strong earnings for the third quarter of 2025, with net income of $4.0 million, a 71.9% increase year-over-year, and diluted earnings per share (DEPS) of $0.64, up 82.9% from the prior year [4][6][17] Financial Performance - Operating revenue for Q3 2025 was $16.6 million, a 15.9% increase from $14.3 million in Q3 2024 [4][7] - Net interest income rose to $12.3 million, reflecting a 21.1% increase from $10.2 million in the prior-year quarter, driven by sustained loan growth [5][6] - Noninterest income increased by 2.9% year-over-year to $4.2 million, primarily due to higher mortgage loan servicing fees and other noninterest income [10][11] - Total loans increased by $80.6 million, or 7.8%, compared to the prior year, with organic loan growth of $62.7 million [5][14] - Total deposits grew to $1.26 billion, an increase of $103.0 million or 8.9% year-over-year [15][19] Balance Sheet Highlights - As of September 30, 2025, total assets were reported at $1.50 billion, with a loan portfolio of $1.11 billion, marking a 7.8% increase year-over-year [14][29] - Shareholders' equity increased to $137.0 million, reflecting a $4.1 million rise from the prior year [15][29] Asset Quality - Nonperforming assets totaled $4.9 million, representing 0.32% of total assets, a decrease from 0.40% in the prior year [20][21] - The allowance for credit losses was strong at 1.44% of total loans, providing 345.4% coverage of non-performing loans [21][22] Mortgage Banking - Net mortgage banking revenue for Q3 2025 reached $1.5 million, up $136,000 from the prior-year quarter [8][9] - Mortgage originations totaled $67.6 million, while mortgage sales were $66.4 million [9] Management Commentary - The CEO highlighted the company's commitment to disciplined expense management and balanced revenue growth, emphasizing the strength of client relationships and the resiliency of the business model [7][17]