DEFIANCE, Ohio, Oct. 10, 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 third quarter 2025 financial results on Thursday, October 30, 2025, after the close of the market. The company will hold a related conference call and webcast on Friday, October 31, 2025, at 11:00 a.m. EDT. Interested parties may acc ...

Group 1 - M&T Bank Corporation (MTB) is recognized as one of the 11 Cheap Quarterly Dividend Stocks to buy currently [1] - The company operates as a regional lender with a strong presence in community, commercial, and retail banking, offering services such as mortgage lending and consumer finance [2] - Recent priorities for MTB include regulatory compliance, disciplined capital and liquidity management, risk oversight, and growing fee-based income [3] Group 2 - M&T Bank declared an 11% increase in its quarterly dividend to $1.50 per share, marking the ninth consecutive year of dividend growth [4] - As of September 23, the stock has a dividend yield of 2.99% [4]

Group 1: Enova International - Enova International is a provider of online financial services offering loans in the US, UK, Australia, and Canada, with a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for Enova's current year earnings has increased by 2.4% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 9.63, significantly lower than the industry average of 14.80, and possesses a Value Score of A [2] Group 2: SB Financial Group - SB Financial Group is a financial service holding company providing a full range of financial services for consumers and small businesses, with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for SB Financial's current year earnings has increased by 9.9% over the last 60 days [3] - The company has a price-to-earnings ratio (P/E) of 9.14, compared to the industry average of 12.30, and possesses a Value Score of B [4] Group 3: Metropolitan Bank Holding - Metropolitan Bank Holding is a chartered commercial bank offering various financial services including deposits, small business lending, and electronic banking, with a Zacks Rank 1 [5] - The Zacks Consensus Estimate for Metropolitan Bank's current year earnings has increased by 4.8% over the last 60 days [5] - The company has a price-to-earnings ratio (P/E) of 10.99, lower than the industry average of 12.30, and possesses a Value Score of B [6]

Industry Overview - The Zacks Major Regional Banks industry includes the largest banks in the U.S. by assets, operating globally and heavily influenced by the nation's economic health [3] - The industry is subject to stringent regulations and provides a wide array of financial services, generating revenue from net interest income (NII) and fees from various services [3] Economic Environment - The Federal Reserve is expected to lower interest rates due to a weakening labor market and rising inflation from tariffs, which will benefit major regional banks by stabilizing deposit costs and improving lending scenarios [4] - Modest loan demand is anticipated as the Fed's aggressive monetary policy has previously hurt demand, but lower interest rates may lead to a slight increase in NII and net interest margins [5] Asset Quality Concerns - Weak asset quality is a concern as economic health and trade policies impact borrowers' repayment abilities, prompting banks to build additional reserves for potential defaults [7] - Several metrics indicating asset quality have crossed pre-pandemic levels, signaling gradual deterioration [7] Growth Initiatives - Major regional banks are focusing on business restructuring and digitization to expand and reduce reliance on spread income, investing in technology and partnerships [6] - Specific banks like BNY Mellon, Truist Financial, and Northern Trust are undertaking various growth initiatives, including acquisitions and expansion into new markets [19][25][32] Performance Metrics - The Zacks Major Regional Banks industry has a Zacks Industry Rank of 48, placing it in the top 20% of over 250 Zacks industries, indicating a positive outlook [8] - The industry has outperformed the S&P 500 and the broader finance sector, with a collective stock increase of 18.8% over the past year [12] Valuation Insights - The industry has a trailing 12-month price-to-tangible book ratio (P/TBV) of 2.46X, significantly lower than the S&P 500's 13.28X, indicating a discount compared to the broader market [15][17] Company Highlights - **BNY Mellon**: With a market cap of $73.3 billion, it has seen a stock increase of 30.8% in the past six months, with earnings growth estimates of 18.4% for 2025 [23] - **Truist Financial**: This company has a market cap of $58.2 billion and has risen 13.7% in the past six months, with earnings growth estimates of 4.3% for 2025 [30] - **Northern Trust**: With a market cap of $24.3 billion, it has experienced a stock increase of 31.8% in the past six months, with earnings growth estimates of 10.9% for 2025 [36]

Core Insights - Alerus reported a revenue of $75.39 million for the quarter ended June 2025, marking a year-over-year increase of 46.8% and exceeding the Zacks Consensus Estimate by 7.85% [1] - The earnings per share (EPS) for the same period was $0.72, compared to $0.31 a year ago, resulting in an EPS surprise of 28.57% over the consensus estimate of $0.56 [1] Financial Performance Metrics - Net charge-offs to average loans were reported at 0.4%, higher than the estimated 0.1% [4] - The efficiency ratio was 60.7%, significantly better than the average estimate of 70.6% [4] - The net interest margin, tax-equivalent, was 3.5%, exceeding the estimated 3.3% [4] - Average balance of total interest-earning assets was $4.99 billion, slightly below the estimated $5.02 billion [4] - Net interest income was reported at $43.03 million, surpassing the average estimate of $40.1 million [4] - Total noninterest income reached $31.76 million, exceeding the estimated $29.06 million [4] - Wealth management income was $7.36 million, above the average estimate of $6.85 million [4] - Service charges on deposit accounts were $0.68 million, below the estimated $1.16 million [4] - Mortgage banking income was $3.65 million, significantly higher than the average estimate of $2.3 million [4] - Other income was reported at $1.93 million, compared to the estimated $2.23 million [4] Stock Performance - Alerus shares have returned -1% over the past month, while the Zacks S&P 500 composite has increased by 4.9% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Financial Performance - Northrim BanCorp reported net income of $11.8 million, or $2.09 per diluted share, in Q2 2025, down from $13.3 million, or $2.38 per diluted share, in Q1 2025, but up from $9.0 million, or $1.62 per diluted share, in Q2 2024 [1][4] - Net interest income increased by 7% to $33.6 million compared to $31.3 million in Q1 2025 and by 24% compared to $27.1 million in Q2 2024 [5][23] - The net interest margin on a tax-equivalent basis (NIMTE) was 4.72% for Q2 2025, up from 4.61% in Q1 2025 and 4.30% in Q2 2024 [5][24] Loan and Deposit Growth - Total portfolio loans reached $2.20 billion at June 30, 2025, a 4% increase from the previous quarter and a 17% increase year-over-year [5][4] - Total deposits were $2.81 billion at June 30, 2025, up 1% from the preceding quarter and up 14% from $2.46 billion a year ago [5][4] Operating Income and Expenses - Other operating income contributed $16.6 million, or 33% of total revenues in Q2 2025, compared to $13.0 million, or 29% in Q1 2025, and $9.6 million, or 26% in Q2 2024 [29] - Operating expenses increased to $32.5 million in Q2 2025 from $28.2 million in Q1 2025 and $25.2 million in Q2 2024, primarily due to higher salaries and personnel expenses [31] Credit Losses and Provisions - Northrim recorded a provision for credit losses of $2.0 million in Q2 2025, compared to a benefit of $1.4 million in Q1 2025 [25][26] - The allowance for credit losses on loans was 290% of nonperforming loans at the end of Q2 2025, compared to 262% three months earlier [28] Mortgage Banking - Mortgage loan originations were $277.1 million in Q2 2025, up from $121.6 million in Q1 2025 and $181.5 million in Q2 2024 [5][39] - The provision for credit losses in the Home Mortgage Lending segment was $639,000 in Q2 2025, compared to a benefit of $307,000 in Q1 2025 [43] Specialty Finance Segment - The Specialty Finance segment includes Northrim Funding Services and Sallyport, which was acquired for approximately $53.9 million [51][52] - Total pre-tax income for Sallyport in Q2 2025 was $1.3 million, consistent with Q1 2025 [52]

Core Viewpoint - M&T Bank reported strong second quarter earnings for 2025, with earnings per share (EPS) of $4.28, surpassing consensus expectations of $3.99, and revenue of $2,405 million, exceeding analyst forecasts by nearly $16 million, indicating solid profitability and effective expense management despite challenges in net interest income and capital buffer [1][5][12]. Financial Performance - EPS (Non-GAAP) for Q2 2025 was $4.28, a 12.9% increase from Q2 2024's $3.79 [2] - Revenue (Non-GAAP) reached $2,405 million, up 3.5% year-over-year from $2,323 million [2] - Noninterest income rose to $683 million, a 17.0% increase, driven by a 23% rise in residential mortgage banking and 7% growth in trust income [5][6] - Net interest income was $1,722 million, a slight decline of 0.5% from the previous year [2][6] - The efficiency ratio improved to 55.2%, indicating continued discipline in operating costs [8] Credit Quality and Risk Management - Net charge-offs decreased to 0.32% of average loans, down from 0.41% a year ago, reflecting improved credit quality [7][8] - Nonaccrual loans dropped 22% compared to the prior year, indicating better loan performance [7] - The allowance for loan losses remained stable at 1.61% of total loans, suggesting a consistent reserve for potential losses [8] Capital Management - M&T Bank repurchased 6.1 million shares for $1.1 billion, reducing the common equity tier 1 (CET1) capital ratio to 10.98%, still above regulatory minimums [9] - The stress capital buffer (SCB) will decrease from 3.8% to 2.7% starting October 1, 2025, reflecting regulatory confidence in the bank's risk profile [9] Strategic Focus - The bank's strategic priorities include regulatory compliance, capital and liquidity management, risk controls, and diversification of fee-based income [4] - Management aims to maintain strong asset quality and optimize capital allocation while focusing on community banking and personalized service [4] Future Guidance - Management affirmed guidance for net interest income between $7.05 and $7.15 billion for fiscal 2025, with an average loan balance projected between $135–$137 billion [13] - Noninterest income is expected to reach the high end of the $2.5–2.6 billion range, supported by strengths in mortgage banking and service fees [13][14] - The quarterly dividend remains steady at $1.35 per share, continuing an established payout trend [12][14]

Core Viewpoint - Renasant Corporation reported its earnings results for the second quarter of 2025, highlighting significant progress in the merger with The First Bancshares, Inc. and its impact on financial performance. Earnings Summary - Net income for Q2 2025 was $1.0 million, significantly impacted by merger-related expenses of $20.5 million and a Day 1 acquisition provision for credit losses of $66.6 million [7][11] - Basic and diluted EPS were both $0.01, while adjusted diluted EPS (non-GAAP) was $0.69 [7][10] - The company generated net organic loan growth of $311.6 million for the quarter, representing a 6.9% annualized growth rate [7] Merger Details - The merger with The First Bancshares, Inc. was completed on April 1, 2025, with The First operating 116 locations and having $7.9 billion in assets [3] - The merger contributed to a significant increase in net interest income, which rose to $222.7 million, up $85.3 million from the previous quarter [7] Balance Sheet Highlights - Total assets reached $26.6 billion as of June 30, 2025, up from $18.3 billion in the previous quarter [18] - Total deposits increased to $21.6 billion, with noninterest-bearing deposits rising to $5.4 billion, representing 24.8% of total deposits [18][19] Credit Quality - The provision for credit losses was $81.3 million, including a $66.6 million Day 1 acquisition provision [11] - The allowance for credit losses on loans to total loans ratio was 1.57% as of June 30, 2025 [11] Noninterest Income and Expense - Noninterest income for Q2 2025 was $48.3 million, an increase of $11.9 million linked quarter, primarily due to the merger [7][15] - Noninterest expense rose to $183.2 million, primarily driven by merger-related costs [7][15] Performance Ratios - Return on average assets was 0.02% for Q2 2025, while adjusted return on average assets (non-GAAP) was 1.01% [13] - The efficiency ratio (fully taxable equivalent) was 67.59% for the quarter [13] Capital and Stock Repurchase Program - The company has a $100.0 million stock repurchase program in effect through October 2025 [7]

Financial Data and Key Metrics Changes - The company reported net income of $22.6 million or $1.39 per diluted share for Q2 2025, compared to $18.8 million or $1.17 per diluted share for Q2 2024, reflecting a strong year-over-year growth [12] - Total net income for the first half of 2025 was $42.2 million or $2.6 per diluted share, up from $40.3 million or $2.5 per diluted share in the same period of 2024 [12] - Interest income on loans increased significantly, with average loans totaling $4.7 billion in 2025, a growth rate of almost 7% compared to the previous year [13] Business Line Data and Key Metrics Changes - Mortgage banking income increased by 23.4% in 2025 compared to 2024, with a notable decrease of $50 million in residential mortgages on the balance sheet [6][7] - Service charges on accounts grew by 18.1%, reflecting growth in the deposit base and increased activity levels [7] - Payroll services revenue grew by 15.2%, indicating a strong service model [7] Market Data and Key Metrics Changes - The deposit base increased by 13% as of June 30, 2025, compared to the same date in 2024, which helped reduce the loan-to-deposit ratio from 107% to just under 100% [8] - The company expects loan growth of 1% to 2% in Q3 and 3% to 5% in Q4 of 2025, influenced by larger balance commercial real estate payoffs [21] Company Strategy and Development Direction - The strategic partnership with Eastern Michigan Bank aims to enhance organic growth and improve the loan-to-deposit ratio, while also providing entry into new markets [9] - The company plans to transition to a new core provider, Jack Henry, in early 2027, which is expected to yield significant cost savings and operational efficiencies [10][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current economic uncertainties, highlighting strong customer performance despite challenges [6] - The company anticipates continued growth in net interest income and a stable net interest margin, projecting a range of 3.5% to 3.6% for Q3 and 3.55% to 3.65% for Q4 [21] Other Important Information - Non-performing assets totaled $9.7 million as of June 30, 2025, representing 16 basis points of total assets, indicating strong asset quality [6] - The company recorded a provision expense of $1.6 million in Q2 2025, reflecting increased allocations on specific financially stressed lending relationships [18] Q&A Session Summary Question: Can you provide details on cost savings related to the core system change? - Management expects cost savings of approximately $5.5 million, with about 50% realized in 2026 and over 90% in 2027, aligning with the core conversion timeline [27][28] Question: What are the growth opportunities in the Eastern Michigan loan portfolio? - The loan book is of high quality, and the company plans to focus on growing the mortgage banking business and larger commercial loans in that region [34][35] Question: How does the company plan to manage deposit and loan growth? - The company aims to maintain a loan growth rate of 5% to 8% annually, with a focus on local deposit growth to support this [42][45] Question: What is the outlook for fee income in the second half of the year? - Management anticipates a step down in fee income from strong Q2 results, particularly in mortgage banking and interest rate swap income [55] Question: What is the expected timeline for the acquisition closing? - The acquisition is expected to close in the back half of Q4, around November 30 or year-end, pending regulatory approval [56]

Core Insights - Peoples Bancorp reported revenue of $114.46 million for the quarter ended June 2025, marking a year-over-year increase of 4.4% and a surprise of +1.38% over the Zacks Consensus Estimate of $112.9 million [1] - The EPS for the same period was $0.60, down from $0.84 a year ago, resulting in an EPS surprise of -23.08% compared to the consensus estimate of $0.78 [1] Financial Performance Metrics - Total earning assets averaged $8.38 billion, slightly below the average estimate of $8.41 billion [4] - Net Interest Margin was reported at 4.2%, exceeding the average estimate of 4.1% [4] - Efficiency ratio stood at 59.3%, better than the estimated 61.5% [4] - Net charge-offs as a percentage of average total loans (annualized) were 0.4%, matching the average estimate [4] - Mortgage banking income was $0.22 million, significantly lower than the average estimate of $0.62 million [4] - Total Non-interest income reached $26.88 million, surpassing the estimated $25.87 million [4] - Electronic banking income was $6.27 million, slightly above the average estimate of $6.1 million [4] - Bank owned life insurance income was $1.11 million, exceeding the average estimate of $0.95 million [4] - Insurance income was reported at $4.55 million, above the average estimate of $4.38 million [4] - Deposit account service charges totaled $4.06 million, slightly above the average estimate of $4.05 million [4] - Net Interest Income was $87.58 million, higher than the average estimate of $87.11 million [4] - Net interest income on a fully tax-equivalent basis was $87.86 million, also exceeding the average estimate of $87.11 million [4] Stock Performance - Shares of Peoples Bancorp have returned +5.6% over the past month, compared to the Zacks S&P 500 composite's +5.9% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]