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SBFG

SB Financial Group, Inc.

SBFG

SB Financial Group, Inc. • NASDAQ
$21.39 ▼ -1.04% (-0.23)
Market Cap $134.76 M
52w High $24.48
52w Low $17.10
Dividend Yield 0.60%
P/E 10.14
Volume 12.21K
Outstanding Shares 6.30M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $23.053M ▼ $11.498M ▼ $4.046M ▲ 17.551% ▲ $0.64 ▲ $6.017M ▲
Q2-2025 $23.515M ▲ $11.852M ▼ $3.852M ▲ 16.381% ▲ $0.6 ▲ $5.76M ▲
Q1-2025 $21.479M ▲ $12.41M ▲ $2.158M ▼ 10.047% ▼ $0.33 ▼ $3.527M ▼
Q4-2024 $21.404M ▲ $11.003M $3.635M ▲ 16.983% ▲ $0.56 ▲ $5.441M ▲
Q3-2024 $20.671M $11.003M $2.354M 11.388% $0.35 $4.027M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $131.34M ▼ $1.496B ▲ $1.359B ▲ $136.939M ▲
Q2-2025 $246.839M ▼ $1.486B ▼ $1.353B ▼ $133.648M ▲
Q1-2025 $276.37M ▲ $1.501B ▲ $1.369B ▲ $131.526M ▲
Q4-2024 $199.253M ▼ $1.38B ▼ $1.252B ▼ $127.508M ▼
Q3-2024 $262.565M $1.394B $1.261B $132.841M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $4.046M ▲ $12.691M ▲ $-12.209M ▼ $5.08M ▲ $5.562M ▲ $12.238M ▲
Q2-2025 $3.852M ▲ $-3.625M ▼ $-1.947M ▼ $-20.11M ▼ $-25.682M ▼ $-4.153M ▼
Q1-2025 $2.158M ▼ $6.703M ▲ $9.173M ▲ $63.341M ▲ $79.217M ▲ $5.78M ▲
Q4-2024 $3.635M ▲ $5.956M ▲ $-14.085M ▲ $-15.291M ▼ $-23.42M ▼ $5.674M ▲
Q3-2024 $2.354M $3.621M $-18.591M $42.335M $27.365M $3.232M

Revenue by Products

Product Q1-2013Q2-2013Q3-2013Q4-2013
All Other Segments
All Other Segments
 $0 ▲$0 ▲$0 ▲$0 ▲
All Segments
All Segments
 $10.00M ▲$10.00M ▲$10.00M ▲$0 ▼
Data Processing
Data Processing
 $0 ▲$0 ▲$0 ▲$0 ▲
Intersegment Elimination
Intersegment Elimination
 $0 ▲$0 ▲$0 ▲$0 ▲
Operating Segments
Operating Segments
 $10.00M ▲$10.00M ▲$10.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement SB Financial Group’s income statement shows a steady, relationship-focused bank rather than a high-growth story. Revenue has been fairly stable over the past several years, with only modest movement up or down. Core profitability remains positive, but earnings have softened from their recent peak, reflecting a tougher interest rate environment and likely some pressure on funding costs and loan growth. Margins are still reasonable for a community bank, but not expanding meaningfully. Overall, the business looks consistently profitable, though not immune to industry headwinds that can squeeze net interest income and fee-based lines such as mortgage activity.

Balance Sheet

Balance Sheet The balance sheet looks typical of a conservative regional community bank. Total assets have inched higher over time, suggesting controlled growth rather than aggressive expansion. Equity has stayed solid, indicating that the bank has maintained a reasonable capital cushion. Debt levels stepped up recently but not to an alarming degree, suggesting some additional funding or balance sheet repositioning rather than a structural over‑leveraging. Cash balances, which were elevated during the pandemic period, have normalized to lower levels, which is common as excess liquidity is redeployed. Overall, the balance sheet appears sound, with manageable leverage and a stable capital base, though the lower cash buffer means more reliance on core deposits and other funding sources.

Cash Flow

Cash Flow Cash flow from operations has remained consistently positive, which is reassuring for a bank whose business depends on recurring interest and fee income. Free cash flow has generally tracked operating cash flow, since capital spending needs appear modest. This pattern fits a mature financial institution that is not capital‑intensive in the traditional sense. While the absolute cash generation is not large, it has been steady, which supports the bank’s ability to fund dividends, investments in technology, and selective acquisitions. Any abrupt shift in credit quality or deposit behavior, however, could quickly change this picture, so steady cash flow should be watched in the context of asset quality metrics and funding stability.

Competitive Edge

Competitive Edge SB Financial Group competes as a regional community‑oriented bank with a focus on Ohio and nearby states. Its edge comes less from scale and more from local knowledge, long‑standing relationships, and a mix of businesses beyond basic lending. The company has diversified into areas such as mortgage banking, wealth management, and title services, which helps smooth results when traditional loan margins are under pressure. Its specialization in commercial and agricultural lending fits well with its markets and deep community roots. On the other hand, SBFG operates in a very competitive space, facing pressure from larger regional banks, national players, and digital‑first fintechs that can compete on price and convenience. Its moat rests on service, relationships, and diversification rather than on size or cutting‑edge technology, which makes disciplined execution critical.

Innovation and R&D

Innovation and R&D For a community bank, SB Financial Group is leaning meaningfully into modernization. It has upgraded its digital banking platform to be more user‑friendly and customizable, and it signals an intention to use newer tools—such as AI‑assisted onboarding and client engagement—to attract and retain customers. The presence of a dedicated technology innovation leader indicates that digital initiatives are now part of core strategy rather than side projects. At the same time, SBFG is not positioning itself as a disruptive fintech; it is layering technology onto a traditional relationship model. The opportunity is to improve efficiency and customer experience without losing the personal touch. The risk is that technology investments need to be executed well and fast enough to keep pace with both larger banks and nimble digital competitors.

Summary

Overall, SB Financial Group looks like a steady, relationship‑driven community banking group with disciplined growth, diversified revenue sources, and a measured push into technology. Its earnings profile is positive but not rapidly expanding, reflecting both the benefits and limitations of its regional footprint and community‑banking model. The balance sheet and cash flows appear sound and supportive of ongoing operations and investment. Strategically, the combination of local focus, non‑interest income businesses, and gradual digital modernization forms the core of its competitive position. Key things to watch going forward include how well it navigates interest rate cycles, maintains asset quality, scales its fee‑based businesses, and turns its technology roadmap—especially AI‑enabled initiatives—into tangible improvements in deposit growth, client satisfaction, and long‑term profitability.

NEWS

October 30, 2025 · 4:15 PM UTC

SB Financial Group Announces Third Quarter 2025 Results

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October 10, 2025 · 9:00 AM UTC

SB Financial Group, Inc. Announces Schedule for Third Quarter 2025 Results

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