Welcome to our dedicated page for SB Financial Group news (Ticker: SBFG), a resource for investors and traders seeking the latest updates and insights on SB Financial Group stock.
SB Financial Group, Inc. (SBFG) is a renowned holding company that operates through two primary subsidiaries: State Bank and RDSI/DCM. Founded in 1902 as The State Bank and Trust Company of Defiance by Elbert E. Carter, the company has grown into one of northwest Ohio’s leading financial institutions. With a rich history of stability and community leadership, State Bank was one of the few financial institutions to remain open during the Great Depression, playing a crucial role in the Defiance community's economic resilience.
Today, SB Financial Group continues to uphold its legacy of integrity and leadership within the banking sector. The company offers a comprehensive range of financial services tailored to meet the needs of both consumers and small businesses. These services include commercial and agricultural lending, mortgage banking, wealth management, and trust services. The bank accepts various types of deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and certificates of deposit. Revenue is primarily generated through interest income.
With 17 professional community banking centers and four loan production offices, SB Financial Group prides itself on delivering proactive and innovative financial solutions. Its commitment to service is demonstrated by its employees' passion for supporting their local communities.
In recent achievements, SB Financial Group was ranked #163 by American Banker Magazine in May 2023, based on a three-year average return on equity. This recognition underscores the company's robust financial performance and strategic growth initiatives.
The company’s financial condition remains strong, with recent highlights indicating solid performance across various metrics. For instance, the second quarter of 2023 showcased significant growth compared to the previous year, with notable improvements in consolidated revenue, mortgage loan business, and noninterest income and expenses. SB Financial Group continues to maintain high asset quality and a robust balance sheet, ensuring long-term stability and growth.
For more detailed financial data and updates, SB Financial Group regularly hosts webcasts and conference calls to discuss quarterly and annual results, providing transparency and insights to investors.
For investor inquiries, you can contact:
- Mark A. Klein - Chairman, President, and Chief Executive Officer - 419-783-8920
- Anthony V. Cosentino - Executive Vice President and Chief Financial Officer - 419-785-3663
SB Financial Group reported Q3 2024 results with net income of $2.4 million, down 12.4% year-over-year, and diluted EPS of $0.35. Net interest income increased 6.8% to $10.2 million. Total loans grew 4.1% to $1.03 billion, while deposits increased 6.8% to $1.16 billion. The company's mortgage banking revenue declined 17.9% to $1.35 million, though mortgage originations increased 15.5% to $70.7 million. Tangible book value per share rose 26% to $16.49. Asset quality remained strong with nonperforming loans at 0.54% of total loans.
SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company, has announced the schedule for its third quarter 2024 financial results. The company plans to release its results on Thursday, October 24, 2024, after the market closes. Following this, SB Financial Group will host a conference call and webcast on Friday, October 25, 2024, at 11:00 a.m. EDT.
Interested parties can access the conference call by dialing 888-338-9469 and requesting the "SB Financial Group Conference Call." Additionally, the call will be webcast live at ir.yourstatebank.com. An audio replay of the call will be made available on the company's website for those unable to attend the live event.
SB Financial Group (NASDAQ: SBFG) and Marblehead Bancorp have announced a merger agreement, unanimously approved by both companies' boards. Marblehead shareholders will receive $196.31 in cash per share, valuing the transaction at approximately $5.0 million. This merger will add two full-service branches and one -service branch to State Bank's footprint, expanding its presence in Northwest Ohio and Ottawa County.
The combined entity will have total assets of about $1.4 billion, net loans of $1.1 billion, and deposits of $1.2 billion, based on June 30, 2024 data. The transaction is expected to close in the fourth quarter of 2024, subject to regulatory and Marblehead Bancorp shareholder approvals. This strategic move aligns with SB Financial's goal of investing in areas where it can best serve customers and strengthens its position in the region.
SB Financial Group (NASDAQ: SBFG) reported Q2 2024 earnings, showing resilience amid economic challenges. Key highlights include:
- Net income of $3.1 million, up 1.2% year-over-year
- Diluted EPS increased 6.8% to $0.47
- Loan growth of 2.1% to $1.01 billion
- Deposit growth of 4.1% to $1.12 billion
- Mortgage banking revenue up 18.8% to $1.8 million
The company maintained strong asset quality with nonperforming loans at 0.47% of total loans. Despite a slight decrease in net interest income, SB Financial demonstrated operational resilience through increased mortgage originations and sales, and improved efficiency in mortgage operations.
SB Financial Group (NASDAQ: SBFG) announced that it will release its second quarter 2024 financial results on July 18, 2024, after market close. The company will also host a conference call and webcast the following day, July 19, 2024, at 11:00 a.m. EDT. The call can be accessed by dialing 888-338-9469 and requesting the 'SB Financial Group Conference Call.' Additionally, the call will be webcast live on their investor relations website, ir.yourstatebank.com. An audio replay will also be available on the same website.
FAQ
What is the current stock price of SB Financial Group (SBFG)?
What is the market cap of SB Financial Group (SBFG)?
What services does SB Financial Group offer?
When was SB Financial Group founded?
How many banking centers does SB Financial Group have?
How does SB Financial Group generate revenue?
Who should I contact for investor inquiries?
What recent recognition has SB Financial Group received?
What is SB Financial Group's history during tough economic times?
What recent financial performance highlights has SB Financial Group reported?
What makes SB Financial Group stand out in its community?
Where is the main branch of SB Financial Group located?
