SB Financial Group, Inc. - SBFG STOCK NEWS

SB Financial Group, Inc. (NASDAQ: SBFG) has been recognized for the second consecutive year on the 2022 Keefe, Bruyette & Woods 'Bank Honor Roll', highlighting 17 top-performing banks out of 5% screened. This accolade signifies SB Financial's robust performance, consistently increasing earnings per share over the last decade. The company's diversified services include community banking, mortgage banking, and wealth management, serving clients across Ohio and Indiana. The recognition emphasizes SB Financial's commitment to delivering exceptional results for its stakeholders.

SB Financial Group reported a net income of $2.8 million for Q1 2022, a 60.3% decline year-over-year. Diluted EPS fell 58.8% to $0.40. Adjusted net income dropped 57.3% to $2.1 million, with mortgage origination volume decreasing by 37.5% to $97.4 million. Overall operating revenue decreased 30.5% to $14.3 million, primarily due to lower mortgage activity. Deposits rose 1.6% to $1.14 billion, while total assets increased 0.7% to $1.34 billion. The company maintained asset quality, reporting a decline in nonperforming assets by 13.8% to $5.6 million.

SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company based in Defiance, Ohio, will release its first quarter 2022 financial results on April 28, 2022, after market close. A conference call is scheduled for April 29, 2022, at 11:00 a.m. EDT, accessible by dialing 888-338-9469 or via a live webcast. The company offers a variety of financial services through its State Bank and SBFG Title, LLC dba Peak Title subsidiaries. SB Financial was recently recognized in the Bank Honor Roll for consistent EPS increases over the past decade.

SB Financial Group (NASDAQ: SBFG) announced its fourth-quarter earnings for 2021, reporting a net income of $3.3 million and a diluted earnings per share (EPS) of $0.49, down 31% year-over-year. Adjusted net income, excluding a recovery from mortgage servicing, was $2.9 million with EPS of $0.42. Mortgage origination volume decreased by 25% to $126.7 million. However, the full year recorded a historic net income of $18.3 million, an increase of 30.6% compared to 2020, with total loans up by 2.3% and deposits increased by 6.1% to $1.11 billion.

SB Financial Group, Inc. (NASDAQ: SBFG) plans to announce its fourth quarter 2021 financial results on January 27, 2022, after market close. A conference call will take place on January 28 at 11:00 a.m. EDT, accessible via phone at 1-888-338-9469 or through a live webcast. SB Financial, headquartered in Defiance, Ohio, offers a wide range of financial services, including community banking and title insurance, with a presence across Ohio, Indiana, and Michigan. The firm has been recognized for EPS growth, being listed on the Bank Honor Roll by Keefe, Bruyette & Woods.

SB Financial Group reported a net income of $4.1 million for Q3 2021, showing a 21.8% decrease year-over-year, and 66.4% increase for the nine months with $14.9 million. EPS was $0.58, down 15.9% year-over-year but up 11.5% from last quarter. Mortgage origination decreased 23.8% to $152.6 million. Total deposits increased 9.6% to $1.11 billion. Nonperforming assets dropped 23.1% from the prior year. The company continues to show resilience despite challenges in mortgage banking.

SB Financial Group (NASDAQ: SBFG) will release its third quarter 2021 financial results on October 28, 2021, post-market. A conference call is scheduled for October 29 at 11:00 a.m. EDT, which can be accessed via phone at 1-888-338-9469 or through a live webcast at ir.yourstatebank.com. The company, based in Defiance, Ohio, offers diversified financial services including banking, mortgage lending, and wealth management.

SB Financial Group (NASDAQ: SBFG) appointed Timothy L. Claxton as an independent Director effective immediately. Claxton brings over 32 years of experience in financial law, focusing on real estate, banking, and estate planning. He has served on various community boards and holds significant leadership roles. This appointment aims to enhance the company's governance as it continues to provide diversified financial services. Claxton's term will last until the 2023 annual meeting of shareholders.

SB Financial Group reported a net income of $3.8 million for Q2 2021, reflecting a 10.6% increase in diluted EPS at $0.52. Adjusted net income was $3.84 million excluding OMSR impairment. However, mortgage origination volume dropped by 26.3% to $164.9 million. For the first half of the year, net income surged 150% to $10.8 million, with a diluted EPS increase of 166.1%. Total deposits rose by 10.1% to $1.09 billion, while nonperforming assets decreased by 22.6%.