SB Financial Group, Inc. Named to KBW 2021 Annual Bank Honor Roll

Rhea-AI Summary

SB Financial Group (NASDAQ: SBFG) has been recognized as one of the 2021 KBW Bank Honor Roll winners, highlighting its consistent earnings per share growth over the past decade. Only 4% of the nearly 400 banks evaluated qualified for this honor. The company's Chairman, Mark Klein, attributes this achievement to the team's dedication and focus on expanding net income, even amid the challenges posed by the COVID-19 pandemic. This recognition positions SBFG as a leading performer in the banking sector, reflecting optimism for future growth.

Positive

• Named one of 16 banks in the 2021 KBW Bank Honor Roll for consistent earnings growth.
• Recognized for strong performance despite challenges from the COVID-19 pandemic.

Negative

• None.

DEFIANCE, Ohio, May 12, 2021 /PRNewswire/ -- SB Financial Group, Inc. (NASDAQ: SBFG) ("SB Financial" or the "Company"), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services, today announced it has been named to the 2021 Keefe, Bruyette & Woods, Inc. "Bank Honor Roll" of superior performers.

KBW, a full–service, boutique investment bank and broker–dealer that specializes in the financial services sector, found that 16 banking institutions, just 4% of the nearly 400 banks screened, qualified for inclusion on its Bank Honor Roll in 2021. Of note, Honor Roll winners are publicly traded banking institutions with more than $500 million in total assets that consistently reported increases in earnings per share over the last decade.

"This ranking is a representation of our team's ongoing efforts toward top-quartile performance among our peer group through net income expansion and a committed focus to deliver on all of our key initiatives," said Mark Klein, Chairman, President and CEO of SB Financial.  "As challenging as the past year has been, we have embraced these disruptions to deliver strong results and are proud of our team's hard work, which enabled us to be one of just 16 institutions recognized by KBW this year out of nearly 400 companies screened.  This recognition only amplifies our optimism for continued growth and elite performance in the years to come."  

"2020 was an unprecedented year, as the banking industry had to navigate many personal and economic challenges brought on by the COVID-19 pandemic," said Thomas B. Michaud, KBW President and CEO. "This unique and difficult environment affords us the opportunity to recognize premier banking institutions that reliably deliver for their investors. Our KBW Bank Honor Roll highlights those institutions that are industry leaders and consistently provide earnings per share growth, which the market in turn has rewarded with outsized returns for their shareholders."

About SB Financial Group 

Headquartered in Defiance, Ohio, SB Financial is a diversified financial services holding company for the State Bank & Trust Company (State Bank) and SBFG Title, LLC dba Peak Title (Peak Title).  State Bank provides a full range of financial services for consumers and small businesses, including wealth management, private client services, mortgage banking and commercial and agricultural lending, operating through a total of 23 offices; 22 in nine Ohio counties and one in Fort Wayne, Indiana, and 24 full-service ATMs. State Bank has five loan production offices located throughout the Tri-State region of Ohio, Indiana and Michigan.  Peak Title provides title insurance and opinions throughout the Tri-State region. SB Financial's common stock is listed on the NASDAQ Capital Market under the symbol "SBFG".

In May 2020, SB Financial was ranked #125 on the American Banker Magazine's list of Top 200 Publicly Traded Community Banks and Thrifts based on three-year average return on equity ("ROE").

About KBW

KBW (Keefe, Bruyette & Woods, Inc., operating in the U.S., and Stifel Nicolaus Europe Limited, also trading as Keefe, Bruyette & Woods Europe, operating in Europe) is a Stifel company. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. Founded in 1962, the firm maintains industry–leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities securities of financial services companies.

Investor Contact Information:
Mark A. Klein
Chairman, President and
Chief Executive Officer
Mark.Klein@YourStateBank.com

Anthony V. Cosentino
Executive Vice President and
Chief Financial Officer
Tony.Cosentino@YourStateBank.com

View original content:http://www.prnewswire.com/news-releases/sb-financial-group-inc-named-to-kbw-2021-annual-bank-honor-roll-301289982.html

SOURCE SB Financial Group, Inc.

FAQ

What does SBFG's inclusion in the KBW Bank Honor Roll mean for investors?

SBFG's inclusion indicates strong financial performance, with consistent earnings growth, reflecting positively on potential returns for investors.

What is the significance of the KBW Bank Honor Roll?

The KBW Bank Honor Roll recognizes banks that have demonstrated superior performance through consistent earnings per share growth over a decade.

How many banks were included in the KBW Bank Honor Roll for 2021?

Only 16 banks, or 4% of those screened, were included in the KBW Bank Honor Roll for 2021.

What is SB Financial Group's stock symbol?

SB Financial Group's stock symbol is SBFG, and it is listed on NASDAQ.