SB FINANCIAL GROUP, INC.
Business
SB FINANCIAL GROUP, INC. is a financial holding company that provides commercial banking and wealth management services through its consolidated subsidiaries. It offers deposit accounts, payment and ATM services, commercial, consumer, agricultural and mortgage lending, trust and asset management, brokerage services, title insurance and insurance products, and self-insurance through a captive. Key operating entities include The State Bank and Trust Company, SBFG Title (Peak Title Agency), SBT Insurance, SB Captive and Rurban Statutory Trust II. The company serves local markets in Ohio, with additional banking and loan production offices in Indiana and Michigan, delivering services via branch networks, ATMs, internet banking and third-party brokerage relationships.
Summary from filing dated 2025-03-07
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Taxable | 65 | 57 | 51 | 38 | 38 | |
| Tax exempt | 455,000 | 496,000 | 483,000 | 335,000 | 206,000 | |
| Taxable | 4 | 5 | 5 | 5 | 3 | |
| Tax exempt | 144,000 | 146,000 | 170,000 | 198,000 | 353,000 | |
| Other interest income | 4 | 2 | 847,000 | 624,000 | — | |
| Total interest income | 74 | 64 | 58 | 45 | — | |
| Deposits | 22 | 21 | 15 | 3 | 3 | |
| Repurchase agreements & other | 95,000 | 154,000 | 74,000 | 39,000 | 42,000 | |
| Federal Home Loan Bank advance expense | 1 | 2 | 3 | 515,000 | 188,000 | |
| Trust preferred securities expense | 637,000 | 739,000 | 716,000 | 361,000 | 199,000 | |
| Subordinated debt expense | 778,000 | 778,000 | 778,000 | 778,000 | — | |
| Total interest expense | 25 | 24 | 19 | — | — | |
| Net Interest Income | 48 | 40 | 39 | 39 | — | |
| Provision (benefit) for credit losses - loans | 1 | −440,000 | 688,000 | — | 1 | |
| Provision for unfunded commitments | 32,000 | 564,000 | −373,000 | — | — | |
| Total provision for credit losses | 1 | 124,000 | 315,000 | — | — | |
| Net interest income after provision for credit losses | 47 | 40 | 39 | 39 | 37 | |
| Wealth management fees | 4 | 4 | 4 | 4 | 4 | |
| Customer service fees | 4 | 3 | 3 | 3 | 3 | |
| Gain on sale of mortgage loans & OMSR | 5 | 5 | 4 | 4 | 17 | |
| Mortgage loan servicing fees, net | 2 | 2 | 2 | 3 | 3 | |
| Gain on sale of non-mortgage loans | 143,000 | 145,000 | 429,000 | 566,000 | 158,000 | |
| Title insurance income | 2 | 2 | 2 | 2 | — | |
| Other income | 1 | 2 | 2 | 1 | 1 | |
| Total noninterest income | 17 | 17 | 18 | 18 | 31 | |
| Salaries and employee benefits | 25 | 24 | 23 | 24 | 27 | |
| Net occupancy expense | 3 | 3 | 3 | 3 | 3 | |
| Equipment expense | 5 | 4 | 4 | 4 | 3 | |
| Data processing fees | 4 | 3 | 3 | 3 | 3 | |
| Professional fees | 4 | 3 | 3 | 3 | 3 | |
| Marketing expense | 651,000 | 821,000 | 782,000 | 911,000 | 784,000 | |
| Telephone and communications | 511,000 | 525,000 | 501,000 | 474,000 | 581,000 | |
| Postage and delivery expense | 541,000 | 447,000 | 432,000 | 422,000 | 414,000 | |
| State, local and other taxes | 1 | 907,000 | 949,000 | 1 | 1 | |
| Employee expense | 763,000 | 733,000 | 631,000 | 613,000 | — | |
| Other expense | 3 | 3 | 3 | 2 | 2 | |
| Total noninterest expense | 47 | 43 | 42 | 42 | 45 | |
| Income before income tax | 17 | 14 | 15 | 15 | 23 | |
| Provision for income taxes | 3 | 2 | 3 | 3 | 4 | |
| Net Income | 14 | 11 | 12 | 13 | — | |
| Basic earnings per common share (in Dollars per share) | 2.19 | 1.72 | 1.77 | 1.79 | 2.58 | |
| Diluted earnings per common share (in Dollars per share) | 2.19 | 1.72 | 1.75 | 1.77 | 2.56 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 72 | 26 | 23 | 28 | 150 | |
| Interest bearing time deposits | 1 | 2 | 2 | 2 | — | |
| Available-for-sale securities | 189 | 202 | 220 | 239 | 263 | |
| Loans held for sale | 2 | 7 | 3 | 2 | — | |
| Loans, net of unearned income | 1,181 | 1,047 | 1,000 | 962 | — | |
| Allowance for credit losses | −16 | −15 | −16 | −14 | — | |
| Premises and equipment, net | 22 | 20 | 21 | 23 | 23 | |
| Federal Reserve and Federal Home Loan Bank Stock, at cost | 6 | 5 | 7 | 6 | 5 | |
| Foreclosed assets and other assets held for sale, net | 104,000 | — | 511,000 | 777,000 | 2 | |
| Interest receivable | 5 | 5 | 5 | 4 | 3 | |
| Goodwill | 27 | 23 | 23 | 23 | 23 | |
| Cash value of life insurance | 32 | 31 | 29 | 29 | 18 | |
| Mortgage servicing rights | 15 | 15 | 14 | 14 | 12 | |
| Other assets | 10 | 13 | 12 | 17 | 12 | |
| Total assets | 1,545 | 1,380 | 1,343 | 1,336 | 1,331 | |
| Non interest bearing demand | 254 | 232 | 229 | 257 | 247 | |
| Interest bearing demand | 203 | 201 | 166 | 192 | 195 | |
| Savings | 296 | 238 | 217 | 191 | 238 | |
| Money market | 281 | 222 | 203 | 256 | 276 | |
| Time deposits | 273 | 259 | 256 | 191 | 157 | |
| Total deposits | 1,307 | 1,153 | 1,070 | 1,087 | 1,113 | |
| Repurchase agreements | 9 | 11 | 13 | 15 | 15 | |
| Federal Home Loan Bank advances | 35 | 35 | 84 | 60 | 6 | |
| Trust preferred securities | 10 | 10 | 10 | 10 | 10 | |
| Subordinated debt net of issuance costs | 20 | 20 | 20 | 20 | 20 | |
| Interest payable | 2 | 2 | 2 | 769,000 | 299,000 | |
| Other liabilities | 20 | 21 | 19 | 25 | 22 | |
| Total liabilities | 1,404 | 1,252 | 1,219 | 1,217 | 1,186 | |
| Commitments & Contingent Liabilities | — | — | — | — | — | |
| Preferred stock, no par value; authorized 200,000 shares; 2025 - 0 shares outstanding, 2024 - 0 shares outstanding | — | — | — | — | — | |
| Common stock, no par value; 2025 - 10,500,000 shares authorized, 8,525,375 shares issued; 2024 - 10,500,000 shares authorized, 8,525,375 shares issued | 61 | 61 | 61 | 61 | 54 | |
| Additional paid-in capital | 15 | 15 | 15 | 15 | — | |
| Retained earnings | 126 | 116 | 108 | 102 | 100 | |
| Accumulated other comprehensive loss | −21 | −30 | −30 | −32 | −2 | |
| Treasury stock, at cost; ( 2025 - 2,249,417 common shares; 2024 - 1,977,538 common shares) | −40 | −35 | −31 | −28 | −22 | |
| Total shareholders equity | 141 | 128 | 124 | 118 | 145 | |
| Total liabilities and shareholders equity | 1,545 | 1,380 | 1,343 | 1,336 | 1,331 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 2 | 2 | 2 | 2 | 2 | |
| Provision for credit losses | 1 | 124,000 | 315,000 | — | — | |
| Expense of share-based compensation plan | 536,000 | 637,000 | 576,000 | 568,000 | 443,000 | |
| Amortization of premiums and discounts on securities | 432,000 | 493,000 | 522,000 | 897,000 | 1 | |
| Amortization of intangible assets | 240,000 | 70,000 | 90,000 | 70,000 | 71,000 | |
| Amortization of originated mortgage servicing rights | 2 | 1 | 1 | 2 | 4 | |
| Impairment (recovery) of mortgage servicing rights | 289,000 | −41,000 | 50,000 | −1 | −3 | |
| Deferred income taxes | −111,000 | 2 | 2 | 3 | 2 | |
| Proceeds from sale of loans held for sale | 252 | 216 | 161 | 190 | 491 | |
| Originations of loans held for sale | −244 | −218 | −159 | −181 | −478 | |
| Gain from sale of loans | −5 | −5 | −4 | −5 | −17 | |
| Interest receivable | −582,000 | −251,000 | −566,000 | −1 | 879,000 | |
| Other assets | 5 | −3 | 4 | −2 | 2 | |
| Interest payable & other liabilities | −4 | 607,000 | −5 | 6 | −7 | |
| Net cash provided by operating activities | 24 | 9 | 14 | 26 | 17 | |
| Purchases of available-for-sale securities | −100,000 | −2 | −723,000 | −51 | −171 | |
| Proceeds from maturities of interest bearing time deposits | 1 | 1 | 2 | 512,000 | — | |
| Purchase of interest bearing time deposits | −950,000 | −1 | — | — | — | |
| Proceeds from maturities of available-for-sale securities | 24 | 19 | — | 36 | 50 | |
| Proceeds from sales of available-for-sale securities | 30 | — | — | — | — | |
| Net change in loans | −116 | −47 | −39 | −140 | 49 | |
| Purchase of premises, equipment | −3 | −1 | −958,000 | −2 | −2 | |
| Purchase of bank owned life insurance | −800,000 | −800,000 | — | −11 | — | |
| Purchase of Federal Reserve and Federal Home Loan Bank Stock | −560,000 | — | −953,000 | −1 | — | |
| Proceeds from sale of Federal Reserve and Federal Home Loan Bank Stock | 290,000 | 2 | — | — | — | |
| Proceeds from sale of foreclosed assets | 91,000 | 711,000 | 816,000 | 2 | 129,000 | |
| Acquisition, net of cash acquired (paid) | −3 | — | — | — | −1 | |
| Net cash used in investing activities | −68 | −29 | −17 | −166 | −72 | |
| Net increase in demand deposits, money market, interest checking & savings accounts | 87 | 86 | −81 | −61 | — | |
| Net increase (decrease) in time deposits | 14 | −4 | 65 | 34 | −73 | |
| Net decrease in securities sold under agreements to repurchase | −1 | −3 | −2 | — | — | |
| Proceeds from Federal Home Loan Bank advances | — | 133 | 811 | 232 | — | |
| Repayment of Federal Home Loan Bank advances | −1 | −182 | −787 | −178 | — | |
| Stock repurchase plan | −6 | −5 | −3 | −6 | −10 | |
| Dividends on common shares | −4 | −4 | −4 | −3 | −3 | |
| Net cash provided by financing activities | 90 | 22 | −1 | 18 | 64 | |
| Increase in cash and cash equivalents | 46 | 3 | −5 | −122 | 9 | |
| Interest paid | 26 | 25 | 17 | 5 | 4 | |
| Income taxes paid | 2 | 417,000 | — | 5 | 4 | |
| Recognition of right-of-use lease assets | 75,000 | — | — | — | — | |
| Transfer of loans to foreclosed assets | 195,000 | — | 507,000 | 322,000 | 2 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SB FINANCIAL GROUP, INC.'s CIK number?
SB FINANCIAL GROUP, INC.'s SEC CIK number is 0000767405 (767405). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SB FINANCIAL GROUP, INC.'s SEC filings?
All of SB FINANCIAL GROUP, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SB FINANCIAL GROUP, INC. last report earnings?
SB FINANCIAL GROUP, INC. (SBFG) most recently filed an earnings 8-K with the SEC on Feb 2, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-26-010673). This is SB FINANCIAL GROUP, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is SB FINANCIAL GROUP, INC.'s most recent earnings 8-K?
SB FINANCIAL GROUP, INC.'s latest earnings 8-K (Item 2.02) was filed Feb 2, 2026 under accession 0001213900-26-010673. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View SB FINANCIAL GROUP, INC.'s latest earnings 8-K →
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