NASDAQ : SBFG
SB Financial Group, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 31.22 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 193.44M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 70.62M | 65.44M | 57.36M | 51.89M | 38.57M | 38.16M |
| Interest Income on Investments | 8.30M | 8.48M | 6.99M | 6.26M | 6.00M | 3.74M |
| Total Interest Income | 78.92M | 73.92M | 64.35M | 58.15M | 44.57M | 41.90M |
| Interest Paid on Deposits | 24.38M | 22.49M | 21.04M | 14.71M | 3.48M | 3.13M |
| Interest Paid on Borrowings | 2.74M | 2.98M | 3.39M | 4.17M | 1.69M | 891.00K |
| Total Interest Expense | 27.12M | 25.47M | 24.43M | 18.88M | 5.17M | 4.02M |
| Net Interest Income | 51.80M | 48.45M | 39.92M | 39.27M | 39.40M | 37.88M |
| Trust Income | 3.75M | 3.54M | 3.51M | 3.53M | 3.73M | 3.81M |
| Gain (Loss) on Sale of Assets | -33.00K | |||||
| Gain (Loss) on Sale of Investments | 1.45M | |||||
| Other Non-Interest Income | 8.78M | 8.70M | 8.76M | 8.75M | 8.36M | 6.03M |
| Total Non-Interest Income | 17.82M | 17.40M | 16.98M | 17.77M | 16.95M | 27.26M |
| Revenues Before Loan Losses | 69.62M | 65.85M | 56.90M | 57.04M | 56.35M | 65.14M |
| Provision for Loan Losses | 838.00K | 1.31M | 124.00K | 315.00K | 1.05M | |
| Revenue | 68.78M | 64.54M | 56.77M | 56.73M | 56.35M | 64.09M |
| Salaries and Employee Benefits | 26.68M | 25.30M | 23.70M | 22.73M | 24.19M | 26.56M |
| Occupancy Expenses | 3.04M | 3.01M | 2.68M | 2.91M | 2.80M | 2.86M |
| Selling, General & Administrative | 14.64M | 14.51M | 12.96M | 12.34M | 11.90M | 11.80M |
| Other Non-Interest Expense | 4.10M | 4.18M | 3.61M | 3.98M | 3.42M | 3.59M |
| Total Non-Interest Expense | 48.46M | 47.00M | 42.96M | 41.96M | 42.31M | 44.81M |
| EBT Excluding Unusual Items | 20.32M | 17.54M | 13.81M | 14.77M | 14.04M | 19.29M |
| Asset Writedown | 240.00K | -289.00K | 41.00K | -50.00K | 1.28M | 3.44M |
| Pretax Income | 20.56M | 17.25M | 13.86M | 14.72M | 15.32M | 22.72M |
| Income Tax Expense | 3.90M | 3.28M | 2.39M | 2.62M | 2.79M | 4.45M |
| Net Income | 16.66M | 13.97M | 11.47M | 12.10M | 12.52M | 18.28M |
| Preferred Dividends & Other Adjustments | 26.00K | 26.00K | 34.00K | 29.00K | 27.00K | 21.00K |
| Net Income to Common | 16.63M | 13.95M | 11.44M | 12.07M | 12.49M | 18.26M |
| Basic Shares Outstanding | 6.22M | 6.37M | 6.66M | 6.83M | 7.00M | 7.44M |
| Diluted Shares Outstanding | 6.24M | 6.39M | 6.68M | 6.92M | 7.08M | 7.49M |
| EPS (Basic) | 2.67 | 2.19 | 1.72 | 1.77 | 1.78 | 2.45 |
| EPS (Diluted) | 2.67 | 2.19 | 1.72 | 1.75 | 1.77 | 2.44 |
| Dividend Per Share | 0.62 | 0.60 | 0.56 | 0.52 | 0.48 | 0.42 |
| Effective Tax Rate | 18.98% | 19.02% | 17.22% | 17.82% | 18.25% | 19.57% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 102.43M | 71.54M | 25.93M | 22.96M | 27.82M | 149.51M |
| Investment Securities | 1.72M | 29.81M | 33.53M | 32.38M | 35.08M | 37.77M |
| Trading Asset Securities | 1.48M | 4.10M | 3.68M | 5.56M | 3.68M | |
| Mortgage-Backed Securities | 177.77M | 159.95M | 169.62M | 188.87M | 205.84M | 228.13M |
| Total Investments | 179.48M | 191.25M | 207.25M | 224.93M | 246.47M | 269.58M |
| Gross Loans | 1.22B | 1.18B | 1.05B | 1.00B | 962.08M | 822.71M |
| Allowance for Loan Losses | -16.38M | -16.11M | -15.10M | -15.79M | -13.82M | -13.80M |
| Net Loans | 1.20B | 1.16B | 1.03B | 984.43M | 948.26M | 808.91M |
| Property, Plant & Equipment | 20.77M | 21.69M | 20.46M | 21.38M | 22.83M | 23.21M |
| Goodwill | 27.16M | 27.16M | 23.24M | 23.24M | 23.24M | 23.19M |
| Loans Held for Sale | 5.39M | 1.76M | 6.77M | 2.52M | 2.07M | 7.47M |
| Accrued Interest Receivable | 5.99M | 5.49M | 4.91M | 4.66M | 4.09M | 2.92M |
| Other Real Estate Owned & Foreclosed | 1.06M | 104.00K | 511.00K | 777.00K | 2.10M | |
| Other Long-Term Assets | 69.80M | 61.90M | 59.33M | 58.62M | 60.08M | 43.96M |
| Total Assets | 1.61B | 1.55B | 1.38B | 1.34B | 1.34B | 1.33B |
| Interest Bearing Deposits | 1.11B | 1.03B | 897.01M | 819.11M | 814.49M | 861.23M |
| Institutional Deposits | 23.86M | 23.44M | 22.38M | 15.37M | 4.77M | |
| Non-Interest Bearing Deposits | 270.03M | 254.06M | 232.16M | 228.71M | 256.80M | 247.04M |
| Total Deposits | 1.38B | 1.31B | 1.15B | 1.07B | 1.09B | 1.11B |
| Short-Term Borrowings | 6.29M | 10.72M | 14.63M | 17.06M | 20.48M | 19.01M |
| Current Portion of Leases | 308.00K | |||||
| Accrued Interest Payable | 2.57M | 2.46M | 2.35M | 2.44M | 769.00K | 299.00K |
| Long-Term Debt | 19.77M | 19.74M | 19.69M | 19.64M | 19.59M | 19.55M |
| Federal Home Loan Bank Debt, Long-Term | 22.50M | 35.00M | 35.00M | 83.60M | 60.00M | 5.50M |
| Long-Term Leases | 1.16M | |||||
| Trust Preferred Securities | 10.31M | 10.31M | 10.31M | 10.31M | 10.31M | 10.31M |
| Other Long-Term Liabilities | 25.84M | 17.18M | 17.42M | 15.64M | 19.39M | 18.22M |
| Total Liabilities | 1.47B | 1.40B | 1.25B | 1.22B | 1.22B | 1.19B |
| Common Stock | 61.32M | 61.32M | 61.32M | 61.32M | 61.32M | 54.46M |
| Additional Paid-In Capital | 15.18M | 15.16M | 15.19M | 15.12M | 15.09M | 14.94M |
| Retained Earnings | 136.07M | 126.31M | 116.19M | 108.49M | 101.97M | 99.72M |
| Treasury Stock | -41.09M | -40.07M | -34.96M | -30.76M | -27.82M | -22.35M |
| Comprehensive Income & Other | -27.14M | -21.48M | -30.23M | -29.83M | -32.12M | -1.84M |
| Total Common Equity | 144.34M | 141.24M | 127.51M | 124.34M | 118.43M | 144.93M |
| Shareholders' Equity | 144.34M | 141.24M | 127.51M | 124.34M | 118.43M | 144.93M |
| Total Liabilities & Equity | 1.61B | 1.55B | 1.38B | 1.34B | 1.34B | 1.33B |
| Total Debt | 58.87M | 77.25M | 79.64M | 130.61M | 110.39M | 54.36M |
| Net Cash (Debt) | 45.27M | -3.08M | -48.04M | -102.43M | -74.87M | 101.47M |
| Net Cash Per Share | 7.25 | -0.48 | -7.19 | -14.81 | -10.58 | 13.55 |
| Filing Date Shares Outstanding | 6.20M | 6.30M | 6.53M | 6.79M | 7.00M | 7.21M |
| Total Common Shares Outstanding | 6.20M | 6.28M | 6.55M | 6.77M | 6.94M | 7.23M |
| Book Value Per Share | 23.30 | 22.50 | 19.47 | 18.37 | 17.08 | 20.05 |
| Tangible Book Value | 117.19M | 114.08M | 104.27M | 101.10M | 95.19M | 121.74M |
| Tangible Book Value Per Share | 18.91 | 18.18 | 15.92 | 14.94 | 13.72 | 16.84 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 13.97M | 11.47M | 12.10M | 12.52M | 18.28M | |
| Depreciation & Amortization | 4.22M | 3.55M | 3.57M | 4.01M | 6.22M | |
| Gain (Loss) on Sale of Investments | 432.00K | 493.00K | -931.00K | 897.00K | 1.24M | |
| Total Asset Writedown | 289.00K | -41.00K | 50.00K | -1.28M | -3.44M | |
| Provision for Credit Losses | 1.31M | 124.00K | 315.00K | 1.05M | ||
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 7.70M | -1.79M | 1.89M | 8.32M | 12.44M | |
| Accrued Interest Receivable | -582.00K | -251.00K | -566.00K | -1.17M | 879.00K | |
| Change in Other Net Operating Assets | 5.02M | -2.66M | 3.88M | -2.01M | 2.01M | |
| Other Operating Activities | -111.00K | 2.02M | 1.88M | 2.71M | 2.30M | |
| Operating Cash Flow | 24.04M | 9.45M | 13.99M | 25.57M | 17.26M | |
| Capital Expenditures | -2.60M | -1.23M | -958.00K | -1.90M | -2.43M | |
| Cash Acquisitions | -3.01M | -1.10M | ||||
| Investment in Securities | 54.16M | 17.09M | 22.04M | -14.23M | -117.04M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -115.65M | -46.77M | -38.74M | -139.67M | 48.50M | |
| Other Investing Activities | -979.00K | 1.97M | 261.00K | -9.88M | 79.00K | |
| Investing Cash Flow | -68.08M | -28.95M | -17.39M | -165.67M | -71.99M | |
| Long-Term Debt Issued | 133.00M | 810.50M | 232.00M | |||
| Total Debt Issued | 133.00M | 810.50M | 232.00M | |||
| Short-Term Debt Repaid | -1.35M | -2.80M | -1.54M | -397.00K | -4.87M | |
| Long-Term Debt Repaid | -1.00M | -181.60M | -786.90M | -177.50M | -2.50M | |
| Total Debt Repaid | -2.35M | -184.40M | -788.44M | -177.90M | -7.37M | |
| Net Debt Issued (Repaid) | -2.35M | -51.40M | 22.06M | 54.10M | -7.37M | |
| Repurchase of Common Stock | -5.69M | -4.77M | -3.47M | -5.90M | -9.52M | |
| Common Dividends Paid | -3.85M | -3.77M | -3.58M | -3.42M | -3.14M | |
| Total Dividends Paid | -3.85M | -3.77M | -3.58M | -3.42M | -3.14M | |
| Net Increase (Decrease) in Deposit Accounts | 101.55M | 82.40M | -16.46M | -26.38M | 64.03M | |
| Other Financing Activities | 19.55M | |||||
| Financing Cash Flow | 89.66M | 22.46M | -1.45M | 18.41M | 63.55M | |
| Net Cash Flow | 45.62M | 2.96M | -4.85M | -121.69M | 8.82M | |
| Free Cash Flow | 21.44M | 8.22M | 13.03M | 23.67M | 14.83M | |
| Free Cash Flow Margin | 33.21% | 14.48% | 22.97% | 42.01% | 23.14% | |
| Free Cash Flow Per Share | 3.36 | 1.23 | 1.88 | 3.35 | 1.98 | |
| Cash Interest Paid | 25.58M | 24.52M | 17.20M | 4.70M | 4.34M | |
| Cash Income Tax Paid | 2.05M | 417.00K | 4.23M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 191.39M | 138.99M | 137.70M | 104.41M | 118.67M | 136.83M |
| Last Close Price | 30.89 | 21.82 | 19.92 | 14.11 | 15.00 | 16.14 |
| PE Ratio | 11.56 | 9.96 | 12.04 | 8.65 | 9.50 | 7.50 |
| PS Ratio | 2.78 | 2.15 | 2.42 | 1.84 | 2.11 | 2.13 |
| PB Ratio | 1.33 | 0.98 | 1.08 | 0.84 | 1.00 | 0.94 |
| P/FCF Ratio | 8.30 | 6.48 | 16.75 | 8.01 | 5.01 | 9.23 |
| P/OCF Ratio | 7.72 | 5.78 | 14.57 | 7.46 | 4.64 | 7.93 |
| Debt / Equity Ratio | 0.41 | 0.55 | 0.62 | 1.05 | 0.93 | 0.38 |
| Debt / FCF Ratio | 3.60 | 9.69 | 10.02 | 4.66 | 3.67 | |
| Net Debt / Equity Ratio | -0.31 | 0.02 | 0.38 | 0.82 | 0.63 | -0.70 |
| Net Debt / FCF Ratio | 0.14 | 5.84 | 7.86 | 3.16 | -6.84 | |
| Return on Equity (ROE) | 11.84% | 10.40% | 9.11% | 9.96% | 9.51% | 12.70% |
| Return on Assets (ROA) | 1.07% | 0.96% | 0.84% | 0.90% | 0.94% | 1.41% |
| Earnings Yield | 8.65% | 10.05% | 8.33% | 11.58% | 10.55% | 13.36% |
| FCF Yield | 12.04% | 15.42% | 5.97% | 12.48% | 19.95% | 10.84% |
| Dividend Yield | 2.07% | 2.71% | 2.66% | 3.37% | 2.80% | 2.21% |
| Payout Ratio | 23.95% | 27.54% | 32.87% | 29.63% | 27.27% | 17.17% |
| Buyback Yield / Dilution | 3.57% | 4.37% | 3.43% | 2.27% | 5.46% | 6.61% |
| Total Shareholder Return | 5.64% | 7.08% | 6.09% | 5.65% | 8.26% | 8.83% |