What drove SBFG's earnings growth in 2024?

SB Financial Group's (SBFG) earnings growth in 2024 was driven by several key factors:

1. **Mortgage Banking Revenue Surge**: There was a significant increase in mortgage banking revenue, which contributed to the overall growth in earnings. This surge reflects the company's successful strategic focus on this segment.
2. **Strong Loan Growth**: SBFG experienced strong loan growth, which is a positive indicator for its financial performance. This growth likely led to higher interest income, supporting the increase in earnings.
3. **Effective Risk Management**: The company's focus on reducing nonperforming assets by 25.3% indicates effective risk management. This reduces the provisions for loan losses, thereby enhancing profitability.
4. **Strategic Optimism**: Despite challenges, SBFG demonstrated strategic optimism, which likely led to better operational efficiencies and decision-making. This proactive approach likely contributed to improved financial performance.

In summary, SBFG's earnings growth in 2024 was driven by a combination of mortgage banking revenue surge, strong loan growth, effective risk management, and strategic optimism. These factors collectively contributed to the company's financial success.