Sb Financial Group, Inc. shares rise 1.54% after-hours following California's adoption of single sales factor apportionment for financial institutions.

Sb Financial Group, Inc. rose 1.54% in after-hours trading. The company is likely benefiting from California's recent adoption of the single sales factor apportionment for financial institutions, which simplifies tax calculations and could improve profitability. This change aligns with California's broader move toward sales-based apportionment, potentially making the company more competitive.