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Did SB Financial Group beat or miss consensus estimates last quarter?

What factors drove the changes in SB Financial Group's revenue and profit?

What is the revenue and EPS growth rate for SB Financial Group year over year?

What were the key takeaways from SB Financial Group’s earnings call?

What is the market's earnings forecast for SB Financial Group next quarter?

- **Record Financial Performance**: Full year GAAP EPS $2.19 (27% YoY), Q4 EPS $0.63 (15% YoY). 
- **Strong Balance Sheet Growth**: Loans +12.8% YoY ($133.9M), deposits +13% YoY ($155M). 
- **Profitable Expansion**: Operating leverage 2x, expense growth 7.7% vs. 15.1% revenue growth. 
- **Mortgage Growth Pipeline**: 2026 originations target $310-375M (+10-20% YoY). 
- **Credit Discipline**: NPL ratio 0.39%, allowance 1.36% of loans, 352% NPL coverage.

**【CEO Summary Section】**
- **Revenue Growth**: Full year GAAP EPS of $2.19, up 27% YoY, driven by net interest income growth of 21% ($8.5M). Q4 net income $3.9M, EPS $0.63 (+15% YoY). 
- **Loan & Deposit Expansion**: Q4 loan growth $70M (25% annualized), full year +12.8% ($133.9M). Deposit growth $45M (14% annualized), full year +13% ($155M). 
- **Strategic Initiatives**: 5 key pillars - revenue diversification, scale efficiency, wallet share, operational excellence, asset quality. Mortgage originations $72.4M Q4, annualized pipeline $25-30M. 
- **Balance Sheet Strength**: Total assets $3.6B, liquidity $50M excess + $160M wholesale capacity. Loan-to-deposit ratio 90.3%. 
- **Credit Quality**: NPL ratio 0.39%, down YoY. Charge-offs 4bps Q4, 2bps full year. Allowance 1.36% of loans, 352% coverage of NPLs. 

**【CFO Financial Commentary】**
- **Net Interest Income**: Q4 $12.7M (+17% YoY), full year $48.4M (+21%). 50% from balance sheet growth, 50% margin expansion. 
- **Expense Management**: Q4 noninterest expense down 2.3% linked quarter, full year +7.7% vs. 15.1% revenue growth. Operating leverage 2x. 
- **Capital Management**: Q4 share buyback $0.5M, full year $2.8M. Tangible book value $18M (+12.5% YoY). 
- **Margin Outlook**: NIM 3.51% Q4, expects gradual decline 5-7bps in 2026. $125-140M loans repricing H1 2026. 

**【Q&A Highlights】**
- **Mortgage Outlook**: 2026 originations $310-375M (+10-20% YoY). Backlog capacity for $400M+ with 23 lenders. 
- **Expense Growth**: Target 3.5-4% YoY, aiming for 1.5-2x operating leverage. 
- **Credit Quality**: NPLs $4.7M, classified loans $5.7M (-15% YoY). Workout plans to reduce NPLs in 2026. 
- **Deposit Strategy**: Focus on lower-cost deposits (Marblehead acquisition at 1.35% avg rate).

SB Financial Group, Inc. (SBFG) Q4 2025 Earnings Call Transcript

- **Revenue Growth**: 7.8% YoY loan growth, 9% YoY deposit growth, net interest income up 21%.
- **Margin Expansion**: 3.48% net interest margin, 3.5x operating leverage, 24% payout ratio.
- **Strategic Moves**: $100 million ag lending expansion, $800 million Napoleon market pursuit, wealth management partnership.
- **Credit Strength**: 1.44% allowance coverage, 25bps NPA target, 45bps delinquency rate.
- **Mortgage Outlook**: 2026 originations targeting $320-350 million with rates below 6%.

**【Management Opening Remarks】**
- CEO Mark Klein highlighted Q3 net income of $4 million and EPS of $0.64, up 83% YoY. Loan growth of 7.8% YoY and deposit growth of $103 million (9% YoY) driven by Marblehead integration and new market entry in Napoleon, Ohio.
- Emphasized disciplined lending, core deposit growth, and expense management. Mortgage originations at $67.6 million, with pipeline strengthening as 30-year rates fall below 6%.

**【CEO Commentary】**
- Q3 net interest income up 21% YoY to $12.3 million. Loan growth of $80.6 million (7.8% YoY) across Columbus and CRE. Deposit growth of $103 million (9% YoY), with $51 million from Marblehead.
- Tangible book value per share increased 4.4% to $17.21. Mortgage servicing rights up 7%, adding $175k annual revenue. Wealth management partnership with Advisor Alpha to expand client base.
- Operating leverage improved to 3.5x, with expenses up 9.5% YoY vs 18.5% revenue growth. Mortgage originations focused on purchase (80%) and construction (7%), with minimal refinancing.

**【CFO Financial Commentary】**
- GAAP net income $420 million, Non-GAAP EPS $1.08 (vs $0.80 prior year). Net interest margin 3.48%, up 18bps YoY. Funding costs stable at 2.33%, lowest since 2024Q3.
- Fee income $4.2 million (2.9% YoY growth). Mortgage banking contribution $1.5 million, up 10% YoY. Buyback of 101k shares ($4.5 million YTD) at 115% TBV.
- Asset quality: Charge-offs 0bps, NPA 25bps target. Allowance 1.44% of loans, 345% coverage of NPAs. Delinquencies 45bps, down 1.7 million YoY.

**【Q&A Highlights】**
- **Loan Growth**: Expect $15-20 million Q4 growth, targeting $80-100 million 2026. Ag lending expansion with $100 million portfolio target. Liquidity of $75 million to fund loans at 300bps spread.
- **Margin Outlook**: 3.5% peak for 2025Q3, stable in 2026 with asset repricing offsetting funding cost increases. 75bps rate decline would reduce HELOC income by $350k annually.
- **Credit Quality**: Target NPA 25bps, reserve 1.25-1.30%. $500k-$1 million NPAs expected to resolve in 6 months. CECL modeling may limit reserve reductions.
- **Mortgage Volume**: Q4 originations $80 million, 2026 targeting $320-350 million if rates stay below 6%. Refinance mix could rise to 20% if rates stabilize.
- **Capital Allocation**: Slowing buybacks to retain capital for potential M&A. Debt refinancing consideration in 2026. Dividend yield 3.1%, payout ratio 24%.

SB Financial Group, Inc. (SBFG) Q3 2025 Earnings Call Transcript

- **EPS Growth**: 28% YoY to $0.60, driven by NII expansion and loan growth.
- **Balance Sheet Expansion**: Assets exceed $3.5 billion, with $1.5B loans and $1.5B servicing portfolio.
- **Mortgage Momentum**: $98M Q2 origination, pipeline at $34M, Indianapolis team outperforming.
- **Margin Expansion**: NIM up 36bps to 3.5%, targeting 3.70% by year-end.
- **Credit Quality**: Charge-offs <2bps, allowance coverage at 1.43%.
- **Capital Returns**: $0.15 dividend (3.16% yield), cautious M&A approach.

**【CEO Summary Section】**
- **Revenue Growth**: Net income of $3.9 million, EPS up 28% YoY to $0.60. Adjusted EPS was $0.58 after servicing rights recapture.
- **Loan & Deposit Expansion**: Loan growth of $90 million (8.9% YoY), deposits up 12% YoY ($135 million), including $51 million from Marblehead acquisition.
- **Mortgage Performance**: Origination volume of $98 million (up YoY and QoQ), pipeline at $34 million. Indianapolis team delivered strongest quarter since 2019.
- **Strategic Initiatives**: Focus on revenue diversity (NIM + fee-based), organic growth, operational excellence, and asset quality. Added to Russell 2000 Index.

**【CFO Financial Commentary】**
- **Net Interest Income (NII)**: $12.1 million (25% YoY growth), margin expanded 36bps to 3.5%.
- **Noninterest Income**: $5 million (15.1% YoY growth), driven by mortgage gains, title fees, and wealth management.
- **Expense Management**: Operating expenses down 4.5% QoQ, stable at $11.9 million vs. $10.7 million YoY.
- **Capital Returns**: Repurchased 124,000 shares ($19 avg price), dividend of $0.15 (3.16% yield, 25% payout ratio).
- **Asset Quality**: Charge-offs <2bps, NPA $6.2 million, allowance at 1.43% of loans.

**【Q&A Highlights】**
- **Mortgage Outlook**: Optimistic for $300+ million annual origination, 83% sale ratio, 2.13% gain on sale yield. Potential for $400+ million if rates drop.
- **Loan Pipeline**: $40 million undrawn CRE loans to fund over next 12-18 months. Columbus CRE growth driven by 4 lenders.
- **Net Interest Margin (NIM)**: Expect 10bps expansion to 3.70% by year-end, supported by $100-150 million annual loan repricing.
- **Credit Resolution**: $1.5 million NPA expected to resolve in Q3, reducing provision expense.
- **Capital Allocation**: Slowing buybacks to explore M&A opportunities, maintaining capital above 10%.


SB Financial (SBFG)-25 Jul 25-2025 Q2 Earnings call transcript

- **Record Q1 Growth**: 27% EPS increase, 23% net interest income rise, $97 million loan growth. 
- **Marblehead Synergy**: $56M low-cost deposits, $19M loan book addition. 
- **Pipeline Confidence**: $60M loan pipeline, 40% YoY origination growth. 
- **NIM Expansion**: 140bps repricing gain, 4-5bps quarterly margin growth. 
- **Mortgage Recovery**: $33M April origination, targeting $300M+ annualized. 
- **Strong Capital**: 12+ CET1 ratio, 1.41% ACL coverage.

**【CEO Summary Section】**
- **Q1 2025 Financial Highlights**: Net income of $2.7 million (EPS $0.42), up 27% YoY. Tangible book value per share increased 5.8% to $15.79. Net interest income rose 23% to $11.3 million. Loan growth of $97 million (9.8% YoY), driven by Columbus and Marblehead acquisition. Deposits grew 10% YoY to $1.27 billion, including $56 million from Marblehead.
- **Strategic Initiatives**: Mortgage origination pipeline at $50 million, targeting $400 million annual production. Digital banking officer appointed to enhance online services. Efficiency ratio improved to 76% (excluding acquisition costs). Asset quality stable with charge-offs at 3 basis points.

**【CFO Financial Commentary】**
- **Net Interest Margin (NIM)**: 3.4% for Q1, up 5 basis points from linked quarter. $90 million in loans set to reprice, adding 140 basis points to yields. Deposit cost of funds at 1.7%, down 12 basis points YoY. 
- **Balance Sheet Strength**: $1.09 billion in loans, 86% loan-to-deposit ratio. Public fund deposits contributed $119 million in linked-quarter growth but expected to moderate. Capital management includes $26.5K share buyback at $21 average price.
- **Asset Quality**: Allowance for credit losses at 1.41% of loans, covering 254% of non-performing loans. Criticized loans down 18% YoY to $7.1 million.

**【Q&A Key Takeaways】**
- **Loan Growth Outlook**: 8-10% YoY target remains, with $60 million pipeline confidence. Columbus market leading with 4 seasoned lenders. 
- **Mortgage Recovery**: April origination of $33 million suggests Q2-Q3 pipeline could exceed $100 million, targeting $300-350 million annualized. 
- **NIM Expansion**: Expect 4-5 basis points quarterly improvement, targeting 3.55-3.60% by Q4. Deposit cost reductions offsetting loan repricing. 
- **Capital Allocation**: Buyback paused at $130% of tangible book; dividend payout ratio to normalize at 30%. No immediate M&A plans beyond Marblehead integration.

SB Financial (SBFG)-2 May 25-2025 Q1 Earnings call transcript

- **Revenue Growth**: 2024 mortgage originations up 21% to $261 million; Q4 loan growth 4.7%, deposit growth 82 million. 
- **Strategic Expansion**: Cincinnati market to add 6 MLOs, targeting $400 million in 2025 originations. Marblehead acquisition adds $22 million in high-yield loans. 
- **Margin Outlook**: 2025 net interest margin expected to expand to 3.50-3.55%, driven by repricing and $30 million in redeployed liquidity. 
- **Financial Discipline**: 2025 expense growth limited to 2.5-3.5%, with 74% of net income returned to shareholders in 2024.

**【CEO Summary Section】**
- **2024 Year in Review**: Delivered net income of $3.6 million (Q4) and EPS of $0.55, with loan growth of $46.5 million (4.7% QoQ) and deposit growth of $82 million YoY. Mortgage originations reached $261 million (+21% YoY). 
- **Strategic Initiatives**: Expanded into Cincinnati with $3 million in originations and added 6 MLOs. Ohio Homebuyer Plus program drove deposit growth. 2025 targets include $400 million in mortgage originations and 8%+ loan growth. 
- **Balance Sheet Management**: Reduced residential real estate loans by $10 million, focusing on salable products. 20% of loan portfolio set to reprice in 2025, supporting margin expansion. 
- **Capital Allocation**: Returned $8.5 million to shareholders via buybacks and dividends (74% of net income). Acquired Marblehead Bank for $50 million in deposits and $22 million in loans. 

**【CFO Financial Commentary】**
- **Net Interest Income**: $10.9 million (Q4, +13.7% YoY), driven by higher loan balances and stable funding costs (deposit cost of 1.78%). Full-year NII up 1.7% to $39.9 million. 
- **Noninterest Income**: $4.6 million (Q4, +10.5% QoQ), boosted by wealth management (+73% YoY) and mortgage servicing rights. Full-year noninterest income down 4% YoY but still 29.5% of total revenue. 
- **Efficiency Ratio**: 71.1% (Q4), up from 68.4% YoY, reflecting cost control amid growth investments. Operating expenses flat QoQ at $42.9 million. 
- **Asset Quality**: Non-performing loans at 53 basis points, charge-offs at 7 basis points (Q4). Allowance for credit losses at 274% coverage. 

**【Q&A Key Takeaways】**
- **2025 Mortgage Outlook**: Target $400 million in originations, up from $261 million in 2024. Cincinnati market to add 2-4 MLOs, contributing $10-11 million per MLO. 
- **Loan Pipeline**: $30 million undrawn in Columbus, with $80-90 million loan growth expected YoY. Marblehead acquisition adds $22 million in loans at 6.5-7.0% yields. 
- **Net Interest Margin**: Anticipated 3.50-3.55% by Q4 2025, driven by repricing and $30 million in redeployed liquidity. 
- **Expense Discipline**: 2025 expense growth capped at 2.5-3.5%, with focus on revenue-driven spending. Marblehead expenses minimal relative to accretion ($0.15-0.20 EPS).

Actual									0.2952	0.6762	0.619	0.7333	0.6476	0.5048	0.5333	0.42	0.3	0.37	0.47	0.49	0.34	0.45	0.4	0.57	0.33	0.46	0.41	0.52	0.42	0.58	0.68	0.65
Forecast									0.2286	0.4	0.4952	0.3905	0.5619	0.5143	0.4381	0.3619	0.25	0.33	0.4	0.45	0.4	0.38	0.41	0.35	0.3	0.35	0.42	0.41	0.4	0.54	0.62	0.64	0.6
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+29.13%	+69.05%	+25.00%	+87.78%	+15.25%	-1.85%	+21.73%	+16.05%	+20.00%	+12.12%	+17.50%	+8.89%	-15.00%	+18.42%	-2.44%	+62.86%	+10.00%	+31.43%	-2.38%	+26.83%	+5.00%	+7.41%	+9.68%	+1.56%	0.00%

Actual	--	--	--	--	--	--	--	--	10.71M	17.49M	19.68M	18.76M	20.55M	15.69M	16.67M	15.67M	13.39M	14.27M	14.47M	14.53M	13.99M	14.19M	13.70M	15.13M	12.95M	14.01M	14.77M	15.17M	15.39M	17.02M	16.88M	16.58M	--
Forecast	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

SBFG

SBFG fundamentals

SBFG Q1 2026 Earnings Preview

Earnings Call

You can ask Aime

SBFG

SBFG fundamentals

SBFG Q1 2026 Earnings Preview

Earnings Call

SBFG Earnings Call Summary for Q1/2026Upcoming11:00 AM on Apr 24, 2026

SBFG Earnings Call Summary for Q4/202511:00 AM on Jan 30, 2026

SBFG Earnings Call Summary for Q3/202511:00 AM on Oct 31, 2025

SBFG Earnings Call Summary for Q2/202511:00 AM on Jul 25, 2025

SBFG Earnings Call Summary for Q1/202511:00 AM on May 2, 2025

You can ask Aime