10-K · March 6, 2026
SB Financial describes a community-focused regional banking franchise (commercial banking, trust/wealth management, title and insurance services) operating 27 banking centers and four loan production offices. Fiscal…
Earnings analysis · 10-Q
SBFG earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
In Q1 2026, SBFG reported positive growth across key financial metrics, with revenue rising 13.3% year-over-year to $17.4 million and EPS increasing by 109% to $0.69. Net income surged substantially due to increased…
Read full summary
In Q1 2026, SBFG reported positive growth across key financial metrics, with revenue rising 13.3% year-over-year to $17.4 million and EPS increasing by 109% to $0.69. Net income surged substantially due to increased interest income despite rising costs, highlighting efficiency gains in the mortgage segment, which shows strong volume growth.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.63
What stood out
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Strong Revenue Growth
Revenue increased by 13.3% YoY to $17.4 million from $15.4 million.
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Record Net Income Jump
Net income rose 99.1% to $4.3 million, up from $2.2 million.
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Improved EPS Performance
Diluted EPS increased to $0.69 in Q1 2026, a 109% rise from $0.33.
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Mortgage Volume Up
Mortgage loan volume increased 36% YOY, with $65.8 million in loans originated.
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Decrease in Operating Expenses
Total noninterest expenses decreased by $0.5 million to $11.9 million.
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Lower Provision for Credit Losses
Provision for credit losses fell to $214,000 compared to $387,000 in Q1 2025.
What to watch
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Increased Interest Expenses
Higher interest expenses on deposits and wholesale borrowings impacted earnings, contributing to pressures on margins.
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Rising Regulatory Costs
Increased costs due to evolving regulatory requirements could pressure profitability in the near term.
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Economic Environment Vulnerability
Economic fluctuations and geopolitical tensions could adversely impact loan repayment and overall business performance.
Management's outlook
No explicit forward guidance provided, but management remains cautiously optimistic given current trends.
Earlier filings 4
10-Q · August 7, 2025
SB Financial Group reported a strong quarter with total revenue (net interest income plus noninterest income) of $17,176,000 (Q2 2025) and diluted EPS of $0.60, both up versus the year-ago quarter. Deposits, loans and…
10-K · March 7, 2025
SB Financial Group is a regional financial holding company focused on community commercial banking and adjacent services (wealth management, title, insurance) operating 25 banking centers and seven loan production…
10-Q · November 7, 2024
SB Financial Group reported quarter results with total revenue of $20,671,000 (interest income $16,548,000 + noninterest income $4,123,000), up versus the prior-year quarter ($18,959,000). Operating income before tax…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.