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SB Financial Group Inc (SBFG)
NASDAQ:SBFG
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.32Last Year’s EPS
0.33Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 18, 2018
|% Change Since: 7.04%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a balanced perspective with several achievements such as a successful acquisition and loan growth. However, challenges like elevated charge-offs and increased operating expenses were also evident. The sentiment is balanced between positive growth in strategic areas and challenges in maintaining profitability.Company Guidance
During the SB Financial Fourth Quarter 2024 earnings call, executive Mark Klein highlighted several key metrics that underscored the company's performance amid a challenging economic environment. The quarter saw a net income of $3.6 million, with diluted earnings per share (EPS) of $0.55, and a tangible book value per share increase to $16, representing a 7% rise. Net interest income grew by 13.7% to $10.9 million compared to the previous year. Loan growth was strong, with a $46.5 million increase, marking a 4.7% rise for the quarter. Deposits were stable, rising by over $82 million to $1.15 billion. Mortgage originations reached $73 million for the quarter and $261 million for the year, reflecting a 21% increase over 2023. Noninterest income rose slightly to $4.6 million. Notably, SB Financial successfully completed the acquisition of The Marblehead Bank, adding $22 million in loans and $52 million in deposits to their portfolio. The quarter's efficiency ratio stood at 71.1%, with operating expenses flat to the linked quarter but up 6.1% from the previous year. Despite a slight spike in charge-offs to 7 basis points, asset quality metrics remained consistent. The company also repurchased 130,000 shares during the quarter and returned nearly $8.5 million to shareholders in 2024 through buybacks and dividends. Looking forward, SB Financial anticipates further growth in loan portfolios, particularly in the Columbus region, and plans to expand its presence in the Cincinnati and Indiana markets.Successful Acquisition
SB Financial successfully closed the acquisition of The Marblehead Bank, expanding presence into Ottawa County, Ohio. This acquisition is expected to bring $50+ million in deposits and $22 million in loans, contributing positively to future growth.
Strong Loan Growth
Loan growth for the quarter was $46.5 million, up 4.7%, marking the third consecutive quarter of sequential loan growth. The Columbus region contributed significantly to this growth.
Net Interest Income Increase
Net interest income totaled $10.9 million for Q4 2024, an increase of 13.7% from the prior year, reflecting higher loan balances and improved asset yields.
Improved Tangible Book Value
Tangible book value per share ended the quarter at $16, up from $14.98, marking a 7% increase.
Mortgage Business Recovery
Mortgage originations for the year totaled $261 million, a 21% increase over 2023, indicating a recovery in the mortgage business line.
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SBFG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SBFG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 23, 2025 | $20.75 | $21.22 | +2.27% |
| Oct 24, 2024 | $20.09 | $18.85 | -6.17% |
| Jul 18, 2024 | $15.20 | $14.85 | -2.30% |
| Apr 18, 2024 | $12.97 | $13.07 | +0.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SB Financial Group Inc (SBFG) report earnings?
SB Financial Group Inc (SBFG) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is SB Financial Group Inc (SBFG) earnings time?
SB Financial Group Inc (SBFG) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SBFG EPS forecast?
SBFG EPS forecast for the fiscal quarter 2025 (Q1) is 0.32.
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