SB Financial Group (SBFG) AI Stock Analysis

• Market Cap: $126.72M
• Dividend Yield: 2.93%
• Average Volume (3M): 51.73K
• Price to Earnings (P/E): 10.6
• Beta (1Y): 0.31
• Revenue Growth: 9.89%
• EPS Growth: 2.74%
• Country: US
• Employees: 262
• Sector: Financial
• Sector Strength: 72
• Industry: Banks - Regional
• EPS (TTM): 0.58
• Shares Outstanding: 6,525,127
• 10 Day Avg. Volume: 18,258
• 30 Day Avg. Volume: 51,725
• PEG Ratio: -0.35
• Price to Book (P/B): 1.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 5.02
• Enterprise Value/Market Cap: 1.45
• Enterprise Value/Revenue: 0.61
• Enterprise Value/Gross Profit: 2.58
• Enterprise Value/Ebitda: 4.07
• 1Y Price Target: $19.50
• Price Target Upside: 0.98% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 75 Outperform
• Price Target: $22.00 ▲(13.93%Upside)

SB Financial Group's overall score reflects its strong financial performance and attractive valuation. Technical indicators are mixed, warranting caution. The earnings call and corporate events add positive sentiment, highlighting growth and shareholder value.

SB Financial Group Business Overview & Revenue Model

Company Description

SB Financial Group, Inc. provides a range of commercial banking and wealth management services to individual and corporate customers primarily in Ohio, Indiana, and Michigan. It offers checking, savings, money market accounts, as well as time certificates of deposit; and commercial, consumer, agricultural, and residential mortgage loans. The company also provides automatic teller machine, personal and corporate trust, commercial leasing, bank credit card, safe deposit box rental, internet banking, private client group, and other personalized banking products and services; and various trust and financial services comprising asset management services for individuals and corporate employee benefit plans, as well as brokerage services. In addition, it sells insurance products to retail and commercial customers. As of December 31, 2021, the company operated a network of 22 banking centers in the Ohio counties of Allen, Defiance, Franklin, Fulton, Hancock, Lucas, Paulding, Wood, and Williams; and one banking center in Allen County, Indiana. It also operated five loan production offices in Franklin and Lucas Counties, Ohio; Hamilton and Steuben Counties, Indiana; and Monroe County, Michigan. The company was formerly known as Rurban Financial Corp. and changed its name to SB Financial Group, Inc. in April 2013. SB Financial Group, Inc. was incorporated in 1983 and is headquartered in Defiance, Ohio.

How the Company Makes Money

SB Financial Group makes money through various revenue streams, primarily driven by its banking operations. The company earns interest income from loans and mortgages extended to individual and commercial clients. Additionally, SBFG generates revenue through non-interest income sources such as fees and commissions from wealth management and investment services, as well as transaction fees from its banking operations. The company also benefits from strategic partnerships and alliances with other financial institutions, which enhance its product offerings and expand its market reach. Key factors contributing to SBFG's earnings include its robust loan portfolio, diversified service offerings, and strong customer base.

SB Financial Group Financial Statement Overview

Summary

SB Financial Group presents a solid financial structure with strong revenue growth and operational efficiency. The income statement shows positive trends in revenue and EBIT margins, although there's a slight decline in net profit margin. The balance sheet is strengthened by being debt-free, but return on equity could be improved. Cash flow management remains a challenge with declining cash flows, indicating room for improvement.

Income Statement

SB Financial Group shows a mixed performance. The gross profit margin remains strong at 100% due to total revenue equaling gross profit. However, the net profit margin decreased slightly to 17.82% in 2024 from 21.22% in 2023, indicating rising costs or decreased efficiency. Revenue growth improved by 12.91% from 2023 to 2024, marking a positive trend. The EBIT margin improved significantly to 94.21% in 2024, indicating better operational efficiency. Nevertheless, the absence of EBITDA data limits comprehensive analysis.

Balance Sheet

The company maintains a solid equity position with an equity ratio of 9.24% in 2024, albeit slightly lower than the previous year. The absence of debt in 2024 improves the balance sheet's strength, with a debt-to-equity ratio of 0. Return on equity decreased slightly to 8.99% from 9.73%, suggesting a slight decline in efficiency in generating returns from equity. Overall, the balance sheet reflects stability but with room for improved equity utilization.

Cash Flow

Operating cash flow decreased notably from $13.99M in 2023 to $9.45M in 2024, indicating potential challenges in cash generation from operations. Free cash flow also reduced, with a growth rate of -27.42%. The operating cash flow to net income ratio is at 0.82 in 2024, suggesting some pressure in converting income into cash. However, the free cash flow to net income ratio is stable at 0.82. Overall, the cash flow statement shows a need for improvement in cash conversion efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	76.99M	81.37M	56.99M	57.63M	68.58M	66.03M
Gross Profit	70.96M	56.81M	56.73M	57.63M	68.58M	66.03M
EBITDA	10.88M	17.41M	0.00	19.33M	28.94M	25.18M
Net Income	11.26M	11.47M	12.10M	12.52M	18.28M	14.94M
Balance Sheet
Total Assets	1.50B	1.38B	1.34B	1.34B	1.33B	1.26B
Cash, Cash Equivalents and Short-Term Investments	276.37M	227.51M	22.96M	268.73M	415.41M	295.92M
Total Debt	65.76M	54.69M	103.24M	94.52M	40.37M	8.00M
Total Liabilities	1.37B	1.25B	1.22B	1.22B	1.19B	1.11B
Stockholders Equity	131.53M	127.51M	124.34M	118.43M	144.93M	142.92M
Cash Flow
Free Cash Flow	14.73M	8.22M	13.03M	23.67M	14.83M	21.93M
Operating Cash Flow	14.05M	9.45M	13.99M	25.57M	17.26M	23.91M
Investing Cash Flow	-29.68M	-28.95M	-17.39M	-165.67M	-71.99M	-57.22M
Financing Cash Flow	94.17M	22.46M	-1.45M	18.41M	63.55M	146.94M

SB Financial Group Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 19.31
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SBFG, the sentiment is Neutral. The current price of 19.31 is below the 20-day moving average (MA) of 19.43, above the 50-day MA of 18.90, and below the 200-day MA of 19.95, indicating a neutral trend. The MACD of 0.23 indicates Positive momentum. The RSI at 51.16 is Neutral, neither overbought nor oversold. The STOCH value of 47.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SBFG.

SB Financial Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UNB	75 Outperform	$122.68M	13.33	56.66%	5.20%	11.94%	-8.29%
SBFG	75 Outperform	$126.72M	10.62	9.24%	2.93%	9.89%	2.74%
FCAP	68 Neutral	$128.38M	9.73	11.40%	3.03%	12.53%	2.45%
Sector *	67 Neutral	$17.06B	11.24	9.31%	3.84%	11.08%	-3.39%
EBMT	65 Neutral	$128.98M	10.11	7.19%	3.48%	6.68%	49.28%
SRBK	57 Neutral	$116.30M	713.13	-0.05%	0.71%	―	―
PNBK	50 Neutral	$129.72M	―	-84.06%	―	-10.46%	-984.80%

SB Financial Group Corporate Events

SB Financial Group Announces Increased Quarterly Dividend

On July 21, 2025, SB Financial Group announced a quarterly cash dividend of $0.15 per common share, payable on August 29, 2025, to shareholders of record as of August 15, 2025. This dividend represents a 7% increase over the previous year and reflects a 3.1% yield, indicating the company’s commitment to returning value to shareholders and its stable financial performance.