SB Financial Group Inc (SBFG)
NASDAQ:SBFG
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SB Financial Group
(NASDAQ:SBFG)
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Rating:66Neutral
Price Target:
$22.00
▲(3.72% Upside)
Action:DowngradedDate:03/07/26
The score is driven primarily by improving recent financial performance and a constructive earnings outlook (growth, liquidity, and asset quality), supported by attractive valuation (low P/E and ~3% yield). These positives are partially offset by weak current technical momentum and guidance for modest NIM pressure plus noninterest-income variability.
Positive Factors
Consistent profitability
Sustained profitability and meaningful EPS growth demonstrate recurring earnings power and operational resilience. Persistent positive net income supports internal capital generation, funds dividends and buybacks, and creates a durable cushion against cyclical shocks in a regional banking franchise.
Negative Factors
Noninterest income volatility
Material swings in mortgage servicing and other fee income reduce revenue diversification and make earnings more rate‑cycle and housing‑supply sensitive. Persistent volatility in noninterest revenue undermines predictability of operating results and complicates medium‑term planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent profitability
Sustained profitability and meaningful EPS growth demonstrate recurring earnings power and operational resilience. Persistent positive net income supports internal capital generation, funds dividends and buybacks, and creates a durable cushion against cyclical shocks in a regional banking franchise.
Read all positive factors
SB Financial Group (SBFG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$127.18M
Dividend Yield2.69%
Average Volume (3M)14.14K
Price to Earnings (P/E)10.2
Beta (1Y)0.26
Revenue Growth10.78%
EPS Growth21.72%
CountryUS
Employees262
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.65
Shares Outstanding6,302,455
10 Day Avg. Volume18,367
30 Day Avg. Volume14,141
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)1.00
Price to Sales (P/S)1.56
P/FCF Ratio6.62
Enterprise Value/Market Cap1.02
Enterprise Value/Revenue1.43
Enterprise Value/Gross Profit2.02
Enterprise Value/Ebitda6.68
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.45
Revenue Forecast (FY)N/A
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 cert...
How the Company Makes Money
SB Financial Group generates revenue through multiple key streams. Primarily, the company earns interest income from its banking operations, which include loans, mortgages, and credit products. Service fees from account maintenance, transaction pr...
SB Financial Group Earnings Call Summary
Earnings Call Date:Jan 29, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Positive
The call presented a predominantly positive performance narrative: strong earnings, meaningful loan and deposit growth, improved tangible book value, healthy liquidity and solid asset quality. Management demonstrated disciplined expense control and capital returns. Offsetting items include weaker noninterest income due to MSR/OMSR impacts, a missed mortgage budget, some deposit pricing pressure and slower-than-desired credit resolution on isolated exposures. Overall, the positive operating and capital trends and management’s articulated plans for continued growth and cost discipline outweigh the headwinds.Positive Updates
Strong Earnings and EPS Growth
Net income of $3.9 million for the quarter; diluted EPS $0.63, up $0.08 (~15%) YoY. Full-year GAAP EPS $2.19, a 27% increase vs 2024 and 18% above 2025 budget; 60th consecutive quarter of profitability.
Negative Updates
Noninterest Income Decline and OMSR Impairment
Noninterest income for the quarter $3.7 million, down 18.6% YoY and 12.6% QoQ driven by decreased mortgage servicing rights and an OMSR impairment. Fee-based revenue contribution fell from historical ~35% to ~26% of total revenue.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Earnings and EPS Growth
Net income of $3.9 million for the quarter; diluted EPS $0.63, up $0.08 (~15%) YoY. Full-year GAAP EPS $2.19, a 27% increase vs 2024 and 18% above 2025 budget; 60th consecutive quarter of profitability.
Read all positive updates
Company Guidance
Management guided that NIM of 3.51% will face modest pressure — a 5–7 bps decline expected in 2026 — while roughly $125–$140 million of loans are contractually slated to reprice in the first nine months; they expect continued organic loan growth (after 2025 Y/Y loan growth of 12.8% and seven consecutive quarters of growth) funded by core deposits (total deposits $1.3B, excluding Marblehead +9.3% Y/Y; Marblehead added $47M at a 1.35% WAC) and excess liquidity (~$50M) plus $160M debt capacity and >$550M contingent liquidity. Mortgage production guidance ranged from a baseline ~$310–$330M (low‑to‑mid single‑digit growth) with upside to $350–$375M if additional lenders are added (management also noted scenarios for faster growth), mortgage sales to remain near 85%, recurring NII to remain ~75% of revenue, loan yields ~5.94% and earning asset yield 5.32%, funding cost 2.34%, loan‑to‑deposit target 90–95%, allowance at 1.36% (coverage 352% of NPAs), NPAs $4.7M, and reserves/provision expected roughly flat (reserve ratio may decline ~3–4 bps); expense growth forecast ~3.5–4% with positive operating leverage ~1.5–2x, a 2026 net income target toward $15M, and a $0.155/share dividend (≈2.8% yield, 25% of earnings).SB Financial Group Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
62
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 91.03M | 81.37M | 75.87M | 62.80M | 72.60M |
| Gross Profit | 64.54M | 56.81M | 56.68M | 57.63M | 67.53M |
| EBITDA | 19.45M | 17.41M | 18.28M | 19.33M | 28.94M |
| Net Income | 13.97M | 11.47M | 12.10M | 12.52M | 18.28M |
Balance Sheet | |||||
| Total Assets | 1.55B | 1.38B | 1.34B | 1.34B | 1.33B |
| Cash, Cash Equivalents and Short-Term Investments | 79.46M | 199.25M | 244.21M | 268.73M | 415.41M |
| Total Debt | 74.28M | 65.28M | 116.63M | 94.52M | 40.37M |
| Total Liabilities | 1.40B | 1.25B | 1.22B | 1.22B | 1.19B |
| Stockholders Equity | 141.24M | 127.51M | 124.34M | 118.43M | 144.93M |
Cash Flow | |||||
| Free Cash Flow | 21.44M | 8.22M | 13.03M | 23.67M | 14.83M |
| Operating Cash Flow | 24.04M | 9.45M | 13.99M | 25.57M | 17.26M |
| Investing Cash Flow | -68.08M | -28.95M | -17.39M | -165.67M | -71.99M |
| Financing Cash Flow | 89.66M | 22.46M | -1.45M | 18.41M | 63.55M |
SB Financial Group Technical Analysis
Negative
21.21
Price Trends
21.14
Negative
21.19
Negative
20.29
Negative
Market Momentum
-0.24
Negative
44.07
Neutral
69.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SBFG, the sentiment is Negative. The current price of 21.21 is above the 20-day moving average (MA) of 20.38, above the 50-day MA of 21.14, and above the 200-day MA of 20.29, indicating a bearish trend. The MACD of -0.24 indicates Negative momentum. The RSI at 44.07 is Neutral, neither overbought nor oversold. The STOCH value of 69.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SBFG.
SB Financial Group Risk Analysis
SB Financial Group disclosed 35 risk factors in its most recent earnings report. SB Financial Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SB Financial Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $162.57M | 10.47 | 8.06% | 2.93% | 6.10% | 59.32% | |
70 Outperform | $160.65M | 10.13 | 9.16% | 1.96% | 11.36% | 25.07% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $127.18M | 10.15 | 10.29% | 2.69% | 10.78% | 21.72% | |
59 Neutral | $130.14M | 35.78 | 1.57% | 0.88% | 9.43% | 166.36% | |
53 Neutral | $107.46M | 9.78 | 14.80% | 6.08% | 14.52% | 27.90% | |
52 Neutral | $157.54M | -9.56 | -35.90% | ― | -11.99% | 63.64% |
* Financial Sector Average
SBFG
SB Financial Group
20.18
-0.04
-0.19%
EBMT
Eagle Bancorp Montana
20.41
4.07
24.91%
FCAP
First Capital
47.99
11.06
29.96%
PNBK
Patriot National Bancorp
1.37
-0.15
-9.87%
UNB
Union Bankshares
23.29
-7.43
-24.18%
SRBK
SR Bancorp, Inc.
17.18
5.12
42.45%
SB Financial Group Corporate Events
Dividends
SB Financial Group Raises Quarterly Dividend by Seven Percent
Positive
Jan 23, 2026
On January 23, 2026, SB Financial Group, Inc. announced that its board of directors declared a quarterly cash dividend of $0.155 per common share, payable on February 27, 2026, to shareholders of record as of February 13, 2026. The payout represen...
Executive/Board Changes
SB Financial Group announces board transition and new director
Positive
Dec 22, 2025
On December 17, 2025, SB Financial Group implemented a planned transition on its board of directors as longtime director Rita A. Kissner retired after more than 21 years of service and was honored with the title of director emeritus, while the boa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.