SB FINANCIAL GROUP, INC. SEC 10-Q Report

SB Financial Group, Inc. has released its Form 10-Q report for Q3 2025, showcasing significant financial growth. Key highlights include total interest income of $54.6 million, net income of $10.1 million, and basic earnings per share of $1.57. The company also achieved operational milestones, including the acquisition of Marblehead Bancorp, enhancing its market presence in Northwest Ohio. SB Financial anticipates continued growth in loans and deposits, leveraging synergies from recent expansions.

SB Financial Group, Inc., a diversified financial services company, has released its Form 10-Q report for the third quarter of 2025. The report highlights significant financial growth and operational achievements, underscoring the company's robust performance in a competitive market. The following sections provide a detailed summary of the key financial and business highlights from the report.

Financial Highlights

SB Financial Group, Inc. reported notable improvements across several key financial metrics for the third quarter of 2025:

Total Interest Income: $54.6 million, reflecting an increase from $47.5 million in the prior year, driven by higher loan and other interest income.
Total Interest Expense: $18.9 million, slightly up from $18.5 million, primarily due to increased deposit expenses.
Net Interest Income: $35.7 million, up from $29.0 million, indicating improved interest income management.
Provision for Credit Losses: $1.1 million, compared to a benefit of $0.2 million in the previous year, reflecting adjustments in credit loss expectations.
Net Interest Income After Provision for Credit Losses: $34.6 million, up from $28.8 million, showing resilience in net interest income despite higher provisions.
Total Noninterest Income: $13.4 million, an increase from $12.5 million, supported by gains on mortgage loan sales and other income streams.
Total Noninterest Expense: $35.8 million, up from $32.0 million, driven by higher salaries, employee benefits, and professional fees.
Income Before Income Tax: $12.3 million, compared to $9.3 million, reflecting strong operational performance.
Net Income: $10.1 million, up from $7.8 million, demonstrating robust profitability.
Basic Earnings Per Common Share: $1.57, compared to $1.17, indicating improved earnings per share performance.
Diluted Earnings Per Common Share: $1.56, up from $1.17, reflecting enhanced shareholder value.

Business Highlights

In addition to its financial performance, SB Financial Group, Inc. achieved several key operational milestones during the third quarter:

Revenue Segments: The company reported noninterest income from various segments, including wealth management fees, customer service fees, gains on the sale of mortgage loans, and title insurance income. These segments contributed to the overall noninterest income, reflecting the company's diverse revenue streams.
Geographical Performance: The acquisition of Marblehead Bancorp expanded the company's presence in Northwest Ohio, allowing for increased deposits and loan bases in this new market. This strategic move is expected to enhance the company's market share and profitability in the region.
Sales Units: The company originated $175.9 million in loans held for sale and sold $180 million in loans during the nine months ended September 30, 2025. This indicates a strong performance in loan origination and sales activities.
Future Outlook: The company anticipates continued growth in its loan and deposit bases, driven by the recent acquisition and expansion into new markets. Management expects to leverage business synergies and economies of scale to enhance profitability and operational efficiency.

SEC Filing: SB FINANCIAL GROUP, INC. [ SBFG ] - 10-Q - Nov. 06, 2025