SB Financial Group, Inc. SBFG R2K

Financial Services · Banks - Regional · United States

https://ir.yourstatebank.com/corporate-profile/default.aspx

SB Financial Group, Inc. operates as the financial holding company for the State Bank and Trust Company that provides a range of commercial banking, trust and wealth management services, and title insurance 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; automatic teller machines; and commercial, consumer, agricultural, and residential mortgage loans. The company also provides personal and corporate trust, commercial leasing, bank credit cards, safe deposit box rental, internet banking, private client group, and other personalized banking products and services. In addition, it offers various trust and financial services comprising asset management services for individuals and corporate employee benefit plans, as well as brokerage services. Further, the company sells insurance products to retail and commercial customers. 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 founded in 1902 and is based in Defiance, Ohio.

Market & Price

Market Cap

$135.54M

Current Price

$21.60

High / Low (52W)

$23.39 / $16.70

Beta

0.19

Valuation

Stock P/E

8.47

Industry PE

12.01

Forward P/E

8.37

PEG Ratio

Book Value

$22.86

Price to Book

0.95

P/S

2.04

EV/EBITDA

Dividend Yield

2.96%

Profitability & Returns

ROCE

ROE

11.71%

ROA

1.04%

Profit Margin

24.30%

Op Margin

28.82%

EPS (Latest Qtr)

$0.69

EPS (TTM)

$2.55

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

Current Ratio

Debt

$68.86M

Total Assets

$1.55B

Current Assets

Working Capital

Ownership

Promoter Holding

11.15%

Chg in Prom Hold

FII / Inst Holding

54.76%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$74.22M

Total Revenue (TTM)

$66.31M

EBITDA

Free Cash Flow

Operating Cash Flow

$14.34M

Shares Outstanding

6.28M

Gross Margin

0.00%

Payout Ratio

23.92%

Growth (CAGR)

Revenue 5Y

4.39%

Profit 5Y

3.73%

Revenue (YoY)

11.80%

Earnings (YoY)

108.50%

PROS

Excellent profit margin of 24.3%.
Attractive dividend yield of 2.96%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	SBFG SB Financial Group, Inc. R2K	21.60	8.47	$135.54M	2.96%	-	11.71%	4.39%	3.73%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Mar 2014	Jun 2014	Sep 2014	Mar 2015	Jun 2015	Sep 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Mar 2019	Jun 2019	Sep 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15.39M	17.18M	16.58M	16.42M	17.42M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.09M	6.34M	6.47M	6.56M	6.59M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.59M	4.73M	4.96M	4.98M	5.28M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	431.00K	875.00K	910.00K	1.06M	985.00K
Net Income	980.00K	1.25M	1.51M	1.50M	1.99M	2.26M	1.66M	2.27M	2.55M	2.32M	1.99M	2.32M	2.72M	4.03M	2.45M	3.11M	3.12M	2.23M	2.63M	3.76M	681.00K	3.65M	5.25M	7.08M	3.76M	4.10M	2.81M	2.83M	3.34M	2.45M	3.08M	2.69M	2.37M	3.11M	-	2.16M	3.85M	4.05M	3.92M	4.30M
Diluted EPS	0.20	0.25	0.31	0.23	0.31	0.35	0.26	0.35	0.40	0.37	0.31	0.37	0.43	0.64	0.35	0.40	0.39	0.28	0.33	0.48	0.09	0.47	0.69	0.97	0.52	0.58	0.40	0.40	0.47	0.35	0.44	0.39	0.35	0.47	-	0.33	0.60	0.64	0.63	0.69

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	57.63M	56.99M	56.94M	65.56M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	5.17M	18.88M	24.43M	25.47M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	15.32M	14.72M	13.86M	17.25M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	2.79M	2.62M	2.39M	3.28M
Net Income	382.49K	-15.61M	1.66M	4.81M	5.21M	5.26M	7.62M	8.78M	11.06M	11.64M	11.97M	14.94M	-	12.52M	12.10M	11.47M	13.97M
Diluted EPS	0.07	-3.21	0.34	0.99	1.07	1.07	1.19	1.38	1.74	1.51	1.51	1.96	-	1.77	1.75	1.72	2.19

Compounded Sales Growth

5 Years:	4.39%
1 Year:	11.80%

Compounded Profit Growth

5 Years:	3.73%
1 Year:	108.50%

Stock Price Performance

1 Year:	+14.62%
6 Months:	+1.95%
3 Months:	+4.81%
1 Month:	+2.40%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	660.29M	628.66M	638.23M	631.75M	684.23M	733.07M	816.00M	876.63M	986.83M	1.04B	1.26B	-	1.34B	1.34B	1.38B	1.55B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	28.06M	24.82M	30.42M	14.85M	19.14M	13.14M	28.20M	20.46M	17.01M	26.62M	48.36M	27.06M	140.69M	-	29.95M	24.50M	27.49M	72.68M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.09M	4.66M	4.91M	5.49M
Total Liabilities	-	-	614.26M	580.73M	584.95M	575.49M	608.54M	651.83M	729.46M	782.63M	856.39M	902.48M	1.11B	-	1.22B	1.22B	1.25B	1.40B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	79.59M	103.24M	54.69M	54.74M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	79.59M	103.24M	54.69M	54.74M
Total Equity	61.66M	61.71M	46.02M	47.93M	53.28M	56.27M	75.68M	81.24M	86.55M	94.00M	130.44M	136.09M	142.92M	-	118.43M	124.34M	127.51M	141.24M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8.53M	8.48M	8.47M	8.53M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-7.18M	16.86M	14.91M	7.42M	13.95M	5.01M	8.62M	14.03M	9.80M	13.85M	18.83M	23.91M	-	25.57M	13.99M	9.45M	24.04M
Investing Cash Flow	-9.55M	-18.13M	3.97M	-10.05M	-8.91M	-36.65M	-54.69M	-90.73M	-49.53M	-87.59M	-67.61M	-57.22M	-	-165.67M	-17.39M	-28.95M	-68.08M
Financing Cash Flow	13.50M	6.86M	-34.45M	6.93M	-11.04M	46.70M	38.34M	73.25M	49.33M	95.48M	27.49M	146.94M	-	18.41M	-1.45M	22.46M	89.66M
Capital Expenditure	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.90M	-958.00K	-1.23M	-2.60M
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	-	23.67M	13.03M	8.22M	21.44M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-121.69M	-4.85M	2.96M	45.62M
Share Buybacks	156.29K	0	0	-	-	-	2.00K	1.17M	1.78M	109.00K	5.05M	7.17M	9.52M	5.90M	3.47M	4.77M	5.69M

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	21.7%	21.2%	20.1%	21.3%
ROE %	0.6%	-33.9%	3.5%	9.0%	9.3%	7.0%	9.4%	10.1%	11.8%	8.9%	8.8%	10.5%	-	10.6%	9.7%	9.0%	9.9%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

11.15%

Institutions

54.76%

Public Float

61.63%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Manufacturers Life Insurance Co.	7.50%	470.50K	$10.16M
2	Blackrock Inc.	6.29%	394.86K	$8.53M
3	Cutler Capital Management, LLC	6.22%	390.14K	$8.43M
4	Vanguard Capital Management LLC	4.74%	297.73K	$6.43M
5	Strategic Value Bank Partners LLC	4.37%	274.16K	$5.92M
6	Dimensional Fund Advisors LP	3.15%	197.77K	$4.27M
7	Petiole USA Ltd	2.69%	168.82K	$3.65M
8	Pinnacle Holdings, LLC	2.50%	156.91K	$3.39M
9	Geode Capital Management, LLC	2.22%	139.08K	$3.00M
10	Goldman Sachs Group Inc	1.36%	85.55K	$1.85M

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SBFG · Financial Services