Financial Performance - Operating revenue for Q4 2024 was $15.5 million, a 2.2% increase from $15.1 million in Q4 2023[5] - Net income for Q4 2024 was $3.6 million, down 6.4% from $3.9 million in Q4 2023, with diluted EPS at $0.55[6] - Noninterest income for Q4 2024 was $4.6 million, a 17.6% decline from $5.5 million in Q4 2023[9] - Net income for December 2024 was $3,635 thousand, representing a 54.3% increase compared to $2,354 thousand in September 2024[36] - Basic earnings per common share rose to $0.55 in December 2024, up from $0.35 in September 2024, an increase of 57.1%[36] - Net income for 2024 was $11,470 million, down from $12,094 million in 2023, showing a decline of 5.2%[44] - Diluted earnings per share decreased to $1.72 in 2024 from $1.75 in 2023, a reduction of 1.7%[44] Revenue and Income Sources - Interest income rose to $16.8 million, an 11.4% increase from $15.1 million in the prior year[6] - Noninterest income totaled $4,557 thousand in December 2024, an increase of 10.6% from $4,123 thousand in September 2024[35] - Net interest income increased to $10,897 thousand in December 2024, up 7.0% from $10,186 thousand in September 2024[35] - Net interest income for Q4 2024 was $10,897,000, an increase of 6.98% from $10,186,000 in Q3 2024[39] - Adjusted total operating revenue for 2024 was $56,897 million, slightly down from $57,045 million in 2023, indicating a decrease of 0.3%[44] Asset and Liability Management - Total assets reached $1.38 billion, driven by a $46.5 million or 4.7% increase in the loan portfolio[18] - Total assets decreased to $1,379,517 thousand in December 2024 from $1,393,949 thousand in September 2024, a decline of 1.0%[33] - Total liabilities decreased to $1,252,009 thousand in December 2024 from $1,261,108 thousand in September 2024, a decline of 0.7%[33] - Total assets increased to $1,361,274 million in 2024 from $1,334,644 million in 2023, representing a growth of 2.0%[43] Deposits and Loans - Total deposits increased by $82.4 million, or 7.7%, to $1.15 billion year-over-year[19] - Total deposits reached $1,152.6 million, with a growth of $82.4 million or 7.7% compared to the previous year[22] - Total deposits slightly decreased to $1,152,605 thousand in December 2024 from $1,159,533 thousand in September 2024, a decrease of 0.3%[33] - Loan balances increased by $46.5 million year-over-year, achieving a total of $1,046.7 million, reflecting a growth rate of 4.7%[22] - Total loans rose to $1,040,580 million, up from $992,337 million, representing an increase of about 4.9%[42] Shareholder Value and Equity - Shareholders' equity ended the year at $127.5 million, reflecting a $3.2 million increase from the prior year[19] - SB Financial repurchased 130,465 shares in Q4 2024, demonstrating commitment to shareholder value through buybacks and dividends[21] - Tangible book value per share increased by $1.02, or 6.8%, to $16.00 from the prior year[6] - Market price per common share was $20.91, reflecting an increase from $20.56 in the previous quarter[39] - The tangible equity ratio was reported at 7.66%, reflecting a strong equity position relative to tangible assets[40] Asset Quality and Risk Management - Nonperforming assets totaled $5.5 million, representing 0.40% of total assets, an increase from 0.25% the previous year[23] - The allowance for credit losses was 1.44% of total loans, providing 273.7% coverage of nonperforming loans, indicating a conservative risk management approach[24] - Nonperforming commercial and agricultural loans increased by 291.3% year-over-year, totaling $2.9 million[26] - The net loan charge-offs to average loans ratio remained low at 7 basis points for the quarter and 2 basis points for the full year[24] - The allowance for credit loss to nonperforming loans ratio stood at 273.68%, reflecting strong coverage for potential loan losses[40] Efficiency and Performance Ratios - The efficiency ratio improved to 71.09% in Q4 2024 from 76.78% in the linked quarter[17] - Return on average assets (ROAA) improved to 1.04% in Q4 2024, compared to 0.68% in Q3 2024[39] - Return on average equity (ROE) increased to 11.13% in Q4 2024, up from 7.32% in Q3 2024[39] - The common equity tier 1 ratio (Bank) was reported at 13.43%, indicating a solid capital position[40] - The net loan charge-offs to average loans ratio was 0.07%, indicating low levels of loan defaults[40] Future Outlook - The company plans to hold its Q4 2024 earnings conference call on January 24, 2025[27]

Financial Data and Key Metrics - 2024 was a year of expansion and resilience for the company, indicating positive financial performance [6] Business Line Data and Key Metrics - No specific data provided in the content regarding individual business lines or their performance metrics Market Data and Key Metrics - No specific data provided in the content regarding market performance or key metrics by region or segment Company Strategy and Industry Competition - The company emphasized 2024 as a year of expansion, suggesting a strategic focus on growth and resilience [6] Management Commentary on Operating Environment and Future Outlook - Management highlighted the resilience and expansion in 2024, indicating a positive outlook for the company's future [6] Other Important Information - The conference call contained forward-looking information, with cautionary statements and reconciliations of non-GAAP financial measures available in the earnings release materials and SEC filings [4] - The call was broadcast live and archived on the company's website, with materials available for reference [3] Q&A Session Summary - No Q&A session details were provided in the content

Group 1: Earnings Performance - SB Financial Group, Inc. reported quarterly earnings of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.41 per share, but down from $0.57 per share a year ago, representing an earnings surprise of 26.83% [1] - The company posted revenues of $15.45 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.58%, compared to year-ago revenues of $15.12 million [2] - Over the last four quarters, SB Financial Group has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - SB Financial Group shares have declined approximately 1.9% since the beginning of the year, while the S&P 500 has gained 3.5% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $14.7 million, and for the current fiscal year, it is $1.78 on revenues of $62.4 million [7] Group 3: Industry Context - The Zacks Industry Rank indicates that the Banks - Northeast sector is currently in the top 20% of over 250 Zacks industries, suggesting a favorable environment for stocks in this category [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]

DEFIANCE, Ohio, Jan. 23, 2025 (GLOBE NEWSWIRE) -- SB Financial Group, Inc. (NASDAQ: SBFG) (“SB Financial” or the “Company”), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services today reported earnings for the fourth quarter ended December 31, 2024. Fourth Quarter 2024 Highlights compared to the fourth quarter of the prior year: Net income of $3.6 million, which is down 6.4 percent with Diluted Ea ...

Merger Details - SB Financial Group, Inc successfully closed the acquisition of Marblehead Bancorp, Inc, merging Marblehead Bank into State Bank [1] - The merger was unanimously approved by the Boards of Directors of both bank holding companies and their subsidiary banks, and adopted by Marblehead shareholders [1] - Marblehead shareholders received $196.31 in cash per share, valuing the transaction at approximately $5.0 million [2] Strategic Impact - The merger extends SB Financial's presence in Northwest Ohio, enhancing its ability to serve the Marblehead community with expanded financial products and services [3] - The combined organization now manages approximately $1.4 billion in assets, positioning it to deliver exceptional service and innovative financial solutions [3] Company Overview - SB Financial Group, Inc is a diversified financial services holding company headquartered in Defiance, Ohio, operating through 25 offices and 25 ATMs across Ohio, Indiana, and Michigan [5] - State Bank provides a full range of financial services including wealth management, private client services, mortgage banking, and commercial and agricultural lending [5] - Marblehead Bancorp, headquartered in Marblehead, Ohio, operates two full-service bank branch offices and is the only brick-and-mortar bank on the Marblehead Peninsula [6] Legal and Financial Advisors - Vorys, Sater, Seymour and Pease LLP served as legal counsel to SB Financial [4] - Janney Montgomery Scott served as financial advisor to Marblehead and provided a fairness opinion to its Board of Directors [4] - Shumaker, Loop & Kendrick, LLP served as Marblehead's legal counsel [4]

DEFIANCE, Ohio, Jan. 03, 2025 (GLOBE NEWSWIRE) -- SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services, expects to release its fourth quarter and full year 2024 financial results on Thursday, January 23, 2025, after the close of the market. The company will hold a related conference call and webcast on Friday, January 24, 2025, at 11:00 a.m. EDT. Interested ...

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While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________to___________________________ Commission file number 1-36785 | --- | --- | |------------------------------------------------------------------------ ...

Exhibit 99.1 SB Financial Group Announces Third Quarter 2024 Results DEFIANCE, OH, October 24, 2024 -- SB Financial Group, Inc. (NASDAQ: SBFG) ("SB Financial" or the "Company"), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services today reported earnings for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights compared to the third quarter of the prior year: ● Net income of $2. ...