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SBFGSB Financial Group, Inc.
$26.13$164M
Overview & Verdict
Overview
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
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SBFG logoSB Financial Group, Inc.(SBFG)Earnings, Financials & Key Ratios

SBFG•NASDAQ•Banking & Credit
$26.13
11.9× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommunity and retail regional banks
AboutSB 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.Show more
  • Net Interest Income$48M+21.4%
  • Total Revenue$91M+11.9%
  • Net Income$14M+21.8%
  • Return on Equity10.4%+14.2%
  • Net Interest Margin3.14%+8.3%
  • Efficiency Ratio51.63%-2.2%
  • ROA0.96%+13.4%
  • Equity / Assets9.14%-1.1%
  • Book Value per Share22.11+15.8%

SBFG Price & Volume

SB Financial Group, Inc. (SBFG) stock price & volume — 10-year historical chart

Loading chart...

Strategic Asset Expansion Drives Consistent Revenue Growth

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Expanding
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Regional agricultural credit concentration

Key Thesis Takeaways

  • SB Financial Group demonstrates a disciplined growth trajectory, evidenced by total assets increasing from $1.3 billion in 2023Q4 to $1.6 billion in 2026Q1.
  • While the bank successfully leverages its $1.2 billion investment securities portfolio to manage liquidity, investors should monitor the inherent concentration risk within its agricultural lending segment.
  • Future performance appears contingent on balancing this regional credit exposure with the bank's ongoing efforts to improve operational efficiency, which currently faces constraints from a physical branch network resulting in a 49.7% efficiency ratio.

Verdict Logic

while the bank maintains a healthy 0.09 equity-to-assets ratio and consistent revenue growth, the current 11.30 P/E TTM and regional agricultural credit concentration warrant a cautious approach to valuation.

SBFG Growth Metrics

SB Financial Group, Inc. (SBFG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years8.14%
5 Years4.59%
3 Years13.17%
TTM-

Profit CAGR

10 Years6.25%
5 Years-1.33%
3 Years3.73%
TTM43.09%

EPS CAGR

10 Years6.84%
5 Years3.21%
3 Years7.36%
TTM51.48%

Return on Capital

10 Years8.64%
5 Years7.68%
3 Years6.57%
Last Year7.84%

SBFG Recent Earnings

SB Financial Group, Inc. (SBFG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (89%)●Beat Revenue 9/12 qtrs (100%)
Q2 2026Latest
Apr 23, 2026
Metric
Actual
Est
EPS
$0.63+5.0%
$0.60
Rev
$17M+38.3%
$13M
Q2 2026
Mar 6, 2026
Metric
Actual
Est
EPS
$0.63
—
Rev
$23M
—
Q1 2026
Jan 29, 2026
Metric
Actual
Est
EPS
$0.65+1.6%
$0.64
Rev
$17M+34.8%
$12M
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$0.68+9.7%
$0.62
Rev
$17M+34.8%
$12M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 23, 2026
$0.63vs $0.60+5.0%
$17Mvs $13M+38.3%
Q2 2026Mar 6, 2026
$0.63
$23M
Q1 2026Jan 29, 2026
$0.65vs $0.64+1.6%
$17Mvs $12M+34.8%
Q4 2025Oct 30, 2025
$0.68vs $0.62+9.7%
$17Mvs $12M+34.8%
Based on last 12 quarters of dataView full earnings history →

Latest SBFG News

Recent stock market news and headlines for SB Financial Group, Inc. (SBFG)

Zacks Investment Research·Jun 29, 2026
SB Financial Group (SBFG) Moves 5.6% Higher: Will This Strength Last?

SB Financial Group (SBFG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Zacks Investment Research·Jun 26, 2026
Are You Looking for a High-Growth Dividend Stock?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does SB Financial Group (SBFG) have what it takes?

GlobeNewsWire·Jun 26, 2026
SB Financial Group, Inc. Announces Schedule for Second Quarter 2026 Results

DEFIANCE, Ohio, June 26, 2026 (GLOBE NEWSWIRE) -- Defiance, Ohio, June 26, 2026 – 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 second quarter 2026 financial results on Thursday, July 23, 2026, after the close of the market. The company will hold a related conference call and webcast on Friday, July 24, 2026, at 11:00 a.m. EDT.

Peers Comparison

Key metrics vs top competitors for SB Financial Group, Inc. (SBFG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SBFG logoSBFGSB Financial Group, Inc.Current
$26.13$163.97M11.9311.87%15.35%10.4%2.31%
CZWI logoCZWICitizens Community Bancorp, Inc.
$23.29$224.61M15.95-9.41%16.49%8%—
MVBF logoMVBFMVB Financial Corp.
$28.62$367.76M13.8918.96%14.29%8.79%—
CFFI logoCFFIC&F Financial Corporation
$80.00$260.35M9.6511.78%14.94%11.03%—
WAFD logoWAFDWaFd, Inc.
$37.65$2.78B14.32-1.58%18.26%8.36%—
FXNC logoFXNCFirst National Corporation
$29.30$264.9M14.9527.11%18.05%11.51%—

Compare SBFG vs Peers

SB Financial Group, Inc. (SBFG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CZWI

Most directly comparable listed peer for SBFG.

Scale Benchmark

vs ICE

Larger-name benchmark to compare SBFG against a more recognizable public peer.

Peer Set

Compare Top 5

vs CZWI, MVBF, CFFI, WAFD

SBFG SEC Filings & Documents

SB Financial Group, Inc. (SBFG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 23, 2026·SEC

Material company update

Apr 22, 2026·SEC

Material company update

Apr 22, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 6, 2026·SEC

FY 2025

Mar 7, 2025·SEC

FY 2024

Mar 8, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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SBFG Frequently Asked Questions

SB Financial Group, Inc. (SBFG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is SB Financial Group, Inc. growing?

SB Financial Group, Inc. (SBFG) grew revenue by 11.9% over the past year. This is steady growth.

Is SBFG profitable?

Yes, SB Financial Group, Inc. (SBFG) is profitable, generating $16.1M in net income for fiscal year 2025 (15.4% net margin).

Dividend & Returns
Does SBFG pay dividends?

Yes, SB Financial Group, Inc. (SBFG) pays a dividend with a yield of 2.31%. This makes it attractive for income-focused investors.

What is SBFG's return on equity?

SB Financial Group, Inc. (SBFG) has a return on equity (ROE) of 10.4%. This is reasonable for most industries.

Industry Metrics
What is SB Financial Group, Inc.'s net interest margin?

SB Financial Group, Inc. (SBFG) has a net interest margin (NIM) of 3.1%. This indicates healthy earnings from lending activities.

What is SB Financial Group, Inc.'s efficiency ratio?

SB Financial Group, Inc. (SBFG) has an efficiency ratio of 51.6%. This is excellent, indicating strong cost control.

What if you invested $1,000 in SBFG back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →