SB Financial Q1 profit nearly doubles on loan growth

SB Financial

23/04/2026 21:29

Overview

US community banking group's Q1 operating revenue rose 13% yr/yr on loan and deposit growth

Adjusted EPS for Q1 increased 50% yr/yr, reflecting higher net interest income

Company cites Marblehead acquisition and expense discipline as drivers of improved results

Outlook

Company says it is operating from a position of strength entering Q2 2026

SB Financial expects to support prudent growth and long-term shareholder value

Company sees steady client activity and disciplined execution supporting loan growth

Result Drivers

LOAN AND DEPOSIT GROWTH - Co said net interest income rose 12.7% yr/yr, driven by solid loan growth, higher loan yields, and stable funding costs

NONINTEREST INCOME - Co reported a 14.7% yr/yr increase in noninterest income, citing higher mortgage loan servicing fees, increased gains on sale of mortgage loans, and stronger gain on sale of non-mortgage loans

EXPENSE MANAGEMENT - Noninterest expense fell 3.9% yr/yr, mainly due to lower data processing expense from prior merger costs and reduced salaries and benefits

Company press release: ID:nGNX6xNvks

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating Revenue
$17.42 mln
Q1 EPS
$0.69
Q1 Net Income
$4.30 mln
Q1 Net Interest Income
$12.71 mln
Q1 Provision For Credit Losses
$214,000


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for SB Financial Group Inc is $24.00, about 11.2% above its April 22 closing price of $21.59

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)