SB Financial Group Q1 2026: Strong Earnings & Growth

SB Financial Groups first quarter 2026 earnings showcase a robust performance, marking their sixty-first consecutive profitable quarter. Net income reached $4.3 million, with diluted earnings per share at $0.90. Tangible book value per share surged to $18.45, up from $15.79 last year. Total revenue climbed to $17.4 million, a 13% year-over-year increase. Net interest income, bolstered by loan growth and stable funding, totaled $12.7 million. Loans reached $1.18 billion, and deposits grew to $1.37 billion, an 8% increase from last year. Noninterest income soared to $4.7 million, driven by mortgage fees and SBA loan sales. Expenses remained steady at $11.9 million, improving their efficiency ratio. Asset quality remains a standout, with nonperforming assets at just 0.3% of total assets and delinquencies dropping to 28 basis points. Mortgage originations hit $66 million, with a pipeline at $35 million and 25% growth anticipated for the next quarter. New branches in Angola and Napoleon are thriving, with $19 million in loans and $17 million in deposits in just five months. SB Financial Group announced a 16-cent quarterly dividend, yielding approximately 2.8% annually. Overall, the company is poised for balanced growth towards a $2 billion balance sheet, maintaining a disciplined approach to risk while pursuing organic wins and market disruptions. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f69c2a7c3de96ff5