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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $66M | - | $14M | $21M | 9.9% | 15.1% | 21.8% |
| 2024 | $57M | - | $11M | $8M | 9.0% | -0.1% | -5.2% |
| 2023 | $57M | - | $12M | $13M | 9.7% | -1.1% | -3.4% |
| 2022 | $58M | - | $13M | $24M | 10.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 57.63 | 56.99 | 56.94 | 65.56 |
| Operating Revenue | - | 57.63 | 56.99 | 56.94 | 65.56 |
| Selling General And Administration | - | 25.67 | 24.19 | 25.16 | 26.49 |
| Interest Income | - | 44.57 | 58.15 | 64.35 | 73.92 |
| Interest Expense | - | 5.17 | 18.88 | 24.43 | 25.47 |
| Net Interest Income | - | 39.40 | 39.27 | 39.92 | 48.45 |
| Pretax Income | - | 15.32 | 14.72 | 13.86 | 17.26 |
| Tax Provision | - | 2.80 | 2.62 | 2.39 | 3.28 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 12.52 | 12.10 | 11.47 | 13.97 |
| Net Income From Continuing And Discontinued Operation | - | 12.52 | 12.10 | 11.47 | 13.97 |
| Net Income From Continuing Operation Net Minority Interest | - | 12.52 | 12.10 | 11.47 | 13.97 |
| Net Income | - | 12.52 | 12.10 | 11.47 | 13.97 |
| Net Income Common Stockholders | - | 12.52 | 12.10 | 11.47 | 13.97 |
| Net Income Including Noncontrolling Interests | - | 12.52 | 12.10 | 11.47 | 13.97 |
| Normalized Income | - | 12.52 | 12.10 | 11.47 | 13.97 |
| Diluted NI Availto Com Stockholders | - | 12.52 | 12.10 | 11.47 | 13.97 |
| Basic Average Shares | - | 7 | 6.83 | 6.66 | 6.37 |
| Diluted Average Shares | - | 7.08 | 6.92 | 6.68 | 6.39 |
| Reconciled Depreciation | - | 4.01 | 3.57 | 3.55 | 4.22 |
| Gain On Sale Of Security | - | 0 | 1.45 | 0 | - |
| General And Administrative Expense | - | 24.76 | 23.41 | 24.34 | 25.84 |
| Other Gand A | 3.57 | - | - | - | - |
| Salaries And Wages | - | 24.76 | 23.41 | 24.34 | 25.84 |
| Selling And Marketing Expense | - | 0.91 | 0.78 | 0.82 | 0.65 |
| Occupancy And Equipment | - | 6.61 | 7.17 | 7.22 | 7.84 |
| Professional Expense And Contract Services Expense | - | 3.21 | 3.02 | 2.93 | 3.59 |
| Other Non Interest Expense | - | 6.82 | 7.57 | 7.66 | 9.07 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SB Financial Group, Inc.this co. | SBFG | $139M | 9.92↓ discount | 0.98 | 9.9% | - |
| MainStreet Bancshares, Inc. | MNSB | $166M | 12.33 | 0.76 | 6.2% | - |
| Westwood Holdings Group, Inc. | WHG | $161M | 22.75 | 1.28 | 5.6% | 15.34 |
| ECB Bancorp, Inc. | ECBK | $158M | 20.35 | 0.92 | 4.5% | - |
| Richmond Mutual Bancorporation, Inc. | RMBI |
| - |
| - |
| - |
| - |
| - |
| $142M |
| 12.27 |
| 0.97 |
| 7.9% |
| - |
| Finward Bancorp | FNWD | $142M | 17.50 | 0.81 | 4.6% | - |
| SR Bancorp, Inc. | SRBK | $138M | 26.82 | 0.71 | 2.7% | - |
| Patriot National Bancorp, Inc. | PNBK | $125M | -9.81 | 1.32 | -13.4% | - |
| Riverview Bancorp, Inc. | RVSB | $115M | 23.53 | 0.72 | 3.1% | - |
| Peer Median | - | 18.93 | 0.87 | 4.6% | 15.34 | |