SB FINANCIAL GROUP, INC. SBFG
Information" under Item 1A. Risk Factors on page 12 of this Annual Report on Form 10-K.
Financial Group, Inc., an Ohio corporation (the "SB Financial"), is a financial holding company subject to regulation under
the Bank Holding Company Act of 1956, as amended, and to inspection, examination and supervision by the Board of Governors of the Federal
Reserve System (the "Federal Reserve Board" or the "FRB"). SB Financial was organized in 1983. The executive
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $44.6M | $41.9M | $42.6M | $44.4M | $39.5M | $32.5M | $29.1M |
| Interest expense | $48.5M | $39.9M | $39.3M | $5.2M | $4.0M | $6.7M | $9.6M | $6.2M | $4.1M | $3.2M |
| Pre-tax income | $17.3M | $13.9M | $14.7M | $15.3M | $22.7M | $18.4M | $14.6M | $14.4M | $13.6M | $12.9M |
| Income tax | $3.3M | $2.4M | $2.6M | $2.8M | $4.4M | $3.5M | $2.7M | $2.8M | $2.6M | $4.1M |
| Net income | $14.0M | $11.5M | $12.1M | $12.5M | $18.3M | $14.9M | $12.0M | $11.6M | $11.1M | $8.8M |
| EPS, basic | 2.19 | 1.72 | 1.77 | 1.79 | 2.58 | 1.96 | 1.71 | 1.72 | 2.10 | 1.60 |
| EPS, diluted | 2.19 | 1.72 | 1.75 | 1.77 | 2.56 | 1.96 | 1.51 | 1.51 | 1.74 | 1.38 |
| Shares, diluted (wtd. avg.) | $6.4M | $6.7M | $6.9M | $7.1M | $7.1M | $7.6M | $7.9M | $7.7K | $6.4M | $6.4K |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $71.5M | $25.9M | $23.0M | $27.8M | $149.5M | $140.7M | $27.1M | $48.4M | $26.6M | $17.0M |
| Property, plant and equipment | $21.7M | $20.5M | $21.4M | $22.8M | $23.2M | $23.6M | $23.4M | $22.1M | $21.3M | $19.1M |
| Goodwill | $27.2M | $23.2M | $23.2M | $23.2M | $23.2M | $22.1M | $17.8M | $16.4M | $16.4M | $16.4M |
| Other intangibles | $1.2M | — | — | — | — | — | — | — | — | — |
| Total assets | $1.55B | $1.38B | $1.34B | $1.34B | $1.33B | $1.26B | $1.04B | $986.8M | $876.6M | $816.0M |
| Short-term debt | $9.2M | $10.6M | $13.4M | — | — | $20.2M | $12.9M | $15.2M | $15.1M | $10.5M |
| Long-term debt | — | $19.7M | $19.6M | $19.6M | $19.5M | — | — | — | — | — |
| Total liabilities | $1.40B | $1.25B | $1.22B | $1.22B | $1.19B | $1.11B | $902.5M | $856.4M | $782.6M | $729.5M |
| Retained earnings | $126.3M | $116.2M | $108.5M | $102.0M | $99.7M | $84.6M | $72.7M | $64.0M | $55.4M | $46.7M |
| Total equity | $141.2M | $127.5M | $124.3M | $118.4M | $144.9M | $142.9M | $136.1M | $130.4M | $94.0M | $86.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $24.0M | $9.5M | $14.0M | $25.6M | $17.3M | $23.9M | $18.8M | $13.8M | $9.8M | $14.0M |
| Depreciation and amortisation | $2.2M | $2.2M | $2.2M | $2.2M | $2.3M | $1.9M | $1.9M | $1.7M | $1.6M | $1.5M |
| Stock-based compensation | $536.0K | $637.0K | $576.0K | $568.0K | $443.0K | $382.0K | $417.0K | $278.0K | $303.0K | $114.0K |
| Capital expenditure | $2.6M | $1.2M | $958.0K | $1.9M | $2.4M | $2.0M | $2.0M | $2.0M | $3.7M | $1.6M |
| Investing cash flow | -$68.1M | -$28.9M | -$17.4M | -$165.7M | -$72.0M | -$57.2M | -$67.6M | -$87.6M | -$49.5M | -$90.7M |
| Financing cash flow | $89.7M | $22.5M | -$1.5M | $18.4M | $63.6M | $146.9M | $27.5M | $95.5M | $49.3M | $73.3M |
| Dividends paid | $3.8M | $3.8M | $3.6M | $3.4M | $3.1M | $3.1M | $2.3M | $2.1M | $1.4M | $1.2M |
| Buybacks | $5.7M | $4.8M | $3.5M | $5.9M | $9.5M | $7.2M | $5.0M | $109.0K | $1.8M | $1.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-024471.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |