SB Financial (SBFG) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Fri, April 24, 2026 astatine 11:17 AM CDT 25 min read

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April 24, 2026 11 a.m. ET

• Chairman, President, and Chief Executive Officer — Mark A. Klein

• Executive Vice President and Chief Financial Officer — Anthony V. Cosentino

• Executive Vice President and Chief Lending Officer — Steven A. Walz

Mark A. Klein: Thank you, Sarah, and bully morning, everyone. Welcome to our archetypal 4th 2026 league telephone and webcast. First 4th represented a coagulated commencement to the twelvemonth for SB Financial Group, Inc. and truly reinforces the consistency and resilience of our operating model. Results reflected equilibrium expanse show crossed the franchise, supported by indebtedness growth, unchangeable nett involvement income, improved fee-based revenue, disciplined disbursal management, and dependable recognition quality. This 4th besides marked the archetypal afloat day of the Marblehead acquisition, and we present presumption that transaction arsenic a coagulated contributor to our backing base, expanded beingness successful Northern Ohio, and wide franchise stability. While the operating situation remains competitive, we proceed to consciousness bully astir our position.

The equilibrium expanse remains sound. Our recognition metrics proceed to comparison favorably, and our concern enactment provides a steadfast premix of borderline and fee-based revenue. We judge that combination, on with our disciplined attack to maturation and superior deployment, supports our quality to physique semipermanent shareholder value. Briefly, immoderate highlights for the quarter. Net income was $4.3 cardinal with diluted EPS of $0.90 compared to GAAP diluted EPS of $0.33 for 2025. This present marks our 61st consecutive 4th of profitability. Tangible publication worth per stock ended the 4th astatine $18.45 compared to $15.79 for 2025 and $18 astatine twelvemonth end. Adjusted tangible publication worth per share, excluding AOCI, present comes successful astatine astir $22.

Our nett involvement income totaled $12.7 cardinal compared to $113 cardinal successful 2025 and $12.7 cardinal successful the linked quarter. The year-over-year betterment was driven by higher involvement income connected loans and a unchangeable backing profile, portion the linked-quarter examination remained comparatively consistent. Balances accrued by astir $92 cardinal from the prior-year 4th and astir $500 1000 from the linked quarter, reflecting continued accumulation crossed the franchise and extending our inclination of sequential quarterly growth. Total deposits successful the 4th were $1.37 cardinal compared to [inaudible] for 2025 and $1.3 cardinal astatine twelvemonth end. On a year-over-year basis, deposits accrued $100 million, oregon astir 8%, reflecting continued integrated deposit maturation and unchangeable lawsuit relationships crossed the franchise.