SB Financial Group, Inc.

SB Financial Group, Inc.

SBFGยทNASDAQ

$21.02

-0.50%
Financial ServicesBanks - Regional

SB Financial Group, Inc. provides a range of commercial banking and wealth management services 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; and commercial, consumer, agricultural, and residential mortgage loans. The company also provides automatic teller machine, personal and corporate trust, commercial leasing, bank credit card, safe deposit box rental, internet banking, private client group, and other personalized banking products and services; and various trust and financial services comprising asset management services for individuals and corporate employee benefit plans, as well as brokerage services. In addition, it sells insurance products to retail and commercial customers. As of December 31, 2021, the company operated a network of 22 banking centers in the Ohio counties of Allen, Defiance, Franklin, Fulton, Hancock, Lucas, Paulding, Wood, and Williams; and one banking center in Allen County, Indiana. It also operated five loan production offices in Franklin and Lucas Counties, Ohio; Hamilton and Steuben Counties, Indiana; and Monroe County, Michigan. 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 incorporated in 1983 and is headquartered in Defiance, Ohio.

At a Glance

Live Snapshot
Market Cap$131.93M
EPS2.1900
P/E Ratio9.60
Earnings Date07/23/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is compressed (P/E 9.6).

Valuation inputs: P/E 9.6, earnings yield +10.4%, momentum -0.5%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +9.9%, ROIC +5.9%).

Profitability stack: net margin +15.3%, ROE +9.9%, ROIC +5.9%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +90.9%, momentum -0.5%, net margin +15.3%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

sbfg

SB Financial Group, Inc. Market vs Earnings Trajectory

SBFG ยท NASDAQ

Loading price and EPS data...

SB Financial Group, Inc.

SB Financial Group, Inc. Fair Value Envelope

SBFG ยท NASDAQ

Our analysis suggests that SBFG has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $21.025, this represents a potential HIDDEN relative to our calculated worth for SB Financial Group, Inc..

Intrinsic Value
Current Price: $21.025
3Y+22.0%
5Y+17.0%
10Y+44.0%
3Y+45.0%
5Y+25.0%
10Y+94.0%
3Y+12.0%
5Y-6.0%
10Y+59.0%
3Y-6.0%
5Y+1.0%
10Y+71.0%
3Y-9.0%
5Y-2.0%
10Y+73.0%
3Y+16.0%
5Y+23.0%
10Y+89.0%
SB Financial Group, Inc.

SB Financial Group, Inc. Profit Bridge

SBFG ยท NASDAQ
Revenue91.03M
Cost of Goods Sold (26.77M)
Gross Profit64.25M
Operating Expenses (47.00M)
Operating Income17.25M
Interest Expense (25.47M)
Other Income/Expense0.00
Pretax Income17.25M
Income Tax (3.28M)
Net Income13.97M
Net Income
13.97M

Profitability Analysis

Gross Margin

70.6%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

19.0%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

15.4%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

19.0%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

70.59%
Gross Profit Margin
1%
3Y-23.0%
5Y-17.0%
10Y-23.0%
18.96%
Operating Profit Margin
11%
3Y-22.0%
5Y-25.0%
10Y-31.0%
15.35%
Net Profit Margin
9%
3Y-23.0%
5Y-25.0%
10Y-18.0%
9.89%
Return on Equity
10%
3Y-6.0%
5Y-5.0%
10Y-3.0%
0.90%
Return on Assets
9%
3Y-4.0%
5Y-24.0%
10Y-16.0%
5.93%
Return on Invested Capital
16%
3Y+18.0%
5Y-17.0%
10Y-4.0%
SBFG

SB Financial Group, Inc. Cash Conversion Engine

SBFG ยท NASDAQ
Net Income13.97M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital844.00K
Others9.22M
Capital Expenditures-2.60M
Free Cash Flow21.44M

Cash Flow Quality Analysis

FCF Conversion Rate

153.4%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

10.8%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+160.7%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$844.00K

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

sbfg

SB Financial Group, Inc. Funding & Solvency Profile

SBFG ยท NASDAQ
Cash & Cash Equivalents126.29M
Net Receivables5.50M
Inventory0.00
Other Current Assets0.00
Total Current Assets132 M
Property, Plant & Equipment21.30M
Goodwill & Intangible Assets27.16M
Long-Term Investments1.36B
Other Non-Current Assets60.12M
Total Non-Current Assets1 B
Total Assets
1.60B

Financial Health Analysis

Current Ratio

13.97x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

10.17x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

122 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

8% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

sbfg

SB Financial Group, Inc. Street Expectations Map

SBFG ยท NASDAQ

No Target Data

No analyst price targets available for sbfg.

sbfg

SB Financial Group, Inc. Insider Positioning

SBFG ยท NASDAQ

During the last 12 months, insiders have purchased $38K and sold $22K worth of SBFG shares, resulting in $16K of net buying activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

48

992.00

Sold

977

21.64K

Net Activity

-21K

-$21K

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

2.1K

37.03K

Sold

0

0.00

Net Activity

+37K

+$37K

Top Buyers

1
CTL

Claxton Timothy L.

Director

2.0K sharesโ€ข1 transactions

$35K

2
KMA

Klein Mark A

Officer: Chairman, President, Ceo

100 sharesโ€ข1 transactions

$2K

3
SSA

Strausbaugh Sue Ann

Director

48 sharesโ€ข1 transactions

$992

Top Sellers

1
HRL

Hardgrove Richard L

Director

977 sharesโ€ข1 transactions

$22K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Moderately bullish with $16K net buying. Insiders show cautious optimism through measured share purchases.

Buy/Sell Ratio

1.76:1

Positive buy/sell ratio. Buying exceeds or matches selling, indicating net positive insider sentiment.

Insider Participation

High Buying

3 insider buyers vs. 1 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Broad-based insider buying: When multiple insiders independently decide to purchase shares, it often reflects genuine confidence rather than coordinated optics. This pattern deserves attention, especially if buying followed a price decline.

0.74%
Dividend Yield
5%
3Y-17.0%
5Y+27.0%
10Y-27.0%
ย 

sbfg Dividend History

SBFG
10Y CAGR +11%
Latest $0.16
Annual $0.77
5 year growth trend
Last Period: +3%