SB Financial Group Inc (NASDAQ: SBFG) is an Ohio-based bank holding company that operates through its subsidiary, The State Bank and Trust Company, providing commercial banking, real estate lending, agricultural lending, and consumer financial services. Revenue is generated primarily from net interest income on loans and deposits, with the loan portfolio spanning commercial and industrial, commercial real estate (owner and non-owner occupied), agricultural, residential real estate, HELOC, and consumer segments. As of December 31, 2025, average total loans were approximately $1.10 billion, with commercial real estate non-owner occupied representing the largest segment at $386.2 million in average balances. The company is headquartered in Ohio and trades on NASDAQ. Mark A. Klein serves as Chairman, President, and Chief Executive Officer, with Anthony V. Cosentino as Executive Vice President and Chief Financial Officer. The company paid aggregate quarterly dividends of $0.60 per share in FY2025 and $0.56 per share in FY2024, making it a consistent dividend payer.

Revenue model

Net interest income from a loan and deposit-taking model, with loans across commercial real estate, commercial and industrial, agricultural, residential real estate, HELOC, and consumer categories. Fee income from commercial banking and mortgage-related services is also indicated by the officer structure referencing commercial services and compliance functions.

Products and services

Commercial and industrial loans, commercial real estate loans (owner-occupied and non-owner-occupied), agricultural loans, residential real estate loans, home equity lines of credit (HELOC), consumer loans, deposit accounts, and contact center banking services. The State Bank and Trust Company is the primary operating subsidiary.

Customers and end markets

Commercial businesses, commercial real estate owners and investors, agricultural operators, residential homeowners, and retail consumers. End markets include Ohio commercial real estate, agribusiness, and retail banking. Average loan balances as of December 31, 2025: commercial real estate non-owner occupied $386.2M, residential real estate $311.8M, commercial real estate owner-occupied $142.7M, commercial and industrial $120.9M, agricultural $63.3M, HELOC $60.8M, consumer $14.8M.

Value-chain role

Community bank holding company originating, holding, and servicing loans funded by customer deposits. Operates as a direct lender rather than a loan broker or secondary-market conduit.

Geographic exposure

Ohio-based, with officer references to Bowling Green and Toledo markets. No international operations referenced in the filing excerpts.

Source: SEC 10-K, filed 2026-03-06

Industry: State Commercial Banks Peers: Finwise Bancorp First Northern Community Bancorp PNC Financial Services Group Inc