SB Financial Group Inc
ir.yourstatebank.comWhat Do They Do?
Provides banking, lending and wealth services to consumers, businesses and agricultural customers, and offers title insurance.
10-K for FY2025, filed Mar 6, 2026Through its direct and indirect subsidiaries, SB Financial is engaged in a variety of financial activities, including commercial banking…View ↗
The State Bank and Trust Company (“State Bank”) is an Ohio state-chartered bank and wholly owned subsidiary of SB Financial. State Bank…View ↗
SBFG Title, LLC dba Peak Title Agency (“SBFG Title”) was formed as an Ohio limited liability company in January 2019 and purchased all of…View ↗
How Do They Make Money?
Earns most of its revenue as interest on loans, leases and investment securities, with interest income accruing over time. Fees come from banking and financial services and title insurance as transactions occur or services are provided.
10-K for FY2025, filed Mar 6, 2026The Company recognizes revenues as they are earned based on contractual terms, as transactions occur, or services are provided and…View ↗
Interest income is the largest source of revenue for the Company and is primarily recognized on an accrual basis.View ↗
Noninterest income is earned through a variety of financial and transaction services provided to corporate and consumer clients such as…View ↗
$44.6M
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10-K for FY2022, filed Mar 7, 2023
$44.6M ↗
Who Are Their Customers?
Consumers, businesses and agricultural borrowers use State Bank for deposits and loans through its banking services. Its trust division serves individuals and corporate employee benefit plans, and customers can use banking centers or internet banking.
10-K for FY2025, filed Mar 6, 2026The State Bank and Trust Company (“State Bank”) is an Ohio state-chartered bank and wholly owned subsidiary of SB Financial. State Bank…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 28 cents of every revenue dollar as net income in FY2022 and turned 53 cents into free cash flow.
How Are They Changing?
Growing. Revenue grew 13% in 4 years, from $39.5M in FY2018 to $44.6M in FY2022, about 3% a year.
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