Pricing Log in Create free account
Friday 6 November 2026 Export SBFG’s income statement to Excel — free account

SB Financial Group, Inc.

SBFG Financial Banks Regional

SB Financial Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $91.0 million, up 11.9% from fiscal 2024.

Revenue
+9.21%
EPS
0.00%
Free cash flow
−28.7%
Total debt
−22.8%

Quarter to September 2026, against a year earlier

28.70 1.59 −5.25%
Market cap
$179.2M
P/E
10.7×
Fwd P/E
11.9×
Dividend yield
2.20%
F-score
9/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.00
Sold, $m 0.14
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 1 — — — — — — — —
Sell — — 1 — — — 1 — — 1 — —
Insider Ownership 5.23%

Capital & Financial Ratios $m

Size
Market Cap 179.21
Revenue ttm 96.98
Net income ttm 16.66
Free cash flow ttm 20.84
Net debt Q (104.14)
Valuation
P/E 10.71
Forward P/E 11.90
Price / sales 1.83
Forward P/S Powerpack
Price / FCF 9.29
Price / book 1.23
Financial health
Current ratio Q 0.95
Debt / equity Q 0.00
Interest coverage Q —
Growth
Revenue growth Q +9.21% (above 0%: growing)
Operating income growth Q −3.33% (below 0%: shrinking)
EPS, this year +12.55%
EPS, next year A +1.92%
Revenue, next year A −42.54% (below 0%: weak)
EPS, past 5 yrs +3.25%
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 81.96%
10-year low 10-year high
P/S against its own 10 years 66.85%
10-year low 10-year high
P/B against its own 10 years 98.02%
10-year low 10-year high

Dividends raised every year since 2018

Yield
2.20%
Annual rate
0.63
Payout ratio
23.6%
Growth, 2018–26
+9.72%/yr
  1. 0.30 ’18
  2. 0.34 ’19 +12
  3. 0.38 ’20 +11
  4. 0.42 ’21 +10
  5. 0.48 ’22 +15
  6. 0.52 ’23 +8
  7. 0.56 ’24 +8
  8. 0.60 ’25 +7
  9. 0.64 ’26 +7
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 25 27 73 104
Receivables — — — —
Inventory — — — —
Other — — — —
1,016 1,071 1,244 —
2023 2024 2025 Q'26
Payables 1,070 1,153 1,307 1,383
ST’ Debt — — — —
Other — — — —
1,086 1,166 1,319 —

Compound Annual Growth %

10y 5y 3y
Sales 8.14% 4.59% 13.17%
Cash Flow 10.81% 0.11% (2.04%)
Earnings 7.69% (1.33%) 3.73%
Book Value 5.69% (0.24%) 6.05%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.62 Actual 0.63

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.64 0.65 Beat by 0.01
Q1 FY26 0.60 0.63 Beat by 0.03
Q2 FY26 0.69 0.73 Beat by 0.04
Q3 FY26 0.62 0.63 Beat by 0.01
Q4 FY26 0.61 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.69 0.72 0.63 — —
’25 0.33 0.60 0.64 0.63 2.19
’24 0.35 0.47 0.35 0.55 1.72
’23 0.35 0.44 0.39 0.57 1.75
’22 0.40 0.40 0.47 0.50 1.77
’21 0.92 0.50 0.55 0.49 2.56
’20 0.09 0.45 0.66 0.68 1.87
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 24 25 25 — —
’25 21 24 23 23 91
’24 19 20 21 21 81
’23 17 19 19 21 76
’22 15 15 16 17 63
’21 22 17 18 17 73
’20 13 19 21 19 73
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) 7 9 — —
’25 7 (4) 13 8 24
’24 0 0 4 6 9
’23 (4) 3 8 7 14
’22 (1) 5 9 13 26
’21 (1) 3 4 11 17
’20 (5) 4 6 19 24
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) 6 9 — —
’25 6 (4) 12 8 21
’24 0 (1) 3 6 8
’23 (4) 3 8 7 13
’22 (2) 5 9 12 24
’21 (1) 1 4 11 15
’20 (5) 4 5 18 22
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 47 50 56 62 73 73 63 76 81 91 97 +7.6% 52 53 — (23.4%)
Gross margin, % 93.19 91.76 88.93 84.66 90.78 94.46 91.77 75.12 69.98 72.02 72.03 (21.2) pt
EBT 13 14 14 15 18 23 15 15 14 17 21 +3.3%
EBT margin, % 27.48 27.42 25.75 23.44 25.35 31.30 24.39 19.40 17.03 18.96 21.20 (8.5) pt
Net income 9 11 12 12 15 18 13 12 11 14 17 +5.3%
Per share, $
Per share, $ Revenue 9.17 9.83 8.62 9.21 9.55 10.25 8.97 11.11 12.22 14.29 15.66 +5.1%
Earnings 1.52 2.00 1.64 1.63 1.87 2.58 1.79 1.77 1.72 2.19 2.68 +4.1%
Cash flow 2.74 1.94 2.13 2.78 3.14 2.44 3.65 2.05 1.42 3.77 3.36 +3.6%
Capex (0.32) (0.73) (0.29) (0.30) (0.22) (0.34) (0.27) (0.14) (0.18) (0.41) 0.00 +2.8%
Free cash flow 2.42 1.20 1.84 2.48 2.92 2.09 3.38 1.91 1.23 3.37 3.36 +3.7%
Book value 16.90 18.58 20.04 20.08 18.77 20.46 16.91 18.21 19.15 22.18 23.30 +3.1%
Shares, m 5 5 7 7 8 7 7 7 7 6 6 +2.5%
Valuation, ×
Valuation, × P/E 9.96 8.70 9.57 11.45 9.33 7.55 9.35 8.79 12.16 10.12 10.71 9.7
P/S 1.66 1.77 1.82 2.04 1.82 1.83 1.87 1.41 1.71 1.56 1.83 1.7
P/B 1.07 1.10 0.88 0.93 0.93 0.92 0.99 0.86 1.09 1.00 1.23 1.0
EV/Sales 1.86 1.53 1.24 1.86 (0.08) 0.08 2.66 2.45 2.05 1.36 — 1.5
EV/FCF 7.03 12.51 5.81 6.90 (0.27) 0.37 7.05 14.24 20.25 5.78 — 8.0
Cash, $m
Cash, $m Operating cash flow 14 10 14 19 24 17 26 14 9 24 21 +6.2%
Capex (2) (4) (2) (2) (2) (2) (2) (1) (1) (3) (2) +5.4%
Free cash flow 12 6 12 17 22 15 24 13 8 21 21 +6.3%
Balance, $m
Balance, $m Working capital (24) (20) 1 0 (52) (157) (118) (70) (95) (75) (74) +13.2%
Net debt 9 (12) (32) (11) (139) (127) 50 79 27 (18) (104) n/m
Shareholders’ equity 87 94 130 136 143 145 118 124 128 141 144 +5.6%
Returns, %
Returns, % ROA 1.01 1.19 1.14 1.09 1.30 1.41 0.94 0.90 0.84 0.96 1.07 (0.1) pt
ROIC 8.40 10.37 9.20 7.31 261.32 79.69 5.70 4.53 5.60 8.75 31.96 +0.3 pt
ROE 11.17 13.23 10.85 8.73 10.71 12.70 9.51 9.96 9.11 10.40 11.84 (0.8) pt
People
People Employees 219 234 250 247 244 269 268 251 252 246 — +1.3%
Revenue/emp, $m 0.21 0.21 0.22 0.25 0.30 0.27 0.23 0.30 0.32 0.37 — +6.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

SB Financial Group, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RBKB Rhinebeck Bancorp, Inc. $203.3M 18.1× — +2.17% (above 0%: growing) −5.03% (below 0%: shrinking) +145.41% (above 0%: growing) 71.31% 0.00% Compare
FGBI First Guaranty Bancshares, Inc. $196.0M — (loss-making) 20.6× −5.84% (below 0%: shrinking) n/m +17.37% (above 0%: growing) 45.46% 0.00% Compare
LARK Landmark Bancorp Inc. $193.6M 9.6× 9.2× +2.62% (above 0%: growing) +21.58% (above 0%: growing) +828.81% (above 0%: growing) 78.76% 0.00% Compare
ECBK ECB Bancorp, Inc. $188.3M 15.3× — +15.35% (above 0%: growing) +127.78% (above 0%: growing) +538.43% (above 0%: growing) 46.07% 0.00% Compare
FNWD Finward Bancorp $188.2M 19.0× 16.5× +0.43% (above 0%: growing) −2.00% (below 0%: shrinking) +0.22% (above 0%: growing) 69.03% 0.00% Compare
FINW FinWise Bancorp $187.9M 13.5× 19.5× +98.06% (above 0%: growing) −48.39% (below 0%: shrinking) −43.89% (below 0%: shrinking) 91.22% 0.00% Compare
BVFL BV Financial, Inc. $183.1M 14.2× — −2.37% (below 0%: shrinking) +48.28% (above 0%: growing) +1.43% (above 0%: growing) 78.95% 0.00% Compare
BAFN BayFirst Financial Corp. $179.3M — (loss-making) — −70.88% (below 0%: shrinking) n/m −99.45% (below 0%: shrinking) 27.34% 0.00% Compare
SBFG SB Financial Group, Inc. $179.2M 10.7× 11.9× +9.21% (above 0%: growing) 0.00% −28.66% (below 0%: shrinking) 71.79% 0.00%
Median of peers $188.2M 14.8× 18.0× +1.30% +9.79% +9.40% 70.17% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 6 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.04m 802.76k 109.00
2024 682.12k 637.31k 135.00
2023 646.28k 593.30k 92.00

Ownership

Directors and executive officers, together 5.95%
Manulife Investment Management LLC 7.61%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

SB Financial Group, Inc. (SBFG) Latest News

24 Oct

Impact 3 · · Simply Wall St. earnings

23 Oct

Impact 4 · · The Motley Fool

22 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 3 · · MarketBeat
Impact 3 · · Zacks

19 Oct

Impact 3 · · Zacks

2 Oct

Impact 3 · · Zacks

24 Jul

Impact 3 · transcript
Impact 3 · · MarketBeat
Impact 3 · · Moby transcript

23 Jul

Impact 3 ·

27 Apr

Impact 3 · · MarketBeat

25 Apr

Impact 3 ·

24 Apr

Impact 4 · · The Motley Fool transcript
Impact 3 · · Moby

23 Apr

Impact 3 · · Zacks
Impact 3 · · GlobeNewswire

7 Apr

Impact 4 · · Zacks

8 Feb

Impact 3 · · Simply Wall St.

31 Jan

Impact 4 · · Simply Wall St.

30 Jan

Impact 4 · · GuruFocus.com transcript
Impact 4 · · MarketBeat transcript

29 Jan

Impact 4 · · Zacks
Impact 4 ·

22 Jan

Impact 3 · · Zacks

21 Jan

Impact 3 · · Zacks

9 Jan

Impact 3 ·

30 Dec

Impact 4 · · Zacks

24 Dec

Impact 4 · · Zacks
stockrow.com/SBFG · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com