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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. In the quarter to June 2026, revenue grew 5.49%, EPS grew 20.0%, free cash flow grew 255.7% and total debt fell 22.8%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three; insiders bought in the last twelve months.

29.53 0.19 +0.65%
Market cap
$183.5M
P/E
11.0×
Fwd P/E
8.8×
Dividend yield
2.13%
F-score
9/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.00
Total sells 0.14
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — 1 — — — — — — —
Sell — — — 1 — — — 1 — — 1 —
Insider Ownership 5.40%

Capital & Financial Ratios $m

Market Cap 183.46
Revenue 94.86
Net Income 16.76
Free Cash Flow 23.10
Net Debt (98.34)
Current Ratio 0.95
Debt/Equity 0.29
P/E ratio 11.02
Fwd P/E 8.78
P/S ratio 1.93
P/B ratio 1.25
Past 5Y EPS Growth 3.25%
This Y EPS Growth 10.82%
Next Y EPS Growth 1.56%
Next Y revenue growth (43.86%) (below 0%: weak)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 87.17%
10-year low 10-year high
P/S against its own 10 years 81.20%
10-year low 10-year high
P/B against its own 10 years 99.41%
10-year low 10-year high

Dividends

Payout Ratio 0.24
Annual Dividend Rate 0.63
Annual Dividend Yield 2.13%
total individual payouts
2027 Powerpack
2026 0.60
0.16
0.16
0.16
2025 0.60
0.15
0.15
0.15
0.16
2024 0.56
0.14
0.14
0.14
0.15
2023 0.52
0.13
0.13
0.13
0.14
2022 0.48
0.12
0.12
0.12
0.13
2021 0.42
0.10
0.10
0.10
0.11
2020 0.38
0.09
0.10
0.10
0.10
2019 0.34
0.08
0.09
0.09
0.09
2018 0.30
0.07
0.08
0.08
0.08
2017 0.27
0.06
0.07
0.07
0.07
2016 0.23
0.05
0.06
0.06
0.06
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 25 27 73 141
Receivables — — — —
Inventory — — — —
Other — — — —
1,016 1,071 1,244 1,327
2023 2024 2025 Q'26
Payables 1,070 1,153 1,307 1,391
ST’ Debt — — — —
Other — — — —
1,086 1,166 1,319 1,400

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%

Revenue $m

Mar Jun Sep Dec Year
’26 24 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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 0.69 0.72 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 9.28 13.75 15.29 15.01 8.59 15.26 16.28 11.82 13.01 17.10

Analyst estimates 2026–2028

Powerpack
High 17.56 19.76 19.55 19.05 19.51 19.13 20.85 17.30 23.00 24.48
People
People Employees 219 234 250 247 244 269 268 251 252 246
Revenue/emp, $m 0.21 0.21 0.22 0.25 0.30 0.27 0.23 0.30 0.32 0.37
Income, $m
Income, $m Revenue 47 50 56 62 73 73 63 76 81 91
Gross margin, % 93.19 91.76 88.93 84.66 90.78 94.46 91.77 75.12 69.98 72.02
EBT 13 14 14 15 18 23 15 15 14 17
EBT margin, % 27.48 27.42 25.75 23.44 25.35 31.30 24.39 19.40 17.03 18.96
Net income 9 11 12 12 15 18 13 12 11 14
Depreciation 4 3 3 4 7 4 5 4 4 5
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
Earnings 1.52 2.00 1.64 1.63 1.87 2.58 1.79 1.77 1.72 2.19
Cash flow 2.74 1.94 2.13 2.78 3.14 2.44 3.65 2.05 1.42 3.77
Capex (0.32) (0.73) (0.29) (0.30) (0.22) (0.34) (0.27) (0.14) (0.18) (0.41)
Free cash flow 2.42 1.20 1.84 2.48 2.92 2.09 3.38 1.91 1.23 3.37
Book value 16.90 18.58 20.04 20.08 18.77 20.46 16.91 18.21 19.15 22.18
Shares, m 5 5 7 7 8 7 7 7 7 6
Valuation, ×
Valuation, × P/E 9.96 8.70 9.57 11.45 9.33 7.55 9.35 8.79 12.16 10.12
P/S 1.66 1.77 1.82 2.04 1.82 1.83 1.87 1.41 1.71 1.56
P/B 1.07 1.10 0.88 0.93 0.93 0.92 0.99 0.86 1.09 1.00
EV/Sales 1.86 1.53 1.24 1.86 (0.08) 0.08 2.66 2.45 2.05 1.36
EV/FCF 7.03 12.51 5.81 6.90 (0.27) 0.37 7.05 14.24 20.25 5.78
Cash, $m
Cash, $m Operating cash flow 14 10 14 19 24 17 26 14 9 24
Capex (2) (4) (2) (2) (2) (2) (2) (1) (1) (3)
Free cash flow 12 6 12 17 22 15 24 13 8 21
Balance, $m
Balance, $m Working capital (24) (20) 1 0 (52) (157) (118) (70) (95) (75)
Total debt 27 19 16 16 8 25 80 103 55 55
Net debt 9 (12) (32) (11) (139) (127) 50 79 27 (18)
Shareholders’ equity 87 94 130 136 143 145 118 124 128 141
Returns, %
Returns, % ROA 1.01 1.19 1.14 1.09 1.30 1.41 0.94 0.90 0.84 0.96
ROIC 8.40 10.37 9.20 7.31 261.32 79.69 5.70 4.53 5.60 8.75
ROE 11.17 13.23 10.85 8.73 10.71 12.70 9.51 9.96 9.11 10.40
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
CBFV CB Financial Services, Inc. $194.0M 26.3× 11.5× +11.11% (above 0%: growing) +7.59% (above 0%: growing) +89.91% (above 0%: growing) 70.87% 0.00% Compare
LARK Landmark Bancorp Inc. $192.5M 9.5× 5.6× +2.62% (above 0%: growing) +21.58% (above 0%: growing) +828.81% (above 0%: growing) 78.76% 0.00% Compare
BVFL BV Financial, Inc. $184.2M 14.1× — −2.37% (below 0%: shrinking) +48.28% (above 0%: growing) +1.43% (above 0%: growing) 78.95% 0.00% Compare
SBFG SB Financial Group, Inc. $183.5M 11.0× 8.8× +5.49% (above 0%: growing) +20.00% (above 0%: growing) +255.74% (above 0%: growing) 72.32% 0.00%
FNWD Finward Bancorp $181.0M 18.3× 12.2× +0.43% (above 0%: growing) −2.00% (below 0%: shrinking) +0.22% (above 0%: growing) 69.03% 0.00% Compare
ECBK ECB Bancorp, Inc. $173.4M 13.9× — +15.35% (above 0%: growing) +127.78% (above 0%: growing) +538.43% (above 0%: growing) 46.07% 0.00% Compare
MNSB MainStreet Bank $172.8M 11.8× 10.9× −6.70% (below 0%: shrinking) +9.43% (above 0%: growing) +286.64% (above 0%: growing) 57.99% 0.00% Compare
BAFN BayFirst Financial Corp. $170.8M — (loss-making) — −70.88% (below 0%: shrinking) n/m −99.45% (below 0%: shrinking) 27.34% 0.00% Compare
HNVR Hanover Bancorp, Inc. $170.6M 19.0× 11.2× −2.10% (below 0%: shrinking) +66.67% (above 0%: growing) +972.77% (above 0%: growing) 56.13% 0.00% Compare
Median of peers $177.2M 14.1× 11.2× −0.83% +21.58% +188.28% 63.51% 0.00%

All 323 Banks Regional stocks →

SB Financial Group, Inc. (SBFG) key facts

  • Strength: SB Financial Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $91.0 million, up 11.9% from fiscal 2024.
  • SB Financial Group, Inc. (SBFG) is a Banks Regional company in the Financial sector, listed on Nasdaq.
  • As of October 16, 2026, SBFG traded at $29.53, a market capitalization of $183.5 million.
  • SB Financial Group, Inc. pays an annual dividend of $0.63 per share, a yield of 2.13%, with a payout ratio of 23.5%.
  • Return on equity was 10.4% and debt-to-equity 0.29.
  • Its Piotroski F-score is 9 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

SB Financial Group, Inc. (SBFG) Latest News

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stockrow.com/SBFG · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com