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what it is
It is a community bank that takes deposits, makes loans, and sells title services across Ohio, Indiana, and Michigan.
how it gets paid
Last year Sb Financial made $48M in revenue.
why it's growing
Revenue grew 21.4% last year. Revenue reached $36 million, up 190% vs. prior year, according to SEC filing data.
what just happened
SB Financial posted $1.56 EPS in the latest quarter, up 144% vs. prior year.
At a glance
B balance sheet — gets the job done, barely
65/100 earnings predictability — reasonably predictable
9.9x trailing p/e — the market's not buying it — or you found a deal
3.1% dividend yield — cash in your pocket every quarter
$2.19 fy2025 eps est
xvary composite: 54/100 — below average
What they do
It is a community bank that takes deposits, makes loans, and sells title services across Ohio, Indiana, and Michigan.
This bank wins the old-fashioned way: it is already in your town. It has 27 offices, 27 ATMs, 6 loan production offices, and 224 employees across Ohio, Indiana, and Michigan. Banking relationships are switching costs (switching costs → the hassle of moving your money and loans → so what: customers often stay put), and that matters more when your lender also handles small business, farm, mortgage, and trust work under one roof.
How they make money
$48M
annual revenue · their business grew +21.4% last year
total revenue
$48M
+21.4%
The products that matter
core deposit and lending business
commercial & consumer banking
$65.6M company revenue reference
this is the center of gravity. the bank reported $65.6M in 2025 revenue, up 15.1% from the prior year, and traditional banking still drives the franchise even when the line items are not fully broken out here.
main earnings engine
residential mortgage origination
mortgage banking
rate-sensitive
this business moves with borrowing demand and rate conditions. that matters more when analysts expect total revenue to fall 10.9% a year, because mortgage softness gives the bank less room to offset pressure elsewhere.
cyclical fee income
investment and trust services
wealth management
fee-based income
wealth fees help smooth out the lending cycle. the page does not disclose a segment total, so the honest takeaway is smaller but useful: inside a bank with a 21.7% net margin, recurring fees matter because they are not tied to the spread alone.
stability lever
Key numbers
$2.19
2025 EPS
EPS → profit per share → so what: at $21.67, you are paying about 9.9 times earnings for a bank that just printed $2.19.
3.1%
dividend yield
Dividend yield → cash paid back to shareholders each year → so what: you are getting paid while you wait for the market to decide this bank is not broken.
$65M
long-term debt
Long-term debt → money the company owes over time → so what: leverage can help returns, but it also raises the pain if credit quality weakens.
70/100
price stability
Price stability → how choppy the stock tends to be → so what: this has been steadier than many tiny financial stocks, even with a $125 million market cap.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 3 — safer than 50% of stocks
- price stability 70 / 100
- long-term debt $65M (34% of capital)
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for SBFG right now.
source: institutional data · return history unavailable
What just happened
beat estimates
SB Financial posted $1.56 EPS in the latest quarter, up 144% vs. prior year.
Revenue reached $36 million, up 190% vs. prior year, according to SEC filing data. That is a huge jump against a company that earned $1.72 for all of 2024.
$36M
revenue
$1.56
eps
n/a
n/a
the number that mattered
$1.56 in quarterly EPS matters because it is 91% of the entire 2024 full-year EPS of $1.72.
source: company earnings report, 2026
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What could go wrong
the #1 risk is revenue shrinkage at a small community bank priced as a steady income stock.
med
forecast revenue decline
analysts expect revenue to fall 10.9% a year. that is the opposite of what you want in a bank where the dividend and valuation both depend on steady earnings power.
if that decline shows up in reported numbers, the 9.9x p/e stops looking cheap and starts looking accurate.
med
rate sensitivity in the lending book
net interest income is $12.7M in the disclosed mix. if loan yields compress faster than deposit costs, the spread business gets squeezed.
that pressure hits earnings quality first, then valuation.
med
thin operating cushion
a B balance sheet and $65M of long-term debt, or 34% of capital, leave less room for mistakes than a top-tier regional bank would have.
if credit costs rise or revenue disappoints again, the margin story gets tested fast.
med
small-cap liquidity and sentiment
zacks downgraded the stock and short interest increased 21.8% in february 2026. for a $125M company, that can weigh on price action even when the quarter is merely mixed.
this risk does not break the business. it does raise the odds that the stock moves harder than the fundamentals justify.
if revenue keeps falling at the forecast 10.9% pace, your 3.1% yield starts looking less like income and more like compensation for owning a shrinking bank.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
q1 2026 earnings report
due april 23, 2026. the number that matters is not just eps — it is whether revenue still tracks toward that 10.9% decline forecast.
metric
net interest income versus fee income
the disclosed mix shows $12.7M of net interest income and $35.3M of non-interest income. if fee income softens too, the diversification argument weakens.
risk
dividend support
a 3.1% yield is useful only if earnings stay steady. if revenue misses keep showing up, watch for pressure on payout confidence before you watch the headline yield.
trend
price target and technical tone
the average price target is $23.46, and the stock recently moved below its 200-day moving average. one says mild upside. the other says the market is not in a hurry.
Analyst rankings
earnings predictability
65 / 100
in human-speak, analysts think the numbers are serviceable but not reliable enough to treat this like a set-it-and-forget-it bank stock.
source: institutional data
Institutional activity
institutional ownership data for SBFG is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$22
current price
n/a
target midpoint · n/a from current
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