SBFG News & Events

Reports Q4 revenue $16.42M vs. $15.45M last year. Reports Q4 tangible book value per share $18.00. "Net income for the fourth quarter was $3.9 million, a 7.8 percent increase from the prior-year quarter, with the GAAP DEPS of $0.63 up 14.5 percent from the prior year," said Mark Klein, chairman, president, and CEO. This marks 60 consecutive quarters of profitability, which also included the third full quarter of contribution from the Marblehead acquisition, which continues to strengthen our liquidity profile and further extended our market presence in Northern Ohio."

SB Financial announced that it has been named to the Russell 3000 and Russell 2000 indices.

"Our fourth-quarter and full-year 2024 results underscore our ability to navigate challenges while delivering growth in key areas," said Mark A. Klein, Chairman, President, and CEO. "Net income for the quarter was $3.6 M, a 54.4 % increase from the linked quarter. Diluted EPS for the quarter was 55c, with full-year diluted EPS reaching $1.72. "In addition to our financial results, we are pleased that we were able to close on the Marblehead acquisition earlier this month. We achieved $64.3 million in total interest income for the year, a 10.7 percent increase over 2023, which partially offset a slight decline in net income to $11.5 million. These results highlight our disciplined approach to growth, operational efficiency, and long-term value creation for our stakeholders. As we move into 2025, we remain focused on leveraging our momentum and strengthening our financial position."