Thu, May 8, 6:00 PM (10 days ago)
### SB Financial Group, Inc. (SBFG) - Q1 2025 Financial Summary **Ticker:** SBFG **Quarter Ended:** March 31, 2025 **Financial Health and Performance Metrics:** - **Revenue:** $15.4 million, up 17.2% from Q1 2024. - **Net Income:** $2.2 million, down 8.9% from Q1 2024. - **Earnings per Share (EPS):** $0.33, slightly lower than $0.35 in Q1 2024. - **Profit Margins:** Net interest margin improved to 3.40% from 2.99% in Q1 2024. - **Cash Flow:** Positive cash flows from operating, investing, and financing activities. - **Earnings Changes:** Net income decreased due to higher interest expense and merger-related costs. **Revenue and Profit Margins:** - **Interest Income:** $17.4 million, up 13.5% from Q1 2024. - **Noninterest Income:** $4.1 million, slightly up from $4.0 million in Q1 2024. - **Noninterest Expense:** $12.4 million, up $2.1 million from Q1 2024, including merger-related expenses. **Cash Flow:** - **Operating Activities:** $6.7 million, up from $0.3 million in Q1 2024. - **Investing Activities:** $9.2 million, down from $11.7 million in Q1 2024. - **Financing Activities:** $63.3 million, up from a negative $8.4 million in Q1 2024. **Quarterly Performance Discussion:** - **Asset Quality:** Stable with non-performing asset ratio at 41 basis points. - **Liquidity:** $310.7 million in liquid assets, up from $235.9 million in Q1 2024. - **Capital Resources:** Well-capitalized under regulatory frameworks. **Trends and Uncertainties:** - **Economic Conditions:** Potential impacts from inflation, recession, and interest rate changes. - **Mergers and Acquisitions:** Acquisition of Marblehead Bank added $0.7 million in merger-related expenses. - **Regulatory Environment:** Compliance with Basel III and other regulatory requirements. **Future Operations Impact:** - **Growth Strategies:** Focus on expanding deposit and loan base, introducing products to new markets. - **Risk Management:** Ongoing monitoring of interest rate risk, liquidity risk, and credit risk. **Summary:** SB Financial Group, Inc. (SBFG) reported a mixed quarter with increased revenue but decreased net income due to higher expenses and merger-related costs. The company maintained stable asset quality and liquidity, with a focus on growth and regulatory compliance. Future operations will likely continue to focus on strategic growth and risk management amidst economic uncertainties.