secwatch.observer — SEC 8-K summary
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Issuer:     SB FINANCIAL GROUP, INC. (SBFG)
CIK:        0000767405
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0001213900-23-005639
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SB Financial Q4 net income $3.5M ($0.50 EPS), up 6% YoY; FY net income $12.5M down 31%
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- Q4 net income $3.5M, diluted EPS $0.50 vs $0.49 prior year; net interest income up 20.1% to $10.9M.
- Full year net income $12.5M ($1.77 EPS) down 30.9% from $18.3M ($2.56 EPS) in 2021.
- Loan growth $139.4M (16.9%) YoY; deposits down 2.4% to $1.09B.
- Mortgage originations $51.2M, down 59.6% from Q4 2021; net mortgage banking revenue $1.2M vs $3.8M.
- Nonperforming assets improved to 0.38% of assets; net recoveries for full year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/767405/000121390023005639/0001213900-23-005639-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/767405/000121390023005639/ea172308-8k_sbfinancial.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-005639

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