---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-032261"
form_type: "8-K"
ticker: "SBFG"
cik: "0000767405"
company_name: "SB FINANCIAL GROUP, INC."
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:38:55.423951+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SB Financial Q1 net income down 12.9% to $2.5M; EPS $0.35; loan growth 5.9% annualized

## Summary
- Net income $2.5M, diluted EPS $0.35 vs $0.40 prior year; adjusted for OMSR recapture, net income up 14%.
- Net interest income $10.3M (+21.8% YoY); net interest margin +68 bps YoY due to balance sheet mix shift.
- Noninterest income $3.7M (-36.8% YoY) driven by mortgage revenue decline; mortgage originations $49.3M (-49.3% YoY).
- Loans held for investment $976.3M (+14.8% YoY); deposits $1.11B (-2.5% YoY but +$23.5M linked quarter).
- Nonperforming assets $4.7M (0.35% of assets), down 16% YoY; repurchased 56,000 shares during quarter.

## SEC filing metadata
- accession: 0001213900-23-032261
- form_type: 8-K
- ticker: SBFG
- cik: 0000767405
- company_name: SB FINANCIAL GROUP, INC.
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/767405/000121390023032261/0001213900-23-032261-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/767405/000121390023032261/ea177430-8k_sbfinancial.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-032261
- JSON: https://secwatch.observer/filing/0001213900-23-032261.json
- Plain text: https://secwatch.observer/filing/0001213900-23-032261.txt

## Key facts
- Earnings Releases
  SB FINANCIAL GROUP, INC. reported first quarter 2023 results: net income $2.5 million, EPS $0.35.
  - Period: first quarter 2023
  - Net income: $2.5 million
  - EPS: $0.35
  - Result: reported results
  source text: First quarter 2023 highlights: ● Net income of $2.5 million decreased 12.9 percent compared to the prior year with diluted earnings per share (“EPS”) of $0.35
  evidence_url: https://www.sec.gov/Archives/edgar/data/767405/000121390023032261/0001213900-23-032261-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.