secwatch.observer — SEC 8-K summary
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Issuer:     SB FINANCIAL GROUP, INC. (SBFG)
CIK:        0000767405
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001213900-23-032261
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/767405/000121390023032261/0001213900-23-032261-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/767405/000121390023032261/ea177430-8k_sbfinancial.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-032261

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