secwatch.observer — SEC 8-K summary
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Issuer:     SB FINANCIAL GROUP, INC. (SBFG)
CIK:        0000767405
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001213900-24-035342
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SB Financial Q1 net income $2.4M (-3.3% YoY), EPS flat at $0.35
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- Net interest income $9.2M, down 11.1% YoY on higher deposit costs; net interest margin compressed 38 bps.
- Total loans grew 1.6% to $991.6M; nonperforming assets improved to 0.22% of assets from 0.30%.
- Noninterest income up 7.8% to $3.95M, driven by 30.4% gain on mortgage sales; noninterest expenses down 4.6%.
- Mortgage banking net revenue rose 20.3% to $1.45M; servicing portfolio reached $1.37B (+2.1% YoY).
- Total deposits stable at $1.112B; shareholders' equity $123.7M, up 3.3% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/767405/000121390024035342/0001213900-24-035342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/767405/000121390024035342/ea0204477-8k_sbfin.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-035342

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