earnings
confidence high
sentiment neutral
materiality 0.55
SB Financial Q3 net income $2.4M (-12.4% YoY); EPS $0.35; tangible book up 26% to $16.49
SB FINANCIAL GROUP, INC.
2024-Q3 EPS reported
$1.17
- Net income of $2.4M, down 12.4% YoY; diluted EPS $0.35 (-10.3% YoY) but up 3.0% adjusted for MSR impairment.
- Net interest income $10.2M (+6.8% YoY); net interest margin expanded 9 bps to 3.17%.
- Total loans $1.03B (+$40.9M or 4.1% YoY); deposits $1.16B (+6.8% YoY).
- Mortgage originations $70.7M (+15.5% YoY); servicing portfolio $1.41B (+2.9%).
- Tangible book value per share $16.49 (+26.0% YoY); Marblehead acquisition on track.