secwatch.observer — SEC 8-K summary
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Issuer:     SB FINANCIAL GROUP, INC. (SBFG)
CIK:        0000767405
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0001213900-24-091109
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SB Financial Q3 net income $2.4M (-12.4% YoY); EPS $0.35; tangible book up 26% to $16.49
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/767405/000121390024091109/0001213900-24-091109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/767405/000121390024091109/ea0218803-8k_sbfin.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-091109

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer