SB Financial reports 2024 net income of $11.5M; deposit growth $82.4M, loans up $46.5M

SB FINANCIAL GROUP, INC.

Net income $11.5M ($1.72/share), down from $12.1M in 2023; ROAA 0.84%, ROAE 9.19%
Deposit growth $82.4M to $1.15B; loan growth $46.5M; Wealth Mgmt AUM up $45.9M
Asset quality strong: NPAs covered 274%, NPA/assets 0.11%; NCOs near zero
Expanded into Northern Ohio, new LPO in Cincinnati; regulatory OK for Angola, IN
Dividend CAGR 12.1% over 10 years; payout ratio 32.56%; TBV CAGR 6.3%

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