secwatch.observer — SEC 8-K summary
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Issuer:     SB FINANCIAL GROUP, INC. (SBFG)
CIK:        0000767405
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001213900-25-039954
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SB Financial Q1 adjusted net income up 23.2% to $2.7M; Marblehead Bank acquisition closed
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- Adjusted diluted EPS $0.42 vs $0.33 prior year; GAAP EPS $0.33 down 5.7%.
- Revenue $15.4M (+17.2% YoY); net interest income $11.3M (+22.9%).
- Loans grew $96.7M to $1.09B; deposits up $158.9M to $1.27B including $56M from Marblehead.
- Tangible book value per share $15.79, up $0.86 (+5.8%) YoY; 26,446 shares repurchased.
- Nonperforming assets rose to $6.1M (0.41% of assets) from $2.9M; coverage ratio 254.4%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/767405/000121390025039954/0001213900-25-039954-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/767405/000121390025039954/ea0240939-8k_sbfin.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-039954

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