SB Financial Group, Inc. (SBFG)

SB Financial Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	55.88	51.89	38.57	38.17	39.97	40.83
Interest Income on Investments	6.75	6.26	6	3.74	2.66	3.57
Total Interest Income	62.63	58.15	44.57	41.9	42.64	44.4
Interest Paid on Deposits	20.26	14.71	3.48	3.13	6.07	8.66
Interest Paid on Borrowings	3.76	4.17	1.69	0.89	0.64	0.91
Total Interest Expense	24.02	18.88	5.17	4.02	6.71	9.57
Net Interest Income	38.61	39.27	39.4	37.88	35.93	34.83
Net Interest Income Growth (YoY)	-4.88%	-0.32%	4.00%	5.44%	3.17%	4.69%
Trust Income	3.43	3.53	3.73	3.81	3.25	3.09
Gain (Loss) on Sale of Assets	0.2	-	-	-	-	-0.01
Gain (Loss) on Sale of Investments	1.45	1.45	-	-	-	0.21
Other Non-Interest Income	8.53	8.75	8.36	6.03	4.63	6.15
Total Non-Interest Income	18.04	17.77	16.95	27.26	33.68	19.11
Non-Interest Income Growth (YoY)	13.78%	4.83%	-37.82%	-19.06%	76.25%	14.53%
Revenues Before Loan Losses	56.65	57.04	56.35	65.15	69.61	53.94
Provision for Loan Losses	0.13	0.32	-	1.05	4.5	0.8
Revenue	56.52	56.73	56.35	64.1	65.11	53.14
Revenue Growth (YoY)	0.85%	0.67%	-12.08%	-1.56%	22.54%	7.67%
Salaries and Employee Benefits	23.11	22.73	24.19	26.56	25.35	22.44
Occupancy Expenses	2.73	2.9	2.8	2.86	2.71	2.41
Selling, General & Administrative	12.82	12.35	11.91	11.8	11.92	9.59
Other Non-Interest Expense	3.68	3.98	3.42	3.59	3.11	2.97
Total Non-Interest Expense	42.33	41.96	42.31	44.81	43.09	37.41
EBT Excluding Unusual Items	14.2	14.77	14.04	19.29	22.03	15.73
Asset Writedown	-0.05	-0.05	1.28	3.44	-3.59	-1.09
Pretax Income	14.15	14.72	15.32	22.72	18.44	14.63
Income Tax Expense	2.43	2.62	2.8	4.45	3.5	2.66
Net Income	11.72	12.1	12.52	18.28	14.94	11.97
Preferred Dividends & Other Adjustments	0.03	0.03	0.03	0.02	0.02	0.97
Net Income to Common	11.69	12.07	12.49	18.26	14.93	11.01
Net Income Growth	-0.23%	-3.40%	-31.49%	22.30%	24.81%	2.88%
Basic Shares Outstanding	7	7	7	7	8	7
Diluted Shares Outstanding	7	7	7	7	8	8
Shares Change (YoY)	-3.23%	-2.27%	-5.46%	-6.61%	-3.78%	2.80%
EPS (Basic)	1.74	1.77	1.78	2.45	1.87	1.62
EPS (Diluted)	1.74	1.75	1.77	2.44	1.87	1.43
EPS Growth	3.70%	-1.13%	-27.40%	30.61%	30.08%	0.06%
Dividend Per Share	0.550	0.520	0.480	0.419	0.381	0.343
Dividend Growth	7.84%	8.33%	14.56%	9.97%	11.11%	12.50%
Effective Tax Rate	17.18%	17.82%	18.25%	19.57%	18.95%	18.17%

Source: S&P Capital IQ. Banks template. Financial Sources.