Quarterly ResultApr 23, 2026, 04:17 PM
SB Financial Q1 Net Income Jumps 99.1% to $4.3M
AI Summary
SB Financial Group, Inc. reported strong first-quarter 2026 results, with GAAP net income surging 99.1% to $4.3 million and diluted EPS increasing 109.1% to $0.69 compared to the prior-year quarter. The company achieved its 61st consecutive quarter of profitability, driven by a 12.7% rise in net interest income to $12.7 million, solid loan growth of 8.5%, and deposit growth of 7.9%. These results reflect wider margins, robust balance sheet growth, and the benefits from the Marblehead acquisition.
Key Highlights
- GAAP net income increased 99.1% to $4.3 million.
- Diluted EPS rose 109.1% to $0.69.
- Net interest income grew 12.7% to $12.7 million.
- Total loans increased 8.5% year-over-year, reaching $92.9 million.
- Total deposits grew 7.9% year-over-year to $1.37 billion.