SB Financial Group reported third‑quarter 2025 earnings, posting net income of $4.0 million, up 71.9% from the same quarter a year earlier, and GAAP diluted earnings per share of $0.64, up 82.9% year‑over‑year.
Operating revenue reached $16.6 million, a 15.9% increase from the year‑ago quarter but a 3.5% decline from the second‑quarter 2025 result of $17.2 million. Net interest income rose 21% to $12.3 million, while non‑interest income increased 2.9% to $4.2 million. The net interest margin expanded to 3.48%, up 32 basis points, reflecting disciplined balance‑sheet management and stable funding costs.
Total loans grew to $1.11 billion, a 7.8% year‑over‑year increase that includes $18.0 million added through the Marblehead acquisition. Deposits expanded to $1.26 billion, up 8.9% year‑over‑year, with $50.9 million contributed by the acquisition and $52.1 million from organic growth. The loan‑to‑deposit ratio stood at 88 percent and the loan‑to‑asset ratio at 74 percent.
The company’s earnings beat analyst expectations, with diluted earnings per share of $0.64 versus the consensus estimate of $0.62, and operating revenue of $16.6 million versus the consensus estimate of $12.3 million. Management highlighted strong demand in its mortgage and community banking segments and cited disciplined cost management as key drivers of margin expansion.
SB Financial’s CEO, Mr. Klein, said the company has a “strong foundation to navigate the current environment and support future growth.” The Marblehead acquisition, completed earlier in the year, is expected to enhance the company’s regional footprint and add a diversified loan portfolio, positioning SB Financial for continued expansion in the New England market.
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