SB Financial Q3 revenue rises 9% on loan growth

By Reuters News


Overview

  • US community bank's Q3 operating revenue rose 9% yr/yr on loan and fee income growth

  • Q3 net income and diluted EPS declined slightly from prior-year quarter

  • Company achieved tenth consecutive quarter of loan portfolio growth


Outlook

  • Company expects to finish 2026 with strong momentum, citing robust capital and credit quality

  • Company says it will maintain focus on expense control and operating leverage in coming quarters

  • Company sees resilient deposits and fee income supporting performance through year-end


Result Drivers

  • LOAN PORTFOLIO GROWTH - Co said steady gains in loan portfolio drove Q3 revenue growth

  • MORTGAGE AND FEE INCOME - Higher net mortgage banking revenue, increased loan servicing fees and contributions from Wealth Management and Title Insurance divisions supported noninterest income

  • HIGHER OPERATING COSTS - Increased salaries, benefits, data processing and marketing expenses contributed to higher noninterest expense in Q3


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Operating Revenue

$18.08 mln

Q3 EPS

$0.63

Q3 Net Income

$3.95 mln

Q3 Net Interest Income

$13.42 mln

Q3 Provision For Credit Losses

$127,000


Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the banks peer group is "buy"

  • Wall Street's median 12-month price target for SB Financial Group Inc is $29.00, about 3.6% below its October 21 closing price of $30.07

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago


Reuters Recommended Reads

  • Oct 21 - Parke Bancorp's Q3 net income rises, helped by loan growth

  • Oct 20 - Commerce Bancshares Q3 EPS beats, helped by loan growth

  • Oct 19 - ServisFirst Bancshares Q3 profit jumps on loan growth, wider interest margin


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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