SB Financial Group, Inc. (NASDAQ: SBFG) reported financial results for the third quarter of 2026, filing an 8-K on October 23, 2026. The company reported GAAP net income of $3.9 million for the quarter, or $0.63 per diluted earnings per share (DEPS). This figure represents a slight decline from the $4.0 million, or $0.64 per DEPS, reported in the prior-year quarter. The company noted this marks its 63rd consecutive quarter of profitability.
For the nine months ended September 30, 2026, GAAP net income increased to $12.7 million, a 26.7 percent expansion compared to $10.1 million for the same period in the prior year. Diluted EPS for the nine-month period was $2.04, an improvement of 31.1 percent from $1.56.
Operating revenue for the third quarter was $18.1 million, an increase of 9.0 percent year-over-year. Net interest income for the quarter was $13.4 million, up from $12.3 million in the prior year. Total loans reached $1.22 billion, representing an increase of $108.2 million, or 9.7 percent, from the prior-year quarter. This marks the company's tenth consecutive quarter of loan portfolio expansion. Total deposits climbed to $1.38 billion, an increase of $120.3 million, or 9.5 percent, from the prior year.
On the balance sheet, total assets stood at $1.61 billion as of September 30, 2026, representing an increase of 7.9 percent from the prior year. The company reported a loan-to-deposit ratio of 88.1 percent and a loan-to-asset ratio of 75.5 percent. Shareholders' equity finished the period at $144.3 million, an increase of 5.4 percent from the prior year.
Asset quality metrics remained strong, with nonperforming assets totaling $4.3 million, or 0.27 percent of total assets. This represents an improvement of $574,000 compared to the prior-year quarter. During the third quarter, SB Financial repurchased approximately 6,700 shares of its common stock.
