Overview

* SB Financial ( SBFG ) Q3 net income rises 71.9% yr/yr, driven by strong loan growth

* Net interest income for Q3 increases 21.1% yr/yr, reflecting higher loan interest

* Company repurchased 101,000 shares, reflecting disciplined capital management

Outlook

* Company did not provide specific financial guidance for future periods in its press release

Result Drivers

* LOAN GROWTH - Total loans increased by $80.6 mln, or 7.8%, from the prior year, with $62.7 mln of organic growth, supported by the Marblehead acquisition

* DEPOSIT GROWTH - Deposits rose $103 mln, or 8.9%, year-over-year, with $52.1 mln organic growth, reflecting strong client retention

* NET INTEREST INCOME - Increased by 21.1% to $12.3 mln, driven by higher loan interest and stable funding costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $16.57

Operatin mln

g

Revenue

Q3 EPS $0.64

Q3 Net $4.04

Income mln

Q3 Net $12.33

Interest mln

Income

Q3 $124,000

Provisio

n For

Credit

Losses

Analyst Coverage

* The one available analyst rating on the shares is "strong 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 ( SBFG ) is $23.00, about 18.4% above its October 29 closing price of $18.76

Press Release:

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(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.)