Sb Financial Group, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 28, 2021 at 09:15 pm
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SB Financial Group, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 9.251 million compared to USD 8.596 million a year ago. Net income was USD 5.358 million compared to USD 3.358 million a year ago. Basic earnings per share from continuing operations was USD 0.71 compared to USD 0.48 a year ago. Diluted earnings per share from continuing operations was USD 0.71 compared to USD 0.42 a year ago. For the full year, net interest income was USD 35.930 million compared to USD 34.826 million a year ago. Net income was USD 14.944 million compared to USD 11.973 million a year ago. Basic earnings per share from continuing operations was USD 1.96 compared to USD 1.71 a year ago. Diluted earnings per share from continuing operations was USD 1.96 compared to USD 1.51 a year ago.
SB Financial Group, Inc. is a financial holding company. Through its direct and indirect subsidiaries, the Company is engaged in a various financial activities, including commercial banking, and wealth management services. The Company is primarily engaged in providing a full range of banking and wealth management services to individual and corporate customers primarily located in Ohio, Indiana, and Michigan. Its principal activity is the ownership and management of its wholly owned subsidiaries, The State Bank and Trust Company, SBFG Title, LLC, SB Captive, Inc., RFCBC, Inc., Rurbanc Data Services, Inc., Rurban Statutory Trust II, and SBFG Mortgage, LLC. The State Bank and Trust Company offers a full range of commercial banking services, including checking accounts, savings accounts, money market accounts and time certificates of deposit, automatic teller machines, commercial, consumer, agricultural and residential mortgage loans, commercial leasing, and various other services.