SB Financial Group (SBFG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

SB Financial Group

NasdaqCM•Financial Services•Banks - Regional

$29.31-0.68(-0.02%)After hours

Market Cap

$182.49M

P/E

10.9x

P/S

2.7x

P/B

1.2x

SB Financial Group, Inc. operates as the financial holding company for the State Bank and Trust Company that provides a range of commercial banking, trust and wealth management services, and title insurance to individual and corporate customers primarily in Ohio, Indiana, and Michigan. It offers checking, savings, money market accounts, as well as time certificates of deposit; automatic teller machines; and commercial, consumer, agricultural, and residential mortgage loans. The company also provides personal and corporate trust, commercial leasing, bank credit cards, safe deposit box rental, internet banking, private client group, and other personalized banking products and services. In addition, it offers various trust and financial services comprising asset management services for individuals and corporate employee benefit plans, as well as brokerage services. Further, the company sells insurance products to retail and commercial customers. The company was formerly known as Rurban Financial Corp. and changed its name to SB Financial Group, Inc. in April 2013. SB Financial Group, Inc. was founded in 1902 and is based in Defiance, Ohio.

How this company scores

WeakMetricSide Score: 85/100

Grade capped at D — Interest coverage below 1× (0.8x) — earnings cannot cover interest. Strongest: Profitability (23/25); weakest: Balance Sheet & Red Flags (18/25).

Profitability23/25

Growth21/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality23/25

Strengths

Rising free cash flowStrong marginsRising earningsLow leverage

Grade capped at D

Interest coverage below 1× (0.8x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.9x5y range 0.0x – 12.0x

Currently near its 20-quarter median.

P/S · 2.7x5y range 0.0x – 2.8x

Currently above its 20-quarter median.

P/B · 1.2x5y range 0.0x – 1.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $182.49M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $68.36M
Q. Revenue: $17.94M
TTM EBITDA: $20.92M
TTM Op. Income: $20.73M
Q. Op. Income: $5.50M
TTM Net Income: $16.76M
Q. Net Income: $4.50M
EPS: $0.72
Shares Out.: $6.21M

$68.36M in TTM revenue grew 9.7% YoY, reaching $17.94M last quarter. TTM EBITDA of $20.92M and TTM operating income of $20.73M show growth is flowing through to the bottom line. TTM net income of $16.76M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 61.7%
EBITDA Margin: 30.7%
Op. Margin: 30.7%
Net Margin: 25.1%

Op. margin of 30.7% is up 3.2% YoY — cost efficiency is improving. Net margin at 25.1% and gross margin of 61.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 11% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.9x
P/S Ratio: 2.7x
P/B Ratio: 1.2x

At 10.9x P/E, the stock trades below typical market levels. P/S of 2.7x and P/B of 1.2x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is up 6% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.62B
Cash: $138.15M
Long-Term Debt: $22.50M
Book Value: $146.74M
D/E Ratio: 0.2
Debt/EBITDA: 4.1

With $1.62B in assets and $22.50M in long-term debt, D/E is 0.2and book value is $146.74M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 5 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $6.83M
TTM Free Cash Flow: $23.05M
FCF Margin: 33.7%
FCF / Net Income: 1.4

TTM FCF of $23.05M on $6.83M in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 119% — an improving trend.