SBFG

EX-99.1

2 ea030949801ex99-1.htm NEWS RELEASE ISSUED BY SB FINANCIAL GROUP, INC. ON OCTOBER 22, 2026, REPORTING FINANCIAL RESULTS FOR THE THIRD QUARTER 2026

Exhibit 99.1

SB Financial Group Announces Third Quarter 2026 Results

DEFIANCE,

OH, October 22, 2026 -- SB Financial Group, Inc. (NASDAQ: SBFG) (“SB Financial” or the “Company”), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services today reported earnings for the quarter ended September 30, 2026.

Third Quarter 2026 Highlights compared to the third quarter of the prior year and linked quarter include:

●GAAP

net income and Diluted Earnings per Share (“DEPS”) were $3.9 million, or $0.63 per DEPS, a slight decline from the $4.0 million, or $0.64 per DEPS in the prior-year quarter.

●Total loans reached $1.22 billion, reflecting an increase of $108.2 million, or 9.7 percent, from the prior-year quarter and an improvement of $29.2 million, or 2.5 percent, from the linked quarter. The performance this quarter marks SBFG’s tenth consecutive quarter of expansion in our loan portfolio.

●Total deposits climbed to $1.38 billion, increasing by $120.3 million, or 9.5 percent, from the prior year quarter, and down $8.3 million, or 0.6 percent, from the linked quarter.

●Tangible book value (“TBV”) per common share finished the quarter at $18.65, climbing $1.44 per share, or 8.3 percent, from $17.21 in the prior-year quarter. Adjusted tangible book value excluding AOCI advanced to $23.03 at quarter end.

Nine months ended September 30, 2026 Highlights compared to the same period of the prior-year:

●GAAP

net income increased to $12.7 million, a 26.7 percent expansion compared to $10.1 million reported for the previous nine months, and diluted EPS was $2.04, an improvement of 31.1 percent from $1.56, same period last year.

●Net interest income rose to $39.1 million, representing a 9.4 percent improvement from the $35.7 million reported in the prior-year period.

●Noninterest income increased by 7.1 percent to $14.4 million compared to $13.4 million reported in the previous nine months.

●Noninterest expense expanded, increasing by 4.1 percent to $37.2 million from $35.8 million in the prior-year period. YTD operating leverage was strong at 1.7 times.

Earnings Highlights

Three Months Ended Nine Months Ended

($ in thousands, except per share & ratios) Sep. 2026 Sep. 2025 % Change Sep. 2026 Sep. 2025 % Change

Operating revenue $18,075 $16,578 9.0% $53,440 $49,140 8.8%

Interest income 20,526 18,809 9.1% 59,653 54,648 9.2%

Interest expense 7,102 6,475 9.7% 20,563 18,907 8.8%

Net interest income 13,424 12,334 8.8% 39,090 35,741 9.4%

Provision for credit losses 127 124 -2.4% 640 1,108 -42.2%

Noninterest income 4,651 4,244 9.6% 14,350 13,399 7.1%

Noninterest expense 13,157 11,498 14.4% 37,223 35,760 4.1%

Net income 3,946 4,046 -2.5% 12,739 10,056 26.7%

Adjusted Earnings per diluted share 0.63 0.68 -7.4% 1.99 1.67 19.2%

Earnings per diluted share 0.63 0.64 -1.6% 2.04 1.56 30.8%

Adjusted Return on Avg. Assets 0.95% 1.13% -15.9% 1.03% 0.96% 7.3%

Return on average assets 0.96% 1.07% -10.3% 1.06% 0.90% 17.8%

Adjusted Return on Avg. Equity 10.44% 12.79% -18.4% 11.34% 10.84% 4.6%

Return on average equity 10.53% 12.08% -12.8% 11.62% 10.15% 14.5%

“Net income for the third quarter of 2026 was stable at $3.9 million, a 2.5 percent decrease from the prior-year quarter, with GAAP DEPS of $0.63, a decrease of 1.6 percent,” said Mark A. Klein, Chairman, President, and Chief Executive Officer. While our bottom-line results were slightly lower compared to the prior year, this marks our 63rd consecutive quarter of profitability. Our performance this quarter reflects the continued resilience of our core community banking operations—highlighted by our tenth consecutive quarter of loan growth—and dynamic contributions from our fee-based business lines, which helped mitigate the impact of elevated operating expenses and broader economic pressures.

RESULTS

OF OPERATIONS

Total operating revenue for the third quarter of 2026 was $18.1 million, an increase of 9.0 percent year-over-year and slightly improved from the linked quarter. This revenue growth was primarily driven by steady gains in our loan portfolio and resilience in noninterest income categories. Net interest income was $13.4 million for the third quarter of 2026, an increase from $12.3 million in the third quarter of 2025 and $13.0 million in the second quarter of 2026. Total interest income rose to $20.5 million, propelled by robust loan volume and repricing dynamics. Total interest expense was $7.1 million, a 9.7 percent increase from the prior-year period as deposit costs adjusted to the current rate environment. As a result, net interest margin was 3.50 percent, expanding 2 basis points from the third quarter of 2025.

Total loans increased $108.2 million, or 9.7 percent, from the prior-year quarter and

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