SB Financial Group posts $0.72 diluted EPS in Q2 2026, extends profitability streak to 62 quarters
DEFIANCE, Ohio, June 30. Diluted earnings per share of $0.72 and net income of $4.5 million marked SB Financial Group's second quarter of 2026, extending the company's run of consecutive profitable quarters to 62. The year-ago quarter produced $0.60 per diluted share, the company disclosed.
Key takeaways
- SB Financial Group reported diluted EPS of $0.72 and net income of $4.5 million in Q2 2026, up from $0.60 per diluted share a year earlier.
- The quarter extended the company's streak of consecutive profitable quarters to 62.
- Loan balances rose to $1.19 billion, up 8.7% year over year, marking nine consecutive quarters of sequential loan growth, while total deposits reached $1.39 billion, up more than 11%.
- Mortgage originations totaled $79.3 million, about a 21% rebound from the linked quarter but below the $97.9 million a year earlier.
- Non-performing assets fell to $4.4 million, or 0.27% of total assets, and tangible book value per share rose about 15.8% to $19.04.
DEFIANCE, Ohio, June 30. Diluted earnings per share of $0.72 and net income of $4.5 million marked SB Financial Group's second quarter of 2026, extending the company's run of consecutive profitable quarters to 62. The year-ago quarter produced $0.60 per diluted share, the company disclosed.
Loan and deposit expansion
Loan balances reached $1.19 billion in the second quarter, up $94.8 million, or 8.7%, from the prior year quarter and up $8.4 million from the linked quarter. The company said that extends nine consecutive quarters of sequential loan growth. Total deposits climbed to $1.39 billion, a gain of $141.3 million, or just over 11%, year over year, and up $19.3 million, or 1.4%, from the linked quarter.
Net interest income rose to $13.0 million, a 6.8% increase from $12.1 million in the prior year quarter. Non-interest-bearing checking accounts ended at $258.6 million, an annual gain of $17.3 million.
Mortgage originations and fee income
Mortgage originations totaled $79.3 million for the quarter, a roughly 21% rebound from the linked quarter but below the $97.9 million recorded in the prior year period. Chairman, President and Chief Executive Officer Mark A. Klein said teams continue to face difficulty with mortgage rates remaining above the 6% level, which the company views as the threshold for a more balanced mix of purchase and refinance activity. SB Financial sold 88.5% of production into the secondary market. The mortgage servicing portfolio ended the quarter at $1.50 billion.
Non-interest income came in at $5.0 million, or approximately 27.8% of total operating revenue. Peak Title generated revenue of $577,000, up nearly 20% from the linked quarter. SB Financial's Cincinnati region delivered nearly $20 million in mortgage volume in the first half of 2026, up more than 50% from the same period in 2025, Klein said on the call.
Asset quality and capital
Non-performing assets declined to $4.4 million, or 0.27% of total assets, down more than 28% from the prior year quarter. Tangible book value per share ended at $19.04, up roughly 15.8% from $16.44 a year earlier. Adjusted tangible book value per share, excluding accumulated other comprehensive income, was $22.57. Non-interest expense was $12.1 million, compared with $11.9 million in the prior year quarter, and deposit cost of funds held at 181 basis points.
The Marblehead acquisition reached its 18-month milestone during the period. The company said it now views that transaction as a contributor to its funding base and its presence in Northern Ohio.