PR Newswire
DEFIANCE, Ohio, July 21, 2016
DEFIANCE, Ohio, July 21, 2016 /PRNewswire/ -- 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, item and statement processing services, today reported earnings for the second-quarter and six-months ended June 30, 2016.
Second-quarter 2016 highlights over prior-year second quarter include:
Six-months ended June 30, 2016, highlights over prior-year six months include:
Highlights | Three Months Ended | | Six Months Ended ARIVA.DE Börsen-Geflüster | | |||
($000's except ratios and share data) | Jun. 2016 | Jun. 2015 |
% Change |
Jun. 2016 |
Jun. 2015 |
% Change | |
Operating revenue (FTE) | $ 10,819 | $ 10,301 | 5.0% | $20,455 | $19,522 | 4.8% | |
Interest income (FTE) | 7,302 | 6,509 | 12.2 | 14,214 | 12,777 | 11.2 | |
Interest expense | 790 | 651 | 21.4 | 1,505 | 1,294 | 16.3 | |
Net interest income (FTE) | 6,512 | 5,858 | 11.2 | 12,709 | 11,483 | 10.7 | |
Noninterest income | 4,307 | 4,443 | (3.1) | 7,746 | 8,039 | (3.6) | |
Noninterest expense | 7,407 | 6,818 | 8.6 | 14,302 | 13,462 | 6.2 | |
Net income | 2,265 | 1,991 | 13.8 | 3,920 | 3,487 | 12.4 | |
Earnings per diluted share | 0.35 | 0.31 | 12.9 | 0.61 | 0.54 | 13.0 | |
Net interest margin (FTE) | 3.75% | 3.76% | (0.3) | 3.75% | 3.74% | 0.3 | |
Return on assets | 1.15% | 1.11% | 3.6 | 1.01% | 0.98% | 3.1 | |
Return on equity | 10.80% | 10.26% | 5.3 | 9.43% | 9.05% | 4.2 | |
| | | | | | |
"We continued to execute successfully on our strategy to move our overall performance to a higher level," said Mark Klein, Chairman, President and CEO of SB Financial. "Our results for the second quarter reflected this progress, with a 12.9 percent increase in EPS compared to the prior-year quarter."
RESULTS OF OPERATIONS
Consolidated Revenue
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