PR Newswire
DEFIANCE, Ohio, July 20, 2017
DEFIANCE, Ohio, July 20, 2017 /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, 2017.
Second-quarter 2017 highlights over prior-year second quarter include:
Six-months ended June 30, 2017 highlights over prior-year six months include:
Trailing twelve months (TTM) ended June 30, 2017 results compared to same period prior year:
Highlights | Three Months Ended ARIVA.DE Börsen-Geflüster | Six Months Ended | |||||
($000's except ratios and share data) | Jun. 2017 | Jun. 2016 |
% Change |
Jun. 2017 |
Jun. 2016 |
% Change | |
Operating revenue | $ 11,425 | $ 10,730 | 6.5% | $ 21,733 | $ 20,281 | 7.2% | |
Interest income | 7,966 | 7,213 | 10.4 | 15,380 | 14,040 | 9.5 | |
Interest expense | 1,003 | 790 | 27.0 | 1,911 | 1,505 | 27.0 | |
Net interest income | 6,963 | 6,423 | 8.4 | 13,469 | 12,535 | 7.5 | |
Noninterest income | 4,462 | 4,307 | 3.6 | 8,264 | 7,746 | 6.7 | |
Noninterest expense | 7,806 | 7,407 | 5.4 | 15,188 | 14,302 | 6.2 | |
Net income | 2,317 | 2,265 | 2.3 | 4,310 | 3,920 | 9.9 | |
Earnings per diluted share | 0.37 | 0.35 | 5.7 | 0.68 | 0.61 | 11.5 | |
Net interest margin (FTE) | 3.73% | 3.75% | (0.5) | 3.66% | 3.75% | (2.4) | |
Return on assets | 1.09% | 1.15% | (5.2) | 1.03% | 1.01% | 2.0 | |
Return on equity | 10.45% | 10.80% | (3.2) | 9.80% | 9.43% | 3.9 | |
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"Lower mortgage originations impacted our quarterly performance, although we were pleased to show positive earnings growth from both the prior-year and linked quarters," said Mark A. Klein, Chairman, President and CEO of SB Financial. "For the first half of this year; double digit earnings growth, strong loan and deposit volume and improving asset quality are the headlines."
RESULTS OF OPERATIONS
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