SB Financial Group, Inc. Announces Third-Quarter and Nine-Month 2016 Results

DEFIANCE, Ohio, Oct. 20, 2016

Third-quarter 2016 highlights over prior-year third quarter include:

• Net income of $2.5 million, an increase of 12.5 percent, or $0.3 million
• Diluted earnings per share (EPS) of $0.40, an increase of 14.3 percent, or $0.05 per share
• Loan growth of $78.5 million, or 14.5 percent
• Deposit growth of $88.6 million, or 15.4 percent
• Fully Taxable Equivalent (FTE) net interest margin of 3.82 percent, down 5 basis points
• Mortgage origination volume of $117.2 million, an increase of 34.8 percent, or $30.2 million; servicing portfolio of $868.8 million, up 15.7 percent, or $117.8 million

Nine-months ended September 30, 2016, highlights over prior-year nine months include:

• Net income of $6.5 million, an increase of 12.5 percent, or $0.7 million
• Diluted earnings per share of $1.01, an increase of 14.6 percent, or $0.13 per share
• Return on average assets of 1.10 percent

Highlights	Three Months Ended			Nine Months Ended ARIVA.DE Börsen-Geflüster Kurse SB FINANCIAL GROUP INC. 13,51 $ -1,39% SB Financial Group, Inc. - Depositary Shares each representing a 1/100th interest in a 6.50% Noncumu -   0,00%
($000's except ratios and share data)	Sep. 2016	Sep. 2015	% Change	Sep. 2016	Sep. 2015		% Change
Operating revenue (FTE)	$ 11,772	$ 10,119	16.3%	$  32,227	$29,641		8.7%
Interest income (FTE)	7,585	6,811	11.4	21,799	19,588		11.3
Interest expense	828	644	28.6	2,333	1,938		20.4
Net interest income (FTE)	6,757	6,167	9.6	19,466	17,650		10.3
Noninterest income	5,015	3,952	26.9	12,761	11,991		6.4
Noninterest expense	7,930	6,626	19.7	22,232	20,088		10.7
Net income	2,547	2,264	12.5	6,467	5,751		12.5
Earnings per diluted share	0.40	0.35	14.3	1.01	0.89		14.6
Net interest margin (FTE)	3.82%	3.87%	(1.3)	3.72%	3.78%		(1.6)
Return on average assets	1.28%	1.26%	1.6	1.10%	1.07%		2.8
Return on average equity	11.90%	11.42%	4.2	10.27%	9.84%		4.4

"Our third-quarter performance was highlighted by our strongest mortgage origination quarter ever, and included double-digit loan and deposit growth and the resolution of a $3.5 million non-performing credit," said Mark Klein, Chairman, President, and CEO of SB Financial.  "Additionally this quarter, our $0.40 per share earnings represented a meaningful contribution from each of our six primary business lines.  This strong performance further highlights our successful execution of our key strategic initiatives to drive growth for our company and value for our shareholders."

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