SB Financial Group (SBFG) Misses Q4 EPS by 1c, Revenues Beat

SB Financial Group (NASDAQ: SBFG) reported Q4 EPS of $0.37, $0.01 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $12.5 million versus the consensus estimate of $8.5 million.

Fourth quarter 2018 highlights over prior year fourth quarter, excluding the positive impact to our 2017 fourth quarter net income of the one-time $1.7 million deferred tax liability include:

• Net income of $3.0 million, up $0.6 million or 27.2 percent
• Diluted EPS of $0.37, flat to the prior year
• Return on average assets of 1.19 percent, up 13 basis points, or 12.6 percent
• Operating revenue of $12.5 million, up $0.8 million, or 6.8 percent
• Mortgage origination volume of $78.8 million, an increase of $6.7 million, or 9.3 percent

"SB Financial's fourth quarter and full year net income was an improvement over the prior year of 27 and 24 percent respectively excluding the 2017 deferred tax benefit," said Mark A. Klein, Chairman, President and CEO of SB Financial. "Organic balance sheet loan growth of $75 million for the year was our strong suit in 2018, despite some late pay downs at year end."

For earnings history and earnings-related data on SB Financial Group (SBFG) click here.

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