SB Financial Group (SBFG) Misses Q3 EPS by 1c, Revenues Beat
SB Financial Group (NASDAQ: SBFG) reported Q3 EPS of $0.39, $0.01 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $12.7 million versus the consensus estimate of $8.3 million.
- Net income of $3.1 million, an increase of 14.5 percent
- Operating revenue of $12.7 million, up $0.6 million, or 5.0 percent
- Return on average assets of 1.30 percent, up 3 basis points, or 2.4 percent
- Diluted earnings per share (EPS) of $0.39, a decrease of $0.04 per share, or 9.3 percent
- Mortgage origination volume of $95.3 million, an increase of $6.1 million, or 6.8 percent
Mr. Klein noted, "Mortgage volumes were down from the linked quarter but up nearly 7 percent from the year ago quarter. To ensure we remain on plan, we have recently leveraged our regional real estate expertise into one of the Midwest\'s most dynamic markets – Indianapolis, which should add another productive mortgage region to the Company."
For earnings history and earnings-related data on SB Financial Group (SBFG) click here.