Overview
SB Financial Q2 adjusted EPS of $0.58 beats analysts' expectations
Net interest income rises 25.6% to $12.1 mln, driven by loan growth
Company reports 23.7% increase in net income to $3.9 mln
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
LOAN GROWTH - Strong loan growth contributed to a 25.6% increase in net interest income
MARBLEHEAD ACQUISITION - Acquisition strengthened liquidity and expanded market presence, boosting loan and deposit growth
NONINTEREST INCOME - Gains on mortgage loan sales and title insurance drove a 15.1% increase in noninterest income
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Operating Revenue | $17.18 mln | ||
Q2 Adjusted EPS | Beat | $0.58 | $0.54 (1 Analyst) |
Q2 EPS | $0.6 | ||
Q2 Net Income | $3.85 mln | ||
Q2 Net Interest Income | $12.13 mln | ||
Q2 Provision For Credit Losses | $597,000 |
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for SB Financial Group Inc is $23.00, about 14.1% above its July 23 closing price of $19.75
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nGNX4FXrkw
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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