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DEFIANCE, Ohio - SB Financial Group, Inc. (NASDAQ:SBFG), a regional financial services company with a market capitalization of $124.63 million, has been added to the Russell 3000 and Russell 2000 indices as part of the annual reconstitution of Russell US indices, the company announced Monday.
The inclusion in these indices, which capture the 4,000 largest US stocks as of April 30 ranked by total market capitalization, will remain in place for one year.
"We are honored to be included in the Russell 3000 Index," said Mark A. Klein, Chairman, President and CEO of SB Financial Group, in a press release statement.
SB Financial Group is a diversified financial services holding company for The State Bank and Trust Company and SBFG Title, LLC dba Peak Title. The company provides community banking, mortgage banking, wealth management, private client and title insurance services. According to InvestingPro, SBFG maintains a solid dividend track record, having raised its dividend for 12 consecutive years, with a current yield of 3.27%.
State Bank operates through 24 offices across ten Ohio counties and two in Northeast Indiana, along with 26 ATMs. The bank also maintains six loan production offices throughout Ohio, Indiana and Michigan. Peak Title provides title insurance and opinions throughout the Tri-State region and Kentucky.
FTSE Russell, which determines membership for its indices primarily by objective market-capitalization rankings and style attributes, is wholly owned by London Stock Exchange Group. According to the company, approximately $18.1 trillion is benchmarked to FTSE Russell indices.
The announcement comes as SB Financial Group continues its operations across the Midwest region, with its common stock listed on the NASDAQ Capital Market. Trading at a P/E ratio of 11.26, InvestingPro analysis suggests the stock is slightly undervalued, with analysts setting a target price of $23. For deeper insights into SBFG’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, SB Financial Group reported its first-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.42, outperforming the forecasted $0.32. The company also achieved a revenue of $15.39 million, reflecting strong financial performance. SB Financial’s net income reached $2.7 million, marking a 27% increase in diluted EPS year-over-year, while net interest income rose by 23% from the previous year. The company’s tangible book value per share increased by 5.8% year-over-year, ending the quarter at $15.79. The acquisition of Marblehead Bancorp was finalized, contributing an additional $56 million in low-cost deposits and a $19 million loan book, enhancing SB Financial’s market position. Analysts have noted the company’s robust loan growth and deposit achievements, with expectations of further margin improvement by the fourth quarter of 2025. SB Financial projects a loan growth of 8-10% for 2025 and anticipates margin improvement to 3.55-3.60% by the end of the year. Mark Klein, CEO, emphasized the company’s focus on growth amidst economic uncertainties.
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