SB Financial Q3 revenue rises 9% on loan growth
SBFG•SB Financial's third-quarter operating revenue rose 9% year over year to $18.08 million, supported by loan and fee income growth. Net income was $3.95 million and diluted EPS was $0.63, both slightly lower than a year earlier.
1. Revenue and loan growth
SB Financial said third-quarter operating revenue increased 9% year over year to $18.08 million, driven by loan portfolio growth and higher mortgage banking revenue, loan servicing fees and contributions from its Wealth Management and Title Insurance divisions. Net income was $3.95 million and diluted EPS was $0.63, both slightly lower than in the prior-year quarter; the company recorded its tenth consecutive quarter of loan portfolio growth.
