Sb Financial
SB Financial Group is a publicly traded Ohio-based financial services holding company operating State Bank & Trust and Peak Title, providing consumer, small business, agricultural, mortgage, wealth management, and title insurance services across the Tri-State region of Ohio, Indiana, and Michigan.
- Company typePublic
- Founded-
- HeadquartersDefiance, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Sb Financial does
SB Financial Group, Inc. is a diversified financial services holding company headquartered in Defiance, Ohio, publicly traded on the NASDAQ Capital Market under the ticker SBFG. The company operates through two wholly owned subsidiaries: State Bank & Trust Company, a full-service community bank, and SBFG Title, LLC dba Peak Title, a title insurance and title opinions provider. State Bank delivers a comprehensive product suite spanning consumer banking (checking, savings, eServices, credit cards, personal loans), small business banking (commercial real estate, SBA, manufacturing lending, treasury solutions, employee benefits), agricultural lending, mortgage banking, and wealth management/private banking including estate planning, investment and asset management, and brokerage services. Peak Title provides title insurance across the Tri-State region of Ohio, Indiana, and Michigan.
The company distributes its services through a physical footprint of 27 offices (24 across ten Ohio counties, one in Fort Wayne, Indiana, plus recent entries in Angola, Indiana and Napoleon, Ohio), 25 ATMs, and 7 loan production offices throughout the Tri-State region, supplemented by digital channels at YourStateBank.com for online account opening, loan applications, and self-service banking. Revenue is generated through four streams: net interest income from the loan-deposit spread ($48.4M in FY2025, up 21% year-over-year), transaction-fee mortgage banking, transaction-fee title insurance via Peak Title, and fee-based wealth management and private banking. Management has set FY2026 targets of a $2 billion balance sheet, 10-15% mortgage volume growth, and $15 million in full-year net income. The company has reported 61 consecutive quarters of profitability, with Q1 2026 net income of $4.3M (+99.1% YoY) and asset quality metrics of 0.30% nonperforming assets and 432.2% allowance coverage of nonperforming loans.
Sb Financial firmographics
Firmographics- Name
- Sb Financial
- Legal name
- SB Financial Group, Inc.
- Website
- https://yoursbfinancial.com
- Company type
- Public
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- SB Financial Group is a publicly traded Ohio-based financial services holding company operating State Bank & Trust and Peak Title, providing consumer, small business, agricultural, mortgage, wealth management, and title insurance services across the Tri-State region of Ohio, Indiana, and Michigan.
- Ownership category
- akta.pro rank
Sb Financial industry classification
Industry- Product category
- Community Banking
- NAICS
- Depository Credit Intermediation (5221), Offices of Bank Holding Companies (551111)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Real Estate (Commercial Property, REITs) (FSABACAH)
- akta.pro secondary industries
- SBA/Government-Backed & Development Finance Loans (FSAKAGAI), Wealth Lending & Margin / Securities-Backed Lines (Retail) (FSAAAAAN)
Keywords
Where Sb Financial is headquartered
LocationHeadquarters
- HQ city
- Defiance
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Sb Financial business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Net Interest Income: Core banking revenue from the spread between interest earned on loans and interest paid on deposits. For full year 2025, net interest income rose 21% to $48.4 million, driven by balance sheet growth and margin expansion.
- Mortgage Banking: Revenue from mortgage originations and servicing. Management targets 10-15% mortgage volume growth for 2026.
- Title Insurance Services: Peak Title (dba Peak Title) provides title insurance and title opinions throughout the Tri-State region of Ohio, Indiana and Michigan.
- Wealth Management and Private Banking: Fee-based wealth management, investment and asset management, estate planning, private banking and brokerage services for consumers and businesses.
Distribution channels4 records
Marketing channels3 records
Sb Financial product offering
Product offeringCore offering
SB Financial Group, Inc. is a diversified financial services holding company that, through its subsidiary State Bank & Trust Company, delivers community banking services to consumers and small businesses including checking, savings, eServices, consumer and commercial loans (commercial real estate, SBA, manufacturing, agricultural), mortgage banking, credit cards, wealth management, and treasury solutions, and through SBFG Title, LLC dba Peak Title provides title insurance and title opinions across the Tri-State region of Ohio, Indiana, and Michigan.
Product overview
SB Financial Group operates as a diversified financial services holding company with two primary subsidiaries: State Bank & Trust Company (State Bank), a full-service community bank providing banking services to consumers and small businesses, and SBFG Title, LLC dba Peak Title, a title insurance and title opinions provider. State Bank offers a comprehensive suite of services including personal and business banking (checking, savings, eServices), lending (mortgage, commercial real estate, SBA, agricultural, and consumer loans), wealth management and investment services, and treasury solutions for businesses. The bank operates through 25 physical offices and 7 loan production offices across Ohio, Indiana, and Michigan. The company's product portfolio is organized around core banking services with mortgage banking, wealth management, and title services as key complementary offerings.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Banking Services Consumer banking offering from State Bank & Trust Company that includes checking accounts, savings accounts, eServices (online banking), mortgage loans, credit cards, personal loans and lines of credit, and consumer investment and insurance services for individual customers in the Tri-State region.
- Business Banking Services Small business and commercial banking offering from State Bank & Trust Company that includes business checking and savings, eServices, treasury solutions, employee benefits solutions, commercial real estate loans, SBA loans, manufacturing loans, business credit cards, and business loans and lines of credit for small and mid-sized businesses.
- Wealth Management and Investment Services Fee-based wealth management offering for consumers and businesses delivered through State Bank, including investment and asset management, estate planning, private banking, retirement services, insurance, business succession planning, and brokerage services.
- Mortgage Banking Mortgage loan origination and servicing offering from State Bank & Trust Company for residential home purchases and refinancing, supported by online mortgage applications, calculators, payment scheduling tools, and dedicated loan production offices in the Tri-State region.
- Peak Title Title Insurance Services Title insurance and title opinions provided by SBFG Title, LLC dba Peak Title, serving real estate transactions throughout the Tri-State region of Ohio, Indiana, and Michigan.
Quantifiable outcome
- 99.1% increase in Q1 2026 net income year-over-year
- +5 more outcomes
Companies that use Sb Financial
Customer profileSegments4 records
Ideal customer profiles4 records
Sb Financial technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Sb Financial partnerships and signals
Strategic signalScale indicators14 records
Recent moves6 records
Expansion highlights4 records
Sb Financial competitors and assessment
Company assessmentDirect peers
- Northwest Bancshares Inc: Warren, PA-based bank holding company (NASDAQ: NWBI) with ~$14B in assets. Comparable community-oriented bank with personal, business, and wealth services; serves as a benchmark for Tri-State-adjacent community bank economics.
- First Defiance Financial Corp: Defiance, OH-based bank holding company with $5B+ in assets operating in northwest Ohio and surrounding regions. Direct geographic and business model peer to SB Financial Group, with historical organizational ties.
- Lakeland Financial Corp: Warsaw, IN-based community bank holding company (NASDAQ: LKFN) operating Lake City Bank with ~$7B in assets. Indiana-headquartered peer with similar mix of consumer, business, commercial real estate, and agricultural lending.
- German American Bancorp: Jasper, IN-based regional bank holding company (NASDAQ: GABC) with $6B+ in assets. Direct peer operating in Indiana/Kentucky with consumer, business banking, wealth, and treasury services — overlapping Tri-State footprint.
- Heartland Financial USA Inc: Dubuque, IA-based regional bank holding company (NASDAQ: HTLF) with $20B+ in assets operating community banks across multiple states. Comparable diversified financial services holding company structure with banking, mortgage, and wealth.
- United Community Financial Corp: Youngstown, OH-based savings institution holding company (NASDAQ: UCFC) with ~$6B in assets. Direct Ohio peer offering consumer, business banking, and mortgage lending through Home Savings Bank subsidiary.
- First Merchants Corp: Muncie, IN-based regional bank holding company (NASDAQ: FRME) with $18B+ in assets. Closely comparable Indiana/Midwest peer offering commercial, retail, mortgage, and wealth management services across overlapping geography.
- Park National Corp: Newark, OH-based bank holding company (NYSE: PRK) with ~$9B in assets operating across Ohio and the Mid-Atlantic. Closely comparable Ohio community bank with consumer, business, mortgage, and wealth management services.
Broad incumbents
- Fidelity National Financial: National title insurance industry leader (NYSE: FNF). Larger incumbent providing the same title insurance and escrow services as Peak Title across SBFG's Tri-State footprint and nationally.
- First American Financial Corp: National title insurance and settlement services leader (NYSE: FAF) operating across the U.S. Direct business-line peer for SBFG's Peak Title subsidiary, though at vastly larger scale and national scope.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks3 records
Key highlights6 records
Customer concentration
Sb Financial social profiles
Digital presenceSb Financial compliance and trust
Trust signalCompliance1 record
Sb Financial financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sb Financial leadership team
Management profileNumber of profiles
Profiles3 records
Sb Financial subsidiaries and ownership
Company hierarchySubsidiaries2 records
Sb Financial funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sb Financial M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sb Financial
What does Sb Financial do?
SB Financial Group, Inc. is a diversified financial services holding company that, through its subsidiary State Bank & Trust Company, delivers community banking services to consumers and small businesses including checking, savings, eServices, consumer and commercial loans (commercial real estate, SBA, manufacturing, agricultural), mortgage banking, credit cards, wealth management, and treasury solutions, and through SBFG Title, LLC dba Peak Title provides title insurance and title opinions across the Tri-State region of Ohio, Indiana, and Michigan.
Is Sb Financial a public or private company?
Sb Financial is a public company. It is classified as public and is currently operating.
When was Sb Financial founded?
Sb Financial was founded in -1. It employs 1 to 10 people.
Where is Sb Financial based?
Sb Financial is headquartered in Defiance, United States, in the North America region.
How does Sb Financial make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are mortgage Banking, title Insurance Services and wealth Management and Private Banking.
Who are Sb Financial's main competitors?
Direct peers on record are Northwest Bancshares Inc, First Defiance Financial Corp, Lakeland Financial Corp, German American Bancorp, Heartland Financial USA Inc, United Community Financial Corp, First Merchants Corp and Park National Corp. Broad incumbents are Fidelity National Financial and First American Financial Corp.
Does Sb Financial have an API?
No public API is recorded for Sb Financial.
What industry is Sb Financial in?
Sb Financial's product category is Community Banking. Its primary akta.pro industry code is FSABACAH, Real Estate (Commercial Property, REITs), with a secondary code of FSAKAGAI, SBA/Government-Backed & Development Finance Loans. Its NAICS code is 5221 and its SIC code is 6022.