SB Financial Group First Quarter 2024 Earnings: EPS Beats Expectations

SB Financial Group (NASDAQ:SBFG) First Quarter 2024 Results

Key Financial Results

• Revenue: US$13.1m (down 4.0% from 1Q 2023).

• Net income: US$2.37m (down 3.1% from 1Q 2023).

• Profit margin: 18% (in line with 1Q 2023).

• EPS: US$0.35.

All figures shown in the chart above are for the trailing 12 month (TTM) period

SB Financial Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%.

Looking ahead, revenue is expected to decline by 20% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.8%.

Performance of the American Banks industry.

The company’s shares are down 2.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example – SB Financial Group has 2 warning signs (and 1 which can’t be ignored) we think you should know about.

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