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SB Financial Group (SB Financial Group) Net Interest Margin (Bank Only) % : 3.06% (As of Mar. 2024)


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What is SB Financial Group Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. SB Financial Group's annualized Net Interest Income (for Banks) for the quarter that ended in Mar. 2024 was $36.72 Mil. SB Financial Group's average earning assets for the quarter that ended in Mar. 2024 was $1,200.27 Mil. Therefore, SB Financial Group's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 was 3.06%.


SB Financial Group Net Interest Margin (Bank Only) % Historical Data

The historical data trend for SB Financial Group's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SB Financial Group Net Interest Margin (Bank Only) % Chart

SB Financial Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.90 3.70 3.61 3.47 3.28

SB Financial Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.45 3.27 3.19 3.20 3.06

Competitive Comparison of SB Financial Group's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, SB Financial Group's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SB Financial Group's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, SB Financial Group's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where SB Financial Group's Net Interest Margin (Bank Only) % falls into.



SB Financial Group Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

SB Financial Group's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=39.273/( (1189.11 + 1206.659)/ 2 )
=39.273/1197.8845
=3.28 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 950.33 + 238.78
=1189.11

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 986.951 + 219.708
=1206.659

SB Financial Group's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 is calculated as

Net Interest Margin (Bank Only) %(Q: Mar. 2024 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Dec. 2023 ) + Earning Assets (Q: Mar. 2024 ))/ count )
=36.72/( (1206.659 + 1193.878)/ 2 )
=36.72/1200.2685
=3.06 %

where

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 986.951 + 219.708
=1206.659

Earning Assets(Q: Mar. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 980.639 + 213.239
=1193.878

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Mar. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


SB Financial Group  (NAS:SBFG) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


SB Financial Group Net Interest Margin (Bank Only) % Related Terms

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SB Financial Group (SB Financial Group) Business Description

Industry
Traded in Other Exchanges
N/A
Address
401 Clinton Street, P.O. Box 467, Defiance, OH, USA, 43512
SB Financial Group Inc operates as a Holding Company of State Bank and RDSI/DCM. Its activities involve commercial banking, trust, and financial services. It offers a full-range of financial services for consumers and small businesses, including trust services, mortgage banking, wealth management services, commercial and agricultural lending. It accepts deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and time certificates of deposit. It earns revenue in the form of interest income.
Executives
Timothy J. Stolly director 700 BLUFF OAK TRAIL, LIMA OH 45807
Timothy L. Claxton director 327 BAROUCHE PL., FORT WAYNE IN 46845
Mark A Klein officer: CHAIRMAN, PRESIDENT & CEO 225 KETTENRING DRIVE, DEFIANCE OH 43512
William G Martin director 136 DEERFIELD CIRCLE, BRYAN OH 43506
Richard L Hardgrove director 1959 MARBLE CLIFF CROSSING CT., COLUMBUS OH 43204
Steven A. Walz officer: EVP OF SUBSIDIARY 324 NORTHWOOD DR., DEFIANCE OH 43512
George W Carter director 15316 RD 168, PO BOX 322, PAULDING OH 45879
Anthony Van Cosentino officer: EVP OF SUBSIDIARY 1600 BRIDGEWOOD COURT, DEFIANCE OH 43512
David A. Homoelle officer: REGIONAL PRESIDENT OF SUBSIDIA 903 GATEHOUSE LANE, COLUMBUS OH 43235
Keeta Jane Diller officer: EVP OF SUBSIDIARY 13801 FRUIT RIDGE ROAD, DEFIANCE OH 43512
Gaytan Garcia Juan Ernesto officer: EVP OF SUBSIDIARY 2103 SOUTH BROOKHILL LANE, CANTON MI 48188
Rita A Kissner director 135 BIEDE PLACE, DEFIANCE OH 43512
Tom R Helberg director 30600 N. PIMA RD., UNIT 50, SCOTTSDALE AZ 85266
Jonathan R. Gathman other: EVP OF SUBSIDIARY 703 BURNING TREE DRIVE, DEFIANCE OH 43512
Fawcett Jr Robert A director 172 EASTOWNE DRIVE, OTTAWA OH 45875