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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. SB Financial Group's annualized net income for the quarter that ended in Mar. 2024 was $9.47 Mil. SB Financial Group's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $86.75 Mil. Therefore, SB Financial Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 10.92%.
The historical rank and industry rank for SB Financial Group's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, SB Financial Group's highest Return-on-Tangible-Equity was 17.10%. The lowest was 11.41%. And the median was 13.70%.
The historical data trend for SB Financial Group's Return-on-Tangible-Equity 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.
SB Financial Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 11.41 | 13.56 | 16.41 | 13.08 | 14.32 |
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 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 11.90 | 15.03 | 13.79 | 19.13 | 10.92 |
For the Banks - Regional subindustry, SB Financial Group's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
For the Banks industry and Financial Services sector, SB Financial Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SB Financial Group's Return-on-Tangible-Equity falls into.
SB Financial Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 12.095 | / | ( (81.686 | + | 87.197 ) | / 2 ) | |
= | 12.095 | / | 84.4415 | ||||
= | 14.32 % |
SB Financial Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 9.472 | / | ( (87.197 | + | 86.293) | / 2 ) | |
= | 9.472 | / | 86.745 | ||||
= | 10.92 % |
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
SB Financial Group (NAS:SBFG) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Thank you for viewing the detailed overview of SB Financial Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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