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SB Financial Group (NASDAQ:SBFG) First Quarter 2024 Results
Key Financial Results
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Revenue: US$13.1m (down 4.0% from 1Q 2023).
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Net income: US$2.37m (down 3.1% from 1Q 2023).
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Profit margin: 18% (in line with 1Q 2023).
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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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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