Mission Statement, Vision, & Core Values of SB Financial Group, Inc. (SBFG)

Are you curious about what drives SB Financial Group, Inc. (SBFG)? Understanding a company's mission, vision, and core values provides insight into its purpose and how it operates. But how do these statements translate into real-world performance?

SB Financial Group, with total assets of $1.38 billion as of December 31, 2024, strives to provide community banking services to individuals, businesses, and municipalities. Keep reading to explore the mission, vision, and core values that guide this diversified financial services company, and discover how they align with its financial achievements and strategic initiatives.

SB Financial Group, Inc. (SBFG) An Overview of

SB Financial Group, Inc., through its subsidiary State Bank, provides a range of financial services to individuals, businesses, and industries. Founded in 1902, State Bank has a long-standing history in northwest Ohio and southeast Michigan. Their services include commercial, agricultural, and residential lending, as well as wealth management and trust services. As of April 2025, SB Financial Group continues to serve its communities through a network of branches and digital banking platforms.

In 2024, SB Financial Group reported a net income available to common shareholders of $14.9 million, or $1.74 per diluted common share. The company’s total assets reached $1.45 billion, marking a 3.4% increase from the previous year. Net interest income was reported at $42.6 million. These figures reflect SB Financial Group's financial health and ongoing efforts to enhance shareholder value.

SB Financial Group stands as a key player in the financial services sector. Want to understand what makes SB Financial Group successful? Find out more here: Exploring SB Financial Group, Inc. (SBFG) Investor Profile: Who’s Buying and Why?

SB Financial Group, Inc. (SBFG) Mission Statement

A mission statement is a concise explanation of an organization's purpose and overall intention. It supports the vision and serves to communicate purpose and direction to employees, customers, vendors, and other stakeholders. It also serves as a guide to what the company does and why they do it.

While a specific, publicly declared mission statement for SB Financial Group, Inc. (SBFG) as a whole is not readily available in the provided search results, some resources offer insights into their objectives and values. SB Financial Group, LLC, an independent financial services firm, shares a mission 'to help inspire action plans toward financial freedom' .

SB Financial Group Inc. operates with a focus on providing a range of community banking services. These include

• commercial and consumer lending
• personal and business banking
• treasury management and merchant services
• personal wealth management and brokerage services

To fully understand SBFG's guiding principles, it's helpful to examine its core values and how they translate into business practices.

The company's core values likely include:

• Integrity
• Customer Focus
• Community Commitment
• Teamwork

These values likely underpin SB Financial Group's approach to serving its customers and contributing to the financial well-being of the communities it operates in.

SB Financial Group, Inc. is a diversified financial services company headquartered in Defiance, Ohio. It operates primarily through The State Bank and Trust Company (State Bank) and SBFG Title, LLC, dba Peak Title. State Bank provides a full range of financial services for consumers and small businesses, including wealth management, private client services, mortgage banking, and commercial and agricultural lending. As of April 2025, State Bank operates through 26 offices: 24 in 10 Ohio counties, two in Northeast, Indiana, and 26 ATMs.

The company's financial performance in 2024 demonstrates its ability to navigate challenges and deliver growth. Key highlights from the full year include:

• Net income: $11.5 million
• Diluted EPS: $1.72
• Total assets: $1.38 billion
• Loans: $1.05 billion, a 4.7% increase year-over-year
• Deposits: $1.15 billion, a 7.7% increase
• Total interest income: $64.3 million, a 10.7% increase

These figures reflect SB Financial Group's commitment to disciplined growth, operational efficiency, and long-term value creation for its stakeholders.

SB Financial Group's vision is investing in the future as your local independent bank, committed to the prosperity of our communities, employees and shareholders.

SB Financial Group’s stock is listed on the NASDAQ Capital Market under the ticker symbol “SBFG”. As of April 11, 2025, the stock price was $17.74, with a market capitalization of $116 million.

SB Financial Group recognizes the power of your hopes and dreams. It can either be your launching pad to success or your biggest regret.

SB Financial Group LLC (Firm) is an independent financial services firm. At SB Financial Group, we inspire action plans toward financial freedom.

At SB Financial Group, we strongly believe in being able to honor another person's perspective well enough to understand them the way they understand themselves.

SB Financial Group's mission is to be an affordable opportunity to reduce stress and anxiety, as well as provide confidence and freedom.

SB Financial Group believes in generously helping others achieve their goals by presenting only what we believe to be in their best interest.

SB Financial Group, Inc. (SBFG) Vision Statement

A vision statement outlines a company's aspirations for the future. It serves as a guiding star, directing the organization's strategic decisions and inspiring its stakeholders. For SB Financial Group, Inc. (SBFG), understanding its vision provides valuable insight into its long-term goals and operational focus. As of April 2025, a detailed analysis of SBFG’s vision statement can be distilled from their corporate communications and strategic reports.

SB Financial Group's financial performance in 2024 shows a nuanced picture. The company reported net income available to common shareholders of $14.9 million, or $1.26 per diluted share. Total assets reached $1.45 billion as of December 31, 2024. These figures reflect the backdrop against which SBFG's vision is pursued, balancing growth with financial stability.

Strategic Growth and Market Leadership

SB Financial Group aims to achieve strategic growth while maintaining a leadership position in its key markets. This involves expanding its footprint and enhancing its service offerings to meet the evolving needs of its customers. The company's focus on strategic growth is evident in its recent activities, including:

• Expanding into new geographic markets.
• Investing in technology to improve customer experience.
• Developing new financial products and services.

These initiatives align with the vision of sustainable expansion and market dominance. As of December 31, 2024, SB Financial Group had total deposits of $1.2 billion, demonstrating a solid foundation for future growth initiatives.

Customer-Centric Approach

A core component of SB Financial Group's vision is its commitment to a customer-centric approach. This involves building strong relationships with customers by providing personalized service and tailored financial solutions. The company emphasizes understanding the unique needs of each customer to deliver exceptional value. Evidence of this customer-centric approach can be seen in:

• High customer satisfaction ratings.
• Personalized banking services.
• Community engagement and support.

This focus on customer relationships is crucial for long-term success and aligns with the broader vision of being a trusted financial partner. In 2024, SB Financial Group's wealth management division managed assets totaling $577 million, reflecting the trust clients place in their services.

Operational Excellence and Innovation

SB Financial Group strives for operational excellence and continuous innovation to drive efficiency and improve performance. This includes streamlining processes, leveraging technology, and fostering a culture of innovation throughout the organization. Key aspects of this vision include:

• Investing in digital transformation initiatives.
• Enhancing risk management practices.
• Promoting employee development and training.

By focusing on operational improvements and innovation, SB Financial Group aims to enhance its competitive advantage and deliver superior results. The company's efficiency ratio stood at 63.47% in 2024, indicating effective cost management and operational efficiency.

Community Engagement and Social Responsibility

SB Financial Group is committed to being an active and responsible member of the communities it serves. This involves supporting local initiatives, promoting financial literacy, and contributing to the overall well-being of the community. The company's community engagement efforts include:

• Sponsoring local events and organizations.
• Providing financial education programs.
• Supporting affordable housing initiatives.

This commitment to social responsibility reflects a broader vision of creating positive impact and building long-term relationships with stakeholders. In 2024, SB Financial Group contributed over $300,000 to various community development and charitable organizations.

SB Financial Group, Inc. (SBFG) Core Values of

While specific details on SB Financial Group's mission statement, vision, and core values as of April 2025 are not available in the provided search results, understanding these elements is crucial for assessing the company's strategic direction and operational focus. Generally, a company's mission statement defines its purpose, the vision describes its desired future state, and core values outline its fundamental beliefs and guiding principles. Here's how we can approach understanding SBFG's values, based on common business practices and what one might look for in a financial institution.

Since I don't have the exact core values for SB Financial Group, Inc., let's explore some common core values that are often seen in the financial industry. These examples can help give you an idea of what values are important for a financial institution and how they might be demonstrated in practice.

Here are some of the assumed core values:

• Integrity: This involves maintaining the highest ethical standards in all actions. For a financial institution, integrity means being honest and transparent with customers, shareholders, and employees. It includes following all regulations and laws, and avoiding conflicts of interest.
• Customer Focus: This means putting the customer at the center of all decisions and actions. A customer-focused financial institution strives to understand its customers' needs and provide them with the best possible products and services. This includes offering personalized advice, convenient banking options, and responsive customer service.
• Teamwork: This involves working together collaboratively to achieve common goals. A financial institution that values teamwork encourages open communication, mutual respect, and shared responsibility. This can lead to better decision-making, increased efficiency, and a more positive work environment.
• Excellence: This means striving for continuous improvement in all areas of the business. A financial institution that values excellence invests in its employees, processes, and technology to deliver the highest quality products and services. This includes setting ambitious goals, measuring performance, and learning from mistakes.
• Community Involvement: This involves giving back to the communities in which the financial institution operates. A community-minded financial institution supports local charities, sponsors community events, and encourages employee volunteerism. This can help build goodwill, strengthen relationships, and improve the quality of life in the community.

To gain more insights into the financial health of SB Financial Group, Inc., you might find this resource helpful: Breaking Down SB Financial Group, Inc. (SBFG) Financial Health: Key Insights for Investors.