SB Financial Group, Inc. (NASDAQ: SBFG) (“SB Financial” or the “Company”), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services, today announced it has been named to the 2022 Keefe, Bruyette & Woods, Inc. “Bank Honor Roll” of superior performers. This is the second straight year SB Financial Group, Inc. has earned the distinction.
KBW, a fullâservice, boutique investment bank and brokerâdealer that specializes in the financial services sector, found that 17 banking institutions, just 5% of all banks screened, qualified for inclusion on its Bank Honor Roll in 2022. Of note, Honor Roll winners are publicly traded banking institutions with more than $500 million in total assets that consistently reported increases in earnings per share over the last decade.
“We continue to deliver on our vision of remaining a high-performing community bank, and this recognition shines a light on the performance we have delivered to our stakeholders over the last decade,” said Mark Klein, Chairman, President and CEO of SB Financial. “The center-post of this success, however, is our passionate and caring staff who serve each of our clients as if they were our only one. When we combine this level of care with a focus on the unique balance of the needs of our stakeholders, including our owners, clients, staff and communities, breakthrough results surface; we are grateful for the support we receive from each.”
“The U.S. economy rebounded in 2021, as COVID-19 vaccinations became widely accessible and proved highly effective,” said Thomas B. Michaud, KBW President and CEO. “Banks benefitted from the rebounding economy and the overhang of credit risk was removed, supporting both earnings growth and bank stock outperformance. The KBW Bank Honor Roll showcases those best-in-class banking institutions that deliver consistent growth for their investors. These banks are also rewarded by the market and receive premium valuation multiples.”
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