SBFG on Nasdaq

SB FINANCIAL GROUP, INC.

SB FINANCIAL GROUP, INC. is an American state commercial bank based in Columbus, incorporated in Ohio.2 Its shares trade on Nasdaq under the symbol SBFG.2

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Last updated Oct 20, 2026.

Overview

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  • TickerSBFG on Nasdaq2
  • IndustryState Commercial Banks2
  • HeadquartersColumbus, United States2
  • Incorporated inOH3
  • Business address401 Clinton St, Defiance, Oh 435123
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation (For-Profit)2
  • LEI54930028E6P8OT8CTV582
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CT CORPORATION SYSTEM, 43219 Columbus, United States2
  • Registered withCorporation Database (Ohio Secretary of State), 6092582

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income5678910$14.0M in 2025+17% since 2019
0$5.0M$10.0M$15.0M$20.0M2019: $12.0M$12.0M20192020: $14.9M$14.9M2020+25%2021: $18.3M$18.3M2021+22%2022: $12.5M$12.5M2022−31%2023: $12.1M$12.1M2023−3%2024: $11.5M$11.5M2024−5%2025: $14.0M$14.0M2025+22%

Every line of the income statement as filed: the last 2 fiscal years, latest first.10

Period ending2025-12-312024-12-31
Taxable$65.0M$56.9M
Tax exempt$455.0K$496.0K
Taxable$4.5M$4.9M
Tax exempt$144.0K$146.0K
Other interest income$3.8M$2.0M
Total interest income$73.9M$64.3M
Deposits$22.5M$21.0M
Repurchase agreements & other$95.0K$154.0K
Federal Home Loan Bank advance expense$1.5M$1.7M
Trust preferred securities expense$637.0K$739.0K
Subordinated debt expense$778.0K$778.0K
Total interest expense$25.5M$24.4M
Net Interest Income$48.5M$39.9M
Provision (benefit) for credit losses - loans$1.3M-$440.0K
Provision for unfunded commitments$32.0K$564.0K
Total provision for credit losses$1.3M$124.0K
Net interest income after provision for credit losses$47.1M$39.8M
Wealth management fees$3.5M$3.5M
Customer service fees$3.5M$3.5M
Gain on sale of mortgage loans & OMSR$5.0M$4.6M
Mortgage loan servicing fees, net$1.6M$2.2M
Gain on sale of non-mortgage loans$143.0K$145.0K
Title insurance income$2.0M$1.6M
Other income$1.3M$1.5M
Total noninterest income$17.1M$17.0M
Salaries and employee benefits$25.1M$23.6M
Net occupancy expense$3.3M$2.9M
Equipment expense$4.5M$4.3M
Data processing fees$3.8M$3.1M
Professional fees$3.6M$2.9M
Marketing expense$651.0K$821.0K
Telephone and communications$511.0K$525.0K
Postage and delivery expense$541.0K$447.0K
State, local and other taxes$1.1M$907.0K
Employee expense$763.0K$733.0K
Other expense$3.1M$2.7M
Total noninterest expense$47.0M$43.0M
Income before income tax$17.3M$13.9M
Provision for income taxes$3.3M$2.4M
Net Income$14.0M$11.5M
Basic earnings per common share (in Dollars per share)$2.19$1.72
Diluted earnings per common share (in Dollars per share)$2.19$1.72

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Corporate structure

SB FINANCIAL GROUP, INC. sits at the top of its group. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SB FINANCIAL GROUP, INC.

  • Strategic Value Investors LP Filed SCHEDULE 13G/A on SB FINANCIAL GROUP, INC., latest Aug 19, 2026 (2 filings since Feb 14, 2024)
  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on SB FINANCIAL GROUP, INC., latest Jul 31, 2026 (2 filings since Apr 30, 2026)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on SB FINANCIAL GROUP, INC., latest Mar 27, 2026 (2 filings since Jan 31, 2025)
  • FJ Capital Management LLC Filed SCHEDULE 13G/A on SB FINANCIAL GROUP, INC., latest Aug 13, 2025 (4 filings since May 5, 2022)
  • Cutler Capital Management, LLC Filed SCHEDULE 13G on SB FINANCIAL GROUP, INC., latest Feb 13, 2025 (4 filings since Apr 8, 2022)
  • State Bank & Trust Co Filed SCHEDULE 13G/A on SB FINANCIAL GROUP, INC., latest Feb 11, 2025 (4 filings since Feb 11, 2022)
  • EJF Capital LP Filed SC 13G/A on SB FINANCIAL GROUP, INC., latest Feb 28, 2022
  • SB FINANCIAL GROUP, INC. Columbus, Ohio, United States
    • NC Merger Corp. Subsidiary · Ohio, United States
    • SB Captive, Inc. Subsidiary · Nevada, United States
    • SBFG Title, LLC Subsidiary · Ohio, United States
    • SBT Insurance, LLC Subsidiary · Ohio, United States
    • The State Bank and Trust Company Subsidiary · Ohio, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SB FINANCIAL GROUP, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$51.9M10 Dec 31, 2025$48.5M10 Dec 31, 2024+7.1%
Accumulated depreciation$30.2M10 Dec 31, 2025$28.0M10 Dec 31, 2024+7.8%
Property and equipment, net$21.7M10 Dec 31, 2025$20.5M10 Dec 31, 2024+6.0%

Investments

ItemLatestA year beforeChange
Debt securities available for sale$188.6M10 Dec 31, 2025$201.6M10 Dec 31, 2024−6.4%
Deposits held (banks)$1.3B10 Dec 31, 2025$1.2B10 Dec 31, 2024+13.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$27.2M10 Dec 31, 2025$23.2M10 Dec 31, 2024+16.9%
Finite-lived intangibles, net$1.2M10 Dec 31, 2025

Properties, in its own words

The Company’s principal executive offices are located at 401 Clinton Street, Defiance, Ohio. State Bank owns this facility, with a portion of the facility utilized as a retail banking center. In addition, State Bank owns the land and buildings occupied by 24 of its banking centers and leases three other properties used as banking centers. The Company also occupies office space from various parties for loan production and other business purposes on varying lease terms. There is no outstanding mortgage debt on any of the properties which are owned by State Bank.

Listed below are the banking centers, loan production offices and service facilities of the Company and their addresses, all of which are located in Allen, Defiance, Delaware, Franklin, Fulton, Hancock, Henry, Lucas, Ottawa, Paulding, Warren, Williams and Wood counties of Ohio; Allen, Hamilton and Steuben counties of Indiana; and Wayne County of Michigan:

The rest of Item 2

SB Financial Group, Inc. Property List as of December 31, 2025

($ in thousands) · Description/Address · Leased/ Owned · Total Deposits 12/31/25

Main Banking Center & Corporate Office

401 · Clinton Street, Defiance, OH · Owned · 327,688

Banking Centers/Drive-Thru’s

1419 · West High Street, Bryan, OH · Owned · 63,704

510 · Third Street, Defiance, OH (Drive-thru) · Owned · N/A

1600 · North Clinton Street, Defiance, OH · Leased · 35,795

312 · Main Street, Delta, OH · Owned · 20,151

4080 · West Dublin Granville Road, Dublin, OH · Owned · 87,163

104 · North Michigan Avenue, Edgerton, OH · Owned · 6,431

201 · East Lincoln Street, Findlay, OH · Owned · 24,449

408 · South Main Street Suite A, Findlay, OH · Leased · 209

12832 · Coldwater Road, Fort Wayne, IN · Owned · 32,768

1232 · North Main Street, Bowling Green, OH · Owned · 28,883

235 · Main Street, Luckey, OH · Owned · 31,588

133 · East Morenci Street, Lyons, OH · Owned · 25,262

930 · West Market Street, Lima, OH · Owned · 72,253

1201 · East Main Street, Montpelier, OH · Owned · 43,275

218 · North First Street, Oakwood, OH · Owned · 25,964

220 · North Main Street, Paulding, OH · Owned · 88,159

610 · East South Boundary Street, Perrysburg, OH · Owned · 12,905

119 · South State Street, Pioneer, OH · Owned · 41,004

6401 · Monroe Street, Sylvania, OH · Owned · 64,258

709 · W Main Street, Marblehead, OH · Owned · 37,312

259 · S Bridge Road, Marblehead, OH · Owned · 9,822

311 · Main Street, Walbridge, OH · Owned · 27,421

101 · North Michigan Street, Edon, OH · Owned · 73,083

1379 · North Shoop Avenue, Wauseon, OH · Owned · 115,370

1414 · North Scott St, Suite 120, Napoleon, OH · Leased · 1,873

307 · North Wayne Street, Angola, IN · Owned · 10,453

Loan Production Offices

10100 · Lantern Road, Suite 240, Fishers, IN · Leased · N/A

94 · Granville Street, Gahanna, OH · Owned · N/A

9313 · Mason-Montgomery Road, Suite 125, Mason, OH · Leased · N/A

1900 · Monroe Street, Suite 108, Toledo, OH · Leased · N/A

Service Facilities (SBT/ SBFG Title)

9275 · Haggerty Road, Belleville, MI · Leased · N/A

125 · West Butler Street, Bryan OH · Owned · N/A

9101 · Antares Avenue, Columbus, OH · Owned · N/A

1911 · Baltimore Road, Defiance, OH · Leased · N/A

Total deposits · 1,307,244

SB Captive operates from office space located at 101 Convention Center Dr., Suite 850, Las Vegas, NV 89109.

The Company’s subsidiaries have several noncancellable leases for business use that expire over the next five years. Aggregate rental expense for these leases was $0.3 million and $0.2 million for the years ended December 31, 2025, and 2024, respectively.

Future minimum lease payments under operating leases are:

2026 · 308

2027 · 271

2028 · 187

Thereafter · 407

Total minimum lease payments · 1,470

Item 2 of the 10-K filed Mar 6, 2026.13

Leadership

Who has led SB FINANCIAL GROUP, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Kenneth A. Joyce2006–2009
  2. Henry R. Thiemann2006–2007
  3. Jeffrey Duane Sewell2006–2007
  4. Robert W. Constien2006

President

  1. Jeffrey Duane Sewell2006
  2. Kenneth A. Joyce2006–2009
  3. Henry R. Thiemann2006–2010
  4. David A. Homoelle2021–2024

Chief financial officer

  1. Duane L. Sinn2006–2009
  2. James E. Adams2006
  3. Anthony Van Cosentino2010–now

Chief operating officer

  1. Jeffrey Duane Sewell2006
2010201520202025
Board members and other officers (27)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • NC Merger Corp. Ohio4
  • SB Captive, Inc. Nevada4
  • SBFG Title, LLC Ohio4
  • SBT Insurance, LLC Ohio4
  • The State Bank and Trust Company Ohio4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • RURBAN FINANCIAL CORPNov 6, 1995 to Apr 23, 20133

Timeline

  1. Jul 31, 20268-K Results of operations50
  2. Jul 31, 20268-K Results of operations51
  3. Jul 17, 20268-K Regulation FD disclosure52
  4. Apr 23, 20268-K Regulation FD disclosure53
  5. Apr 22, 20268-K Regulation FD disclosure54
  6. Apr 22, 20268-K Shareholder vote55
  7. Feb 2, 20268-K Results of operations56
  8. Jan 30, 20268-K Results of operations57
  9. Jan 23, 20268-K Regulation FD disclosure58
  10. Dec 22, 20258-K Executive or director change59
  11. Nov 4, 20258-K Results of operations60
  12. Nov 4, 20258-K Results of operations61
  13. Jul 25, 2006New chief executive Robert W. Constien becomes CEO17
  14. May 19, 2006New chief executive Jeffrey Duane Sewell becomes CEO16
  15. May 19, 2006New chief executive Henry R. Thiemann becomes CEO15
  16. Apr 27, 2006New chief executive Kenneth A. Joyce becomes CEO14
  17. Feb 25, 1983Founded SB FINANCIAL GROUP, INC. is founded2

Calendar

Coming up

  1. Oct 22, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.68 a share, on Oct 30, 2025.62

When it reported results

  1. Jul 31, 2026Reported quarterly or annual results50
  2. Jul 31, 2026Reported quarterly or annual results51
  3. Feb 2, 2026Reported quarterly or annual results56
  4. Jan 30, 2026Reported quarterly or annual results57
  5. Nov 4, 2025Reported quarterly or annual results60
  6. Nov 4, 2025Reported quarterly or annual results61
  7. Jul 29, 2025Reported quarterly or annual results63
  8. Jul 28, 2025Reported quarterly or annual results64

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

239 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 74 major events, 116 insider forms, 24 large holders, 5 other. The latest 20:

  1. Sep 24, 20264 PRIMARY DOCUMENT EDGAR
  2. Aug 19, 2026SCHEDULE 13G/A EDGAR
  3. Aug 6, 202610-Q QUARTERLY REPORT EDGAR
  4. Jul 31, 2026SCHEDULE 13G/A EDGAR
  5. Jul 31, 20268-K CURRENT REPORT EDGAR
  6. Jul 31, 20268-K CURRENT REPORT EDGAR
  7. Jul 17, 20268-K CURRENT REPORT EDGAR
  8. Jun 17, 20264 PRIMARY DOCUMENT EDGAR
  9. Jun 15, 20264 PRIMARY DOCUMENT EDGAR
  10. May 7, 202610-Q QUARTERLY REPORT EDGAR
  11. Apr 30, 2026SCHEDULE 13G EDGAR
  12. Apr 23, 20268-K CURRENT REPORT EDGAR
  13. Apr 22, 20268-K CURRENT REPORT EDGAR
  14. Apr 22, 20268-K CURRENT REPORT EDGAR
  15. Mar 27, 2026SCHEDULE 13G/A EDGAR
  16. Mar 6, 2026DEF 14A DEFINITIVE PROXY STATEMENT EDGAR
  17. Mar 6, 202610-K ANNUAL REPORT EDGAR
  18. Mar 4, 20264 PRIMARY DOCUMENT EDGAR
  19. Feb 20, 20264 PRIMARY DOCUMENT EDGAR
  20. Feb 20, 20264 PRIMARY DOCUMENT EDGAR

The 239 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

32 open-market trades by officers, directors and large owners since October 2021: 19 buys and 13 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026HARDGROVE RICHARD LDirectorSale3,702$29.08$107.7KForm 4
Jun 15, 2026HARDGROVE RICHARD LDirectorSale650$23.00$14.9KForm 4
Mar 4, 2026Strausbaugh Sue AnnDirectorBuy48$20.68$993Form 4
Feb 4, 2026HARDGROVE RICHARD LDirectorSale977$22.15$21.6KForm 4
Jun 23, 2025CLAXTON TIMOTHY L.DirectorBuy2,000$17.64$35.3KForm 4
Jun 20, 2025KLEIN MARK ACHAIRMAN, PRESIDENT, CEOBuy100$17.55$1.8KForm 4
Mar 6, 2025Homoelle David A.EVP OF SUBSIDIARYBuy322$21.15$6.8KForm 4
Feb 26, 2025CARTER GEORGE WDirectorBuy134$21.08$2.8KForm 4
Feb 13, 2025Homoelle David A.EVP OF SUBSIDIARYSale937$23.43$22.0KForm 4
Dec 12, 2024HARDGROVE RICHARD LDirectorSale1,200$21.50$25.8KForm 4
Sep 5, 2024HARDGROVE RICHARD LDirectorSale1,692$16.75$28.3KForm 4
Aug 20, 2024HARDGROVE RICHARD LDirectorSale1,500$15.12$22.7KForm 4
Aug 16, 2024HARDGROVE RICHARD LDirectorSale2,859$15.46$44.2KForm 4
May 6, 2024HARDGROVE RICHARD LDirectorSale200$13.06$2.6KForm 4
Feb 29, 2024KLEIN MARK ACHAIRMAN, PRESIDENT, CEOBuy131$13.90$1.8KForm 4
Feb 21, 2024CARTER GEORGE WDirectorBuy350$14.75$5.2KForm 4
May 22, 2023STOLLY TIMOTHY J.DirectorBuy150$13.53$2.0KForm 4
May 16, 2023CLAXTON TIMOTHY L.DirectorBuy3,000$12.58$37.7KForm 4
May 12, 2023KLEIN MARK ACHAIRMAN, PRESIDENT, CEOBuy500$11.90$6.0KForm 4
May 9, 2023MARTIN WILLIAM GDirectorBuy500$12.68$6.3KForm 4

All 32 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025ChairmanPresident & CEO$505.8K$1.0M72
2025Executive VicePresident & Chief Financial Officer of$269.2K$530.4K72
2024of the Company and State Bank$482.7K$682.1K72
2024the Company and State Bank$258.1K$372.7K72
2024Innovation Officer of State Bank$242.6K$358.4K72

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 73. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Manufacturers Life Insurance Company, The467,892$11.8M0.0%−2,610
Cutler Capital Management, LLC387,852$9.8M3.0%−2,285
Vanguard Capital Management LLC253,928$6.4M0.0%−43,806
Strategic Value Bank Partners LLC243,628$6.2M4.3%−30,535
Ameriprise Financial Inc241,463$6.1M0.0%New
Dimensional Fund Advisors LP202,631$5.1M0.0%+4,859
BlackRock, Inc.158,817$4.0M0.0%−236,047
Pinnacle Holdings, LLC156,598$4.0M1.3%−312
Truffle Hound Capital, LLC90,373$2.3M1.4%New
Bridgeway Capital Management, LLC81,511$2.1M0.0%No change
Geode Capital Management, LLC71,130$1.8M0.0%−67,948
Goldman Sachs Group Inc58,053$1.5M0.0%−27,494
Marshall Wace, Llp57,913$1.5M0.0%New
Arrowstreet Capital, Limited Partnership48,869$1.2M0.0%+17,868
Gendell Jeffrey L46,286$1.2M0.0%No change
Empowered Funds, LLC46,021$1.2M0.0%No change
Renaissance Technologies LLC39,846$1.0M0.0%+12,021
Hsbc Holdings PLC38,138$927.5K0.0%+6,306
First Manhattan Co. Llc.35,627$900.3K0.0%No change
Vanguard Fiduciary Trust Co35,570$898.9K0.0%−1,944
PL Capital Advisors, LLC33,101$836.5K0.2%+3,101
Morgan Stanley29,488$745.2K0.0%+5,683
Barclays PLC27,374$691.7K0.0%−163
Petiole USA ltd26,437$668.1K0.5%−142,381
Citadel Advisors LLC25,775$651.3K0.0%+11,100

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How SB FINANCIAL GROUP, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSB FINANCIAL GROUP, INC.1
  • CIK0000767405
  • Employer ID (EIN)34-139560813
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company13
  • Incorporated inOhio13
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address401 Clinton St, Defiance, OH 435121
  • Mailing address401 Clinton Street, Po Box 467, Defiance, OH 435121
  • Phone41978389301
  • Shares outstanding6,252,992 as of Aug 6, 202612
  • Public float$121.5M as of Jun 30, 202513
  • AuditorForvis Mazars, LLP, Indianapolis, Indiana PCAOB ID 686; no auditor attestation of internal control over financial reporting13
  • On EDGAR sinceMar 29, 19951
  • Filings1,249 in all: 4 (524), 8-K (397), 10-Q (95), SC 13G/A (40), DEF 14A (32), 10-K (30), 3 (22), ARS (14)1
    All 38 form types

    SCHEDULE 13G/A (14), SC 13G (11), 4/A (9), 8-K/A (7), DEFA14A (6), PRE 14A (5), 425 (4), EFFECT (4), 5 (3), S-3 (3), S-8 (3), SCHEDULE 13G (3), 424B3 (2), 424B5 (2), CORRESP (2), FWP (2), UPLOAD (2), 10-K405 (1), 25-NSE (1), 8-A12B (1), CERTNAS (1), D (1), DEFR14A (1), NT 10-K (1), NT 10-Q (1), S-1 (1), S-1/A (1), S-3/A (1), S-4 (1), S-4/A (1)

  • Latest filingsAnnual report (10-K) Mar 6, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Mar 6, 2026
    Latest 8-K (8-K) Jul 31, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, No Par ValueSBFGNASDAQ

From the cover page of the 10-K filed Mar 6, 2026 (Section 12(b) of the Exchange Act).13

Risk factors and legal proceedings

The risks SB FINANCIAL GROUP, INC. names in Item 1A of its 10-K filed Mar 6, 2026: 36 risks under these headings, as written.13

  • Cautionary Statement Regarding Forward-Looking Information
  • Changes in economic and political conditions could adversely affect our earnings through declines in deposits, loan demand, the ability of our customers to repay loans and the value of collateral securing our loans.
  • Instability in global economic conditions and geopolitical matters, as well as volatility in financial markets, could have a material adverse effect on our results of operations and financial condition.
  • We may be unable to manage interest rate risks, which could reduce our net interest income.
  • If our actual credit losses exceed our allowance for credit losses, our net income will decrease.
  • Our success depends upon our ability to attract and retain key personnel.
  • We depend upon the accuracy and completeness of information about customers.
  • We may not be able to grow, and if we do, we may have difficulty managing that growth.
  • Acquisitions or other expansion may adversely impact our financial condition and results of operations.
  • We are exposed to a number of operational risks.
  • Recent and future bank failures may adversely affect the Company’s business, earnings and financial condition.
  • We could experience an unexpected inability to obtain needed liquidity which could adversely affect our business, profitability, and viability a going concern.
The other 24 risks
  • Our information systems may experience an interruption or security breach.
  • Unauthorized disclosure of sensitive or confidential client information, or breaches in security of our systems, could severely harm our business.
  • Our business could be adversely affected through third parties who perform significant operational services on our behalf.
  • Strong competition within our market area may reduce our ability to attract and retain deposits and originate loans.
  • We may be required to repurchase loans we have sold or indemnify loan purchasers under the terms of the sale agreements, which could adversely affect our liquidity, results of operations and financial statements.
  • We are subject to environmental liability risk associated with lending activities.
  • FDIC insurance premiums may increase materially, which could negatively affect our profitability.
  • We operate in a highly regulated industry, and the laws and regulations that govern our operations, corporate governance, executive compensation and financial accounting, or reporting, including changes in, or failure to comply with the same, may adversely affect the Company.
  • Legislative or regulatory changes or actions could adversely impact our business.
  • Changes in accounting standards could influence our results of operations.
  • Noncompliance with the Bank Secrecy Act (BSA) and other anti-money laundering statutes and regulations could cause a material financial loss.
  • We may be the subject of litigation, which could result in legal liability and damage to our business and reputation.
  • Our ability to pay cash dividends is limited, and we may be unable to pay cash dividends in the future.
  • A limited trading market exists for our common shares, which could lead to price volatility.
  • The market price of our common shares may be subject to fluctuations and volatility.
  • Investors could become subject to regulatory restrictions upon ownership of our common shares.
  • We have implemented anti-takeover devices that could make it more difficult for another company to purchase us, even though such a purchase may increase shareholder value.
  • We may be compelled to seek additional capital in the future, but capital may not be available when needed.
  • Our earnings are significantly affected by the fiscal and monetary policies of the federal government and its agencies.
  • Changes in tax laws could adversely affect our performance.
  • The preparation of our financial statements requires the use of estimates that may vary from actual results.
  • We may experience increasing scrutiny and evolving expectations from customers, regulators, investors, and other stakeholders with respect to the Company’s environmental, social and governance (“ESG”) practices.
  • We need to constantly update our technology in order to compete and meet customer demands.
  • Climate change, severe weather, natural disasters, acts of war or terrorism and other external events could significantly impact our business.

Legal proceedings

In the ordinary course of our business, the Company and its subsidiaries are parties to various legal actions, which we believe are incidental to the operation of our business. Although the ultimate outcome and amount of liability, if any, with respect to these legal actions cannot presently be ascertained with certainty, in the opinion of management, based upon information currently available to us, any resulting liability is not likely to have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows.

The opening of Item 3, Legal Proceedings.13

Sources

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  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72