SB FINANCIAL GROUP Business Summary

SB Financial Group, Inc. (SBFG) operates as a diversified financial services holding company, primarily generating revenue through its subsidiary, State Bank and Trust Company, via net interest income from a $1.5 billion asset base and non-interest income from mortgage banking, wealth management, and title insurance. The company’s business model is structured across four primary segments: Full-Service Banking, Mortgage Banking, Wealth Management, and Title Insurance (operating as Peak Title). SBFG distinguishes itself in the Midwest market—specifically Northwest Ohio, Northeast Indiana, and Southeast Michigan—by maintaining a high-velocity mortgage origination pipeline and a strategic focus on agricultural and commercial lending. Its primary regional competitors include Farmers & Merchants Bancorp, Inc. (FMAO), Premier Financial Corp. (PFC), and Civista Bancshares, Inc. (CIVB). Within this landscape, SBFG positions itself as a high-performance community bank that leverages strategic M&A, such as the 2025 acquisition of The Marblehead Bank, to scale its deposit base and fee-income streams. The leadership team is anchored by Mark A. Klein, who serves as Chairman, President, and CEO, bringing over 30 years of banking experience, including a senior pedigree from Sky Bank, to a tenure that has achieved 60 consecutive quarters of profitability as of early 2026. Key executive leadership includes Anthony V. Cosentino, EVP and Chief Financial Officer, who directs capital allocation and fiscal strategy, and Steven A. Walz, EVP and Chief Lending Officer, who manages the firm's expanding credit portfolio. The board of directors is composed of seasoned regional experts, including Lead Independent Director Richard L. Hardgrove and George W. Carter. SBFG is characterized by a strong institutional ownership profile, with major positions held by BlackRock and Vanguard, complemented by a significant 10.6% insider ownership stake that aligns executive incentives with the bank’s long-term growth and community-centric mission.