SB Financial Group (SBFG) Q4 FY2019 earnings: revenue $15 million, up 16.0% on the year
SB Financial Group, Inc. (SBFG) reported revenue of $15 million for Q4 FY2019, the quarter ended 31 December 2019, up 16.0% on the same quarter a year earlier. Net income was $3 million, up 13.4% on the year, and diluted earnings per share $0.42. The figures are the company's own, from the 10-K it filed with the SEC on 6 March 2020.
Revenue$15 millionup 16.0%
Net income$3 millionup 13.4%
Diluted EPS$0.42
QuarterQ4 FY2019ended 31 December 2019
The quarter, against the one before and a year earlier
| Line | Q4 FY2019 | Quarter before | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue | 14.6 | n/a | n/a | n/a |
| Interest expense | 2.6 | n/a | n/a | n/a |
| Pre-tax income | 4.1 | n/a | n/a | n/a |
| Income tax | 0.7 | n/a | n/a | n/a |
| Effective tax rate | 17.7% | n/a | n/a | |
| Net income | 3.4 | n/a | n/a | n/a |
| Net margin | 23.1% | n/a | n/a | |
| Diluted EPS | $0.42 | n/a | n/a | n/a |
$ million except per share.
Read more
Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.Cash flow and capital returned
| Line | Q4 FY2019 | Quarter before | A year earlier | Change on the year |
|---|---|---|---|---|
| Operating cash flow | 15.2 | n/a | n/a | n/a |
| Cash from investing | -27.1 | n/a | n/a | n/a |
| Cash from financing | -10.8 | n/a | n/a | n/a |
| Depreciation and amortisation | 0.5 | n/a | n/a | n/a |
| Share-based compensation | 0.1 | n/a | n/a | n/a |
| Buybacks | 0.7 | n/a | n/a | n/a |
| Dividends paid | 0.6 | n/a | n/a | n/a |
| Diluted shares, weighted | 8m | n/a | n/a | n/a |
| Shares outstanding at period end | 8m | n/a | n/a | n/a |
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet at quarter end
| Line | Q4 FY2019 | Quarter before | A year earlier | Change on the year |
|---|---|---|---|---|
| Shareholders' equity | 136 | n/a | n/a | n/a |
| Deposits | 840 | n/a | n/a | n/a |
| Repurchase agreements | 12.9 | n/a | n/a | n/a |
| Short-term borrowings | 12.9 | n/a | n/a | n/a |
| Other liabilities | 36.4 | n/a | n/a | n/a |
| Total liabilities and equity | 1,039 | n/a | n/a | n/a |
| Fixed assets | 23.4 | n/a | n/a | n/a |
| Goodwill | 17.8 | n/a | n/a | n/a |
| Cash and equivalents | 27.1 | n/a | n/a | n/a |
| Other assets | 970 | n/a | n/a | n/a |
| Total assets | 1,039 | n/a | n/a | n/a |
Questions
What was SB Financial Group's revenue in Q4 FY2019?
SB Financial Group (SBFG) reported revenue of $15 million for Q4 FY2019, the quarter ended 31 December 2019, up 16.0% on the same quarter a year earlier.
How much did SB Financial Group earn in Q4 FY2019?
Net income for Q4 FY2019 was $3 million, up 13.4% on the year, and diluted earnings per share $0.42.
When did SB Financial Group report Q4 FY2019 results?
SB Financial Group filed its 10-K for the year that ended with the quarter on 6 March 2020; the fourth quarter is the year less the first three.
Quarterly results, the last 20 quarters
| Q4 FY2019 * | Q1 FY2020 † | Q2 FY2020 | Q3 FY2020 | Q4 FY2020 * | Q1 FY2021 | Q2 FY2022 | Q3 FY2022 | Q2 FY2023 | Q3 FY2023 | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 * | Q1 FY2025 | Q2 FY2025 † | Q3 FY2025 | Q4 FY2025 * | Q1 FY2026 | Q2 FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14.6 | 11.0 | 17.5 | 19.7 | n/a | 20.5 | 14.3 | 14.5 | 14.2 | 13.7 | 13.1 | 14.0 | 14.3 | 15.5 | 15.4 | 17.2 | 16.6 | 16.4 | 17.4 | 17.9 |
| Interest expense | 2.6 | 2.1 | 1.7 | 1.5 | n/a | 1.1 | 0.9 | 1.3 | 4.6 | 5.3 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Pre-tax income | 4.1 | 0.7 | 4.5 | 6.5 | n/a | 8.9 | 3.5 | 4.1 | 3.7 | 3.2 | 2.8 | 3.4 | 3.1 | 4.5 | 2.6 | 4.7 | 5.0 | 5.0 | 5.3 | 5.5 |
| Tax rate | 18% | 3% | 19% | 20% | n/a | 20% | 18% | 18% | 17% | 17% | 17% | 8% | 24% | 20% | 17% | 19% | 18% | 21% | 19% | 18% |
| Net income | 3.4 | 0.7 | 3.7 | 5.2 | n/a | 7.1 | 2.8 | 3.3 | 3.1 | 2.7 | 2.4 | 3.1 | 2.4 | 3.6 | 2.2 | 3.9 | 4.0 | 3.9 | 4.3 | 4.5 |
| Net margin | 23% | 6% | 21% | 27% | n/a | 34% | 20% | 23% | 22% | 20% | 18% | 22% | 16% | 24% | 14% | 22% | 24% | 24% | 25% | 25% |
| Diluted EPS | $0.42 | $0.09 | $0.47 | $0.69 | n/a | $0.97 | $0.40 | $0.47 | $0.44 | $0.39 | $0.35 | $0.47 | $0.35 | $0.55 | $0.33 | $0.60 | $0.64 | $0.63 | $0.69 | $0.72 |
| Operating cash flow | 15.2 | -4.6 | 4.3 | 5.7 | n/a | -0.9 | 5.2 | 9.1 | 3.2 | 8.1 | 0.3 | -0.4 | 3.6 | 6.0 | 6.7 | -3.6 | 12.7 | 8.3 | -3.0 | 6.8 |
| Capital expenditure | n/a | 0.7 | n/a | 1.0 | n/a | 0.2 | 0.6 | 0.3 | 0.2 | 0.3 | 0.2 | 0.4 | 0.4 | 0.3 | 0.9 | 0.5 | 0.5 | 0.7 | 0.2 | 0.4 |
| Free cash flow | n/a | -5.3 | n/a | 4.7 | n/a | -1.0 | 4.5 | 8.9 | 3.1 | 7.9 | 0.1 | -0.8 | 3.2 | 5.7 | 5.8 | -4.2 | 12.2 | 7.6 | -3.2 | 6.5 |
| Buybacks | 0.7 | 1.8 | 1.3 | 1.0 | n/a | 2.7 | 1.7 | 1.3 | 1.2 | 0.6 | 0.5 | 0.4 | 1.1 | 2.7 | 0.7 | 2.3 | 2.0 | 0.6 | 0.7 | 0.6 |
| Dividends paid | 0.6 | 0.7 | 0.8 | 0.8 | n/a | 0.8 | 0.9 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 1.0 | 0.9 | 1.0 | 0.9 | 1.0 | 1.0 | 1.0 |
| Shares outstanding | 8m | 8m | 8m | 8m | 7m | 7m | 7m | 345,000 | 7m | 7m | 7m | 6m | 7m | 7m | 7m | 6m | 6m | 6m | 6m | 6m |
| Filing | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Each quarter as filed, linked to its filing.
Read more
* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A fourth quarter left blank is one the arithmetic cannot give yet: the annual report changed the basis of the year (a business sold or spun off, a line regrouped), so the year less the three quarters as first filed would not be a quarter of anything. It fills in once the three quarters have been refiled on the new basis. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.10-K for the period ended 31 December 2019, filed 6 March 2020: the filing.