Form 8-K - Current report
July 19 2024 - 2:31PM
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported) July 19, 2024 (July
19, 2024)
SB FINANCIAL GROUP, INC
(Exact
name of registrant as specified in its charter)
Ohio |
|
0-13507 |
|
34-1395608 |
(State or other jurisdiction
of incorporation) |
|
(Commission File
Number) |
|
(IRS
Employer
Identification
No.) |
401 Clinton Street, Defiance, OH |
|
43512 |
(Address of principal executive
offices) |
|
(Zip Code) |
Registrant’s
telephone number, including area code (419) 783-8950
Not
Applicable
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading symbol(s) |
|
Name of each exchange on which registered |
Common Shares, No Par Value 6,740,592 Outstanding at July 19, 2024 |
|
SBFG |
|
The NASDAQ Stock Market,
LLC (NASDAQ Capital Market) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
7.01. Regulation FD Disclosure.
On
July 19, 2024, SB Financial Group, Inc. (the “Company”) issued a press release announcing that its Board of Directors has
declared a quarterly shareholder dividend of $0.14 per share. The dividend is payable on August 23, 2024 to all common shareholders of
record as of August 9, 2024.
The
information on this item 7.01, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed to be “filed”
for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities
of that Section, nor shall such information be deemed to be incorporated by reference in any registration statement or other document
filed under the Securities Act of 1933 (the “Securities Act”) or the Exchange Act, except as otherwise stated in such filing.
Item
9.01. Financial Statements and Exhibits.
(a)
Not Applicable
(b)
Not Applicable
(c)
Not Applicable
(d)
Exhibits
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
SB FINANCIAL GROUP, INC. |
|
|
Dated: July 19, 2024 |
By: |
/s/ Anthony
V. Cosentino |
|
|
Anthony V. Cosentino
Chief Financial Officer |
INDEX
TO EXHIBITS
Current
Report on Form 8-K
Dated
July 19, 2024
SB
Financial Group, Inc.
3
Exhibit 99.1
![](https://www.sec.gov/Archives/edgar/data/767405/000121390024062903/ex99-1_001.jpg)
SB Financial Group Declares Quarterly Cash Dividend
on Common Stock of $0.14 Cents
Defiance, OH, July 19, 2024 – SB Financial Group, Inc. (NASDAQ:
SBFG) (“SB Financial”) announced that its board of directors passed a resolution declaring a quarterly cash dividend of $0.14
per common share, payable on August 23, 2024, to shareholders of record as of August 9, 2024.
“We are quite pleased to return to our shareholders a
common dividend of $0.14 a share representing a 8 percent compared to the prior year of $0.13 and collectively,
for the last four quarters, $0.55 per share vs. $0.51 per share or 8 percent over the previous four quarters, and represents a 4.1%
yield.” said Mark Klein, Chairman, President and CEO of SB Financial.
About SB Financial Group
Headquartered in Defiance, Ohio, SB Financial is a diversified financial
services holding company for the State Bank & Trust Company (State Bank) and SBFG Title, LLC dba Peak Title (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, operating through a total of 23 offices: 22 in nine Ohio counties and one in
Fort Wayne, Indiana, and 23 ATMs. State Bank has six loan production offices located throughout the Tri-State region of Ohio, Indiana
and Michigan. Peak Title provides title insurance and title opinions throughout the Tri-State region. SB Financial’s common stock
is listed on the NASDAQ Capital Market with the ticker symbol “SBFG”.
Forward-Looking Statements
Certain statements within this document, which are not statements of
historical fact, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve risks and uncertainties and actual results may differ materially from those predicted by the forward-looking statements.
These risks and uncertainties include, but are not limited to, risks and uncertainties inherent in the national and regional banking industry,
changes in economic conditions in the market areas in which SB Financial and its subsidiaries operate, changes in policies by regulatory
agencies, changes in accounting standards and policies, changes in tax laws, fluctuations in interest rates, demand for loans in the market
areas in SB Financial and its subsidiaries operate, increases in FDIC insurance premiums, changes in the competitive environment, losses
of significant customers, geopolitical events, the loss of key personnel and other risks identified in SB Financial’s Annual Report
on Form 10-K and documents subsequently filed by SB Financial with the Securities and Exchange Commission. Forward-looking statements
speak only as of the date on which they are made, and SB Financial undertakes no obligation to update any forward-looking statement to
reflect events or circumstances after the date on which the statement is made, except as required by law. All subsequent written and oral
forward-looking statements attributable to SB Financial or any person acting on its behalf are qualified by these cautionary statements.
Investor Contact Information:
Mark A. Klein
Chairman, President and CEO
Mark.Klein@YourStateBank.com
Anthony V. Cosentino
Executive Vice President
Chief Financial Officer
Tony.Cosentino@YourStateBank.com
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