SB Finl Gr Q2 Adj $0.46 Beats $0.35 Estimate, Sales $14.04M Beat $9.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
SB Financial Group (NASDAQ:SBFG) reported Q2 earnings of $0.46 per share, beating the $0.35 estimate by 31.43%. Sales were $14.04M, surpassing the $9.40M estimate by 49.41%. Earnings increased by 2.22% YoY, while sales decreased by 1.02% YoY.
July 18, 2024 | 8:20 pm
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POSITIVE IMPACT
SB Financial Group reported strong Q2 earnings and sales, significantly beating analyst estimates. Earnings per share were $0.46, 31.43% above the $0.35 estimate, and sales were $14.04M, 49.41% above the $9.40M estimate. This positive performance is likely to boost investor confidence in the short term.
The significant beats on both earnings and sales estimates indicate strong financial performance, which is likely to positively impact the stock price in the short term. The slight YoY decrease in sales is overshadowed by the substantial beats on estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100