What changed in this filing

/stocks — the workspaceLOADING

Item 5. Market for Registrant’s Common Equity

2023-03-07 compared with 2022-03-07 · 26 added, 21 removed, 13 unchanged (78% of the section changed)

Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities .

Market Information

Our common shares are traded on the NASDAQ Capital Market under the symbol “SBFG”.

There were 6,884,330 common shares outstanding as of December 31, 2021, which were held by approximately 1,203 record holders.

The Company paid quarterly dividends on its common shares in the aggregate amounts of $0.44 per share and $0.40 per share in 2021 and 2020, respectively.

common shares are traded on the NASDAQ Capital Market under the symbol “SBFG”.

There were 6,935,462 common shares outstanding

as of December 31, 2022, which were held by approximately 1,167 record holders.

Company paid quarterly dividends on its common shares in the aggregate amounts of $0.48 per share and $0.44 per share in 2022 and 2021,

respectively.

The Company presently anticipates continuing to pay quarterly dividends in the future at similar levels.

However, there is no guarantee that dividends on our common shares will continue in the future.

Payment of dividends by State Bank may be restricted at any time at the discretion of the regulatory authorities, if they deem such dividends to constitute an unsafe and/or unsound banking practice.

These provisions could have the effect of limiting the Company’s ability to pay dividends on its outstanding shares.

Moreover, the Federal Reserve Board expects the Company to serve as a source of strength to its subsidiary banks, which may require it to retain capital for further investment in State Bank, rather than for dividends to shareholders of the Company.

The Company’s ability to pay dividends on its shares is also conditioned upon the payment, on a current basis, of quarterly interest payments on the subordinated debentures underlying the Company’s trust preferred securities.

In addition, under the terms of the Company’s fixed-to-floating rate subordinated debt, the Company’s ability to pay dividends on its shares is conditioned upon the Company continuing to make required principal and interest payments, and not incurring an event of default, with respect to the subordinated debt.

However, there

is no guarantee that dividends on our common shares will continue in the future.

of dividends by State Bank may be restricted at any time at the discretion of the regulatory authorities, if they deem such dividends

to constitute an unsafe and/or unsound banking practice.

These provisions could have the effect of limiting the Company’s ability

to pay dividends on its outstanding shares.

Moreover, the Federal Reserve Board expects the Company to serve as a source of strength

to its subsidiary banks, which may require it to retain capital for further investment in State Bank, rather than for dividends to shareholders

of the Company.

The Company’s ability to pay dividends on its shares is also conditioned upon the payment, on a current basis,

of quarterly interest payments on the subordinated debentures underlying the Company’s trust preferred securities.

under the terms of the Company’s fixed-to-floating rate subordinated debt, the Company’s ability to pay dividends on its

shares is conditioned upon the Company continuing to make required principal and interest payments, and not incurring an event of default,

with respect to the subordinated debt.

Period Ending

2 unchanged sentences

KBW NASDAQ Bank Index

The table below reflects the common shares repurchased by the Company during the three months ended December 31, 2021.

As of December 31, 2021, the Company had 495,639 shares remaining of the 750,000 approved under the Company’s existing share repurchase program which was authorized on May 25, 2021 and expires May 31, 2022.

Market Intelligence

table below reflects the common shares repurchased by the Company during the three months ended December 31, 2022.

As of December 31,

2022, the Company had 480,682 shares remaining of the 500,000 approved under the Company’s existing share repurchase program which

was authorized on December 21, 2022 and expires December 31, 2024.

Total Number of

2 unchanged sentences

Price Paid per

Total Number of

Shares Purchased

as Part of Publicly

Announced Plans

Maximum Number

of Shares that May

Yet be Purchased

Under the Plans or

Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs

Maximum Number of Shares that May Yet be Purchased Under the Plans or Programs

10/01/22 - 10/31/22

2 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity