Item 5. Market for Registrant’s Common Equity
Item 5. 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 6,935,462 common shares outstanding
as of December 31, 2022, which were held by approximately 1,167 record holders.
The
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.
31
Period Ending
Index
12/31/17
12/31/18
12/31/19
12/31/20
12/31/21
12/31/22
SB Financial Group, Inc.
100.00
90.50
110.59
105.35
116.11
107.93
NASDAQ Composite Index
100.00
97.16
132.81
192.47
235.15
158.65
KBW NASDAQ Bank Index
100.00
82.29
112.01
100.46
138.97
109.23
Source: S&P Global
Market Intelligence
©2023
32
The
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.
(a)
(b)
(c)
(d)
Period
Total Number of
Shares Purchased
Weighted Average
Price Paid per
Share
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
2,814
$ 17.05
2,814
492,825
11/01/22 - 11/30/22
4,440
16.83
4,440
488,385
12/01/22 - 12/31/22
7,703
16.70
7,703
480,682
Totals
14,957
$ 16.80
14,957
480,682
Item
6. [Reserved] .