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 6,275,958 common shares outstanding
as of December 31, 2025, which were held by approximately 1,092 record holders.
The
Company paid quarterly dividends on its common shares in the aggregate amounts of $0.60 per share and $0.56 per share in 2025 and 2024,
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.
The
ability of the Company to obtain funds for the payment of dividends and for other cash requirements is largely dependent on the amount
of dividends that may be declared by State Bank and the Company’s other subsidiaries. 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.
Performance
Graph
The
following Performance Graph and related information shall not be deemed to be “soliciting material” or to be “filed”
with the SEC, nor shall such information be deemed to be incorporated by reference into any future filing under the Securities Act or
the Exchange Act, except to the extent that the Company specifically incorporates this Performance Graph by reference into such filing.
The
following performance graph compares the five-year total shareholder return of the Company’s common shares, based on an initial
investment on December 31, 2020, and assuming reinvestment of dividends, against two indices – the NASDAQ Composite Index and the
KBW NASDAQ Bank Index.
29
Period Ending
Index
12/31/20
12/31/21
12/31/22
12/31/23
12/31/24
12/31/25
SB Financial Group, Inc.
100.00
110.21
102.44
96.35
136.00
148.96
NASDAQ Composite Index
100.00
122.18
82.43
119.22
154.48
187.14
KBW NASDAQ Bank Index
100.00
138.33
108.73
107.76
147.85
196.00
Source: S&P Global Market Intelligence
© 2026
Issuer
Purchases of Equity Securities
The
table below reflects the common shares repurchased by the Company during the three months ended December 31, 2025. As of December 31,
2025, the Company had 199,050 shares remaining of the 500,000 approved under the Company’s existing share repurchase program which
was authorized by the Company’s Board of Directors on December 18, 2024, and expires December 31, 2026.
(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
10/01/25 - 10/31/25
14,083
$ 19.10
14,083
216,486
11/01/25 - 11/30/25
5,085
20.54
5,085
211,401
12/01/25 - 12/31/25
12,351
22.34
12,351
199,050
Total
31,519
$ 20.60
31,519
199,050
30
Item 6. [Reserved].