SB Financial Group (SBFG): An Insight into Executive Compensation

SB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company based in Defiance, Ohio, continues to demonstrate its strategic leadership through rewarding compensation packages for its executives. Despite the fluctuating economic climate, SB Financial has consistently prioritized compensating its key personnel to drive growth in its community banking, mortgage banking, wealth management, private client, and title insurance services.


In 2024, the Executive Vice President and Chief Technology Innovation Officer of SB Financial received a total compensation of $358,100. This package comprised a base salary of $242,613, incentive plan compensation of $54,624, stock awards valued at $21,556, and additional compensation of $14,307. Notably, no bonuses or option awards were included in the package[^1^].

In comparison, the previous year (2023) saw the Chairman, President, and CEO of the company receiving a substantial total compensation of $645,247, which was higher than the 2024 package for the Executive Vice President. This sum was made up of a $466,864 salary, $53,278 in incentive plan compensation, and stock awards amounting to $53,980, plus additional compensation valued at $54,729[^2^]. This highlights SB Financial's commitment to recognizing and rewarding top leadership, especially amidst varying operational challenges.

For 2021, historical data indicates that the Executive Vice President and Chief Financial Officer received total compensation packages of $423,434 and $411,571 in two separate calculations. Key components included a salary of $223,910, stock awards around $60,000 and $54,840 respectively, and incentive plan compensation of approximately $71,291[^3^][^4^].

It's clear that SB Financial strategically uses its compensation policies to attract and retain top talent to manage the company’s financial operations effectively. This approach appears to dovetail with the company’s performance announcements; SB Financial beat earnings expectations by reporting a Q1 2025 earnings per share of $0.42 against the Zacks Consensus Estimate of $0.40[^5^]. This success underscores the effectiveness of the leadership's strategic decisions, possibly influenced by incentive-driven management.

As SB Financial Group continues to navigate the complexities of the financial services industry, the alignment of executive performance with company objectives remains an essential component of its competitive advantage. The company announced its Q1 2025 results, revealing that its robust financial standing is supported by an effective strategy of rewarding its executives[^6^].

In summary, SB Financial Group, Inc. illustrates how comprehensive compensation strategies can drive company performance and maintain executive focus, contributing to its sustained growth and shareholder value. This proactive compensation approach aligns with its current stock price stability, observed at $19.40, a reflection of investor confidence in the firm’s strategic direction and management team[^7^].

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[^1^]: SEC Filing - [2024 Executive Compensation](https://www.sec.gov/Archives/edgar/data/767405/000121390025021701/0001213900-25-021701-index.htm)

[^2^]: SEC Filing - [2023 Executive Compensation](https://www.sec.gov/Archives/edgar/data/767405/000121390024021032/0001213900-24-021032-index.htm)

[^3^]: SEC Filing - [2021 Executive Compensation](https://www.sec.gov/Archives/edgar/data/767405/000121390023018270/0001213900-23-018270-index.htm)

[^4^]: SEC Filing - [2021 Executive Compensation](https://www.sec.gov/Archives/edgar/data/767405/000121390022010917/0001213900-22-010917-index.htm)

[^5^]: Zacks - [SBFG Q1 2025 Earnings and Revenues Top Estimates](https://www.zacks.com/stock/news/2460695/sb-financial-group-inc-sbfg-q1-earnings-and-revenues-top-estimates?cid=CS-STOCKNEWSAPI-FT-tale_of_the_tape|yseop_template_4-2460695)

[^6^]: GlobeNewswire - [SB Financial Q1 2025 Results](https://www.globenewswire.com/news-release/2025/05/01/3072851/0/en/SB-Financial-Group-Announces-First-Quarter-2025-Results.html)

[^7^]: NASDAQ - [SB Financial Stock Snapshot](https://www.zacks.com/stock/quote/SBFG)