SB Financial Group Inc Q3 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Brian Martin - Janney Montgomery Scott LLC - Analyst : Just thought maybe you could talk a little bit about the loan pipelines. These kind of how you're seeing those just given kind of the current market conditions? And then just how your markets are performing? So--

Question: Brian Martin - Janney Montgomery Scott LLC - Analyst : Okay. And as far as just kind of your outlook, whether it be fourth quarter or just kind of next several quarters, I mean, what type of growth rate appears a near term bogey as far as what you might be able to see?

Question: Brian Martin - Janney Montgomery Scott LLC - Analyst : Sure. Okay. No, I appreciate it. Thanks. And then how about just I think you touched a little bit on the mortgage production maybe being a little bit lower here over the next couple of quarters, just big picture? As we think about full year '24, can you give any thoughts or just how you're thinking about where that may shake out as far as what you're based on kind of extrapolating current trends, what you're seeing today? (multiple speakers) both on -- both volume and your -- like you had the benefit this quarter showing you have more production. So just kind of what you're thinking on both fronts.

Question: Brian Martin - Janney Montgomery Scott LLC - Analyst : Got you. That's helpful. And how about just flipping over to the margin for a minute. I think, Tony, you said -- you kind of indicated that it might reach a bottom here in 4Q and maybe see some stabilization or improvement next year. I guess just the -- sounds like the funding cost pressures beginning to abate. Just kind of wondering how you're thinking about the benefits on the opposite side with asset repricing, maybe just how much in the way of loans reprice? And what trends you're seeing there to give you some stability and/or expansion next year?

Question: Brian Martin - Janney Montgomery Scott LLC - Analyst : Got you. And just the new production, what yields -- I guess you're kind of getting new production at? And just do you have any sense for I can follow-up just on what repricing occurs maybe over the next 12 months or if you have six months, what -- if you think about that loan book?

Question: Brian Martin - Janney Montgomery Scott LLC - Analyst : Got you. Okay. And then just the total repricing, how much repricing do you have here in the short term or in longer term? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 31, 2023 / 3:00PM, SBFG.OQ - Q3 2023 SB Financial Group Inc Earnings Call

Question: Brian Martin - Janney Montgomery Scott LLC - Analyst : Got you. Okay. And then last one for me. Just on credit, just -- sounds like things are still remaining very strong. I mean, anything that I guess you're seeing as you come through this quarter? It sounds like the trends in criticized and classified were pretty stable. So leading indicators [or at least other criticize] are continue remain strong. Just anything that you're more mindful of or you're seeing any stress in within -- in certain areas of the portfolio.

Question: Brian Martin - Janney Montgomery Scott LLC - Analyst : Okay. I think that's all my questions. So thank you for taking the question, guys, I appreciate it.