SB Financial Group (SBFG) Cash Flow: Operating & Free Cash Flow

SB Financial Group (SBFG) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), SB Financial Group generated $24.04M of operating cash flow and spent $2.60M on capital expenditures. That left free cash flow of $21.44M, up 160.7% from $8.22M a year earlier, or 33.2% of revenue. It returned $9.54M to shareholders through $3.85M in dividends and $5.69M in share buybacks.

SB Financial Group Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for SB Financial Group, Inc. (SBFG) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	13.97	11.47	12.10	12.52	18.28	14.94	11.97	11.64	11.07
Depreciation & Amortization	4.22	3.55	3.57	2.27	6.22	6.75	4.01	2.93	2.71
Deferred Income Tax	-0.11	2.02	1.88	2.71	2.30	-2.44	-0.28	0.32	-0.79
Stock Based Compensation	0.54	0.64	0.58	0.57	0.44	0.38	0.42	0.28	0.30
Change in Working Capital	0.84	-2.30	-1.41	2.68	-3.86	0.72	6.68	1.33	-1.11
Change in Accounts Receivable	-0.58	-0.25	-0.57	-1.17	0.88	-0.69	-0.28	-1.00	-0.31
Change in Accounts Payable	-3.60	0.61	-4.72	5.87	-6.74	6.62	10.65	2.89	0.97
Change in Other Working Capital	7.70	-2.66	3.88	-2.01	12.44	-5.21	-3.68	-0.56	-1.76
Other Operating Activities	7.70	-5.93	-2.71	4.08	12.44	3.56	-3.98	-2.65	-2.38
Net Cash from Operating Activities	24.04	9.45	13.99	25.57	17.26	23.91	18.83	13.85	9.80
Investing Activities
Capital Expenditures	-2.60	-1.23	-0.96	-1.90	-2.43	-1.98	-2.04	-2.00	-3.71
Acquisitions	-3.01	0.00	0.00	0.00	-1.10	16.26	-2.60	0.00	0.00
Purchases of Investments	-1.05	-2.89	-1.81	-50.62	-170.69	-129.80	-38.46	-29.28	-29.85
Sales/Maturities of Investments	53.83	18.79	22.17	35.88	50.47	84.02	29.90	20.23	36.50
Other Investing Activities	-114.45	-43.62	-36.79	-149.04	51.76	-25.72	-54.42	-76.53	-52.47
Net Cash from Investing Activities	-68.09	-28.95	-17.39	-165.67	-71.99	-57.22	-67.61	-87.59	-49.53
Financing Activities
Debt Repayment	-1.00	-48.60	23.60	-177.50	-2.50	-8.00	0.00	-2.50	-8.00
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	0.00	0.14	27.91	0.00
Common Stock Repurchased	-5.69	-4.77	-3.47	-5.90	-9.52	-7.17	-5.05	-0.11	-1.79
Dividends Paid	-3.85	-3.77	-3.58	-3.42	-3.14	-3.07	-3.28	-3.07	-2.34
Other Financing Activities	100.20	79.60	-18.00	-26.78	19.55	165.17	35.68	73.25	61.45
Net Cash from Financing Activities	89.66	22.46	-1.45	18.41	63.55	146.94	27.49	95.48	49.33
Summary
Net Change in Cash	45.62	2.96	-4.85	-121.69	8.82	113.63	-21.30	21.75	9.60
Cash at Beginning of Period	25.93	22.97	27.82	149.51	140.69	27.06	48.36	26.62	17.01
Cash at End of Period	71.54	25.93	22.97	27.82	149.51	140.69	27.06	48.36	26.62
Free Cash Flow	21.44	8.22	13.03	23.67	14.83	21.93	16.79	11.85	6.09
Supplemental Disclosures
Interest Paid	-	24.52	17.21	4.70	4.34	-	-	-	-
Income Taxes Paid	-	0.42	-	-	4.23	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About SB Financial Group Cash Flow

What is SB Financial Group's free cash flow?

SB Financial Group generated free cash flow of $21.44M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $24.04M minus $2.60M of capital expenditures. That was up 160.7% from $8.22M a year earlier. Free cash flow equaled 33.2% of revenue.

How much does SB Financial Group spend on capital expenditures?

SB Financial Group spent $2.60M on capital expenditures in fiscal 2025, compared with $1.23M a year earlier. That equals 10.8% of operating cash flow.

Does SB Financial Group pay dividends or buy back shares?

Yes. In fiscal 2025 SB Financial Group returned $3.85M in dividends and $5.69M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition