SBFG - Earnings call transcript Q3 2019 | SB Financial Group, Inc.

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Operator

Good morning and welcome to the SB Financial third quarter 2019 earnings conference call. All participants will be in listen-only mode. [Operator Instructions]. After today's presentation, there will an opportunity to ask questions. [Operator Instructions]. is event this note, being recorded. Please

now Carol Robbins. would like to to over conference the Please turn I go ahead.

Carol Robbins

Good being the like conference archived morning to remind Relations. under our on you would everyone. website that and at available call broadcast and Internet is over live will be Investor I www.yoursbfinancial.com, this

Chief and Jon Gathman, me Mark Chairman, Klein, Officer Joining President and Lending Financial Officer. today are CEO, Tony Cosentino, Senior

operational statements forward-looking regarding Financial's results contain and plans, objectives. may call This performance, SB anticipated

are and actual expectations to management's materially on based are uncertainties on cause statements of number could from implied and results subject risks call or Forward-looking a differ today. our those that expressed to

are identified the by SB call. Financial encouraged forward-looking We number update factors different undertakes statements no a obligation end within forward-looking required earnings at our of as to statements except the date this you to have of any law review. of which the after release,

the will to addition financial with in certain accordance measures. contain In financial also this presented call results GAAP, non-GAAP

will to turn Mr. Klein. the I call over now

Mark Klein

and and good call our quarter to third morning Welcome everyone. conference Carol XXXX webcast. you Thank

the Our increase To highlights the $XXX,XXX over the comments release include our adjusted income XX% was by net million, $X.X for million quarter up $X.X income first over XX% recap, the the XXXX, net million of OMSR year. full or the prior And year, or excluding the $X.X for quarter. last of impairment taken filed a today up half in supplemented prior $X million, we are evening. earnings year

X.XX%, core to achieved total XX for XX% earnings basis diluted an year assets company, representing expanded of maintain $X.XX to record now a results up a million, average to from a $XX earnings the produced production. and per our balances grew our volume increased We Consider assets deposit $X.X metrics. of on growing for billion, $XXX million for quarter. loan $XXX all-time return $X.XX balances $X.X record robust million for strong origination improvement, share new of $XXX new points, set continued asset our million mortgage to our delivered quality to quarterly a million million, We and ago

continue more we products quality. quarter, a quest and excellence M&A, diversity of As in through revenue, potentially performance more among our intimacy initiatives base, and high for existing our and that prior communications services in organic the drive growth are and growth strong with five client to for and our key company client operations with lastly, asset have of discussed the our foundation scale and well-built

diversity million for the of revenue XX%. discuss briefly. income revenue Net Let's interest the or of our provided of $XX.X sheet $X.X balance bulk million

Our XXX was from dollar achieved clearly XX% million over fee-based we The XX% and in from residential prior originations the volume engine million clients. as engaged $XXX up this linked with $XX from record million. fully nearly quarter quarter of was volume year mortgage quarter, $XX the of

will $XXX million We this in total million XXXX. in our and originated production are year achieve we $XXX confident that have now first we year

for the XX.X% fee year-to-date increase XX.X% full exclusion revenue the impairment The third year. servicing to to was for Non-interest revenue XX.X%. percentage of would our quarter first income the to total XXXX of from and half rights the

and to title million from $X.X due Our non-interest higher agency. year million volume, prior our income mortgage revenue of is from $X.X or gains XX.X% the up SBA

volume in our for quarter, to million as engaged in our contributed quarter. they the continues to volume their originators loan the affluent the nearly as have in lead success team company mortgage three that eclipsed arena residential market. Columbus Indianapolis $XXX very Our in now total

market a very Columbus, good region. Ohio realized and agency a fortune the title of dynamic Our mortgage growing

into the key and in coming business becoming to of begun of Peak quickly with a and months. had services team is For geographic successfully anticipate Title leadership Title over $XXX,XXX have with record throughout we our line Peak part commercial quarter, integrate volumes our company The footprint. our and entire revenue continued we the their and

Our SBA in million. the quarter at came for $X.X production

that we from However, the month, for as come had mark we some the Those last year which credits indicated sales on prior quarter. $XXX,XXX is SBA total gains generated sales quarter. up higher draws million $X.X to to XXX% of the

with Our nicely residual stands $XX.X X.X%. at part, of now unguaranteed yield a million portfolio, the weighted

per an $XXX,XXX quarter of business the up oversee over prior nearly total million is $XXX Including and nearly the $XX.X prior $XXX assets, care the from to management quarter XX.X%. year business million assets quarter. $X.X Wealth in X or billion Revenue represented of now from line nicely year increase under this over at is our million prior all year. XX% growing lines, we up from

initiative, second the compared million growth and have $X.X million prior Our to we key quarter more was efficiency. X.X%. improving grown $XX.X Loan scale, for third year or the

rates match regional commercial real the more to pressure estate have got portfolio as some segment. certainly within banks this aggressive had our have in We

We have priced elected would some on appropriately. the be determined and transactions of pricing that disciplined remain to not our

have to or As $XX.X prior quarter pressure continued for and up year. our of growth quarter the interest we growth. $X.X on the which be a exited a in million have continued the XX% organic result, growth That million, year-to-date. its positive said, from loan to income some put relationships that Deposit our bit is

As grew million X.X%. I to million, mentioned, $XX.X or deposits we this quarter up $XXX

these products in and strategy relationships. trajectory our over year is nearly develop to households standing upward deeper services. the quarter continued households X,XXX and a and in Growth its from XXX services Third ago with

and our We on service, and banking client our strategies, delivery digital continue working ATM groups of community key new our systems to outreach. courier with all product expand aspects

that refine dynamic implement relevant to to relationships a ones. expect coveted We and identifying profitability to newly approach solution fourth existing quarter the loan our in will further remaining

business partners. third of our quarter, to commitment our to identify clients for those In continued our refer to needs needs the and we each

half opportunities in referred in million additional the quarter. on covered million this $XX of first an up we Following $XX in have the we XXXX,

remains fourth excellence the Operational theme.

volume quarter, our volume expense million accelerated impacted our $XX This as refinance originated, refinances. XX% refinance $XXX amortization. were or million This of internal

and these on realize will mortgage coming structure which in historical transactions from closing actual fourth in up nearly from of the able maintaining commission the such quarter. is that prior the quarter. XX% our the levels. are XXX, expense that and we up higher linked closings while the year rate quarter The profitability number at general However, was achieve XX% We operational were teams to staffing

down $X.X Expense expense to are due levels and the volume. up prior from the title higher merit the of X.X% mortgage assets the expense to quarter from due improved negative third XXXX of average negative our prior Non-interest year net of agency, slightly commission a was to non-interest the $XXX,XXX increases X.X%. levels year a compared assets the impact to X.X% of and of million to to average

X.XX%. more that finally, assets few robust had the our due to a linked And at at.XX%. of weaken did this reserve quarter Total quartile quality. in as loans the top past remains to non-performing flat we group peer SBA Net $XXX,XXX of quarter our charge-offs for normalized a and XXX%. credits Non-performing asset the quarter were coverage

our approach review company. continued regimented and loan to of remain and analysis strength a to quality credit asset Our

performance I this Tony? will our little provide ask insight Tony to on quarter. a more

Tony Cosentino

everyone. morning good and Mark Thanks

up initiated earnings As to for Adjusted year increase. year of for we a as things, $X.XX completed in is buyback capital per we that we $X.XX the also $X.XX of share net or plan July of impacted had XXXX the the the the per at income Mark $X.X of share million a well per share this mentioned, compared diluted X% first Earnings prior by the raise of year. couple diluted quarter share. in as

operating positive from operating of linked from prior year X.X leverage revenue We as rose higher X%. had by and quarter up was Total the expenses for the the for up quarter. times revenue and XX.X% were XX% the XX.X% quarter

the for For X.X the year, in comes at leverage times. when impairment, operating we adjust

delivered of $X the agriculture mortgage, gains in and business quarter. sales million from Loan small

Our the quarter our XX to end indicated, refinance with from Mark And we points. as of steady the significant mortgage NPA basis despite banking revenue the lastly prior amortization. at continue ratio year, assets non-performing hold increased

break linked to quarter down income statement, the net by prior up year income we As the interest X.X% from X.X% up our quarter. third was and

for increased year and basis basis at earning was X.XX%. from overall asset up prior prior yield XX loan by the Our XX yield points X.XX% average of quarter year points the from the

the impact, sheet yield as prior quarter. to mortgage the fees XX basis XX rate year addition balance in added has the for via adding basis points volume In compared quarterly points to

margin to but prior up at was The just for at and which continued liabilities depository in from the have the response rise we the points on was the from prior Funding up points interest points basis rate linked however reductions. recent three basis from the down X.XX% reduced quarter. in five year Net came but Fed XX interest-bearing X.XX% have year. to borrowing rate quarter, costs rates basis

full year, margin the nine of first points basis X.XX%, from For our nine down months XXXX. the was

to XX% and costs income million by non-interest mortgage the management. higher to Total year up we due loan rates. SBA wealth of title interest the have was in expense deposit borrowing volume, and the from nature XX.X% higher prior increased the competitive due revenue achieved from growth higher prior risen costs, Total year by agency returns gains, of have the $X.X

our of title agency it integrate to efforts $XXX,XXX contribution newly the our the line we the Mark of acquired a As for had into strong indicated, rest from reflective our quarter company. revenue of and business was with

up were Total linked which quarter. year the and million also $XXX.X from quarter, for was the prior mortgage sales the

which percentage volume. nearly at Total the was on sale sold historical on For sold XX%, $X.X quarter, averages. trending to our X.X% was closer which million, is our came gains our in

and deliver Our value This of $XXX,XXX declined not but as $X.XX in in value of on prior and those quarters, the for a was portfolio prior XX $XX Market of servicing three the year. respectively, and providing has this X.X% mortgage $X.X servicing fair servicing points billion basis XX increased revenue is quarter servicing portfolio million quarter at XXXX. points by the in million calculated year linked just the pace stands revenue or to down did from rights from result now total slightly basis rights impairment.

from However, level At the normal or were of XX, did amortization our our X.X% servicing were were servicing which the $XX.X $XXX,XXX quarter. third of XXXX. as September $XXX,XXX for over down refinancing quarter increase by higher costs substantially amortization rights million, mortgage XXX%,

impairment total stands remaining Our $X.X at now million.

revenue the million, mortgage or also and from included X.X% higher our prior expenses from commissions the XX% the ratio Efficiency the expense X.X% quarter for mortgage levels. $XX from $X.X for the The slightly Total million quarter year, quarter. agency, linked from were or were was reflective the of the $XXX,XXX of prior prior up higher $XXX,XXX our agency improved year down year volume. and was vacancy quarter to increase. the additional for from $XXX,XXX up adjusted headcount, title in Operating well due title

million the loan million, As we to at balance from $XX.X up loan September and at and book which total sheet, of the million. had in We million, $XX million of XX% million, year, prior led the turn year from $XX.X $X.X loan commercial estate were but the followed respectively of was real $XXX.X growth growth million our asset segment, assets quarter. the linked stood one company. $XX.X $XX.X of and outstandings by prior all to residential with XX Compared the by at grew

from side, million. rate up and million, X.X% were from up the the the growth by deposit a we prior linked by quarter year $XX.X $XX.X On

to very sheet balances to deposit recent linked are response thus far balance our our as had rates efficiently and decreases utilize loan lowered holding ratio in improved deposit We to relatively the quarter Fed slightly the our to rate continue XX.X%. from flat. We

finished quarter we or is which million, $XXX.X year. Looking at from position, the our million X.X% up at prior $X.X capital the

authorization. buyback We current continued approximately and our share XXX,XXX have with quarter, shares buyback remaining XXX,XXX in our we on repurchased the share

ratio is Included Regarding total points. million those, the assets points. absent restructured in accruing at basis loans or non-performing non-performing restructured our now level XX $X.X linked elevate non-performing asset in asset stand be credits. eight of our just The XX would by these $X.X basis asset non-performing points is level total $XXX,XXX quarter. total level and up basis quality, non-performing assets from million These

prior of the losses the due SBA or linked Provision just to expense credits. $XXX,XXX from slightly have quarter a points We and did the for quarter the loan up from was $XXX,XXX, five $XXX,XXX in up basis few quarter. year

from level our X.XX% Our allowance the allowance absolute in from year total growth, and loss with group compared up year allowance our due of to million to of still This slightly XXX% percentage the XXXX. ratio us our and $X.X that to coverage peer loans level coverage places has We to at at loan is declined the currently. loan prior quartile have September in to group. NPL prior our allowance median is XXX% top now above the of peer X.X% non-performing of

I will now Mark. to call the over turn back

Mark Klein

Tony. was quarter substantial Thanks mortgage this our the we in line as aided volume business the reported. increase Clearly, by in have

mortgage expectations am of However, right of the I support throughout and our are this volumes the this in Peak through in her capacity the of drive given we diligently services line. clients weakness excess worked have with handle budget footprint. are part Abby and and record activity team integration into Waters pleased business to they at first and quarter complementary in Title deeper our proud the actually quite as XXXX achieved extremely teams we on our our months. XXXX, sales nine the to

partners that us our to will enable areas. both like grow inside continue outside to seek Peak and organizations market We our

have the that acknowledge services to for industry. begun the facing we are As we XXXX plan financial headwinds

continue our future coupled quarters. and consumer pipelines months optimistic remain are the load. constrained we Organic is industry the our disruption However, growth and fairly market current debt opportunities, healthy sheet in our inure in income to with with coming and potential should M&A disposable and benefit to and balance higher about potential our growth strong as

And I to the over for will now call back potential Carol Carol? questions-and-answers. turn

Carol Robbins

ready we are questions, Sarah, there for if you. Thank are any now any.

Operator

Instructions]. [Operator

Please comes with Our from go Martin question Janney first Brian ahead. Montgomery.

Brian Martin

guys. morning Good Hi.

Mark Klein

Brian. morning Good

Tony Cosentino

are How you doing?

Brian Martin

think a credits you in and competitive a a and just starting Tony. your I little about, more talk letting you Mark just loan Could being out mentioned bit maybe growth, bit Hi market walk.

Just you It quarters good. about your thinking and activity, sounds the outlook? pipelines are how coming the just are payoff like just

So view level just you that? just loan sustaining the or current how of growth

Mark Klein

Yes.

be to we optimistic a to our ability grow. Just high from continue level, Brian, about

are those have got markets. certainly We that individuals some leading great

ground. boots have We the on

pricing median We benefit have remaining all actually disciplined just we kind can fielding to to value. our request with just But from realized months face that pricing coming improve again, contract. albeit opposed as the our in That expand margin continue continue growth versus to in grow quarters said, that to us a at we of don't perspective, in want mind and we and we efficiency, continue incrementally arena. might level to the that

of, us year with we maybe that know Jon but So do modify sees rates lot not not a we credits we robustly only Jon maybe Gathman our ago. not do is I and of as opt out as a did

Jon Gathman

would Mark just I Yes. add what said. to

about the rates seeing talking we two particular but three price-sensitive Two how durations. low are particular said, relationships. relationships. We longer not the got we those frankly is That and just that's in or are competition three of it's highly were

curve you feel, bad exclusively years. that With we the five, XX off treasury or we is look to rate are pricing of conclusions out lead something three, going flat, a some, what as curve seven, like to

said, elsewhere Mark rate. cases we maintaining willing get were where better and those to money we that we redeploy we as duration couple are could in that So better again, thought that discipline

Brian Martin

And it is was at are pretty just it things of pipeline how standing the end to similar in Okay. there? sounds quarter? last the It pretty today, like where good. are they Or

Jon Gathman

quarter, Yes. feel I We that. it's I very good still about pretty say would similar last to very it. strong. would say

had into haven't an pipeline. about talking our are we that rates these again, So adverse impact

Tony Cosentino

say about fourth some in add still we very today. to Brian, Things we I think And is CRE we Tony. I pipeline, just Jon's going a I comments, in to this downward quarter. know would have, think, do pressure while good see the to on are

of we historical fourth I it growth. expect So But grind to a the will in way through little be quarter. wouldn't to I bit our think

Mark Klein

calls follow-up Tony's to to we to have just that comment. C&I, the Brian, that and recognized to And Clearly, on competitive more of particularly because the CRE. continue just on we job the we on need done nature seen be make

that the loans. is higher what incrementally C&I you CRE to balance in to that on deposit more is generating move understand spirit continued needle of places focus we have but fund the sheet, we So the the can on

Brian Martin

is trends are Okay. how point? at SBA And pretty this positive the that

Mark Klein

Yes.

that Just robust very business got our generally been good comments. to ago. into a And that just a years But recently, again, the we can in Jon or line. expected. has posture of line speak had five like business credit we as better. didn't perform that couple couple We have make four speaking, a on But way that to

clearly do opportunities there, lower an rate it begun deeper because albeit have loans in We are there environment into duration, to many without are where longer out competitors SBA. going

and more more takes that work prospecting. So

Jon?

Jon Gathman

No. correct. That's absolutely

that to work this some of first are the have for credits But to point and quarter working perform as here continues which worked for we we a prepare have quarter quickly. said, for in high really fourth primarily had we line bit weakness that Mark have little forward continue small the already portfolio we do very as anyway. to But we well. business think to two I Mark through here push expectations said, as in need we we at And overall, it. the

Brian Martin

guess And it to about fourth about pretty XXXX it headwinds to dust the given maybe it's your strong is kind fourth in go then difficulty? and Or guess a if quarter year, Okay. you mean, as pretty particularly performance, more then maybe is as I XQ whether down or guess, similar, trying obviously of how of gauge expectation just is quarter? going a think next strong that be just numbers? a to to for shaping I could strong. when into really But maybe quarter though minute. be to just XXXX, up and sounds Mark, mortgage I I jumping your

Mark Klein

about us, of level clearly, the to that are be years, But and that a has Brian, know the at said, there you and that expand potentially and two know, footprint million line, built by producers strategy is of company strategic or a been continue to build more of rates. three existing that. incrementally team kind clearly, $XXX have mortgage $XXX all of addition level Indianapolis Yes. for holding maybe work saleable the long take the products, for to out continuing be some it million now nontraditional bite and we of kind going we business driven with as organically we with a to term we a for $XXX optimistic interest And Well to about out million level markets our that with to number the bigger talked level. albeit to

have done We we it well. doing. think fairly we are We what know

have been We for built it.

that's discussed, level and in the markets. we Annapolis And and Columbus market, continue time, for without move higher our those because with service and to with Brian, expand albeit the and along are to of have Fort that as established to backroom number think for and for you rooftops households new we business Findlay, some is have of robust kinds We those I traditional households limited, line to continue us. going move it a Wayne

deeper more on So up in we households go come process that continue continuing franchise the to continues and and we the robust. on continued But trends make need current that higher continuing grow to and with to to push focus. be it strategies work we the to continue to the to

Brian Martin

Okay.

am being the point, I it you you sounds this half on out guess year, for are lower saying mean I the in greater be Mark? But second number not based rule definitively mortgage in though. at next should it are here? XXXX seeing strength I calling So that. wouldn't you a as

Mark Klein

the and turns builders is on that record seven we a Midwest saying at in we our for the which I very conversation to existing small potential This we And development been, of that financed some in the five identify that years. go don't a first have fact see to single-family our as speak. in the with Brian, in of it's of it we hasn't the opportunities have know, Again, robust begun household, great quarter expansion market it the in for, fringes course looking footprint. the Yes. overall can more and on

the excited are we So about opportunities.

We with all have to to push X.X% And of people on got staff intent the the developing unemployment in on is are staff up great a our a know business that to committed again, challenges fronts. But arise and regard and strategic and $XXX million-plus. talent retaining it line. continue to market, we great staff course and of level that to you

Brian Martin

Got you.

in great about, your it, said I benefit Okay. I guess a color, something refinance maybe and what being maybe maybe prepared I of That's Mark. missed XQ. Thanks. just you missed activity mentioned there. remarks that you And

just So if could you clarify that?

Mark Klein

Brian. sorry, am I question. I your missed

on out cut me You there.

Brian Martin

Yes.

refinance profitability your adding of then I I think bit in prepared kind said you talking you I activity XQ. about said in it we remarks what are missed you about and there. guess to just have a

Mark Klein

Go Yes. ahead, Tony.

Tony Cosentino

just to Brian, up. clean Yes. that

in internal know, refinances a going at commission see the internal timeframe. continue bulk Our you origination are of into happen that are quarter. And lower structure mortgage is would be volume. fourth refinances paid And that such to we what than September normal we a saw commission rate the our the

be I am lower. because line. so structure, such lower, just volume will of be saying, but So cost our higher business structured, of will will it's in commission be level will that profitability how The be our

Mark Klein

sold. that Brian, and construction do the in pipeline recognized fairly have, same those Tony, to comes then a And later that, when said, expenses add robust they of we token and are upfront to are revenue projects on

add think well to will I that So fuel the fourth fire as the some quarter. in

Brian Martin

you. Got

see margin then we that, come on you Perfect. maybe cuts pass? the under that margin I of a able Fed kind does meetings, kind maybe minute. we if like for guess that to view do we did picture three get, decreases margin how if just scenario, the to get if three of get And next scenario unfolding? how rate were kind guess, the some I the under if thought we big here, on a the Okay. just your just of you Tony, just jumping

Tony Cosentino

are three is Well, we for. budgeting I cuts anticipating and that what and think

There the get We obviously, we room question side, is margins. side. on downward that just a lot established starts It to our of floors income the on pressure will and that. funding on we don't those no had about below interest accelerate have have as have we

XX%, we at we I XX% look this costs, XX%, QX going QX, on are it, think were basis. interest QX up we up quarter in were be up are expense as an a we up, annualized on to we basis. year-over-year XX% By call

stabilize not pressure. So but funding income to three that side. we margin interest up think, to to costs, to don't And I going fast we are be are on will to enough just the enough cuts be able outpace to offset pick going I rate grow able

of I anticipate level same QX. had we probably in year-over-year decline of in So QX the that margin QX, would kind and

Mark Klein

the that's pricing. impetus the Tony, think, for diligent I Which, loan really

Tony Cosentino

Yes.

Mark Klein

ratchet in that up margin Is bit. continues our and cost funding a to of the of to which approach remain we to we incremental the steadfast are want our maintenance and how pricing

Brian Martin

Okay.

how clarify, can just to rate give at kind of for that points Tony, quantification to each each get, of does margin? you basis on And guess think a mean to it I some you so as you margin I you haircut just XX today? the look much cut at the what

Tony Cosentino

forward half But interest a rate about side. on successfully far, will about able a It's been give would as we funding to pace I the we going side. on tougher side. cost about that the offset $XXX,XXX XX% funding income expect on little the that to continue cuts. offset Yes. to get further into $XXX,XXX have that of Thus

Mark Klein

are operational number some the Brian, bottomline at And looking which, a able as continue fonts speak on be north. efficiencies of to we drive to to again we

Brian Martin

cost from the in thereafter? fourth you kind like stabilize it that maybe cost deposit Got Is that here. peak are funding thinking comments, you. of it? about think, quarter Does sounds And your you Tony, or how that

Tony Cosentino

as have Based Yes. we today. projections our upon

Brian Martin

Perfect. guess the on or Okay. couple, just last Tony, the Mark. just then I And buyback,

Or are by guess complete just into some is Was progress the year-end? how that Is could far. expectation it that about I time. Just recall don't it? bleed good it that? I you so guess next we I the year? thinking would

Tony Cosentino

Yes.

We have on XXX,XXX remaining current our authorization. got

I current our extending after authorization. the or wouldn't us authorization not re-upping have valuations, Given finished see we

are don't doing month. between, I We XX,XXX buyback shares XX,XXX know, a to

So It the the fully at current by February best we think bleed end authorization. I by all bit might would it the achieve QX. year. we But are by into scenario, case completed of a certainly

Brian Martin

Perfect.

discussions? any And just in M&A front? on on Okay. that happening your What's marketplace just comments

Mark Klein

Yes.

Brian, capital, continue high-level, $XX and who are million confident the open at And as table. with to enough we that least our with be are we We marginally real look and Just were options. to us provide investors prudently to several discussed good optimistic we going deploy able on we soon. we those keep that of that are at

Brian Martin

are focus, still other look it you the table primary on of of I both And the then remarks, M&A and fee at Okay. income type as of today? in mentioned kind know sources, your you Mark, just kind both traditional bank

Mark Klein

be and or. would an It versus an Yes.

Brian Martin

Yes.

that's remind Okay. the timing going All of the preferred, it's just maybe right. And of Tony? then me, kind conversion that how maybe on of more just the unfold, to and

Tony Cosentino

Sure.

we give an to will We here that shortly are marketplace. the announcement going to have

those to prior per common to We going of the right agreement. year-end holiday, the will convert Christmas are around to convert those this And year.

actual have we the those in know, in call next exact more week had full convert you the So the so. XX,XXX we we suspect which about and now a date or bit getting still date shares are between and have eight will early I of

Brian Martin

Okay.

the I guys. time me congrats it a on step nice appreciate and back. I for will I that's quarter. think

Mark Klein

Yes. Thanks for joining.

Tony Cosentino

Brian. Thanks

Operator

our session. CEO any and Klein, would Chairman, This turn to Mark for closing like President concludes remarks. question-and-answer over I the conference back to

Mark Klein

our and you on forward in Yes. conference be reporting look our joining. thanks in And webcast and year Once joining bye. that good full call will again, to everyone you appreciate Thank We we for today. for results and the forthcoming. January

Operator

you The today's attending has concluded. for presentation. Thank now conference

You may now disconnect.

SB Financial (SBFG) 29 Oct 192019 Q3 Earnings call transcript