Steel fiber-reinforced concrete (SFRC) has outstanding mechanical properties and is widely used in the construction industry. To investigate the damage characteristics of SFRC beams with different steel fiber (SF) contents (0, 15, 30, 45, and 60 kg/m3) accurately, this study analyzed the bending damage (including the load-crack mouth opening displacement curve, flexural–tensile strength, fracture toughness, and microstructure and macrostructure) and fractal characteristics of SFRC beams under three-point bending tests. The crack propagation process in the SFRC beams was monitored by the digital image correlation technique. Information on microcrack evolution and macrocrack development during the loading process was collected using acoustic emission techniques. Furthermore, the correlation dimension reflecting the development state of the cracks was obtained based on the Grassberger–Procaccia algorithm. Test results showed that the performance of concrete beams in terms of deformation and cracking significantly improved by adding SFs. The beam with an SF content of 45 kg/m3 had the highest flexural–tensile strength of 6.979 MPa, which was 1.668 times higher than that of a plain concrete beam. The beam with a 60 kg/m3 SF content had the highest fracture toughness of 1.691 MPam1/2, which was 53.87% higher than that of the plain concrete beam. The fractal analysis results showed that when the correlation dimension increased, numerous small-sized, low-evolution microcracks accumulated in the fracture process zone. When the correlation dimension decreased, the microcracks converged and formed macrocracks. The peak value of the correlation dimension can be used as precursor information for SFRC beam fracture prediction.