Welcome to our dedicated page for SVB & T news (Ticker: SVBT), a resource for investors and traders seeking the latest updates and insights on SVB & T stock.
SVB & T Corp (SVBT) delivers community-focused banking services through its subsidiary Springs Valley Bank & Trust Company. This news hub provides investors and stakeholders with timely updates on financial performance, strategic initiatives, and operational developments.
Access press releases, earnings reports, and analysis covering SVBT’s retail/commercial banking services, loan portfolio management, and financial advisory offerings. Track updates on leadership changes, regulatory compliance, and community partnerships that shape this regional institution’s trajectory.
Key coverage areas include quarterly earnings, acquisitions, product launches, and community reinvestment programs. All content undergoes rigorous verification to ensure accuracy and relevance for informed decision-making.
Bookmark this page for streamlined access to SVBT’s evolving story in regional finance. Combine our updates with SEC filings and market analysis for comprehensive research.
SVB&T Corporation (OTCQX:SVBT) reported unaudited fourth quarter earnings for 2022 of $1.43 million, or $1.30 EPS, representing a 17.12% increase year-over-year. The return on average assets stood at 1.06%, up from 0.98% a year earlier. A quarterly dividend of $0.18 was declared, reflecting a 12.50% annualized increase. Net interest income for Q4 was $4.87 million, a rise from $4.73 million the previous year, driven by increased loan balances amid a higher rate environment. Total assets grew by $70.47 million to $560.57 million, and total loans increased by $65.82 million. YTD earnings were $6.35 million, down 13.73% from 2021, amidst rising interest expenses.
SVB&T Corporation (OTCQX:SVBT) reported Q3 2022 earnings of $1.62 million, down 15.52% year-over-year, translating to $1.47 per share. Return on average assets (ROAA) decreased to 1.23%. This decline is mainly due to the cessation of the SBA's Paycheck Protection Program and rising interest rates affecting mortgage lending. Total assets grew to $522.14 million, while total loans increased to $425.05 million. The Board declared a quarterly dividend of $0.16 per share, reflecting an 18.52% annualized increase. Noninterest expenses rose significantly, impacting net earnings.
SVB&T Corporation (OTCQX:SVBT) reported unaudited second quarter earnings of $1.52 million or $1.38 EPS, reflecting a 24.59% drop from the previous year's quarter. The return on average assets (ROAA) decreased to 1.16% compared to 1.61% in Q2 2021. The decline is linked to the end of the SBA's Paycheck Protection Program and rising interest rates affecting mortgage lending. Total assets rose to $519.12 million, while loans increased to $414.82 million. The Board declared a quarterly dividend of $0.16 per share, an 18.52% annualized increase from 2021.
FAQ
What is the current stock price of SVB & T (SVBT)?
What is the market cap of SVB & T (SVBT)?
