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SVB&T Corporation is the OTCQX-traded parent company of Springs Valley Bank & Trust Company, a full-service banking institution serving counties in southern Indiana. Company news centers on unaudited quarterly and annual earnings, earnings per share, return on average assets, and board-declared cash dividends on common stock.
Recurring updates also describe Springs Valley's deposit accounts, certificates of deposit, electronic banking, consumer and mortgage applications, loan offerings, trust services, financial advisory work, estate and tax planning, wealth management, and investment services. Banking-related disclosures frequently address mortgage conditions, servicing fees, provision expense, funding costs, local real estate trends, interest rates, capital markets, competition, and regulatory conditions.
SVB&T (OTCQX:SVBT), the parent company of Springs Valley Bank & Trust Company, has declared a quarterly dividend of $0.20 per share on its common stock. This dividend is payable on or about January 15, 2025, to shareholders of record as of December 16, 2024. Notably, this represents an 11.11% annualized increase over the total dividend declared for the 2023 fiscal year.
Springs Valley Bank & Trust Company offers a wide range of financial services, including checking and savings accounts, certificates of deposit, and various loan options. The company also provides financial advisory services, specializing in estate planning, tax planning, and wealth management.
SVB&T (OTCQX:SVBT) reported Q2 2024 unaudited earnings of $1.70 million or $1.55 EPS, a 14.81% increase year-over-year. The company's Board declared a quarterly dividend of $0.20 per share, an 11.11% annualized increase over 2023. Key financial highlights include:
- Net interest income before provision: $4.07 million (down from $4.47 million in Q2 2023)
- Noninterest income: $2.84 million (up from $1.92 million in Q2 2023)
- Total assets: $622.33 million (up $8.78 million from December 31, 2023)
- Total loans: $486.58 million (up $2.98 million from December 31, 2023)
- Total deposits: $535.17 million (up $1.71 million from December 31, 2023)
The company's YTD earnings for the six months ended June 30, 2024, were $3.10 million or $2.82 EPS, a 5.62% increase year-over-year.
SVB&T (OTCQX:SVBT), the parent company of Springs Valley Bank & Trust Company, announced a quarterly dividend of $0.20 per share of its common stock. This dividend will be payable on or about July 15, 2024, to shareholders of record as of June 14, 2024. The dividend represents an 11.11% annualized increase over the total dividend declared for the 2023 fiscal year. Springs Valley Bank & Trust Company serves Dubois, Daviess, Gibson, and Orange Counties with full-service banking and financial services, including checking and savings accounts, loans, and investment services. The bank is FDIC insured and an Equal Housing Lender.
SVB&T , parent company of Springs Valley Bank & Trust Company, reported 2024 first quarter earnings of $1.40 million, with a decrease in EPS compared to the prior year. Net interest income decreased, while noninterest income and expenses increased. Book value and stock price increased, with shares being repurchased. Total assets, loans, and deposits decreased, with a focus on core deposit growth. Management remains optimistic despite external challenges.
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