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.
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SVB&T Corporation has appointed J. Craig Buse as a Board Director for both the corporation and Springs Valley Bank & Trust Company, effective May 18, 2022. This move is part of the formal succession plan as President & CEO Jamie Shinabarger prepares for retirement at the end of 2024. Buse, who joined Springs Valley in 2002, brings over two decades of banking experience and will help oversee policy establishment and annual budget approvals. His accolades include the Rising Star award and recognition as one of Banking Exchange's 20 Under 40.
SVB&T Corporation (OTCQX:SVBT) announced a quarterly dividend of $0.16 per share, to be paid on or about July 15, 2022, for shareholders of record as of June 15, 2022. This dividend reflects an 18.52% annualized increase compared to the previous fiscal year, adjusted for the recent stock split.
The company operates Springs Valley Bank & Trust Company, offering a variety of financial services in multiple counties.
SVB&T Corporation (OTCQX:SVBT) reported first-quarter 2022 unaudited earnings of $1.79 million, translating to earnings per share (EPS) of $1.63, marking an 18.50% decrease from the prior year. The return on average assets (ROAA) stood at 1.42%, down from 1.79% year-over-year. Net interest income fell to $4.43 million, while noninterest income rose to $2.39 million. Total assets increased to $515.80 million, with total loans reaching $399.90 million. The corporation completed a 2-for-1 stock split to boost stock liquidity. CEO Jamie Shinabarger emphasized focus on managing the balance sheet amid rising interest rates.
SVB&T Corporation (OTCQX:SVBT) has announced a two-for-one stock split in the form of a stock dividend, set to pay on March 10, 2022, to shareholders recorded by March 1, 2022. This stock split will increase the outstanding shares from 550,072 to approximately 1.1 million. Additionally, the company declared a quarterly cash dividend of $0.16 per share (post-split), reflecting an 18.52% annualized increase over the previous fiscal year. The dividend will be payable on April 15, 2022, for shareholders recorded by March 18, 2022.
SVB&T Corporation (OTCQX:SVBT) reported unaudited Q4 2021 earnings of $1.22 million, or $2.20 EPS, reflecting an 8.71% decline year-over-year. The return on average assets (ROAA) fell to 0.98% from 1.10%. Net interest income remained stable at $4.73 million, while noninterest income decreased to $1.98 million. Year-to-date earnings reached a record $7.38 million, with an EPS of $13.36, up 54.81% from 2020. Total loans rose to $387.22 million, but total assets decreased to $490.10 million. The corporation continues to focus on mortgage origination and has authorized a $2 million share repurchase program.
SVB&T Corporation (OTCQX:SVBT) declared a quarterly dividend of $0.27 per share, payable on January 15, 2022, to shareholders of record as of December 15, 2021. This represents a 3.85% increase from the total dividend declared for the 2020 fiscal year. The bank provides a range of financial services through its subsidiary, Springs Valley Bank & Trust Company, operating in multiple counties in Indiana.
SVB&T Corporation (OTCQX:SVBT) reported a strong third quarter 2021, with unaudited earnings of $1.91 million, translating to $3.48 EPS, a 50.65% increase year-over-year. Net interest income rose to $4.75 million, up from $4.25 million in Q3 2020, driven by PPP loans and lower funding costs, leading to a net interest margin growth from 3.63% to 4.05%. Year-to-date earnings reached $6.16 million, a 79.42% increase over 2020. However, noninterest income saw a slight decline, and overall deposits decreased by $1.78 million.
Despite economic challenges, Springs Valley remains well-positioned for growth.
SVB&T Corporation (OTCQX:SVBT) announced unaudited Q2 2021 earnings of $2.0 million, equating to $3.67 EPS, a 49.19% year-over-year increase. The return on average assets (ROAA) improved to 1.61% from 1.14%. The board declared a quarterly dividend of $0.27 per share, up 3.85% annually. Net interest income rose to $4.7 million, with a significant contribution from PPP loans and lower funding costs. Year-to-date earnings reached $4.2 million, marking a 95.92% increase. However, noninterest expense rose by $579,000 due chiefly to higher salary and benefits.
SVB&T Corporation (OTCQX:SVBT) announced a quarterly dividend of $0.27 per share, payable on or about July 15, 2021 to shareholders of record as of June 15, 2021. This dividend represents a 3.85% annualized increase compared to the total dividend declared for the 2020 fiscal year. The company operates Springs Valley Bank & Trust Company, providing full banking and financial services across multiple counties in Indiana.
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