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 Corporation (OTCQX: SVBT) is the parent company of Springs Valley Bank & Trust Company, a community-focused commercial bank serving customers in Indiana. This news page compiles the company’s public announcements, with an emphasis on earnings results, dividend declarations, and strategic commentary from management.
In its regular earnings releases, SVB&T Corporation reports unaudited quarterly and annual financial performance, including net income, earnings per share, return on average assets, net interest income, noninterest income, and noninterest expense. These updates also discuss trends in total assets, loans, deposits, and allowance for credit losses, as well as the impact of changing interest rate environments on interest income, interest expense, and net interest margin.
Investors following SVBT news will see detailed explanations of factors driving performance, such as loan demand in commercial and agriculture real estate, changes in deposit mix between interest-bearing and noninterest-bearing accounts, and the contribution of noninterest income from the Financial Advisory Group, electronic banking services, and gains on sold loans. The company also uses its news releases to announce quarterly cash dividends on its common stock and to describe any authorized share repurchase programs.
Management commentary included with these announcements provides additional context on the operating environment, including references to Federal Reserve policy, funding costs, asset quality, and strategic priorities like core deposit growth and relationship-oriented community banking. This page offers a centralized view of those disclosures, allowing readers to review how SVB&T Corporation communicates its financial and strategic developments over time.
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.
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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.
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