SVB&T Corporation (OTCQX:SVBT) reported strong Q1 2025 earnings of $2.09 million or $1.91 EPS, marking a 49.22% increase year-over-year. The company achieved a return on average assets (ROAA) of 1.32%, up from 0.93% in Q1 2024. Net interest income reached $4.70 million, with interest income increasing by $510,000 and interest expense decreasing by $129,000. Noninterest income grew to $2.64 million, up $350,000 from the previous year. The company's book value increased by 8.06% to $60.06 per share. Total assets stood at $636.55 million, with total loans at $469.30 million and deposits at $562.32 million. The bank maintains a healthy loan pipeline and focuses on quality relationship pricing while managing costs in the elevated rate environment.
SVB&T Corporation (OTCQX:SVBT) ha riportato solidi utili del primo trimestre 2025 pari a 2,09 milioni di dollari o 1,91 dollari per azione, segnando un aumento del 49,22% su base annua. La società ha raggiunto un ritorno sugli attivi medi (ROAA) dell'1,32%, in crescita rispetto allo 0,93% del primo trimestre 2024. Il reddito netto da interessi ha raggiunto 4,70 milioni di dollari, con un aumento del reddito da interessi di 510.000 dollari e una riduzione delle spese per interessi di 129.000 dollari. Il reddito non da interessi è cresciuto a 2,64 milioni di dollari, in aumento di 350.000 dollari rispetto all'anno precedente. Il valore contabile della società è aumentato dell'8,06% raggiungendo 60,06 dollari per azione. Gli attivi totali ammontano a 636,55 milioni di dollari, con prestiti totali pari a 469,30 milioni di dollari e depositi a 562,32 milioni di dollari. La banca mantiene un solido portafoglio di prestiti e si concentra su una politica di prezzo basata su relazioni di qualità, gestendo i costi in un contesto di tassi elevati.
SVB&T Corporation (OTCQX:SVBT) reportó sólidos ingresos del primer trimestre de 2025 de 2,09 millones de dólares o 1,91 dólares por acción, lo que representa un aumento del 49,22% interanual. La compañía logró un retorno sobre activos promedio (ROAA) del 1,32%, superior al 0,93% del primer trimestre de 2024. Los ingresos netos por intereses alcanzaron los 4,70 millones de dólares, con un incremento en los ingresos por intereses de 510.000 dólares y una disminución en los gastos por intereses de 129.000 dólares. Los ingresos no relacionados con intereses crecieron a 2,64 millones de dólares, un aumento de 350.000 dólares respecto al año anterior. El valor en libros de la compañía aumentó un 8,06%, llegando a 60,06 dólares por acción. Los activos totales fueron de 636,55 millones de dólares, con préstamos totales de 469,30 millones y depósitos de 562,32 millones. El banco mantiene una sólida cartera de préstamos y se enfoca en una política de precios basada en relaciones de calidad, gestionando los costos en un entorno de tasas elevadas.
SVB&T Corporation(OTCQX:SVBT)는 2025년 1분기 실적이 209만 달러 또는 주당순이익(EPS) 1.91달러로 전년 대비 49.22% 증가했다고 보고했습니다. 회사는 평균자산수익률(ROAA) 1.32%를 기록했으며, 이는 2024년 1분기의 0.93%에서 상승한 수치입니다. 순이자수익은 470만 달러에 달했으며, 이자수익은 51만 달러 증가하고 이자비용은 12만 9천 달러 감소했습니다. 비이자수익은 264만 달러로 전년 대비 35만 달러 증가했습니다. 회사의 장부가치는 8.06% 상승하여 주당 60.06달러를 기록했습니다. 총자산은 6억 3,655만 달러, 총대출은 4억 6,930만 달러, 예금은 5억 6,232만 달러였습니다. 은행은 건전한 대출 파이프라인을 유지하며 고품질 관계 기반 가격 책정에 집중하고, 고금리 환경에서 비용 관리를 하고 있습니다.
SVB&T Corporation (OTCQX:SVBT) a annoncé de solides résultats pour le premier trimestre 2025 de 2,09 millions de dollars soit un bénéfice par action (BPA) de 1,91 dollar, marquant une augmentation de 49,22% par rapport à l'année précédente. La société a réalisé un rendement moyen des actifs (ROAA) de 1,32%, en hausse par rapport à 0,93% au premier trimestre 2024. Le revenu net d'intérêts a atteint 4,70 millions de dollars, avec une augmentation des revenus d'intérêts de 510 000 dollars et une diminution des charges d'intérêts de 129 000 dollars. Les revenus hors intérêts ont augmenté pour atteindre 2,64 millions de dollars, soit une hausse de 350 000 dollars par rapport à l'année précédente. La valeur comptable de la société a augmenté de 8,06% pour atteindre 60,06 dollars par action. Les actifs totaux s'élevaient à 636,55 millions de dollars, avec des prêts totaux de 469,30 millions et des dépôts de 562,32 millions. La banque maintient un solide portefeuille de prêts et se concentre sur une tarification basée sur des relations de qualité tout en maîtrisant les coûts dans un contexte de taux élevés.
Die SVB&T Corporation (OTCQX:SVBT) meldete starke Ergebnisse für das erste Quartal 2025 in Höhe von 2,09 Millionen US-Dollar bzw. 1,91 US-Dollar Gewinn je Aktie, was eine Steigerung von 49,22% im Jahresvergleich darstellt. Das Unternehmen erzielte eine Rendite auf das durchschnittliche Vermögen (ROAA) von 1,32%, gegenüber 0,93% im ersten Quartal 2024. Der Nettozinsertrag erreichte 4,70 Millionen US-Dollar, wobei die Zinserträge um 510.000 US-Dollar stiegen und die Zinsaufwendungen um 129.000 US-Dollar sanken. Die Erträge aus nicht zinstragenden Geschäften wuchsen auf 2,64 Millionen US-Dollar, ein Anstieg von 350.000 US-Dollar gegenüber dem Vorjahr. Der Buchwert des Unternehmens stieg um 8,06% auf 60,06 US-Dollar je Aktie. Die Gesamtaktiva beliefen sich auf 636,55 Millionen US-Dollar, mit Gesamtforderungen von 469,30 Millionen US-Dollar und Einlagen von 562,32 Millionen US-Dollar. Die Bank verfügt über einen gesunden Kreditbestand und konzentriert sich auf qualitativ hochwertige Kundenbeziehungen bei der Preisgestaltung, während sie in einem Umfeld erhöhter Zinssätze die Kosten im Griff behält.
Positive
Q1 2025 earnings increased 49.22% year-over-year to $2.09 million
Return on average assets improved to 1.32% from 0.93%
Net interest income grew to $4.70 million from $4.06 million
Noninterest income increased by $350,000 to $2.64 million
Book value per share grew 8.06% to $60.06
Interest expense decreased by $129,000 due to lower short-term rates
Negative
Total assets decreased $1.26 million quarter-over-quarter
Total loans decreased $10.10 million from previous quarter
Total deposits decreased $756,000 from previous quarter
JASPER, IN / ACCESS Newswire / May 13, 2025 / SVB&T Corporation (OTCQX:SVBT), parent company of Springs Valley Bank & Trust Company, today announced 2025 first quarter unaudited earnings of $2.09 million or $1.91 earnings per share (EPS), a 49.22% increase over the same prior year period earnings on a per share basis. This 2025 first quarter performance translates to a return on average assets (ROAA) of 1.32%, compared to the same prior year period ROAA of 0.93%.
Net interest income before provision expense for the first quarter ended March 31, 2025, was $4.70 million compared to $4.06 million for the same period in 2024. Interest income increased $510,000 compared to the prior year first quarter, primarily due to increased interest rates on loans resulting from the elevated rate environment and assets repricing. Interest expense decreased $129,000 compared to the same prior year quarter, due largely to the fact that, starting in late 2024, short-term interest rates have moved off the recent highs reached in 2023, and deposits have subsequently started repricing lower. Provision expense increased by $91,000 over the prior year first quarter. Additionally, noninterest income increased approximately $350,000 to $2.64 million from $2.29 million. The higher income can be attributed to increased revenue over the prior year first quarter from a variety of areas, including the Financial Advisory Group and Financial Services, electronic banking income, and sold mortgage income. As has been in the past, noninterest income generation continues to be a strategic focus of SVB&T's by growing the Financial Advisory Group, increasing sold loan income, expanding electronic banking services, and other avenues, to continue to reduce margin dependence. Noninterest expense decreased $49,000 to $4.70 million from $4.75 million, attributable primarily to decreased health insurance claims in the first quarter of 2025.
Quarter over trailing quarter earnings increased approximately $793,000 or 61.06%. The earnings increase was largely driven by increased revenue from the Financial Advisory Group, Financial Services, and electronic banking, as well as reduced interest expense, salaries and benefits expense (primarily due to lower health insurance claims), and marketing expenses.
SVB&T Corporation book value has increased from $55.58 per share as of March 31, 2024, to $60.06 as of March 31, 2025, an 8.06% increase. SVB&T Corporation stock closed at $42.92 per share on the OTCQX exchange on March 31, 2025. In February of 2021, the Corporation's Board of Directors authorized a share repurchase program through December 31, 2022. Under the program, the Corporation was authorized to repurchase, from time to time as the Corporation deemed appropriate, shares of SVB&T Corporation's common stock with an aggregate purchase price of up to $2.00 million. As of December 31, 2022, SVB&T had repurchased (adjusted for 2022 stock split) 24,400 shares, with an average purchase price of $40.59, under the program. As of May 16, 2023, the repurchase program was renewed with an aggregate purchase price of up to $1.00 million. As of the end of the first quarter of 2025, 5,952 additional shares have been repurchased under the newly approved plan, with an average purchase price of $42.00.
Total assets decreased $1.26 million to $636.55 million on March 31, 2025, compared to December 31, 2024 assets of $637.81 million. Total loans before allowance decreased $10.10 million to $469.30 million on March 31, 2025, from $479.40 million on December 31, 2024. The decrease in loans in 2025 was primarily a result of payoffs and paydowns on commercial real estate loans. Springs Valley does have a healthy loan pipeline heading into the second quarter of 2025. That said, the Bank is strategically managing loan growth with a focus on quality and relationship in order to alleviate some of the pressure on the funding side of the balance sheet as cost of funds still remain relatively elevated. Allowance as a percentage of total loans was 1.51% as of March 31, 2025, compared to 1.41% as of December 31, 2024. Total deposits decreased $756,000 to $562.32 million on March 31, 2025, from $563.08 million on December 31, 2024. Noninterest-bearing deposits increased by approximately $3.63 million due largely to increases in business account balances. Interest-bearing deposits decreased by approximately $4.39 million. The largest deposit decrease occurred in Springs Valley's integrated cash sweep (ICS) demand deposit accounts. Core deposit growth continues to be a primary focus of Springs Valley's as it is a critical component in generating sustainable, long-term profitability for the institution.
President and CEO, J. Craig Buse, commented, "We have had one of the best first quarters in terms of earnings in the history of the franchise, generating a very healthy 1.32% annualized ROAA. All areas of the institution are performing at a high level, with some tailwinds helping to boost financial performance; most notably an increasing net interest margin largely due to a lower cost of funds, resulting from short-term interest rates coming down from the high reached in late 2023. Asset quality continues to hold up well. Our focus for future loan growth is going to be concentrated on quality, relationship pricing, and local demands. Although there are some economic headwinds, including a slowing economy and potential tariff impacts, we remain optimistic regarding the Bank's future performance as we expect additional margin expansion as the Bank's cost of funds continues to decrease given the prevailing expectation regarding the Federal Funds rate trajectory, which is indicating three to four rate cuts by year end. All that said, Springs Valley continues to focus on relationship-oriented community banking to provide year-over-year financial performance for all stakeholders."
##
For more information contact: Ryan Heim, Treasurer & CFO, SVB&T Corporation, at 812.634.4889 or rheim@svbt.bank.
SVB&T Corporation is headquartered at 8482 West State Road 56, French Lick, Indiana 47432 with administrative offices at 1500 Main Street, Jasper, Indiana 47546. Its subsidiary, Springs Valley Bank & Trust Company, has locations in Dubois, Daviess, Gibson, and Orange Counties, offering full-service bank and financial services. Springs Valley has products and services for all types of families and businesses, including checking and savings accounts, certificates of deposit, electronic services, online consumer and mortgage applications, and a variety of other loan options. Springs Valley Bank is a member of FDIC and is an Equal Housing Lender.
In addition, the company has a full-service financial advisory group managed by experienced, talented professionals specializing in estate planning, tax planning, and wealth management. Investment services are also offered by a licensed, professional Springs Valley representative. Trust and investment products are not deposits; not insured by the FDIC; not a deposit or other obligation of, or guaranteed by, the depository institution; not insured by any Federal Government Agency; and may lose value - subject to investment risks, including possible loss of the principal amount invested.
More information can be found online at www.svbt.bank. The Corporation's stock is traded on the OTCQX trading platform under ticker symbol SVBT (www.otcmarkets.com).
Information conveyed in this press release regarding SVB&T Corporation's and its subsidiaries' anticipated future performance is forward-looking and therefore involves risks and uncertainties that could cause the results or developments to differ significantly from those indicated in these statements. These risks and uncertainties include, but are not limited to, risks and uncertainties inherent in general and local banking, as well as mortgage conditions, competitive factors specific to markets in which the company and its subsidiaries operate, future interest rate levels, changes in local real estate markets, legislative and regulatory decisions, capital market conditions, and/or other factors.
Selected Consolidated Financial Data of SVB&T Corporation (In Thousands, Except Shares Outstanding and Per Share Data)
Unaudited
Audited
31-Mar
31-Dec
2025
2024
2024
Assets
Cash and due from banks
$
19,488
$
11,045
$
18,559
Interest-bearing time deposits
0
0
0
Fed funds sold
52,905
17,304
45,770
Available for sale securities
66,197
63,281
65,594
Other investments
2,517
2,517
2,517
Loans held for sale
1,232
137
1,222
Loans net of allowance for credit losses
461,210
475,553
471,398
Premises and equipment
5,902
6,231
6,016
Bank-owned life insurance
10,601
10,565
10,549
Accrued interest receivable
3,316
3,220
3,398
Foreclosed assets held for sale
309
522
49
Mortgage servicing rights
2,549
2,041
2,489
Lender risk account (FHLBI)
1,693
1,636
1,666
Other assets
8,632
8,219
8,583
Total assets
$
636,551
$
602,271
$
637,810
Liabilities and Stockholders' Equity
Noninterest-bearing deposits
91,656
85,864
88,021
Interest-bearing deposits
470,666
437,562
475,057
Borrowed funds
0
5,000
0
Subordinated debentures
0
5,000
0
Accrued interest payable and other liabilities
8,077
7,929
9,918
Total liabilities
$
570,399
$
541,355
$
572,996
Stockholders' equity
66,152
60,916
64,814
Total liabilities and stockholders' equity
$
636,551
$
602,271
$
637,810
Three Months Ended
31-Mar
2025
2024
Operating Data:
Interest and dividend income
$
8,615
$
8,105
Interest expense
3,915
4,044
Net interest income
$
4,700
$
4,061
Provision for credit losses
103
12
Net interest income after provision for credit losses
$
4,597
$
4,049
Fiduciary activities
1,404
1,210
Customer service fees
230
230
Increase in cash surrender value of life insurance
An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
