SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Declares Quarterly Dividend
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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
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.
Positive
- Quarterly dividend declared at $0.27 per share.
- 3.85% annualized increase over 2020 fiscal year dividends.
Negative
- Risks associated with general and local banking conditions.
- Potential impacts from changes in interest rates and local real estate markets.
Details
News Market Reaction – SVBT
The recorded move for SVBT in the trading session of this news was +2.20%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
JASPER, IN / ACCESSWIRE / May 19, 2021 / SVB&T Corporation (OTCQX:SVBT), the parent company of Springs Valley Bank & Trust Company, announced that its Board of Directors declared a quarterly dividend of
The dividend declared is a
For more information contact: Ryan Heim, Treasurer & CFO, SVB&T Corporation, at 812.634.4889 or rheim@svbt.com.
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. 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. More information can be found online at www.svbt.bank. The company'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.
Springs Valley Bank is a member of FDIC and is an Equal Housing Lender.
SOURCE: SVB&T Corporation
View source version on accesswire.com:
https://www.accesswire.com/648249/SVBT-Corporation-Parent-Company-of-Springs-Valley-Bank-Trust-Company-Declares-Quarterly-Dividend
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