SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Reports 2026 First Quarter Earnings
Rhea-AI Summary
SVB&T Corporation (OTCQX:SVBT) reported unaudited Q1 2026 net income of $2.99 million and basic EPS of $2.71, a 41.88% increase year-over-year. Return on average assets was 1.86%. Net interest income before provision rose to $5.92 million.
Book value per share increased to $69.78 and the company repurchased 2,100 shares under a reauthorized $1.0 million program.
Positive
- EPS +41.88% YoY to $2.71
- Net income $2.99M for Q1 2026
- Net interest income +25.9% YoY to $5.92M
- Book value per share +16.18% to $69.78
- Equity to assets ratio 11.98% (EOP)
Negative
- Provision for credit losses increased from $0.10M to $0.28M
- Interest-bearing deposits decreased by $6.18M quarter-to-date
- Loans past due 90+ days rose from $72K to $133K
News Market Reaction – SVBT
In the May 5 session, SVBT gained 1.52%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
JASPER, IN / ACCESS Newswire / April 30, 2026 / SVB&T Corporation (OTCQX:SVBT), parent company of Springs Valley Bank & Trust Company, today announced 2026 first quarter unaudited earnings of
Net interest income before provision expense for the first quarter ended March 31, 2026 was
Quarter over trailing quarter earnings increased approximately
SVB&T Corporation book value has increased from
Total assets decreased
President and CEO, J. Craig Buse, commented, "2025 was one of the best years in the history of SVB&T Corporation in terms of earnings, and the first quarter of 2026 is continuing that trend with very solid earnings and profitability metrics. Margin expansion was a substantive tailwind in 2025, driving net interest income higher, and it continues to do so in 2026 as well. We do expect our net interest margin improvement to plateau in the near future as federal funds rate reduction expectations in 2026 have been pushed into 2027, and the asset repricing cycle from 2020 and 2021 interest rate lows is coming to an end. That said, the Bank continues to focus on quality in the credit portfolio, bolstering liquidity, and low cost core deposit growth, which we believe are all fundamental drivers of the long term profitability of SVB&T."
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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 | |||||||||||
2026 | 2025 | 2025 | ||||||||||
Assets | ||||||||||||
Cash and due from banks | $ | 17,647 | $ | 19,488 | $ | 16,516 | ||||||
Interest-bearing time deposits | 0 | 0 | 0 | |||||||||
Fed funds sold | 15,774 | 52,905 | 33,245 | |||||||||
Available for sale securities | 73,233 | 66,197 | 71,756 | |||||||||
Other investments | 2,517 | 2,517 | 2,517 | |||||||||
Loans held for sale | 1,880 | 1,232 | 875 | |||||||||
Loans net of allowance for credit losses | 500,291 | 461,210 | 486,472 | |||||||||
Premises and equipment | 5,684 | 5,902 | 5,859 | |||||||||
Bank-owned life insurance | 10,802 | 10,601 | 10,753 | |||||||||
Accrued interest receivable | 3,610 | 3,316 | 3,392 | |||||||||
Foreclosed assets held for sale | 37 | 309 | 37 | |||||||||
Mortgage servicing rights | 2,428 | 2,549 | 2,329 | |||||||||
Lender risk account (FHLBI) | 1,704 | 1,693 | 1,738 | |||||||||
Other assets | 7,162 | 8,632 | 7,986 | |||||||||
Total assets | $ | 642,769 | $ | 636,551 | $ | 643,475 | ||||||
Liabilities and Stockholders' Equity | ||||||||||||
Noninterest-bearing deposits | 92,460 | 91,656 | 88,903 | |||||||||
Interest-bearing deposits | 467,371 | 470,666 | 473,550 | |||||||||
Borrowed funds | 0 | 0 | 0 | |||||||||
Subordinated debentures | 0 | 0 | 0 | |||||||||
Accrued interest payable and other liabilities | 5,959 | 8,077 | 7,273 | |||||||||
Total liabilities | $ | 565,790 | $ | 570,399 | $ | 569,726 | ||||||
Stockholders' equity | 76,979 | 66,152 | 73,749 | |||||||||
Total liabilities and stockholders' equity | $ | 642,769 | $ | 636,551 | $ | 643,475 | ||||||
Three Months Ended | ||||||||||||
31-Mar | ||||||||||||
2026 | 2025 | |||||||||||
Operating Data: | ||||||||||||
Interest and dividend income | $ | 9,081 | $ | 8,615 | ||||||||
Interest expense | 3,162 | 3,915 | ||||||||||
Net interest income | $ | 5,919 | $ | 4,700 | ||||||||
Provision for credit losses | 278 | 103 | ||||||||||
Net interest income after provision for credit losses | $ | 5,641 | $ | 4,597 | ||||||||
Fiduciary activities | 1,612 | 1,404 | ||||||||||
Customer service fees | 218 | 230 | ||||||||||
Increase in cash surrender value of life insurance | 50 | 52 | ||||||||||
Net gain/(loss) on loan sales | 341 | 244 | ||||||||||
Realized gain/(loss) on securities | 0 | 0 | ||||||||||
Other income | 643 | 708 | ||||||||||
Total noninterest income | $ | 2,864 | $ | 2,638 | ||||||||
Salary and employee benefits | 2,853 | 2,866 | ||||||||||
Premises and equipment | 636 | 560 | ||||||||||
Data processing | 567 | 434 | ||||||||||
Deposit insurance premium | 71 | 66 | ||||||||||
Professional fees | 182 | 194 | ||||||||||
Other expenses | 626 | 580 | ||||||||||
Total noninterest expense | $ | 4,935 | $ | 4,700 | ||||||||
Income before taxes | 3,570 | 2,535 | ||||||||||
Income tax expense | 583 | 442 | ||||||||||
Net income | $ | 2,987 | $ | 2,093 | ||||||||
Shares outstanding | 1,103,149 | 1,101,458 | ||||||||||
Average shares - basic | 1,101,422 | 1,097,729 | ||||||||||
Average shares - diluted | 1,114,622 | 1,097,729 | ||||||||||
Basic earnings per share | $ | 2.71 | $ | 1.91 | ||||||||
Diluted earnings per share | $ | 2.68 | $ | 1.91 | ||||||||
Other Data: | ||||||||||||
Yield on average assets | 5.67 | % | 5.42 | % | ||||||||
Cost on average assets | 1.97 | % | 2.46 | % | ||||||||
Interest rate spread | 3.70 | % | 2.96 | % | ||||||||
Net interest margin | 3.89 | % | 3.08 | % | ||||||||
Number of full service banking centers | 6 | 6 | ||||||||||
Return on average assets | 1.86 | % | 1.32 | % | ||||||||
Average assets | $ | 640,841 | $ | 636,289 | ||||||||
Return on average equity | 15.94 | % | 12.89 | % | ||||||||
Average equity | $ | 74,967 | $ | 64,941 | ||||||||
Equity to assets ratio (EOP) | 11.98 | % | 10.39 | % | ||||||||
Average total deposits | $ | 558,759 | $ | 561,935 | ||||||||
Loans past due 30 to 89 days (still accruing) | $ | 1,324 | $ | 1,819 | ||||||||
Loans past due 90 days or more (still accruing) | $ | 133 | $ | 72 | ||||||||
Nonaccrual loans | $ | 616 | $ | 1,009 | ||||||||
Book value per share | $ | 69.78 | $ | 60.06 | ||||||||
Market value per share - end of period close | $ | 61.52 | $ | 42.92 | ||||||||
SOURCE: SVB&T Corp.
View the original press release on ACCESS Newswire