SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Reports 2025 Third Quarter and Year to Date Earnings
Rhea-AI Summary
SVB&T Corporation (OTCQX:SVBT) reported unaudited Q3 2025 net income of $2.59M or $2.35 EPS, a 50.64% increase in EPS versus Q3 2024, and ROAA of 1.64% versus 1.11% a year earlier. Net interest income before provision for Q3 was $5.35M, driven by higher loan yields and lower deposit costs.
YTD through September 30, 2025, net income was $6.83M or $6.21 EPS, with net interest income YTD of $15.17M. Book value per share rose to $64.35. The board reauthorized a share repurchase program of up to $1.0M; 2,100 shares repurchased YTD at an average $47.03.
Positive
- Q3 2025 EPS of $2.35 (+50.64% YoY)
- Q3 ROAA 1.64% versus 1.11% a year earlier
- Q3 net interest income $5.35M versus $4.34M in Q3 2024
- Book value per share $64.35, +9.49% YoY
- Board authorized $1.0M share repurchase; 2,100 shares bought at $47.03 average
Negative
- Total deposits down $6.05M since Dec 31, 2024
- Total loans before allowance down $2.08M since Dec 31, 2024
- Noninterest income down $36K in Q3 and $165K YTD versus prior year
- Provision for credit losses increased by $116K in Q3 2025 versus Q3 2024
News Market Reaction – SVBT
In the trading session that priced this news, SVBT gained 0.05%, 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 / November 10, 2025 / SVB&T Corporation (OTCQX:SVBT), parent company of Springs Valley Bank & Trust Company, today announced 2025 third quarter unaudited earnings of
Net interest income before provision expense for the third quarter ended September 30, 2025 was
Quarter over trailing quarter earnings increased approximately
SVB&T Corporation book value has increased from
Total assets decreased
Year to date (YTD) unaudited earnings for the nine months ended September 30, 2025 was
Net interest income before provision expense for the nine months ended September 30, 2025 was
President and CEO, J. Craig Buse, commented, "2025 is trending to be one of the best years in terms of earnings and profitability in the Bank's history. Margin expansion has been a substantive tailwind driving net interest income higher with both yields on assets rising while cost of funds are decreasing due to a combination of the rate environment and the repricing structure of our assets. We have seen net interest margin (NIM) expansion of roughly 58 basis points when comparing the 2025 third quarter NIM to the third quarter NIM of 2024. The Bank continues to focus on quality in the credit portfolio, bolstering liquidity, and low cost core deposit growth. Overall, our strategic focus has not changed. Springs Valley continues to focus on relationship-oriented community banking to provide year-over-year financial performance for all stakeholders."
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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 | |||||||||||
30-Sep | 31-Dec | |||||||||||
2025 | 2024 | 2024 | ||||||||||
Assets | ||||||||||||
Cash and due from banks | $ | 18,960 | $ | 16,174 | $ | 18,559 | ||||||
Interest-bearing time deposits | 0 | 0 | 0 | |||||||||
Fed funds sold | 40,445 | 22,236 | 45,770 | |||||||||
Available for sale securities | 69,546 | 66,753 | 65,594 | |||||||||
Other investments | 2,517 | 2,517 | 2,517 | |||||||||
Loans held for sale | 552 | 3,175 | 1,222 | |||||||||
Loans net of allowance for credit losses | 470,230 | 478,555 | 471,398 | |||||||||
Premises and equipment | 5,910 | 6,092 | 6,016 | |||||||||
Bank-owned life insurance | 10,702 | 10,669 | 10,549 | |||||||||
Accrued interest receivable | 3,842 | 3,748 | 3,398 | |||||||||
Foreclosed assets held for sale | 157 | 49 | 49 | |||||||||
Mortgage servicing rights | 2,431 | 2,367 | 2,489 | |||||||||
Lender risk account (FHLBI) | 1,710 | 1,621 | 1,666 | |||||||||
Other assets | 8,230 | 8,131 | 8,583 | |||||||||
Total assets | $ | 635,232 | $ | 622,087 | $ | 637,810 | ||||||
Liabilities and Stockholders' Equity | ||||||||||||
Noninterest-bearing deposits | 87,719 | 84,947 | 88,021 | |||||||||
Interest-bearing deposits | 469,309 | 464,037 | 475,057 | |||||||||
Borrowed funds | 0 | 0 | 0 | |||||||||
Subordinated debentures | 0 | 0 | 0 | |||||||||
Accrued interest payable and other liabilities | 7,457 | 8,690 | 9,918 | |||||||||
Total liabilities | $ | 564,485 | $ | 557,674 | $ | 572,996 | ||||||
Stockholders' equity | 70,747 | 64,413 | 64,814 | |||||||||
Total liabilities and stockholders' equity | $ | 635,232 | $ | 622,087 | $ | 637,810 | ||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
30-Sep | 30-Sep | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Operating Data: | ||||||||||||||||
Interest and dividend income | $ | 8,994 | $ | 8,623 | $ | 26,517 | $ | 25,018 | ||||||||
Interest expense | 3,647 | 4,283 | 11,346 | 12,547 | ||||||||||||
Net interest income | $ | 5,347 | $ | 4,340 | $ | 15,171 | $ | 12,471 | ||||||||
Provision for credit losses | 128 | 12 | 259 | 106 | ||||||||||||
Net interest income after provision for credit losses | $ | 5,219 | $ | 4,328 | $ | 14,912 | $ | 12,365 | ||||||||
Fiduciary activities | 1,434 | 1,291 | 4,167 | 3,744 | ||||||||||||
Customer service fees | 258 | 259 | 737 | 737 | ||||||||||||
Increase in cash surrender value of life insurance | 50 | 52 | 153 | 155 | ||||||||||||
Net gain/(loss) on loan sales | 350 | 346 | 921 | 807 | ||||||||||||
Realized gain/(loss) on securities | 0 | 0 | 0 | 0 | ||||||||||||
Other income | 494 | 674 | 1,612 | 2,312 | ||||||||||||
Total noninterest income | $ | 2,586 | $ | 2,622 | $ | 7,590 | $ | 7,755 | ||||||||
Salary and employee benefits | 2,929 | 3,053 | 8,568 | 8,969 | ||||||||||||
Premises and equipment | 597 | 540 | 1,727 | 1,632 | ||||||||||||
Data processing | 593 | 567 | 1,609 | 1,484 | ||||||||||||
Deposit insurance premium | 75 | 68 | 213 | 203 | ||||||||||||
Professional fees | 179 | 163 | 561 | 526 | ||||||||||||
Other expenses | 722 | 609 | 1,984 | 1,787 | ||||||||||||
Total noninterest expense | $ | 5,095 | $ | 5,000 | $ | 14,662 | $ | 14,601 | ||||||||
Income before taxes | 2,710 | 1,950 | 7,840 | 5,519 | ||||||||||||
Income tax expense | 118 | 239 | 1,014 | 712 | ||||||||||||
Net income | $ | 2,592 | $ | 1,711 | $ | 6,826 | $ | 4,807 | ||||||||
Shares outstanding | 1,099,358 | 1,095,956 | 1,099,358 | 1,095,956 | ||||||||||||
Average shares - basic | 1,100,842 | 1,095,956 | 1,100,021 | 1,096,779 | ||||||||||||
Average shares - diluted | 1,100,842 | 1,095,956 | 1,100,021 | 1,096,779 | ||||||||||||
Basic earnings per share | $ | 2.35 | $ | 1.56 | $ | 6.21 | $ | 4.38 | ||||||||
Diluted earnings per share | $ | 2.35 | $ | 1.56 | $ | 6.21 | $ | 4.38 | ||||||||
Other Data: | ||||||||||||||||
Yield on average assets | 5.68 | % | 5.61 | % | 5.56 | % | 5.48 | % | ||||||||
Cost on average assets | 2.30 | % | 2.79 | % | 2.38 | % | 2.75 | % | ||||||||
Interest rate spread | 3.38 | % | 2.82 | % | 3.18 | % | 2.73 | % | ||||||||
Net interest margin | 3.48 | % | 2.90 | % | 3.30 | % | 2.82 | % | ||||||||
Number of full service banking centers | 6 | 6 | 6 | 6 | ||||||||||||
Return on average assets | 1.64 | % | 1.11 | % | 1.43 | % | 1.05 | % | ||||||||
Average assets | $ | 633,690 | $ | 615,020 | $ | 636,456 | $ | 608,488 | ||||||||
Return on average equity | 15.35 | % | 10.90 | % | 13.75 | % | 10.45 | % | ||||||||
Average equity | $ | 67,531 | $ | 62,801 | $ | 66,209 | $ | 61,310 | ||||||||
Equity to assets ratio (EOP) | 11.14 | % | 10.35 | % | 11.14 | % | 10.35 | % | ||||||||
Average total deposits | $ | 558,556 | $ | 540,095 | $ | 562,136 | $ | 530,555 | ||||||||
Loans past due 30 to 89 days (still accruing) | $ | 2,066 | $ | 1,819 | $ | 2,066 | $ | 1,819 | ||||||||
Loans past due 90 days or more (still accruing) | $ | 609 | $ | 66 | $ | 609 | $ | 66 | ||||||||
Nonaccrual loans | $ | 584 | $ | 1,489 | $ | 584 | $ | 1,489 | ||||||||
Book value per share | $ | 64.35 | $ | 58.77 | $ | 64.35 | $ | 58.77 | ||||||||
Market value per share - end of period close | $ | 47.50 | $ | 42.20 | $ | 47.50 | $ | 42.20 | ||||||||
SOURCE: SVB&T Corp.
View the original press release on ACCESS Newswire