SVB & T Corp - SVBT STOCK NEWS

SVB&T (OTCQX:SVBT) reported Q3 2024 unaudited earnings of $1.71 million or $1.56 EPS, showing a 6.12% increase year-over-year on a per share basis. The company maintained a Return on Average Assets (ROAA) of 1.11%. Net interest income was $4.34 million, slightly down from $4.39 million in Q3 2023. Total assets increased to $622.09 million, with total loans reaching $488.61 million. Book value per share grew 13.04% to $58.77. Year-to-date earnings reached $4.81 million or $4.38 EPS, representing a 5.54% increase over the same period last year.

SVB&T (OTCQX:SVBT), the parent company of Springs Valley Bank & Trust Company, has declared a quarterly dividend of $0.20 per share on its common stock. This dividend is payable on or about January 15, 2025, to shareholders of record as of December 16, 2024. Notably, this represents an 11.11% annualized increase over the total dividend declared for the 2023 fiscal year.

Springs Valley Bank & Trust Company offers a wide range of financial services, including checking and savings accounts, certificates of deposit, and various loan options. The company also provides financial advisory services, specializing in estate planning, tax planning, and wealth management.

SVB&T (OTCQX:SVBT) reported Q2 2024 unaudited earnings of $1.70 million or $1.55 EPS, a 14.81% increase year-over-year. The company's Board declared a quarterly dividend of $0.20 per share, an 11.11% annualized increase over 2023. Key financial highlights include:

- Net interest income before provision: $4.07 million (down from $4.47 million in Q2 2023)
- Noninterest income: $2.84 million (up from $1.92 million in Q2 2023)
- Total assets: $622.33 million (up $8.78 million from December 31, 2023)
- Total loans: $486.58 million (up $2.98 million from December 31, 2023)
- Total deposits: $535.17 million (up $1.71 million from December 31, 2023)

The company's YTD earnings for the six months ended June 30, 2024, were $3.10 million or $2.82 EPS, a 5.62% increase year-over-year.

SVB&T (OTCQX:SVBT), the parent company of Springs Valley Bank & Trust Company, announced a quarterly dividend of $0.20 per share of its common stock. This dividend will be payable on or about July 15, 2024, to shareholders of record as of June 14, 2024. The dividend represents an 11.11% annualized increase over the total dividend declared for the 2023 fiscal year. Springs Valley Bank & Trust Company serves Dubois, Daviess, Gibson, and Orange Counties with full-service banking and financial services, including checking and savings accounts, loans, and investment services. The bank is FDIC insured and an Equal Housing Lender.

SVB&T , parent company of Springs Valley Bank & Trust Company, reported 2024 first quarter earnings of $1.40 million, with a decrease in EPS compared to the prior year. Net interest income decreased, while noninterest income and expenses increased. Book value and stock price increased, with shares being repurchased. Total assets, loans, and deposits decreased, with a focus on core deposit growth. Management remains optimistic despite external challenges.

SVB&T Corporation (SVBT) reports a 23.85% decrease in EPS for Q4 2023, with unaudited earnings of $1.09 million. The return on average assets (ROAA) dropped to 0.73% from 1.06% in the same period last year. The Board of Directors declared a quarterly dividend of $0.20 per share.

SVB&T Corporation (SVBT) Reports 2023 Third Quarter Earnings: SVB&T Corporation, parent company of Springs Valley Bank & Trust Company, announced unaudited earnings of $1.62 million or $1.47 earnings per share (EPS) in the third quarter of 2023, which is the same as the prior year period. The return on average assets (ROAA) was 1.11%, compared to 1.23% in the same prior year period. Net interest income before provision expense was $4.39 million, down from $4.87 million in 2022. Noninterest income increased to $2.38 million, and noninterest expense decreased to $4.71 million. Total assets increased to $583.38 million, and total loans before allowance increased to $474.29 million. Year-to-date earnings were $4.56 million or $4.15 EPS, reflecting a 7.16% decrease compared to the same prior year period.

SVB&T Corporation declares quarterly dividend of $0.18 per share, representing a 12.50% annualized increase over the previous year.

SVB&T Corporation announces unaudited earnings of $1.48 million for Q2 2023, a 2.17% decrease from the prior year. Earnings per share (EPS) were $1.35. Return on average assets (ROAA) for the quarter was 1.01%, compared to 1.16% in the same period last year. The company declared a quarterly dividend of $0.18 per share.