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SVB&T CORP - SVBT STOCK NEWS

Welcome to our dedicated page for SVB&T news (Ticker: SVBT), a resource for investors and traders seeking the latest updates and insights on SVB&T stock.

SVB&T Corporation (SVBT) is the parent company of Springs Valley Bank & Trust Company. In the second quarter of 2023, the company reported unaudited earnings of $1.48 million or $1.35 EPS, with a return on average assets (ROAA) of 1.01%.

The corporation declared a quarterly dividend of $0.18 per share, representing a 12.50% annualized increase compared to 2022. Net interest income before provision expense increased to $4.47 million due to higher loan balances and interest rates. The company's book value per share stands at $52.37 as of June 30, 2023, a 9.47% increase.

Total assets have grown to $608.76 million, with total loans before allowance at $469.86 million. SVB&T continues strategic loan growth to balance funding needs amid the rising interest rate environment. The company is committed to noninterest income generation through its Financial Advisory Group, sold loan income, and electronic banking services.

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SVB&T Corporation announces share repurchase plan
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SVB&T Corporation (OTCQX:SVBT) reported unaudited fourth quarter earnings for 2022 of $1.43 million, or $1.30 EPS, representing a 17.12% increase year-over-year. The return on average assets stood at 1.06%, up from 0.98% a year earlier. A quarterly dividend of $0.18 was declared, reflecting a 12.50% annualized increase. Net interest income for Q4 was $4.87 million, a rise from $4.73 million the previous year, driven by increased loan balances amid a higher rate environment. Total assets grew by $70.47 million to $560.57 million, and total loans increased by $65.82 million. YTD earnings were $6.35 million, down 13.73% from 2021, amidst rising interest expenses.

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SVB&T Corporation (OTCQX:SVBT) reported Q3 2022 earnings of $1.62 million, down 15.52% year-over-year, translating to $1.47 per share. Return on average assets (ROAA) decreased to 1.23%. This decline is mainly due to the cessation of the SBA's Paycheck Protection Program and rising interest rates affecting mortgage lending. Total assets grew to $522.14 million, while total loans increased to $425.05 million. The Board declared a quarterly dividend of $0.16 per share, reflecting an 18.52% annualized increase. Noninterest expenses rose significantly, impacting net earnings.

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SVB&T Corporation (OTCQX:SVBT) reported unaudited second quarter earnings of $1.52 million or $1.38 EPS, reflecting a 24.59% drop from the previous year's quarter. The return on average assets (ROAA) decreased to 1.16% compared to 1.61% in Q2 2021. The decline is linked to the end of the SBA's Paycheck Protection Program and rising interest rates affecting mortgage lending. Total assets rose to $519.12 million, while loans increased to $414.82 million. The Board declared a quarterly dividend of $0.16 per share, an 18.52% annualized increase from 2021.

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SVB&T Corporation has appointed J. Craig Buse as a Board Director for both the corporation and Springs Valley Bank & Trust Company, effective May 18, 2022. This move is part of the formal succession plan as President & CEO Jamie Shinabarger prepares for retirement at the end of 2024. Buse, who joined Springs Valley in 2002, brings over two decades of banking experience and will help oversee policy establishment and annual budget approvals. His accolades include the Rising Star award and recognition as one of Banking Exchange's 20 Under 40.

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SVB&T Corporation (OTCQX:SVBT) announced a quarterly dividend of $0.16 per share, to be paid on or about July 15, 2022, for shareholders of record as of June 15, 2022. This dividend reflects an 18.52% annualized increase compared to the previous fiscal year, adjusted for the recent stock split.

The company operates Springs Valley Bank & Trust Company, offering a variety of financial services in multiple counties.

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SVB&T Corporation (OTCQX:SVBT) reported first-quarter 2022 unaudited earnings of $1.79 million, translating to earnings per share (EPS) of $1.63, marking an 18.50% decrease from the prior year. The return on average assets (ROAA) stood at 1.42%, down from 1.79% year-over-year. Net interest income fell to $4.43 million, while noninterest income rose to $2.39 million. Total assets increased to $515.80 million, with total loans reaching $399.90 million. The corporation completed a 2-for-1 stock split to boost stock liquidity. CEO Jamie Shinabarger emphasized focus on managing the balance sheet amid rising interest rates.

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FAQ

What is the current stock price of SVB&T (SVBT)?

The current stock price of SVB&T (SVBT) is $42.25 as of December 20, 2024.

What is the market cap of SVB&T (SVBT)?

The market cap of SVB&T (SVBT) is approximately 46.6M.

What were SVB&T Corporation's unaudited earnings in Q2 2023?

SVB&T Corporation reported unaudited earnings of $1.48 million or $1.35 EPS in the second quarter of 2023.

What was SVB&T Corporation's return on average assets (ROAA) in Q2 2023?

In Q2 2023, SVB&T Corporation recorded a return on average assets (ROAA) of 1.01%.

What was the annualized increase in SVB&T Corporation's quarterly dividend in 2023?

The quarterly dividend declared by SVB&T Corporation in 2023 represented a 12.50% annualized increase.

How much did SVB&T Corporation's book value per share increase by June 30, 2023?

SVB&T Corporation's book value per share rose to $52.37 as of June 30, 2023, showing a 9.47% increase.

What were SVB&T Corporation's total assets on June 30, 2023?

SVB&T Corporation's total assets reached $608.76 million on June 30, 2023.

What is SVB&T Corporation's strategic focus on noninterest income generation?

SVB&T Corporation focuses on noninterest income generation through its Financial Advisory Group, sold loan income, and electronic banking services.

How does SVB&T Corporation manage loan growth amid the rising interest rate environment?

SVB&T Corporation strategically manages loan growth to balance funding needs in the rising interest rate environment.

Where can I find more information about SVB&T Corporation?

More information about SVB&T Corporation can be found online at www.svbt.bank.

What is the trading symbol for SVB&T Corporation on the OTCQX exchange?

SVB&T Corporation's stock is traded under the ticker symbol SVBT on the OTCQX trading platform.

When is SVB&T Corporation's quarterly dividend payable?

SVB&T Corporation's quarterly dividend of $0.18 per share is payable on or about October 16, 2023.

How does SVB&T Corporation manage loan growth?

SVB&T Corporation manages loan growth strategically to balance funding needs amid the rising interest rate environment.

SVB&T CORP

OTC:SVBT

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46.58M
1.10M
Banks - Regional
Financial Services
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United States of America
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