SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, REPORTS FULL YEAR 2017 EARNINGSJanuary 31, 2018 |
SVB&T Corporation, parent company of Springs Valley Bank & Trust Company, today announced annual unaudited earnings of $3.5 Million or $6.14 earnings per share (EPS)—a 15.63% increase over 2016 EPS. This compares favorably in total dollars to $3.0 Million in 2016, $2.6 Million in 2015, $2.5 Million in 2014, and $2.4 Million in 2013. This 2017 performance translates to a return on average assets (ROAA) of 0.94%, with the last five years constituting record year over year net income performance and an average annual ROAA of 0.93%. SVB&T Corporation paid a dividend for the year ending 2017 of $0.85 per share, representing an increase of 13.33% over 2016’s dividend of $0.75 per share. Book value has risen from $45.74 per share in 2012 to $66.92 per share in 2017, or 7.91% compounded annually. Earnings per share have increased from $3.84 in 2012 to $6.14 in 2017, or 9.84% compounded annually. Total assets increased $28 Million to $381 Million at December 31, 2017 compared to December 31, 2016 assets of $353 Million. Total deposits increased $31 Million to $315 Million at December 31, 2017 from $284 Million at December 31, 2016. The trends are indisputable: as earnings and performance have increased year over year, so too have the book value and EPS. Contact InformationFor more information contact: Darrell Blocker, Senior Executive Vice President & CFO at 812.634.4803 or dblocker@svbt.com. Information conveyed in this press release regarding SVB&T Corporation 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 or capital market conditions and other factors. SVB&T Corporation through its subsidiary Springs Valley Bank & Trust Company offers full-service bank and trust services. The Bank has locations in Dubois and Orange Counties. The Bank has products and services for all types of families and businesses. Springs Valley offers a variety of checking and savings accounts, certificates of deposit, electronic services, online mortgage applications, and a variety of other loan options. In addition, the company has a full-service trust department 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. Springs Valley Bank & Trust’s online address is www.svbt.com, and phone number is 800.843.4947. Springs Valley Bank is a member of FDIC and is an Equal Housing Lender. |