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SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Reports 2021 First Quarter Record Earnings

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JASPER, IN / ACCESSWIRE / April 30, 2021 / SVB&T Corporation (OTCQX:SVBT), parent company of Springs Valley Bank & Trust Company, today announced 2021 first quarter unaudited record earnings of $2.2 million or $4.01 earnings per share (EPS), a 174.66% increase over the same prior year period earnings on a per share basis. This first quarter 2021 performance translates to a return on average assets (ROAA) of 1.79%, compared to the same prior year period of 0.72%.
Net interest income before provision expense for the first quarter ended March 31, 2021 was $4.6 million compared to $3.6 million for the same period in 2020, an increase of $987,000. This increase can primarily be attributed to growth in earning assets over the prior year, including Paycheck Protection Program (PPP) loans and the associated origination fees, and, to an even greater degree, reduced funding costs of both deposits and borrowings resulting from the reduced rate environment subsequent to the Fed ....

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SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Reports 2021 First Quarter Record Earnings

SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Reports 2021 First Quarter Record Earnings
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SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Names James G. McDonald III to the Board of Directors

SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Names James G. McDonald III to the Board of Directors
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SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Names James G. McDonald III to the Board of Directors

SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Names James G. McDonald III to the Board of Directors
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SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Names James G. McDonald III to the Board of Directors

SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Names James G. McDonald III to the Board of Directors
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

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