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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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SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Reports 2020 Fourth Quarter and Annual Earnings

(1)
JASPER, IN / ACCESSWIRE / February 1, 2021 / SVB&T Corporation (OTCQX:SVBT), parent company of Springs Valley Bank & Trust Company, today announced near-record 2020 fourth quarter unaudited earnings of $1.4 million or $2.44 earnings per share (EPS), a 24.49% increase over the same prior-year period earnings on a per-share basis. This fourth quarter 2020 performance translates to a return on average assets (ROAA) of 1.10%, compared to the same prior-year period of 0.96%.
Net interest income before provision expense for the fourth quarter ended December 31, 2020 was $4.7 million compared to $3.8 million for the same period in 2019, an increase of $926,000. This increase can primarily be attributed to growth in earning assets over the prior year, including Paycheck Protection Program (PPP) loans, and reduced funding costs of both deposits and borrowings resulting from the reduced rate environment after the Fed s 150 basis point reduction to the federal funds rate in March ....

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