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ACCESS Newswire·

SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Reports 2026 Third Quarter and Year to Date Earnings

SVBT
  • SVB&T Corporation reported 2026 third quarter net income of $3.39 million, or $3.07 basic EPS, representing a 30.64% increase over the prior year period.
  • Return on average assets (ROAA) for the quarter reached 2.02%, up from 1.64% in the same period of 2025.
  • Net interest income before provision expense totaled $6.25 million, driven by increased loan balances, higher interest rates, asset repricing, and new originations, while interest expense decreased due to lower deposit rates following Federal Reserve rate reductions.
  • Noninterest income rose approximately $617,000 to $3.20 million, primarily attributed to growth in the Financial Advisory Group, sold mortgages, and mortgage servicing fee adjustments.
  • Noninterest expense increased $218,000 to $5.31 million, largely due to higher general operating expenses, salaries, health insurance costs, and core processing expenditures.
  • Year-to-date earnings for the nine months ended September 30, 2026, were $9.41 million, or $8.54 basic EPS, marking a 37.52% increase with a YTD ROAA of 1.91%.
  • Total assets increased $35.16 million to $678.64 million, with total loans before allowance growing $28.39 million to $522.48 million, primarily in commercial real estate.
  • Total deposits rose $30.04 million to $592.49 million, driven by a $27.03 million increase in noninterest-bearing deposits from small business DDA growth.
  • Book value per share increased 12.03% to $72.09 as of September 30, 2026, while the stock closed at $72.99 on the OTCQX exchange.
  • The Corporation's share repurchase program authorized up to $1.00 million has seen 2,100 shares repurchased at an average price of $47.03 as of the end of the third quarter.
  • The allowance for credit losses as a percentage of total loans was 1.49% at September 30, 2026, compared to 1.37% at December 31, 2025.
Company
SVB&T Corp.
Keywords
Banking & Financial Services, Earnings