SVB&T Corporation, parent company of Springs Valley Bank & Trust Company, reports on 2015 earnings

SVB&T Corporation, parent company of Springs Valley Bank & Trust Company, announced annual unaudited earnings of $2.6 Million (or $4.58 earnings per share), which compares favorably in total dollars to $2.5 Million in 2014, $2.4 Million in 2013, and $2.3 Million in 2012.

This translates to a Return on Average Assets (ROAA) of 0.89%.

Total assets increased $48 Million to $321 Million at December 31, 2015 compared to December 31, 2014 assets of $273 Million. Total deposits increased $29 Million to $240 Million at December 31, 2015, from $211 Million at December 31, 2014.

SVB&T Corporation paid a dividend for the year ending 2015 of $0.65 per share, representing a 1.55% yield based upon the December 31, 2014 year-end stock value of $42.00.  

The corporation contracted an independent third party for a year-end stock valuation report and the results were a very encouraging 19.05% increase from $42.00 per share to $50.00 per share or 86.57% of book value (a substantial increase from last year’s 78.11% of book value). Adding the stock value increase with the dividend equates to a total Return on Investment (ROI) of 20.60%.

SVB&T Corporation has recorded five (5) consecutive years of financial performance with an average ROAA of 0.91%. This is approximately 154% of its 20 year historical average ROAA performance, ending in 2010 with an ROAA of 0.59%.

“The Directors, officers and employees of Springs Valley Bank & Trust Company remain committed to sustained financial performance, ever-increasing core franchise value, and as a consequence of these two key elements, a more robust demand for SVB&T Corporation shares,” stated Jamie Shinabarger, President & CEO.