SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Reports 2026 Third Quarter and Year to Date Earnings
Key Highlights
- ➤Q3 net income $3.39 million, basic EPS $3.07, up 30.64% year over year
- ➤Nine-month net income $9.41 million, basic EPS $8.54, up 37.52%
- ➤Q3 net interest income rose to $6.25 million from $5.35 million
- ➤Total assets increased $35.16 million to $678.64 million by September 30
- ➤Total loans rose $28.39 million to $522.48 million, primarily in commercial real estate
Expert Statements
J. Craig Buse, President and CEO of SVB&T Corporation
“2026 is trending to be the best year of earnings and profitability in the history of SVB&T Corporation.”
J. Craig Buse, President and CEO of SVB&T Corporation
“Increased earnings from net interest margin, the Financial Advisory Group, and sold mortgages continue to be substantive drivers of 2026 performance.”
J. Craig Buse, President and CEO of SVB&T Corporation
“We are beginning to see net interest margin plateau in the third quarter of 2026 as expected future rate increases and geopolitical events are affecting both long and short term rates.”
J. Craig Buse, President and CEO of SVB&T Corporation
“Overall, the Bank continues to focus on quality in the credit portfolio and low cost core deposit growth, which we believe are all fundamental drivers of the long term profitability of SVB&T.”
JASPER, IN / ACCESS Newswire / November 12, 2026 / SVB&T Corporation (OTCQX:SVBT), parent company of Springs Valley Bank & Trust Company, today announced 2026 third quarter unaudited earnings of $3.39 million or $3.07 basic earnings per share (EPS), a 30.64% increase over the same prior year period earnings on a per share basis. This 2026 third quarter performance translates to a return on average assets (ROAA) of 2.02%, compared to the same prior year period ROAA of 1.64%.
Net interest income before provision expense for the third quarter ended September 30, 2026 was $6.25 million compared to $5.35 million for the same period in 2025. Interest income increased $706,000 compared to the prior year third quarter, primarily due to increased loan balances as well as higher interest rates on loans resulting from a combination of assets repricing higher and new originations at interest rates higher than the Bank's historical average loan portfolio rate. Interest expense decreased $194,000 compared to the same prior year quarter, due largely to lower rates on deposits resulting from the Federal Reserve's federal funds rate reductions in the latter half of 2025. Provision expense decreased $83,000 compared to the prior year third quarter. Additionally, noninterest income increased approximately $617,000 to $3.20 million from $2.59 million. The higher income can be attributed to increased earnings, compared to the prior year third quarter, from the Financial Advisory Group, sold mortgages, and servicing fees on sold loans primarily due to mortgage servicing asset fair value adjustments. As has been in the past, noninterest income generation continues to be a strategic focus of SVB&T's by growing the Financial Advisory Group, increasing sold loan income, expanding electronic banking services, and other avenues, to continue to reduce margin dependence. Noninterest expense increased $218,000 to $5.31 million from $5.09 million, attributable to increases in general operating expenses, including salaries and core processing expenditures.
Get started
Create a free account to read the full story.