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

JASPER, IN / ACCESS Newswire / August 13, 2026 / SVB&T Corporation (OTCQX:SVBT), parent company of Springs Valley Bank & Trust Company, today announced 2026 second quarter unaudited earnings of $3.04 million or $2.75 basic earnings per share (EPS), a 41.75% increase over the same prior year period earnings on a per share basis. This 2026 second quarter performance translates to a return on average assets (ROAA) of 1.84%, compared to the same prior year period ROAA of 1.34%.

Net interest income before provision expense for the second quarter ended June 30, 2026 was $5.87 million compared to $5.12 million for the same period in 2025. Interest income increased $469,000 compared to the prior year second 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 $279,000 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 increased $50,000 compared to the prior year second quarter to cover growth in the loan portfolio and higher unfunded commitment balances. Additionally, noninterest income increased approximately $763,000 to $3.13 million from $2.37 million. The higher income can be attributed to increased earnings, compared to the prior year second 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 $424,000 to $5.29 million from $4.87 million, attributable to increases in general operating expenses, including salaries, health insurance claims, and core processing expenditures.