SVB&T Corporation, the parent company of Springs Valley Bank & Trust Company, today announced annual unaudited earnings of $3 .5 Million or $6.14 earnings per share—a 15.63% increase over 2016’s earnings.
This compares favorably in total dollars to $3 million in 2016, $2.6 million in 2015, $2.5 million in 2014, and $2.4 million in 2013.
This 2017 performance translates to a return on average assets (ROAA) of 0.94 percent, with the last five years constituting record year over year net income performance and an average annual ROAA of 0.93 percent.
SVB&T Corporation paid a dividend for the year ending 2017 of $0.85 per share, representing an increase of 13.33 percent over 2016’s dividend of $0.75 per share. Book value has risen from $45.74 per share in 2012 to $66.92 per share in 2017, or 7.91 percent compounded annually. Earnings per share have increased from $3.84 in 2012 to $6.14 in 2017, or 9.84 percent compounded annually.
Total assets increased $28 million to $381 million at December 31, 2017, compared to December 31, 2016, assets of $353 million. Total deposits increased $31 million to $315 million at December 31, 2017, from $284 million at December 31, 2016.
The trends are indisputable: as earnings and performance have increased year over year, so too have the book value and earnings.
“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 and CEO.