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

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.

Quarter over trailing quarter earnings increased approximately $352,000 or 11.58%. The earnings increase was largely driven by higher net interest income and Financial Advisory Group income, as well as lower health insurance expenditures in the third quarter of 2026.

SVB&T Corporation book value has increased from $64.35 per share as of September 30, 2025, to $72.09 as of September 30, 2026, a 12.03% increase. SVB&T Corporation stock closed at $72.99 per share on the OTCQX exchange on September 30, 2026. In May of 2025, the Corporation’s Board of Directors reauthorized a share repurchase program through June 1, 2027. Under the program, the Corporation is authorized to repurchase, from time to time as the Corporation deems appropriate, shares of SVB&T Corporation’s common stock with an aggregate purchase price of up to $1.00 million. As of the end of the third quarter of 2026, 2,100 shares have been repurchased under the reapproved plan, with an average purchase price of $47.03.

Total assets increased $35.16 million to $678.64 million on September 30, 2026, compared to December 31, 2025 assets of $643.48 million. Total loans before allowance increased $28.39 million to $522.48 million on September 30, 2026, from $494.09 million on December 31, 2025. The growth in loans in 2026 occurred primarily in commercial real estate. Springs Valley has experienced healthy loan demand in 2026; however, the Bank is strategically preserving liquidity for high quality credits, as well as managing loan growth to alleviate some of the pressure on the funding side of the balance sheet as cost of funds remain elevated. Allowance as a percent of total loans was 1.49% as of September 30, 2026, compared to 1.37% as of December 31, 2025. Total deposits increased $30.04 million to $592.49 million on September 30, 2026, from $562.45 million on December 31, 2025. Noninterest-bearing deposits increased by approximately $27.03 million, driven primarily by growth in small business DDA’s, while interest-bearing deposits increased by approximately $3.01 million. Core deposit growth continues to be a strategic focus of Springs Valley’s as it is a critical component in generating sustainable, long-term profitability for the institution.

Year to date (YTD) unaudited earnings for the nine months ended September 30, 2026 was $9.41 million or $8.54 basic EPS, a 37.52% increase over the same prior year period earnings on a per share basis. This YTD performance translates to a ROAA of 1.91%, compared to the same prior year period ROAA of 1.43%.

Net interest income before provision expense for the nine months ended September 30, 2026 was $18.04 million compared to $15.17 million for the same period in 2025, an increase of $2.87 million. Interest income increased approximately $1.64 million compared to the same prior year period, due to higher loan balances and increased interest rates on loans resulting from the rate environment and assets repricing higher. Additionally, interest expense decreased by $1.23 million over the same period, due largely to lower rates on deposits resulting from the Federal Reserve’s federal funds rate reductions in the latter half of 2025. YTD provision expense increased by $142,000, compared to the same prior year period. Noninterest income increased $1.61 million to $9.20 million YTD September 2026 from $7.59 million for the same period in 2025. The largest contributing factors to the favorable variance were increased servicing income from sold loans including accompanying fair value adjustments on the Bank’s mortgage servicing asset, Financial Advisory Group income, and sold mortgage income. Growing noninterest income to reduce margin dependence continues to be a strategic focus of Springs Valley Bank & Trust. Noninterest expense increased $877,000 to $15.54 million YTD September 2026 from $14.66 million for the same period in 2025. This expense increase was largely driven by higher general operating expenses, the largest of which being increased salary expense, health insurance claims, and core processing expenditures.

President and CEO, J. Craig Buse, commented, “2026 is trending to be the best year of earnings and profitability in the history 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. 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. 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.”

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For more information contact: Ryan Heim, Treasurer & CFO, SVB&T Corporation, at 812.634.4889 or rheim@svbt.bank.

SVB&T Corporation is headquartered at 8482 West State Road 56, French Lick, Indiana 47432 with administrative offices at 1500 Main Street, Jasper, Indiana 47546. Its subsidiary, Springs Valley Bank & Trust Company, has locations in Dubois, Daviess, Gibson, and Orange Counties, offering full-service bank and financial services. Springs Valley has products and services for all types of families and businesses, including checking and savings accounts, certificates of deposit, electronic services, online consumer and mortgage applications, and a variety of other loan options. Springs Valley Bank is a member of FDIC and is an Equal Housing Lender.

In addition, the company has a full-service financial advisory group managed by experienced, talented professionals specializing in estate planning, tax planning, and wealth management. Investment services are also offered by a licensed, professional Springs Valley representative. Trust and investment products are not deposits; not insured by the FDIC; not a deposit or other obligation of, or guaranteed by, the depository institution; not insured by any Federal Government Agency; and may lose value – subject to investment risks, including possible loss of the principal amount invested.

More information can be found online at www.svbt.bank. The Corporation’s stock is traded on the OTCQX trading platform under ticker symbol SVBT (www.otcmarkets.com).

Information conveyed in this press release regarding SVB&T Corporation’s and its subsidiaries’ anticipated future performance is forward-looking and therefore involves risks and uncertainties that could cause the results or developments to differ significantly from those indicated in these statements. These risks and uncertainties include, but are not limited to, risks and uncertainties inherent in general and local banking, as well as mortgage conditions, competitive factors specific to markets in which the company and its subsidiaries operate, future interest rate levels, changes in local real estate markets, legislative and regulatory decisions, capital market conditions, and/or other factors.

SOURCE: SVB&T Corp.

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