NEWS & EVENTS
“SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Named to Top 200 Banks in the Nation”
SVB&T Corporation (OTCQX: SVBT) has once again been named to American Banker magazine's Top 200 Publicly Traded Community Banks list. In its June 12, 2023 issue, American Banker ranked SVB&T Corporation 129th on its prestigious nationwide list. In 2022, the corporation ranked 132nd; in 2021, the corporation ranked 182nd; in 2020, the corporation ranked 153rd; and in 2019, the corporation ranked 102nd.
“Springs Valley is honored and humbled by our selection for the past five consecutive years as one of the top 200 banks as defined by the American Banker,” said Jamie Shinabarger, CEO. “We have been able to consistently provide our shareholders the benefit of both safety and return, given the combination of our 9.85% year-end capital ratio with our 11.85% ROAE (up 80 basis points from last year). This makes achieving the Top 200 list even more impressive,” Shinabarger concluded.
The study examined well-capitalized publicly traded banks and thrifts with $2 billion or less in assets (source: Capital Performance Group). Rankings are determined by each institution's return on average equity (ROAE)—a measure of profitability widely used by investors to analyze business performance.
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