SVB&T announces dividend, net income

From Local Sources

JASPER — SVB&T, parent company of Springs Valley Bank & Trust Company, announced that its board of directors declared a quarterly dividend of 26 cents per share of the corporation’s common stock, a 4% increase over 2019. The quarterly dividend is payable on or about April 15 to shareholders of record as of the close of business on March 16.

SVB&T Corporation also announced an unaudited net income for the year that ended Dec. 31 of $4.1 million or $7.25 earnings per share, a 2.03% decrease over the same period in 2018.

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