Springs Valley Bank & Trust
Jasper-based SVB&T Corporation (OTCQX: SVBT) has been named to American Banker magazine’s Top 200 Publicly Traded Community Banks in the nation. In its May 2022 issue, American Banker ranked SVB&T Corporation 132nd on its prestigious nationwide list. In 2021, the corporation ranked 182nd; in 2020, the corporation ranked 153rd; and in 2019, the corporation ranked 102nd out of 601 publicly traded community banks and thrifts with $2 billion or less in assets.
“Springs Valley is honored and humbled by our selection as one of the top 200 banks as defined by the American Banker in their May issue,” said Jamie Shinabarger, President & CEO. “We are especially proud about climbing 50 spots in the rankings, moving from 182nd in 2020 up to 132nd in 2021,” he added.
“Essentially, we have been able to provide our shareholders the benefit of both safety and return, given the combination of our 11.55% year-end capital ratio with our 11.05% ROAE (up 100 basis points from last year). This makes achieving the Top 200 list even more impressive,” Shinabarger concluded.
The study examined 438 well-capitalized publicly traded banks with $2 billion or less in assets. Rankings are determined by each institution’s return on average equity (ROAE)—a measure of profitability widely used by investors to analyze business performance.