Jasper-Based SVB&T Corp. Increases Quarterly Dividend For First Quarter of 2020

FROM LOCAL SOURCES 

JASPER -- Jasper-based SVB&T Corporation has increased its quarterly dividend for the first quarter of 2020.

The corporation is the parent company of Springs Valley Bank and Trust Company.

In quarterly earnings reports, the locally-based company reported quarterly dividends of $.26 cents per share, up 4% from 2019.

The company closed out 2019 with a net income of $4.1 million or 7 dollar and 25 cent earnings per share.  That was down slightly from the same period in 2018.

2019 was also a year of growth for SVB&T.  The company opened a banking center in Washington, Indiana last year, expanding its reach into Daviess County.