JBTC Announces 1st Quarter 2022 Earnings
JBT Bancorp, Inc. (JBTC) reported first-quarter 2022 earnings of $1,385,000, or $0.57 per share, a slight decline from $1,402,000, or $0.58 per share, in the previous year.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
JBT Bancorp, Inc. (JBTC) reported first-quarter 2022 earnings of $1,385,000, or $0.57 per share, a slight decline from $1,402,000, or $0.58 per share, in the previous year. The increase in net interest income by 3.4% was offset by an 11% drop in non-interest income, primarily due to reduced mortgage banking activities. The prior year included $203,000 in Paycheck Protection Program (PPP) fees, compared to $28,000 in 2022. The company anticipates that almost all remaining PPP loans totaling $1,600,000 will be forgiven by the end of Q2 2022.
Positive
- 3.4% increase in net interest income,
Negative
- 11% decrease in non-interest income due to reduced mortgage banking activities,
- Significant decline in PPP fees from $203,000 in Q1 2021 to $28,000 in Q1 2022.
Details
News Market Reaction – JBTC
The recorded move for JBTC in the trading session of this news was +2.46%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
JONESTOWN, Pa., April 29, 2022 (GLOBE NEWSWIRE) -- JBT Bancorp, Inc. (JBTC) reported quarterly earnings of
More information is available in the quarterly shareholder letter found on the Investors Relations tab at jbt.bank.
Contact: Andrea Shetterly, EAA
ashetterly@jbt.bank
Jonestown Bank & Trust Co.
2 West Market Street
Jonestown, PA 17038-0717
Phone: 717-865-4246
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.