JBTC Announces 1st Quarter 2025 Earnings

Rhea-AI Summary

JBT Bancorp (OTCQX: JBTC) has reported strong financial results for the first quarter of 2025. The company achieved quarterly earnings of $1,687,000, or $0.69 per share, marking a significant increase from $1,307,000 or $0.54 per share in the previous year.

The improved performance was driven by growth in two key areas: net interest income after credit loss expense increased by 7.87% year-over-year, while non-interest income saw a 13.13% rise, primarily due to higher debit card interchange revenue. The interchange income growth was attributed to increased transaction volumes and amounts.

Positive

• Quarterly earnings increased 29.1% YoY to $1,687,000
• Earnings per share grew 27.8% YoY to $0.69
• Net interest income after credit loss expense up 7.87% YoY
• Non-interest income increased 13.13% YoY
• Growth in debit card interchange revenue due to higher transaction volumes

Negative

• None.

JONESTOWN, Pa., April 15, 2025 (GLOBE NEWSWIRE) -- JBT Bancorp, Inc. (OTCQX: JBTC) reported quarterly earnings of $1,687,000 or $0.69 per share for the first quarter of 2025 versus $1,307,000 or $0.54 per share in the prior year. President Troy A. Peters stated: “Focusing on net interest income and non-interest income sources drove our results in the first quarter. Net interest income after credit loss expense increased by 7.87% over the same period in the prior year and non-interest income increased by 13.13% led by debit card interchange. Interchange income was positively affected by increased transaction volume and amounts.”

More information can be found at OTC Markets at www.otcmarkets.com/stock/JBTC/overview.

Contact: Andrea Shetterly, EAA
ashetterly@jbt.bank
Jonestown Bank & Trust Co.
2 West Market Street
Jonestown, PA 17038-0717
Phone: 717-865-4246
  

FAQ

What were JBTC's earnings per share in Q1 2025?

JBTC reported earnings of $0.69 per share in Q1 2025, up from $0.54 per share in the previous year.

How much did JBT Bancorp's net interest income grow in Q1 2025?

JBT Bancorp's net interest income after credit loss expense increased by 7.87% compared to the same period in the previous year.

What drove JBTC's non-interest income growth in Q1 2025?

JBTC's non-interest income grew 13.13% primarily due to increased debit card interchange revenue from higher transaction volumes and amounts.

What was JBTC's total quarterly earnings for Q1 2025?

JBTC reported total quarterly earnings of $1,687,000 for Q1 2025, compared to $1,307,000 in Q1 2024.