JBTC Announces 2nd Quarter 2024 Earnings

Rhea-AI Summary

JBT Bancorp, Inc. (OTCQX: JBTC) has reported its second quarter 2024 earnings, with quarterly earnings of $2,167,000 or $0.89 per share. The company's six-month earnings reached $3,474,000 or $1.43 per share, marking a 2.36% increase from the previous year's $3,394,000 or $1.39 per share. President & CEO Troy A. Peters attributed the earnings growth to effective management of net interest income amid rising funding costs. This performance demonstrates JBTC's ability to navigate challenging financial environments and maintain positive earnings momentum.

Positive

• Quarterly earnings of $2,167,000 or $0.89 per share
• Six-month earnings increased by 2.36% year-over-year
• Effective management of net interest income despite rising funding costs

Negative

• None.

JONESTOWN, Pa., July 26, 2024 (GLOBE NEWSWIRE) -- JBT Bancorp, Inc. (OTCQX: JBTC) reported quarterly earnings of $2,167,000 or $0.89 per share for the second quarter of 2024. Six-month reported earnings are $3,474,000 or $1.43 per share, up from $3,394,000 or $1.39 per share in the prior year, representing a 2.36% increase in earnings.

President & CEO Troy A. Peters stated: “Our earnings increase was primarily driven by our ability to positively manage our net interest income performance, even during a period of rising funding costs.”

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 JBT Bancorp's (JBTC) earnings for Q2 2024?

JBT Bancorp (JBTC) reported quarterly earnings of $2,167,000 or $0.89 per share for the second quarter of 2024.

How did JBT Bancorp's (JBTC) six-month earnings in 2024 compare to the previous year?

JBT Bancorp's (JBTC) six-month earnings for 2024 were $3,474,000 or $1.43 per share, up 2.36% from $3,394,000 or $1.39 per share in the prior year.

What factor contributed to JBT Bancorp's (JBTC) earnings increase in Q2 2024?

According to CEO Troy A. Peters, JBT Bancorp's (JBTC) earnings increase was primarily driven by their ability to positively manage net interest income performance, even during a period of rising funding costs.