JBTC Announces 4th Quarter 2021 Earnings
JBT Bancorp, Inc. (JBTC) reported strong financial performance for Q4 2021, with earnings of $1,616,000, or $0.67 per share.
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Rhea-AI Summary
JBT Bancorp, Inc. (JBTC) reported strong financial performance for Q4 2021, with earnings of $1,616,000, or $0.67 per share. For the full year, earnings rose 26% to $6,436,000, or $2.65 per share, compared to $5,094,000, or $2.10 per share the previous year. The bank experienced notable loan and deposit growth, aided by a year-over-year reduction in the provision for loan losses. JBTC concluded the year with total assets amounting to $832 million. The results are unaudited as of this release.
Positive
- Year-over-year earnings increased by 26%, reaching $6,436,000.
- Q4 earnings per share stood at $0.67.
- Notable loan and deposit growth reported at the bank level.
- Reduction in the provision for loan losses enhanced net income.
Negative
- None.
Details
News Market Reaction – JBTC
The recorded move for JBTC in the trading session of this news was -8.06%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
JONESTOWN, Pa., Feb. 07, 2022 (GLOBE NEWSWIRE) -- JBT Bancorp, Inc. (JBTC) reported quarterly earnings of
Reported results are unaudited as of this release. More information is available on the Investors Relations tab of 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
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