JBT Bancorp, Inc. reports recurring updates as the bank holding company for Jonestown Bank & Trust Co., with news centered on quarterly earnings, per-share results, dividend declarations and balance-sheet growth. Company releases commonly discuss net interest income, margin performance, credit loss expense, core deposits, loan growth, liquidity and non-interest income sources such as mortgage banking and debit card interchange.
JBTC news also includes corporate governance developments for the holding company and its bank subsidiary, including board appointments and related leadership updates.
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.
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.
JBT Bancorp (OTC Pink: JBTC) reported a strong financial performance for the third quarter of 2021, earning $1,662,000 or $0.68 per share. Year-to-date earnings reached $4,820,000, a 57.3% increase compared to $3,063,000 in the previous year. Key drivers included growth in loan interest income, mortgage profits, and fees from the Paycheck Protection Program. Additionally, reductions in interest expenses and the loan loss provision further contributed to the results.