JBT BANCORP INC - JBTC STOCK NEWS

JBT Bancorp, Inc. (OTCQX: JBTC), the holding company of Jonestown Bank & Trust Co. (JBT), has appointed Gina Breslin to its Board of Directors, effective October 1, 2024. Breslin, a Shareholder and Consultant with North Group Consultants, brings expertise in organizational health and leadership development.

Troy A. Peters, President and CEO of JBT, welcomed Breslin, stating her addition would be valuable as the company moves forward. Breslin, originally from Myerstown, PA, holds a bachelor's degree in Education and is a 2014 graduate of Leadership Lancaster. She expressed enthusiasm for JBT's mission and people-first approach, emphasizing the importance of healthy relationships and excellent service in strengthening communities.

Breslin aims to support JBT's leaders in advancing operational excellence, teamwork, continuous improvement, and driving results. She also serves on the Board of Jubilee Ministries and volunteers in leadership development programs.

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.

JBT Bancorp, Inc. (JBTC) reported quarterly earnings of $1,307,000 or $0.54 per share for the first quarter of 2024, compared to $1,525,000 or $0.63 per share in the prior year. President Troy A. Peters highlighted improved liquidity and margin management despite a challenging operating environment. JBT is well-positioned to navigate challenges and prepare for future growth cycles.

JBT Bancorp, Inc. (JBTC) reported quarterly earnings of $2,073,000 with earnings per share of $0.85, down 6.92% from the previous quarter. Full-year unaudited earnings were $7,793,000 with earnings per share of $3.20, down 3.31% from the prior year. Despite challenges, the company increased net interest income by 5.20% and maintained strong credit quality in their 150th anniversary year.

JBT Bancorp, Inc. (JBTC) has upgraded to trading on the OTCQX® Best Market, symbolized as 'JBTC', from the OTC Markets Group, Inc. Pink® Market. OTCQX is tailored for well-managed, strongly capitalized U.S. financial institutions, with over 100 community and regional banks currently trading on it. The move reflects JBT's commitment to high standards, integrity, and its mission to improve clients' financial lives. President & CEO, Troy A. Peters, sees this as a positive step for existing shareholders, providing broader stock exposure and highlighting JBT's stability, strength, and diverse services. The company celebrates its 150th anniversary as an independent, local community bank, making this upgrade a significant addition to its milestones.

JBT Bancorp reports quarterly earnings of $2.3 million, down from prior year. President & CEO emphasizes focus on keeping the bank strong and well capitalized.

JBT Bancorp, Inc. (JBTC) reported quarterly earnings of $1,869,000 or $0.76 per share for Q2 2023. Six-month reported earnings are $3,394,000 or $1.39 per share, up 3.1% from the prior year. President Troy A. Peters emphasizes stable funding sources and careful lending strategy.

JBT Bancorp, Inc. (JBTC) reported strong financial performance for 2022, showing unaudited earnings of $8,060,000, a 25.2% increase from $6,436,000 in 2021, with earnings per share rising from $2.65 to $3.31.

The company’s wholly owned subsidiary, Jonestown Bank & Trust Co., achieved a 12.6% growth in net loans and a 10.6% increase in net interest income year-over-year. The bank excelled in gathering non-interest-bearing deposits and saw growth in its cannabis-related business, contributing positively to profitability. Credit quality remains excellent, positioning the balance sheet well for future challenges.