JBTC Announces 2nd Quarter 2023 Earnings

Rhea-AI Summary

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.

Positive

• JBT Bancorp's quarterly earnings for Q2 2023 are $1,869,000 or $0.76 per share, showing positive growth. Six-month earnings increased by 3.1% to $3,394,000 or $1.39 per share compared to the prior year.

Negative

• None.

JONESTOWN, Pa., July 28, 2023 (GLOBE NEWSWIRE) -- JBT Bancorp, Inc. (JBTC) reported quarterly earnings of $1,869,000 or $0.76 per share for the second quarter of 2023. Six-month reported earnings are $3,394,000 or $1.39 per share, up 3.1% from $3,293,000 or $1.35 per share in the prior year.

President Troy A. Peters stated: “The first half of 2023 has been volatile in many corners of the financial sector. Fortunately, our community and relationship banking approach has kept stable funding sources in place and allows us to continue with our strategy of careful lending and measured growth.”

More information is available in the quarterly shareholder letter found on the Investors Relations tab at 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

FAQ

What are JBT Bancorp's earnings for Q2 2023?

JBT Bancorp reported earnings of $1,869,000 or $0.76 per share for Q2 2023.

How much did the six-month earnings increase compared to the prior year?

The six-month earnings increased by 3.1% to $3,394,000 or $1.39 per share compared to the prior year.

What is JBT Bancorp's lending strategy?

JBT Bancorp follows a strategy of careful lending and measured growth.