JBTC Announces 3rd Quarter 2021 Earnings

Rhea-AI Summary

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.

Positive

• Year-to-date earnings of $4,820,000 represent a 57.3% increase from the prior year.
• Quarterly earnings of $1,662,000 reflect strong financial health.
• Increased loan interest income and mortgage profits boosted earnings.

Negative

• None.

JONESTOWN, Pa., Oct. 29, 2021 (GLOBE NEWSWIRE) -- JBT Bancorp, Inc. (OTC Pink: JBTC) reported quarterly earnings of $1,662,000, or $.68 per share, for the third quarter of 2021. Year-to-date earnings are $4,820,000, or $1.98 per share, up 57.3% from $3,063,000, or $1.26 per share, in the prior year. “Earnings were positively impacted by increases in loan interest income, mortgage profits, and fees earned from loans issued as part of the Paycheck Protection Program. Additional important contributing factors were reductions in interest expense and the loan loss provision,” said President & CEO, Troy A. Peters.

More information is available in the quarterly shareholder letter found 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

FAQ

What were JBT Bancorp's earnings for the third quarter of 2021?

JBT Bancorp reported earnings of $1,662,000, or $0.68 per share, for the third quarter of 2021.

How much did JBT Bancorp earn year-to-date in 2021?

Year-to-date earnings for JBT Bancorp reached $4,820,000, or $1.98 per share, up 57.3% from the previous year.

What factors contributed to JBT Bancorp's earnings growth?

Earnings growth was driven by increases in loan interest income, mortgage profits, and fees from the Paycheck Protection Program, along with reductions in interest expense and the loan loss provision.