JBTC Announces 4th Quarter 2021 Earnings

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.

JONESTOWN, Pa., Feb. 07, 2022 (GLOBE NEWSWIRE) -- JBT Bancorp, Inc. (JBTC) reported quarterly earnings of $1,616,000 or $.67 per share for the fourth quarter of 2021. Earnings for the year were $6,436,000 or $2.65 per share up 26% from $5,094,000 or $2.10 per share for the prior year. The company reported solid loan and deposit growth at the bank level. President & CEO, Troy A. Peters stated that “net income was further enhanced by a year-over-year reduction in the provision for loan losses. We are very pleased with the performance of our loan portfolio given the events of the past two years”. The company finished the year with assets of $832 million.

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

FAQ

What were JBTC's earnings for Q4 2021?

JBTC reported earnings of $1,616,000, or $0.67 per share for Q4 2021.

How much did JBTC earn in 2021?

In 2021, JBTC earned $6,436,000, or $2.65 per share, up 26% from the previous year.

What is the total asset value of JBT Bancorp?

As of the end of 2021, JBT Bancorp's total assets amounted to $832 million.

How did JBTC's loan portfolio perform?

JBTC reported solid performance in its loan portfolio, with reduced provisions for loan losses year-over-year.