JBTC Announces 4th Quarter 2024 Earnings
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JBT Bancorp, Inc. (OTCQX: JBTC) reported a 14.38% decrease in Q4 2024 earnings compared to Q4 2023, primarily due to a $482,000 increase in credit loss expense. Full-year earnings also declined by 3.05%.
January 15, 2025 | 7:00 pm
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JBT Bancorp reported a significant decrease in Q4 2024 earnings, down 14.38% from the previous year, due to increased credit loss expenses. Full-year earnings also saw a decline.
The decrease in earnings is primarily attributed to a significant increase in credit loss expenses, which is a negative indicator for the company's financial health. This is likely to impact investor sentiment negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100