Showing 1-10 of about 67 articles.
MBT Financial Corp.
MBT Financial Corp. Announces First Quarter 2013 Profit
MONROE, Mich., April 25, 2013 (GLOBE NEWSWIRE) -- MBT Financial Corp., (Nasdaq:MBTF), the parent company of Monroe Bank & Trust, reported a net profit of $1,114,000, or $0.06 per share (basic and diluted), in the first quarter of 2013, compared to the profit of $1,217,000, or $0.07 per share (basic and diluted) in the first quarter of 2012. Excluding gains on sales of investment securities, the net profit increased from $117,000 last year to $1,104,000 this year. This is the seventh consecutive quarterly profit for the company.
MBT Financial Corp.
MBT Financial Corp. Announces Revised 2012 Profit
MONROE, Mich., Feb. 13, 2013 (GLOBE NEWSWIRE) -- MBT Financial Corp., (Nasdaq:MBTF), the parent company of Monroe Bank & Trust, reported a revision to its preliminary results that were announced on January 24, 2013. The Bank reassessed recent guidance from banking regulators regarding the Allowance for Loan and Lease Losses (ALLL) on troubled debt restructurings, and decided to increase its ALLL as of December 31, 2012 by recording an additional provision for loan loss expense of $500,000. As a result, the previously announced preliminary fourth quarter 2012 net profit of $6,118,000, or $0.36 per share (basic and diluted), is reduced to $5,618,000, or $0.32 per share (basic and diluted). The previously announced full year profit of $8,976,000, or $0.52 per share (basic and diluted) is reduced to $8,476,000, or $0.49 per share (basic and diluted) and the ALLL increased from the previously reported $16,799,000 to $17,299,000.
MBT Financial Corp.
MBT Financial Corp. Announces Fourth Quarter and Full Year 2012 Profit
MONROE, Mich., Jan. 24, 2013 (GLOBE NEWSWIRE) -- MBT Financial Corp., (Nasdaq:MBTF), the parent company of Monroe Bank & Trust, reported a preliminary net profit of $6,118,000, or $0.36 per share (basic and diluted), in the fourth quarter of 2012, compared to the profit of $431,000, or $0.02 per share (basic and diluted) in the fourth quarter of 2011. The year to date profit is $8,976,000, or $0.52 per share (basic and diluted), compared to a loss of $3,762,000, or $0.22 per share in 2011. Included in the positive results for the quarter is a $5 million reduction in the Company's valuation allowance against its deferred tax asset. Earnings for the quarter before such reduction in our deferred tax asset reserve were $1,118,000 or $0.06 per share (basic and diluted). This is the sixth consecutive quarterly profit for the company and the first full year profit since 2008.
MBT Financial Corp.
MBT Financial Corp. Announces Third Quarter 2012 Profit
MONROE, Mich., Oct. 29, 2012 (GLOBE NEWSWIRE) -- MBT Financial Corp., (Nasdaq:MBTF), the parent company of Monroe Bank & Trust, reported a net profit of $1,388,000, or $0.08 per share (basic and diluted), in the third quarter of 2012, compared to the profit of $632,000, or $0.04 per share (basic and diluted) in the third quarter of 2011. The year to date profit is $2,858,000, or $0.16 per share (basic and diluted), compared to a loss of $4,193,000, or $0.24 per share in the first three quarters of 2011. This is the fifth consecutive quarterly profit for the company.
MBT Financial Corp.
MBT Financial Corp. Announces Second Quarter 2012 Profit
MONROE, Mich., Aug. 2, 2012 (GLOBE NEWSWIRE) -- MBT Financial Corp., (Nasdaq:MBTF), the parent company of Monroe Bank & Trust, reported a net profit of $253,000, or $0.01 per share (basic and diluted), in the second quarter of 2012, compared to the loss of $783,000, or $0.05 per share in the second quarter of 2011. The year to date profit is $1,470,000, or $0.08 per share (basic and diluted), compared to a loss of $4,825,000, or $0.28 per share in the first six months of 2011. This is the fourth consecutive quarterly profit for the company.
Showing 1-10 of about 67 articles.