MBT Financial (MBTF) Reports Q1 EPS of $0.12
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April 27, 2015 5:00 PM EDT
MONROE, Mich., April 27, 2015 (GLOBE NEWSWIRE) -- MBT Financial Corp., (Nasdaq: MBTF), the parent company of Monroe Bank & Trust, reported a net profit of $2,777,000 ($0.12 per share, basic and diluted), in the first quarter of 2015, compared to a profit of $1,767,000 ($0.08 per share, basic and diluted), in the first quarter of 2014.
Earnings for the Company improved this quarter due to an increase in the net interest income and a decrease in the provision for loan losses. The net interest margin increased from 3.18% in the first quarter of 2014 to 3.27% in the first quarter of 2015, and the average amount of... More
April 27, 2015 5:00 PM EDT
MONROE, Mich., April 27, 2015 (GLOBE NEWSWIRE) -- MBT Financial Corp., (Nasdaq: MBTF), the parent company of Monroe Bank & Trust, reported a net profit of $2,777,000 ($0.12 per share, basic and diluted), in the first quarter of 2015, compared to a profit of $1,767,000 ($0.08 per share, basic and diluted), in the first quarter of 2014.
Earnings for the Company improved this quarter due to an increase in the net interest income and a decrease in the provision for loan losses. The net interest margin increased from 3.18% in the first quarter of 2014 to 3.27% in the first quarter of 2015, and the average amount of... More
