MBT Financial (MBTF) Reports Q4 EPS of $0.18

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Go back to MBT Financial (MBTF) Reports Q4 EPS of $0.18

MBT Financial Corp. Announces Preliminary Fourth Quarter and Full Year 2015 Profit

January 25, 2016 4:57 PM EST

MONROE, Mich., Jan. 25, 2016 (GLOBE NEWSWIRE) -- MBT Financial Corp., (Nasdaq: MBTF), the parent company of Monroe Bank & Trust, reported a preliminary net profit of $4,014,000 ($0.18 per share, basic and diluted), in the fourth quarter of 2015, compared to a profit of $2,149,000 ($0.09 per share, basic and diluted), in the fourth quarter of 2014. The net profit for the year ended December 31, 2015 was $12,082,000 ($0.53 per share, basic and diluted), compared to $7,315,000 ($0.33 per share, basic and diluted) in the year ended December 31, 2014.

Earnings for the Company improved this quarter largely due to the negative provision for loan... More