MBT Financial (MBTF) Raises Quarterly Dividend 20% to $0.06; 2.6% Yield
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MBT Financial Corp. Announces Second Quarter 2017 Earnings and Increased Quarterly Dividend
July 27, 2017 5:00 PM EDTMONROE, Mich,, July 27, 2017 (GLOBE NEWSWIRE) -- MBT Financial Corp., (Nasdaq: MBTF), the parent company of Monroe Bank & Trust, reported a preliminary net profit of $3,640,000 ($0.16 per share, basic and diluted), in the second quarter of 2017, compared to a profit of $4,239,000 ($0.19 per share, basic and $0.18 per share, diluted), in the second quarter of 2016. When adjusting for non-recurring items such as negative loan loss provisions, gains and losses on Other Real Estate transactions, securities gains, and an adjustment to the wealth management fee income accrual, we calculate adjusted operating income at $4,832,000 for the second quarter of... More
