MBT Financial (MBTF) Declares $0.60 Special Dividend; 5.7% Yield
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MBT Financial Corp. Announces Preliminary Fourth Quarter 2017 Results, Quarterly and Special Dividends, and Repurchase Authorization
January 25, 2018 5:00 PM ESTMONROE, Mich., Jan. 25, 2018 (GLOBE NEWSWIRE) -- MBT Financial Corp., (Nasdaq: MBTF), the parent company of Monroe Bank & Trust, reported a preliminary net loss of $144,000 ($0.01 per share), in the fourth quarter of 2017, compared to a profit of $3,578,000 ($0.16 per share, basic and diluted), in the fourth quarter of 2016. The profit for the year ended December 31, 2017 is $10,609,000, compared to $14,501,000 for 2016. The Company recorded Federal income Tax Expense of $5,559,000 in the fourth quarter, which included $4,278,000 to adjust the value of its deferred tax assets following the enactment of the Tax Cuts and Jobs Act of 2017.... More
