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Tag Archives: loan loss

Peoples records weaker quarter-over-quarter net income

BILOXI — Peoples Financial Corporation (NASDAQ Capital Market: PFBX), parent of The Peoples Bank, reported net income of $579,000 for the first quarter of 2014. First quarter earnings this year were 4.5 percent below the same period in 2013, but reversed a loss of $883,000 recorded in fourth quarter of 2013 due primarily to a number of actions on certain ...

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Renasant reports better profits after First M&F acquisition

TUPELO — Regional bank Renasant Corp. says profit in 2013’s fourth quarter rose 80 percent in the second period following its takeover of First M&F Corp. Renasant posted quarterly profit yesterday of $13.6 million, or 43 cents per share. That’s up from $7.6 million, or 30 cents per share, in 2013’s first quarter. Because that earlier period was before the ...

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Trustmark Corp. sees gain in quarterly profit

JACKSON — Regional bank Trustmark Corp. says profit in 2013’s fourth quarter rose 1 percent from the same three months of 2012, as the company worked to increase efficiency after its takeover of the former BancTrust Financial Group. Trustmark posted quarterly profit yesterday of $28 million, or 42 cents per share. That compares to $27.7 million, or 43 cents per ...

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Farm Credit Bank sees increase in earnings, loans

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT) reported increased earnings and loan volume in the third quarter. The cooperatively owned funding bank reported net income of $43.5 million for the third quarter of 2013, a 4.7 percent increase from the same period in 2012. Net income for the nine months ended Sept. 30, 2013, was $139.9 million, up 7.5 percent ...

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First M&F slashes quarterly net income by nearly $2M

KOSCIUSKO — First M&F Corp. has revised net income for the quarter ended June 30, 2013 to $222,000 from $2.205 million reported in the July 19 earnings announcement. Earnings per share after preferred stock dividends were revised to a loss of $.03 basic and diluted per share from the previously reported net profit of $.18 basic and $.17 diluted per ...

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Citizens reports decreased net income for quarter, year

PHILADELPHIA — Citizens Holding Company has released the results of operations for the quarter and year ended Dec. 31, 2012. Net income for the quarter was $1.740 million or $0.36 per share-basic and diluted, down from $1.786 million, or $0.37 per share-basic and diluted for the same quarter in 2011. Net interest income for the fourth quarter of 2012, after ...

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Peoples' income hurt by gaming client

BILOXI — Peoples Financial Corporation earned $974,000 in the third quarter of 2009, reversing a loss recorded in the same period last year due to non-cash charges related to an investment in preferred shares of Federal Home Loan Mortgage Company, commonly known as Freddie Mac. Net income for the third quarter of 2009 was reduced by an additional $1.875-million provision ...

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