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Posts Tagged ‘loan losses’

Renasant sees better quarter, but yearly earnings down

TUPELO — Renasant Corporation, for the fourth quarter of 2011, saw net income of $5.79 million, compared to $4.721 million for the fourth quarter of 2010. Basic and diluted earnings per share (EPS) were $0.23 for the fourth quarter of 2011 as compared to basic and diluted EPS of $0.19 for the fourth quarter of 2010. Net [...] [...]

Cadence ends year with better quarter

by Wally Northway Published: January 29,2010

Tags: banking and finance, loan losses, publicly traded company, recession

STARKVILLE — Cadence Financial Corporation reported net income of $664,000, for the fourth quarter of 2009, compared with a loss of $2.7 million for the fourth quarter of 2008. Net income applicable to common shareholders was $12,000 for the fourth quarter of 2009 after considering the effect of $652,000 in dividends and accretion on preferred [...] [...]

Peoples’ earnings hit by loan losses

by Wally Northway Published: January 29,2010

Tags: banking and finance, loan losses, publicly traded company, recession

BILOXI — Peoples Financial Corporation, parent of The Peoples Bank, earned $3.22 million for the year, announced Chevis C. Swetman, chairman and CEO of the holding company and the bank. Earnings for 2009 were 36 percent lower than earnings for 2008 due mainly to additions to the bank’s loan loss reserves totaling $5.225 million. “We are enduring [...] [...]

Citizens’ loan losses mount

by Wally Northway Published: January 27,2010

Tags: banking and finance, loan losses, publicly traded company, recession

PHILADELPHIA — Citizens Holding Company saw net income for the three months ended Dec. 31, 2009, decreased to $1.703 million, or $0.35 per share-basic and diluted, from $2.055 million, or $0.42 per share-basic and diluted for the same quarter in 2008. Net interest income for the fourth quarter of 2009, after the provision for loan losses [...] [...]

BancorpSouth reports improved quarter

by Wally Northway Published: January 25,2010

Tags: babking and finance, loan losses, publicly traded company, real estate, recession

TUPELO — BancorpSouth’s net income for the fourth quarter of 2009 was $19.4 million, or $0.23 per diluted share, compared with $16.8 million, or $0.20 per diluted share, for the fourth quarter of 2008. Net income for the year ended Dec. 31, 2009, was $104.3 million, or $1.25 per diluted share, compared with $120.4 million, [...] [...]

Renasant reports better quarter

by Wally Northway Published: January 21,2010

Tags: banking and finance, loan losses, publicly traded company, recession

TUPELO — Renasant Corporation saw net income for 2009 of $18.518 million, compared to $24.052 million for 2008. Basic and diluted earnings per share were $0.88 and $0.87, respectively, for 2009, compared to basic and diluted earnings per share of $1.15 and $1.14, respectively, for 2008. For the fourth quarter of 2009, net income was [...] [...]

First M&F posted loss last year

by Wally Northway Published: January 20,2010

Tags: banking and finance, loan losses, publicly traded company, recession

KOSCIUSKO — First M&F Corp. reported preliminary results for 2009 of a net loss of $44.048 million attributable to common shareholders, or $4.86 basic and diluted earnings per share, compared to earnings of $522,000, or $0.06 basic and diluted earnings per share, for 2008. The company’s final results are pending the completion of a review for [...] [...]

The First’s earnings rise

by Wally Northway Published: October 21,2009

Tags: banking and finance, loan losses, publicly traded company, recession

HATTIESBURG — The First Bancshares Inc., holding company for The First, A National Banking Association, reports net income available to common shareholders for the three months ended Sept. 30, 2009 amounted to $693,000 or $0.23 per diluted share, compared to $335,000 or $0.11 per diluted share for the same quarter in 2008. Hoppy Cole, CEO of [...] [...]

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