Home » Tag Archives: loan losses

Tag Archives: loan losses

Peoples restates earnings to account for more loan losses

BILOXI — Peoples Financial Corporation, parent of The Peoples Bank, has revised fourth quarter and 2011 earnings to account for an additional loan loss provision of $660,000, announced Chevis C. Swetman, chairman and CEO of the holding company and the bank. As a result of the revisions, fourth quarter earnings totaled ($622,000) for the fourth quarter 2011 and $1.203 million ...

Read More »

Cadence ends year with better quarter

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 stock. “We are pleased to ...

Read More »

Peoples' earnings hit by loan losses

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 short-term pain to ...

Read More »

Citizens' loan losses mount

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 for the quarter, was ...

Read More »

BancorpSouth reports improved quarter

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, or $1.45 per diluted share, ...

Read More »

Renasant reports better quarter

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 $4.031 million, compared to $232,000 ...

Read More »

First M&F posted loss last year

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 potential impairment of goodwill ...

Read More »