FONT-SIZE Plus   Neg

First Banks Turns To Profit In Q1

First Banks, Inc. (FBSPRA), the holding company of First Bank, reported first-quarter net income attributable to the company of $6.9 million or $58.63 per share, compared to a net loss of $6.1 million or $481.41 per share last year.

Net interest income for the quarter declined to $43.8 million from $48.8 million a year ago. Net interest margin dropped to 2.86 percent from 2.90 percent in the prior-year quarter.

Non-interest income for the quarter increased to $17.2 million from $14.4 million last year.

Provision for loan losses for the latest quarter reduced to $2.0 million from $10.0 million in the comparable quarter last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The U.S. Consumer Products Safety Commission has asked Safety 1st to recall 35,000 highchairs after several children fell and were injured. The recall covers about 35,000 wooden Safety 1st highchairs in three models: HC144BZF (Casablanca), HC229CZF (Gentle Lace) and HC229CYG (Black Lace). Safety... Ferrari, the luxury car division of Fiat Chrysler Automobiles (FCAU) is reportedly getting a much higher valuation than previously expected driven by its premium status of manufacturing high-performance luxury cars. According to reports, Ferrari expects the IPO to bring its market valuation to about... SeaWorld Entertainment Inc. (SEAS) has received another blow to its business as the California Coastal Commission banned breeding of captive killer whales in San Diego. The new law means SeaWorld won't be allowed to breed captive orcas, including through artificial insemination, at its California...
comments powered by Disqus
Follow RTT