MBT Financial's (MBTF) CEO Douglas Chaffin on Q3 2014 Results - Earnings Call Transcript
SA Transcripts - at Seeking Alpha - Fri Oct 24, 12:22PM CDT
MBTF: 4.88 (-0.06)
MBT Financial Corp. Announces Increase in Preliminary Third Quarter 2014 Pre Tax Profit
GlobeNewswire - Thu Oct 23, 3:52PM CDT
MBT Financial Corp., (Nasdaq:MBTF), the parent company of Monroe Bank & Trust, reported a preliminary pretax profit for the third quarter of $2,815,000 in 2014 and $2,492,000 in 2013, for an increase of 13%. Year to date pretax profits were $7,420,000 as of September 30, 2014 and $5,102,000 as of September 30, 2013, for an increase of 45%. Net profit for the third quarter of 2014 totaled $2,042,000, or $0.09 per share (basic and diluted), compared to the net profit for the third quarter of 2013 of $21,287,000, or $1.19 per share, basic and $1.17 per share, diluted. The net profit for the nine months ended September 30, 2014 was $5,496,000, or $0.25 per share (basic and diluted), compared to $23,897,000, or $1.34 per share, basic and $1.33 per share, diluted, for the nine months ended September 30, 2013. The net profits for the third quarter of 2013 and the nine months ended September 30, 2013 were positively impacted by the elimination of the $18.8 million deferred tax asset valuation allowance.
MBTF: 4.88 (-0.06)
Nasdaq stocks posting largest volume increases
AP - Fri Oct 17, 5:03PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
URBN: 31.64 (-0.39), DLHC: 2.67 (-0.03), LMOS: 16.79 (+0.02), RDI: 11.98 (+0.66), AHPI: 1.58 (-0.14), COCO: 0.16 (unch), AGYS: 12.02 (-0.01), HCCI: 18.99 (+0.24), NAUH: 3.04 (unch), KTEC: 13.00 (-0.30), MBTF: 4.88 (-0.06), CZFC: 12.05 (+0.03), RDIB: 12.04 (+1.12)
MBT Financial Corp. Announces Third Quarter 2014 Earnings Release and Conference Call
GlobeNewswire - Tue Sep 16, 1:57PM CDT
MBT Financial Corp. (Nasdaq:MBTF) announced today that it will release its third quarter 2014 results after the close of the market on Thursday, October 23, 2014. The earnings report will be available on the company's website, www.mbandt.com. The company will also host an investor conference call to review the results on Friday, October 24, 2014 at 10 a.m. Eastern. Participants in the United States are asked to call toll free (877) 510-3783 at least five minutes prior to the call. The toll free number for callers from Canada is (855) 669-9657 and the international number is (412) 902-4136.
MBTF: 4.88 (-0.06)
MBT Financial Corp. Announces Second Quarter 2014 Profit
GlobeNewswire - Thu Jul 24, 4:00PM CDT
MBT Financial Corp., (Nasdaq:MBTF), the parent company of Monroe Bank & Trust, reported a profit of $1,687,000, or $0.08 per share (basic and diluted) for the second quarter of 2014, compared to the profit for the second quarter of 2013 of $1,496,000, or $0.08 per share (basic and diluted). The profit for the six months ended June 30, 2014 was $3,454,000, or $0.16 per share (basic and diluted), compared to $2,610,000, or $0.15 per share (basic and diluted) for the six months ended June 30, 2013.
MBTF: 4.88 (-0.06)
MBT Consent Order Terminated, Optimistic Outlook
GlobeNewswire - Thu Jul 03, 7:30AM CDT
Monroe Bank & Trust, the wholly-owned banking subsidiary of MBT Financial Corp (Nasdaq:MBTF), recently received notification from the Federal Deposit Insurance Corporation and the Michigan Department of Insurance and Financial Services that the Consent Order it has been operating under since July 12, 2010 was terminated effective June 30, 2014. President and CEO Doug Chaffin commented, "We are very pleased with the termination of the Consent Order, as it reflects the considerable effort by our Board, officers, and staff to improve asset quality and earnings. In addition, our recently successful capital raise allowed us to complete the remaining stipulation under the Consent Order. We remain confident of our outlook for the future, and have demonstrated this confidence with the recent opening of our new Mortgage Center at 11 Washington Street in downtown Monroe. In addition, the establishment of our new Loan Production and Wealth Management office in downtown Tecumseh represents a milestone as our first official entry into the Lenawee County market. We remain the premier community bank in our area, and we are proud of our record of service to our communities in both Monroe and Wayne Counties. We intend to bring this tradition of quality with a strong customer focus to Lenawee County as well."
MBTF: 4.88 (-0.06)
MBT Financial Corp. Announces Second Quarter 2014 Earnings Release and Conference Call
GlobeNewswire - Mon Jun 16, 3:37PM CDT
MBT Financial Corp. (Nasdaq:MBTF) announced today that it will release its second quarter 2014 results after the close of the market on Thursday, July 24, 2014. The earnings report will be available on the company's website, www.mbandt.com. The company will also host an investor conference call to review the results on Friday, July 25, 2014 at 10 a.m. Eastern. Participants in the United States are asked to call toll free (888) 317-6016 at least five minutes prior to the call. The toll free number for callers from Canada is (855) 669-9657 and the international number is (412) 317-6016.
MBTF: 4.88 (-0.06)
MBT Financial Corp. Announces First Quarter 2014 Earnings Release and Conference Call
GlobeNewswire - Tue Mar 18, 7:43AM CDT
MBT Financial Corp. (Nasdaq:MBTF) announced today that it will release its first quarter 2014 results after the close of the market on Tuesday, April 29, 2014. The earnings report will be available on the company's website, www.mbandt.com. The company will also host an investor conference call to review the results on Wednesday, April 30, 2014 at 10 a.m. Eastern. Participants in the United States are asked to call toll free (888) 317-6016 at least five minutes prior to the call. The toll free number for callers from Canada is (855) 669-9657 and the international number is (412) 317-6016.
MBTF: 4.88 (-0.06)
MBT Financial Corp. Announces Record Date for Its Rights Offering
GlobeNewswire - Wed Mar 05, 3:44PM CST
As previously announced MBT Financial Corp. (the "Company"
MBTF: 4.88 (-0.06)
MBT Financial Corp. Announces Fourth Quarter and Full Year 2013 Profit
GlobeNewswire - Thu Jan 30, 4:03PM CST
MBT Financial Corp., (Nasdaq:MBTF), the parent company of Monroe Bank & Trust, reported a pre-tax profit of $2,322,000 for the fourth quarter of 2013, compared to pre-tax profit for the fourth quarter of 2012 of $618,000. Pre-tax profit for the full year 2013 was $7,424,000, compared to the pre-tax profit of $5,042,000 for the full year 2012. Net profit for the fourth quarter totaled $1,640,000 ($0.09 per share, basic and diluted), compared to a net profit of $5,687,000 ($0.33 per share, basic and diluted) for the fourth quarter of 2012. Net profit for the year ended December 31, 2013 was $25,537,000, ($1.43 per share basic and $1.41 per share diluted), compared to $8,545,000, or $0.49 per share (basic and diluted) for the year ended December 31, 2012. The Company reversed $5.0 million of the valuation allowance on its deferred tax asset in the fourth quarter of 2012 and the remaining $18.8 million of the valuation allowance was eliminated in the third quarter of 2013.
SCG.VN: 0.015 (unch), MBTF: 4.88 (-0.06)
MBT Financial Corp.Corporate Event Announcement Notice
Wall Street Horizon - Thu Dec 19, 7:59PM CST
A British Columbia Securities Commission panel has ruled that the commission has jurisdiction to hear allegations made in a notice of hearing against a Swiss national alleged to have instructed and paid a BC man to tout shares of a company quoted on the Over-the-Counter Bulletin Board (OTCBB) in the United States.
MBTF: 4.88 (-0.06)
MBT Financial Corp. Announces First Quarter 2013 Profit
GlobeNewswire - Thu Apr 25, 4:00PM CDT
MBT Financial Corp., (Nasdaq:MBTF), the parent company of Monroe Bank & Trust, reported a net profit of $1,114,000, or $0.06 per share (basic and diluted), in the first quarter of 2013, compared to the profit of $1,217,000, or $0.07 per share (basic and diluted) in the first quarter of 2012. Excluding gains on sales of investment securities, the net profit increased from $117,000 last year to $1,104,000 this year. This is the seventh consecutive quarterly profit for the company.
MBTF: 4.88 (-0.06)
MBTF, RMBS, BAA Are Seasonally Ripe To Go Down In the Next Five Weeks
M2 - Tue Mar 26, 7:03AM CDT
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RMBS: 11.32 (-0.15), MBTF: 4.88 (-0.06), BAA: 0.17 (unch)
WEALTHMAKERS.COM Issues Bearish Research Reports on ANGI, CBG, CWCO, ITMN, MBTF, MNRK
M2 - Tue Mar 19, 10:42AM CDT
WEALTHMAKERS.COM / www.wealthmakers.com , a Wall Street research and trading firm providing unbiased statistical stock market predictions to empower investors, securities professionals and public company employees to make precise, predictive and profitable trading decisions, has issued new research reports today on the following stocks: Angie's List Inc (NASDAQ:ANGI), CBRE Group Inc (NYSE:CBG), Consolidated Water Co Ltd (NASDAQ:CWCO), InterMune Inc (NASDAQ:ITMN), Mbt Financial Corp (NASDAQ:MBTF), Monarch Financial Holdings Inc (NASDAQ:MNRK)
CBG: 32.69 (-0.02), ITMN: 73.89 (-0.02), ANGI: 5.97 (-0.32), CWCO: 12.65 (-0.11), MNRK: 13.25 (+0.21), MBTF: 4.88 (-0.06)