First BancTrust Corporation Reports Increases In Fourth Quarter And Year-End Results And Declares Quarterly Cash Dividend

Fourth quarter 2016 noninterest income increased by $136,968 or 12.75 percent compared to the same period a year ago. Year over year noninterest income for 2016 was $300,309 more than for the prior year. This increase is primarily a result of increased mortgage activity in the secondary market as well as an increase in deposit services fee income.

Noninterest Expense

Noninterest expense for the fourth quarter of 2016 increased $72,311 or 2.29 percent to $3.22 million from the $3.15 million reported during the same quarter last year. Year over year, noninterest expense is $255,676 or 1.98 percent greater than the previous year.

Asset Quality

Significant asset quality measures for the year are:

• Nonperforming Loans to Total Loans were 0.28 percent at year end 2016 compared to 0.56 percent at year end 2015.
• Net Charge offs to Total Loans were 0.10 percent at year end 2016 compared to 0.15 percent for 2015 year end.
• ALLL to Nonperforming Loans coverage was 482.59 percent at year end 2016 compared to 231.48 percent at year end 2015.

Franklin stated, "Noninterest expense remained consistent quarter over quarter and contributed to the positive fourth quarter numbers. Asset quality continues to be positive and loan levels continue to be stable."

BOARD OF DIRECTORS DECLARES QUARTERLY DIVIDEND

The Board of Directors declared a quarterly cash dividend of nine cents per common share, payable March 17, 2017 to stockholders of record on March 2, 2017.

ABOUT FIRST BANCTRUST CORPORATION

First BancTrust Corporation, headquartered in Champaign, Illinois is a holding company that owns all of the capital stock of First Bank & Trust, IL, an Illinois-chartered state bank that conducts business from its main office located in Paris, Illinois, and branch banks in Marshall, Savoy, Rantoul, Champaign and Martinsville, Illinois. On December 31, 2016, the Company had $453.55 million of total assets, $409.62 million of total liabilities and $43.93 million of stockholders' equity. First Bank & Trust, IL remains a well-capitalized bank with a Tier 1 Ratio of 10.18 percent, a Common Equity Tier 1 Capital Ratio of 12.80, a Tier 1 Capital Ratio of 12.80 percent and a Total Capital Ratio of 14.05 percent.

Footnote: This earnings report may contain certain forward-looking statements which are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact the Company's earnings in future periods.  Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition, changes in accounting principles, policies, or guidelines, changes in legislation or regulation, and other economic, competitive, governmental, regulatory, and technological factors affecting the Company's operations, pricing, products, and services. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Further information concerning the Company and its business, including additional factors that could materially affect the Company's financial results is available at www.firstbanktrust.com or by faxing a request for a copy of our latest press release to 217.465.0285. First BancTrust Corporation stock is traded Over-the-Counter (OTCQX). Investors can view First BancTrust Corporation's security quotes and profile on www.otcmarkets.com under ticker symbol, "FIRT". 

… Table follows …

First BancTrust Corporation
Selected Financial Information
(in thousands of dollars except share data)
Balance Sheet Data						Dec. 31,		Dec. 31,
						2016		2015
						(unaudited)
Total Assets						$  453,548		$ 450,299
Cash And Cash Equivalents						18,337		12,424
Investment Securities						58,210		58,857
FHLB Stock						2,610		2,610
Loans Held For Sale						324		463
Loans, Net of Allowance for    Loan Losses of $4,686 and $4,550						346,346		348,568
Deposits						362,902		359,465
Federal Home Loan Bank Advances						36,000		36,000
Stockholders' Equity						43,933		42,757
Book Value Per Common Share						$21.79		$20.51
Summary Of Operations	Three Months Ended					Year Ended
	12/31/2016		12/31/2015			12/31/2016		12/31/2015
	(unaudited)					(unaudited)
Interest Income	$      4,497		$   4,515			$    17,843		$   17,422
Interest Expense	805		871			3,268		3,275
Net Interest Income	3,692		3,644			14,575		14,147
Provision For Loan Losses	120		220			480		580
Net Interest Income After Provision For Loan Losses	3,572		3,424			14,095		13,567
Noninterest Income	1,212		1,075			4,572		4,271 Werbung Mehr Nachrichten zur FIRST BANCTRUST CORP Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 10:00 - PR Newswire Moonpig Group Plc - Holding(s) in Company 08:54 - PR Newswire Samson Rock Capital LLP - Form 8.3 - Spirent Communications PLC SolarBank    Wie die Revolution der sauberen Energie eine solide Investitionsmöglichkeit bieten könnte weiterlesen» Anzeige wo-site-teaser-box-16755_site-teaser-box_2024-04-25_09%253A00%253A00_2024-04-26_09%253A00%253A59