First BancTrust Corporation Reports An Increase In Earnings Per Share For The Second Quarter

Second quarter 2017 noninterest income remained stable with a slight decrease of $39,000 to $1.1 million during the period. This decrease in noninterest income was primarily due to a decrease in net gains on loans sold into the secondary market which was somewhat offset by increased deposit related fee income. Franklin stated, "Operationally we had another very sound quarter that was characterized by a continuing positive trend in net interest income. We expect that our net interest income will be positively impacted in the future by this quarter's loan growth, continued loan growth as we grow our commercial loan portfolio, as well as the continuing effects of the FHLB restructuring."

Noninterest Expense

Noninterest expense for the second quarter of 2017 decreased $44,000, or 1.3%, to $3.2 million from the $3.3 million reported during the same quarter last year. Year over year expense has increased 1.2% with the most significant portion of the increase being in Salaries and Benefits and Data Processing. Franklin stated, "We are committed to managing our noninterest expense and we will continue to monitor our expenses closely to help ensure that they remain within budgeted expectations."

Asset Quality Remains Stable

Significant asset quality measures for year to date are:

• Nonperforming Loans to Total Loans were 0.8% at second quarter end 2017.
• Net Charge-offs to Total Loans were 0.2% for year-to-date.
• ALLL to Nonperforming Loans coverage was 154.8% at the end of second quarter 2017.

Carr stated, "Asset quality has remained stable quarter over quarter and, assuming normal economic conditions, we anticipate continued strong asset quality throughout 2017."

Capital Levels Remain Strong

On June 30, 2017, the Company had $466.2 million of total assets, $420.4 million of total liabilities and $45.8 million of stockholders' equity. First Bank & Trust remains a well-capitalized bank with a Tier 1 Ratio of 10.2%, a Common Equity Tier 1 Capital Ratio of 12.5%, a Tier 1 Capital Ratio of 12.5% and a Total Capital Ratio of 13.8%.

BOARD OF DIRECTORS DECLARES 22% QUARTERLY DIVIDEND INCREASE

The Board of Directors declared a 22% increase in the Company's quarterly cash dividend. The quarterly dividend increased from $0.09 to $0.11 per common share, payable September 15, 2017 to stockholders of record at the close of business on September 1, 2017. If this level remains, the annual dividend would increase from $0.36 to $0.44 per common share. "We have had several consistent years of earnings that have given us a solid capital base allowing for this increase," noted Franklin.

ABOUT FIRST BANCTRUST CORPORATION

First BancTrust Corporation, headquartered in Champaign, Illinois, is a bank holding company that serves the Champaign, Paris, Marshall, Rantoul, Martinsville and Savoy, Illinois communities through its wholly-owned commercial bank, First Bank & Trust, which has its main office in Paris, Illinois.  The Bank provides full-service commercial and consumer banking and trust and wealth management services.  First BancTrust Corporation common stock is traded on the OTCQX under the ticker symbol "FIRT". Investors can view trading information and our profile on www.otcmarkets.com.

Special Note Concerning Forward Looking Statements: 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
Selected Financial Information
(in thousands of dollars except share data)
Balance Sheet Data						June 30,		Dec. 31,
						2017		2016
						(unaudited)
Total Assets						$     466,208		$  453,548
Cash And Cash Equivalents						12,570		18,337
Investment Securities						59,751		58,210
FHLB Stock						1,345		2,610
Loans Held For Sale						664		324
Loans, Net of Allowance for Loan Losses of $4,676 and $4,686						364,870		346,346
Deposits						378,543		362,902
Federal Home Loan Bank Advances						31,000		36,000
Stockholders' Equity						45,834		43,933
Book Value Per Common Share						$22.76		$21.79
Summary Of Operations	Three Months Ended					Six Months Ended
	6/30/2017		6/30/2016			6/30/2017		6/30/2016
	(unaudited)					(unaudited)
Interest Income	$    4,549		$    4,418			$          8,933		$      8,852
Interest Expense	771		795			1,568		1,670
Net Interest Income	3,778		3,623			7,365		7,182
Provision For Loan Losses	185		120			305		240
Net Interest Income After Provision For Loan Losses	3,593		3,503			7,060		6,942
Noninterest Income	1,078		1,117			2,122		2,080 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 10:20 - PR Newswire Pentwater Capital Management LP - Form 8.3 - International Paper Company 21.05.24 - dpa-AFX Aktien New York: Wenig verändert - Zurückhaltung vor Zahlen von Nvidia Europäischer Marktführer    Mit dieser Aktie könntest Du von der Cannabis-Legalisierungswelle profitieren! weiterlesen» Anzeige wo-site-teaser-box-17032_site-teaser-box_2024-05-22_08%253A00%253A00_2024-05-23_09%253A00%253A59