BancTrust Financial Group, Inc. Reports First Quarter Results

MOBILE, Ala.--(BUSINESS WIRE)--BancTrust Financial Group, Inc. (NASDAQ: BTFG) today reported its financial results for the first quarter ended March 31, 2012. The Company reported first quarter 2012 net income, before preferred dividends, of $636,000 compared with net income, before preferred dividends, of $1.0 million in the first quarter of 2011. Net loss to common shareholders was $142,000, or $0.01 per fully diluted share, for the first quarter of 2012, compared with net income available to common shareholders of $251,000, or $0.01 per fully diluted share, for the first quarter of 2011. The first quarter 2012 results included capital raise expenses of $2.0 million, or $0.11 per diluted share. There were no similar costs incurred in the first quarter of 2011.