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 quarter ended March 31, 2011. The Company reported that its first quarter 2011 net income, before the preferred dividend, was $1.0 million compared with net income, before the preferred dividend, of $1.1 million in the first quarter of 2010. Net income available to common shareholders was $251,000, or $0.01 per fully diluted share, for the first quarter of 2011 compared with $386,000, or $0.02 per fully diluted share, for the first quarter of 2010. The first quarter net income available to common shareholders was net of a preferred stock dividend of $769,000 in 2011 and $739,000 in 2010.