BancTrust Financial Group, Inc. Reports Fourth Quarter and Fiscal 2011 Results

MOBILE, Ala.--(BUSINESS WIRE)--BancTrust Financial Group, Inc. (NASDAQ: BTFG) today reported its financial results for the fourth quarter and year ended December 31, 2011. Fourth quarter net loss before the preferred dividend was $195,000 in 2011 compared with net income of $974,000 for the fourth quarter of 2010. Net loss to common shareholders was $971,000, or $0.05 per diluted share, for the fourth quarter of 2011 compared with net income available to common shareholders of $207,000, or $0.01 per diluted share, for the fourth quarter of 2010. For the year ended December 31, 2011, BancTrust reported net income before the preferred dividend of $1.7 million compared to net income before the preferred dividend of $3.9 million in 2010. For 2011, BancTrust reported a net loss to common shareholders of $1.4 million, or $0.08 per diluted share compared with net income available to common shareholders of $842,000, or $0.05 per diluted share, in 2010.