BancTrust Financial Group, Inc. Reports Growth in Net Income for 2010

MOBILE, Ala.--(BUSINESS WIRE)--BancTrust Financial Group, Inc. (NASDAQ: BTFG) today reported its financial results for the fourth quarter and year ended December 31, 2010. The Company reported that net income available to common shareholders was $842,000, or $0.05 per diluted share, compared with a net loss of $124.3 million, or $7.06 per diluted share, for 2009. The 2009 results included a write-off of goodwill totaling $97.4 million, or $5.53 loss per diluted share.