BancTrust Financial Group, Inc. Reports Second Quarter Results

MOBILE, Ala.--(BUSINESS WIRE)--BancTrust Financial Group, Inc. (NASDAQ: BTFG) today reported its financial results for the second quarter and six months ended June 30, 2012. The Company reported a net loss to common shareholders of $12.8 million, or $0.71 per fully diluted share, for the second quarter of 2012 compared with net income available to common shareholders of $35,000, or $0.00 per fully diluted share, for the second quarter of 2011. The second quarter 2012 loss included a $13.7 million provision for loan losses compared with a $5.0 million provision for loan losses in the second quarter of 2011. For the six-month period ended June 30, 2012, BancTrust reported a net loss to common shareholders of $12.9 million, compared with net income available to common shareholders of $286,000 for the first six months of 2011.