BancTrust Financial Group, Inc. Reports Third Quarter Results

MOBILE, Ala.--(BUSINESS WIRE)--BancTrust Financial Group, Inc. (NASDAQ: BTFG) today reported its financial results for the third quarter and nine months ended September 30, 2011. Net income before the preferred dividend was $31,000 in the third quarter of 2011 compared with $807,000 for the same period in 2010. Net loss to common shareholders was $743,000, or $0.04 per diluted share, for the third quarter of 2011 compared with net income to common shareholders of $43,000, or $0.00 per diluted share, for the third quarter of 2010. For the first nine months of 2011, BancTrust reported a net loss to common shareholders of $457,000, or $0.03 per diluted share, compared with net income available to common shareholder of $635,000, or $0.04 per diluted share, in the first nine months of 2010.