CHARLESTON, S.C., July 26, 2010 (GLOBE NEWSWIRE) -- First Financial Holdings, Inc. ("First Financial" or the "Company") (Nasdaq:FFCH), the holding company for First Federal Savings and Loan Association of Charleston ("First Federal" or the "Association"), today reported results for the third quarter of its fiscal year ending September 30, 2010. The net loss for the quarter ended June 30, 2010 was ($12.0) million compared to net income before extraordinary item of $5.2 million from the comparative quarter ended June 30, 2009. Basic and diluted loss per share was ($0.73) for the current quarter, compared to $0.44 income per basic and diluted share before the extraordinary item for the quarter ended June 30, 2009. Including the preferred stock dividend and related accretion, the net loss to common shareholders was ($13.0) million, or ($0.79) per diluted share, for the third quarter, compared to net income of $33.1 million, or $2.83 per diluted share, for the third quarter one year ago. Net loss and diluted loss per share for the nine months ended June 30, 2010 totaled ($35.6) million or ($2.16) compared with a net income before extraordinary item of $1.7 million or $0.15 per diluted share, for the nine months ended June 30, 2009.
First Financial Holdings, Inc. Announces Third Quarter Fiscal 2010 Results And Quarterly Dividend Payment
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.