First Financial Holdings CEO Discusses Q4 2010 Results – Earning Call Transcript
Before we begin, I need to remind you that during the course of this call, the company may make forward-looking statements about future events and future financial performance, management plans, objectives or goals for future operations, products or services, forecasts on financial and other performance measures and statement about the company’s general outlook for economic and business condition. You should not undue reliance on any forward-looking statement which speaks only as of the date made. These statements are subject to numerous finance factors that could cause actual results to differ materially from those anticipated or projected. For a list of some of these factors, please see the company’s forward-looking statement disclosure on our fourth quarter and fiscal year-end 2010 earnings release.
I will now turn the call over to Wayne.
R. Wayne Hall
Thanks D.B. Good afternoon everyone and thank you for joining us on the call today and for your interest on First Financial. I encourage you to review our fourth quarter and fiscal year-end earnings release if you have not done so already. As D.B. mentioned, it is available on our website and we will be taking questions at the end of the call. We have completed one most difficult and challenging years for our company and the country. The financial sector as a whole has been dramatically affected by economic downturn over the last 24 months. While we recorded a loss for the year, gain levels are encouraging, our capital remains strong and we believe that we are well-positioned for when the economy turns to a more positive (inaudible) direction. We have made (inaudible) investments and (inaudible) capital over the last year. Our talented and skilled management team is leading the company to fundamental stability, improve deficiencies, and we are executing on a strategic initiatives. We are pleased with the results of this quarter and the (inaudible) improvements that we have posted. I will like to review some highlights with you.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV