MONROE, Mich., Oct. 28, 2010 (GLOBE NEWSWIRE) -- MBT Financial Corp., (Nasdaq:MBTF), the parent company of Monroe Bank & Trust, reported a net loss of $4.3 million, or $0.27 per share, in the third quarter of 2010, compared to the loss of $2.3 million, or $0.14 per share in the third quarter of 2009. The loss was due to continuing elevated credit costs and a decrease in the net interest income. The Company reported a year to date net loss of $4.4 million, or $0.27 per share, compared to the loss of $9.1 million, or $0.56 per share for the first nine months of 2009. The pre-tax loss for the quarter was $4.3 million, or $0.27 per share compared to $4.1 million, or $0.25 per share. The year to date pre-tax loss of $4.4, or $0.27 per share is significantly lower than the pre-tax loss last year of $15.5 million, or $0.96 per share.
MBT Financial Corp. Announces Third Quarter Results
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