This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

FedFirst Financial Corporation Announces Fourth Quarter And Year-to-Date 2010 Results

FedFirst Financial Corporation (NASDAQ Capital: FFCO; the “Company”), the parent company of First Federal Savings Bank, today announced a net loss of $356,000 for the three months ended December 31, 2010 compared to net income of $85,000 for the three months ended December 31, 2009. Basic and diluted loss per share were $(0.12) for the three months ended December 31, 2010 compared to earnings per share of $0.03 for the three months ended December 31, 2009.

The Company reported net income of $608,000 for the year ended December 31, 2010 compared to $557,000 for the year ended December 31, 2009. Basic and diluted earnings per share were $0.21 for the year ended December 31, 2010 compared to $0.19 for the year ended December 31, 2009.

Per share amounts for prior periods have been adjusted to reflect the share exchange as a result of the completion of the Company’s conversion from the mutual holding company form of organization to the stock holding company form on September 21, 2010.

“2010 was a significant year for us in a number of ways," said Patrick G. O'Brien, President and CEO. "We successfully completed our conversion to the stock holding company form of organization, raising $15.4 million of new capital in the process. We also paid our first dividend, which we view as an important element in our plan to provide value to shareholders. In addition, we are pleased to report an increase in annual earnings despite a significant charge to income in the fourth quarter related to the sale of the private label securities portfolio. We took this one time loss in order to strengthen our balance sheet and better position us for the future. Although many financial institutions continue to struggle with non-performing assets, our asset quality remains strong. At year-end, nonperforming assets were less than 0.5% of total assets and credit costs had declined from the prior year.”

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs