Guaranty Federal Bancshares Inc. (Nasdaq: GFED), the Springfield-based holding company for Guaranty Bank, recorded profits of $1.2 million in the third quarter, a 133 percent increase compared to $522,000 earned in the same quarter last year.
Earnings per diluted share were 35 cents for the quarter ended Sept. 30, up from 9 cents per diluted share in third-quarter 2010, according to a company news release.
Guaranty officials said in the release they’ve focused on improving the bank’s net interest income, which was $5.3 million during the quarter, up from $4.2 million in the same quarter of the previous fiscal year.
As of Sept. 30, Guaranty’s assets were $672.7 million, down from $682.7 million at the end of the same quarter in 2010. Deposits were $492.7 million during the quarter. Guaranty Federal shares closed Dec. 7 at $6.40, compared to a 52-week range of $3.40 to $7.14.
Great Southern earns $6.5M Great Southern Bancorp Inc. (Nasdaq: GSBC), the Springfield-based holding company for Great Southern Bank, recorded third-quarter net income of $6.5 million, a 4.7 percent uptick from earnings of $6.2 million in the same quarter last year.
Earnings per diluted share dropped 5 cents to 33 cents, due to a $1.2 million reduction in earnings available to common shareholders. According to a company news release, the reduction reflected a one-time, noncash charge occurring when the company exited the U.S. Department of the Treasury’s Capital Purchase Program and entered into its Small Business Lending Fund program.
Great Southern shares closed Dec. 7 at $21.60, compared to a 52-week range of $15.01 to $24.49.
First Bancshares posts loss Mountain Grove-based First Bancshares Inc. (Nasdaq: FBSI), holding company for 11 First Home Savings Bank branches, posted a first-quarter net loss of $288,700, compared to a loss of $66,045 in the same quarter last year.
The company – which operates a Springfield branch at 2655 S. Campbell Ave. – recorded a 19-cent loss per share for the first quarter, compared to a 4-cent loss per share for the same period a year ago.
At the end of the quarter, First Bancshares’ total assets were $204.1 million.
The company’s shares closed Dec. 7 at $4.80, compared to a 52-week range of $4.80 to $9.49.
Regions earnings jump 200% Birmingham, Ala.-based Regions Financial Corp. (NYSE: RF) recorded third-quarter profits of $155 million, a 200 percent increase compared to a net loss of $155 million in the same quarter of 2010.
The holding company for Regions Bank, which has locations in Springfield, posted third-quarter earnings of 8 cents per diluted share, up from a loss of 17 cents per share during the same period last year, according to a news release.
The company has reduced its work force by 3 percent from the same time last year, according to the release.
Regions’ loans in the investor real estate portfolio declined 2 percent, or $1.5 billion, but loans in the middle-market commercial and industrial customer segments grew 12.9 percent. The company had a $355 million provision for loan losses during the quarter, compared to $760 million a year ago, the release said.
Regions has $130 billion in assets.
The company’s shares closed Dec. 7 at $4.15, compared to a 52-week range of $2.82 to $8.09.
Bank of America profits rise Charlotte, N.C.-based Bank of America Corp. (NYSE: BAC), holding company for seven Bank of America branches in Springfield, recorded $6.2 billion in net income in the third quarter, a 185 percent increase compared to a net loss of $7.3 billion in the same quarter last year.
Earnings per share for the three months ended Sept. 30 were 56 cents, compared to a 77-cent loss per share in third-quarter 2010, according to a company news release.
At the end of the quarter, total loans and leases were $932 billion, roughly flat from the same time last year, assets were $2.22 trillion and deposits were $1.04 trillion.
Shares of Bank of America closed Dec, 6 at $5.89, compared to a 52-week range of $5.03 to $15.31.
UMB 3Q earnings up to $26M Kansas City-based UMB Financial Corp. (Nasdaq: UMBF), which operates two UMB Bank branches in Springfield, posted third-quarter profits of $26 million, a 14.2 percent increase compared to the same quarter in 2010. Earnings per diluted share were 64 cents, up 7 cents from third-quarter 2010, according to a news release.
As of Sept. 30, the company’s assets were $12.1 billion, while its deposits were $9.4 billion.
UMB shares closed Dec. 7 at $36.07, compared to a 52-week range of $30.49 to $45.81. [[In-content Ad]]
Thai Garden LLC launched; Norman, Oklahoma-based Traffic Engineering Consultants Inc. opened a Springfield office; and mobile app Ozarks Connect got its start.
