U.S. Markets close in 2 hrs 31 mins

MBT: 4Q Earnings Snapshot

MONROE, Mich. (AP) _ MBT Financial Corp. (MBTF) on Monday reported net income of $3.9 million in its fourth quarter.

The Monroe, Michigan-based bank said it had earnings of 17 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 21 cents per share.

The bank holding company for Monroe Bank & Trust posted revenue of $15.4 million in the period. Its revenue net of interest expense was $14.8 million, which topped Street forecasts.

For the year, the company reported profit of $17.7 million, or 77 cents per share. Revenue was reported as $59.6 million.

MBT shares have climbed 11 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.35, a decline of 5 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBTF at https://www.zacks.com/ap/MBTF