Wednesday, Aug 24, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

MBT Financial posts $1.5M 2nd-period profit

MONROE — MBT Financial Corp., parent of Monroe Bank & Trust, posted a second-quarter profit of $1.5 million. That is nearly six times what the bank’s profit was in the same period last year, though that included a significant tax expense.

On a per-share basis, the company earned 8 cents in the quarter, compared with 1 cent last year.

The bank said loan demand continues to be weak, but Chief Executive Officer H. Douglas Chaffin said the bank expects to see an improvement as the economy continues to improve.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…