First Bancshares, Inc. Announces Second Quarter Fiscal 2010 Results

First Bancshares, Inc. (“Company”) (NASDAQ – FstBksh: FBSI), the holding company for First Home Savings Bank (“Bank”), today announced earnings for the second quarter of its fiscal year ending June 30, 2010.

For the quarter ended December 31, 2009, the Company had net income of $47,000, or $0.03 per share” diluted, compared to a net loss of $3.0 million, or ($1.94) per share” diluted for the comparable period in 2008. The increase in net income for the quarter ended December 31, 2009 when compared to the prior year is attributable primarily to the absence of a $51,000 negative provision for loan losses in the quarter ended December 31, 2009, compared to a provision of $4.2 million in the quarter ended December 31, 2008. In addition there was a decrease in non-interest expense between the quarters. [Read the full article]

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FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–BankAtlantic (NYSE:BBX – News), Florida Most Convenient Bank announced today that Mr. Chuck Mohr, BankAtlantic South Florida President and Regional Executive for Broward and Miami-Dade counties, is the 2010 recipient of the Chair Award presented by the Chairman of the Board of Directors of the Greater Fort Lauderdale Chamber of Commerce (GFLCC).

The Chair Award is in recognition and appreciation of Mr. Mohr outstanding leadership and dedicated volunteerism within the Greater Fort Lauderdale Chamber of Commerce.

“For one hundred years, the GFLCC has been committed to serving the community and helping to promote future economic growth and development, and today recognition is a testament of Mr. Mohr commitment to the Chamber mission, and to the people and business community of Fort Lauderdale,” commented Mr. [Read the full article]

Shares of New York Community Bancorp (NYB) are climbing to new highs, but the options volume is in the puts. NYB is up another 1.3 percent today to $15.61, adding to gains that had shares posting a new 52-week closing high yesterday after being down near $10 in early November. Today’s action follows an upgrade by Citigroup. More than 4,000 March 14 puts changed hands for $0.15 across several exchanges, with the biggest blocks–up to 709–all bought. The open interest had been 593 contracts, so there were new opening positions.This put buying might be seen as bearish positioning, but with NYB shares very active and tearing higher, the options are likely to be protection on long shares and actually bullish or at least neutral on direction. (Chart courtesy of tradeMONSTER) Shares of New York Community Bancorp (NYB) are climbing to new highs, but the options volume is in the puts. [Read the full article]

WESTBURY, N.Y.–(BUSINESS WIRE)–New York Community Bancorp, Inc. (NYSE: NYB – News) (the “Company”) today announced that its chairman, president, and chief executive officer, Joseph R. Ficalora, will participate in the American Bankers Association Community Bank Investor Conference to be held in New York City on Thursday, February 18, 2010. Mr. Ficalora presentation is scheduled to begin at 9:00 a.m. Eastern Time and will focus on the Company fourth quarter 2009 performance and its business strategies, including its recent acquisition of the deposits and certain assets of AmTrust Bank.

A simultaneous webcast of the presentation, including any questions and answers, will be available at the Company web site, [Read the full article]

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