Independent Bank Corporation IBCP reported a fourth quarter 2010 net loss applicable to common stock of $4.9 million, or $0.65 per share, versus a loss of $49.2 million, or $20.49 per share, in the prior-year period.
The net loss applicable to common stock for the year ended Dec. 31, 2010 was $20.8 million, or $4.09 per share, compared to a loss of $94.5 million, or $39.60 per share, for all of 2009. The 2010 results include an $18.1 million gain on the extinguishment of debt that was recorded in June 2010.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in