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AND TRUST FINANCIAL CORP.
For Immediate Release
C. Harril Whitehurst, Jr.
Executive Vice President and CFO
VILLAGE BANK AND TRUST FINANCIAL CORP.
REPORTS RESULTS OF OPERATIONS FOR THE FIRST QUARTER 2017
Midlothian, Virginia, April 28, 2017. Village Bank and Trust Financial Corp. (the “Company”) (NASDAQ symbol: VBFC), parent company of Village Bank (the “Bank”), today reported unaudited results for the first quarter of 2017. Net income for the first quarter of 2017 was $415,000, down by $105,000, or 20%, from net income of $520,000 for the fourth quarter of 2016, but an improvement of $13,000, or 3%, from net income of $402,000 for the first quarter of 2016. Net income available to common shareholders, which deducts from net income the dividends on preferred stock, amounted to $257,000, or $0.18 per fully diluted share, for the first quarter of 2017, compared to $330,000, or $0.23 per fully diluted share, for the fourth quarter of 2016, and $224,000, or $0.16 per fully diluted share, for the first quarter of 2016.
The following information was filed by Village Bank Trust Financial Corp. (VBFC) on Friday, April 28, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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