Community Bankers Trust Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015
For the year, net interest income was $40,055,000 against $41,792,000 a year ago. This increase was driven by volume increases in loans, from an average balance of $646.0 million in the fourth quarter of 2014 to $711.8 million in the fourth quarter of 2015. This resulted in an increase of $684,000 in interest and fees on loans in the fourth quarter of 2015 compared with the same period in 2014. Net loss before income taxes was $5,124,000 against net income before income taxes of $10,244,000 a year ago. Net loss available to common shareholders was $2,497,000 against net income available to common shareholders of $7,269,000 a year ago. Diluted LPS was $0.11 compared to EPS of $0.33 a year ago.