Integra Bank 1Q
Click here for more about Integra Bank’s first quarter: “The net loss for the first quarter of 2010 was $53.9 million or $2.61 per diluted share compared to $96.1 million or $4.64 per diluted share for the fourth quarter of 2009. This loss was driven primarily by provision for loan losses which was $52.7 million, an increase of $22.2 million from the $30.5 million in the fourth quarter of 2009. The fourth quarter 2009 results included a non-cash charge of 75.6 million which resulted from our decision to fully reserve our deferred tax assets.
During the first quarter we made adjustments to our problem asset disposition strategy and are now focused on quicker disposition of our non-performing assets as opportunities arise.”
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