First Bankers Trust earnings up 26 percent

First Bankers Trust earnings up 26 percent

3 months, 2 weeks ago

President/CEO calls it one of the company's best years ever

First Bankers Trustshares, Inc. released its earnings for 2012. Arthur E. Greenbank, President/CEO reported that earnings per share increased 26% from $2.60 per share in 2011 to $3.28 per share in 2012.

Greenbank said “This has been one of the best years in the history of our Company.”

First Bankers Trust Company, N. A., showed a 12% increase in assets to $805 million at the end of 2012 compared to $722 million in 2011. Deposits for the Bank increased almost 13% from a 2011 total of $584 million to $658 million in 2012. Loan balance also increased in 2012 to $407 million from $375 million in 2011.

First Bankers Trust Services, Inc., the Trust Company subsidiary, now has $4.7 billion in assets under management as of December 31, 2012, compared to $3.5 billion the prior year.

The Company’s return on equity was 12.84% in 2012 verses 11.26% in 2011. Greenbank reported that the dividend being paid to shareholders will increase almost 7% from $0.15 per share to $0.16 per in 2013; and the book value per share of the Company stock increased to $26.76 from $24.08 in 2012.