First Bankers Trustshares Inc. reports strong earnings in 2012

Posted: Jan. 31, 2013 9:10 am Updated: Feb. 25, 2013 9:15 am


First Bankers Trustshares Inc. has released an earnings report after what President and CEO Arthur Greenbank described as "one of the best years in the history of our company."

Shareholders had earnings of $3.28 per share in 2012, up from $2.60 per share the previous year. The company had a 12 percent increase in assets, reaching $805 million at the end of 2012, compared to $722 million at the end of 2011. Bank deposits increased nearly 13 percent to $658 million. Loan balances also increased about 7 percent to $407 million for the year.

The book value of common stock in the company has risen to $26.76 per share and the dividend will be increased to 16 cents per quarter this year.

First Bankers Trust Services Inc., the trust company subsidiary, had $4.7 billion in assets under management at the end of 2012, up from $3.5 billion at the end of 2011.