First Bancorp announces net loss
First Bancorp, the parent company of First Bank, announced a net loss available to common shareholders of $3.3 million, or per diluted common share, for the three months ended Dec. 31 compared with net income available to common shareholders of $4.3 million, or $0.25 per diluted common share, for the same period in 2009.
BankAtlantic Bancorp, still reeling from real estate loan woes, reported a net loss of $20.5 million for the first quarter, continuing a long stream of red ink at the Fort Lauderdale-based bank holding company.