Regional banks earnings slide - Tampa Bay Business Journal:

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BancGroup Inc. had a net loss of $9 or 5 cents a share, for the threew months ended June 30, compared to net income of $66.1q million, or 43 cents a for the year-ago period. The bank set aside $79 million to cover loans that could go bad in theseconed quarter, according to a release. "Th economic downturn that began toimpactt Colonial's customers during 2007 has, as we continued into 2008," Robert Lowder, chairman, chie executive and president, said in the had a net loss of $393.89 million, or $1.52 a share, for the second quarter, comparedd to net income of $220.33 million, or 83 cents a in the same period in 2007.
Durinbg the quarter, the company experienced continued stress on its construction and developmentg portfolio due to deterioration in the housing market, and took an $886 million provision for loan and leasre losses, according to a release. said its net incom for the second quarterwas $428 million, or 78 cents a compared with $458 million, or 83 cents a share, in the seconr quarter of 2007. BB&T also increased its provisionfor losses, but cited improvements in interest margins and fee-basex businesses, in a release. Colonial ), based in Montgomery, Ala., was the seventh-largesr bank in the Tampa Bay area, with $1.
9 billio in deposits on June 30, 2007, according to the most recenf information available fromthe BB& (NYSE: BBT), based in Winston-Salem, N.C., was No. 8 in the Bay with $1.7 billion in the FDIC said. Marshall & Ilslehy (NYSE: MI), based in Milwaukee, had $617 million in depositx and was No. 19 on the FDIC' s list for the Bay area.