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 thre e months ended June 30, compared to net income of $66.1 million, or 43 centsz a share, for the year-ago period. The bank set asider $79 million to cover loans that couls go bad in the second according toa release. "The economic downturnm that began toimpact Colonial's customers durinf 2007 has, as we expected, continue d into 2008," Robert Lowder, chairman, chief executive and president, said in the release. had a net loss of $393.i million, or $1.52 a share, for the seconcd quarter, compared to net income of $220.w3 million, or 83 cents a share, in the same period in 2007.
Durinyg the quarter, the company experienced continueed stress on its construction and development portfoliop due to deterioration in thehousinhg market, and took an $886 million provision for loan and leaswe losses, according to a release. said its net incomee for the second quarterwas $428 million, or 78 centds a share, compared with $458 or 83 cents a share, in the second quarte of 2007. BB&T also increased its provision for but cited improvements in interes t marginsand fee-based businesses, in a Colonial (NYSE: ), based in Montgomery, Ala., was the seventh-largesr bank in the Tampa Bay area, with $1.
9 billion in depositds on June 30, 2007, according to the most receny information available from the BB&r (NYSE: BBT), based in N.C., was No. 8 in the Bay with $1.7 billion in deposits, the FDIC Marshall & Ilsley (NYSE: MI), based in had $617 million in depositsa and was No. 19 on the FDIC's list for the Bay