Stocks to Watch: First Security Group Inc (NASDAQ:FSGI), Core-Mark Holding Company, Inc. (NASDAQ:CORE)
First Security Group Inc (NASDAQ:FSGI) posted fourth quarter loss of ($0.01) versus a loss of ($9.90); total interest income surged 1.0% to $8.15 million. Company reported net income available to common shareholders for 2013 of $11.4 million, as compared to a loss of $39.6 million for 2012. For fourth quarter of 2013, First Security reported a net loss allocated to common shareholders of $646 thousand, as compared to a $1.4 million loss in third quarter of 2013 and a $16.1 million loss for Q4 of 2012.
“Last fall, we stated that it was essential to achieve significant improvement in loan and revenue growth,” said Michael Kramer, First Security’s President and Chief Executive Officer. “With nearly $50 million of loan growth and over $1 million of improvement in non-interest expense in the fourth quarter, the momentum towards a return to operating profitability is real and within reach.”
First Security Group Inc (NASDAQ:FSGI) shares in current session are trading at $2.06.
Core-Mark Holding Company, Inc. (NASDAQ:CORE) announces rescheduled fourth quarter and year-end 2013 investor call. Core-Mark Holding Company, Inc. (NASDAQ:CORE) announced that it will release its earnings before the market opens on Monday, March 3, 2014 for the fourth quarter and year ended December 31, 2013 and will host an investor call later that morning at 9:00 a.m. Pacific time. Core-Mark Holding Company, Inc. shares rose 0.83% to $78.09 in current session.