First Security Group Inc. has reported record net income for 2007.
The parent company of FSGBank said net income in 2007 totaled $11.4 million, a gain from $11.1 million in the previous fiscal year. Earnings per diluted share totaled 66 cents, an increase from 63 cents the year before.
FSG said net income in its latest quarter totaled $3.1 million, a six percent gain from the $2.9 million reported in the same period the year before. FSG said earnings per diluted share amounted to 18 cents, up from 17 cents in the same 2006 quarter.
See tomorrow’s Chattanooga Times Free Press for complete coverage.