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Wilmington, Del. —
Wilmington Trust reported a loss of $11.2 million for the 2009 fourth quarter and a loss of $4.4 million for the 2009 full year.
The main factors affecting the fourth quarter and full-year results were:
- Increases in advisory revenue
- Increases in the provision for loan losses, which reduced net interest income
- Securities losses
- Preferred stock dividends and discount accretion
Wilmington Trust reported a loss of $11.2 million for the 2009 fourth quarter and a loss of $4.4 million for the 2009 full year.
The main factors affecting the fourth quarter and full-year results were:
- Increases in advisory revenue
- Increases in the provision for loan losses, which reduced net interest income
- Securities losses
- Preferred stock dividends and discount accretion
