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Last $23.60 USD
Change Today +0.24 / 1.03%
Volume 11.9K
FFKT On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

farmers capital bank corp (FFKT) Key Developments

Farmers Capital Bank Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Farmers Capital Bank Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $13,003,000 against $13,679,000 a year ago. Income before income tax expense was $4,490,000 against $5,895,000 a year ago. Net income available to common shareholders was $3,849,000 or $0.51 per basic and diluted share against $2,833,000 or $0.38 per basic and diluted share a year ago. Return on average assets was 0.91% against 0.75% a year ago. Return on average equity was 9.39% against 7.77% a year ago, the increase in net income is primarily attributed to a lower provision for loan losses of $1.7 million and a reduction in net other real estate expense of $1.0 million, partially offset by an increase in salaries and employee benefits expense of $969,000 and a decrease in net interest income of $676,000 or 4.9%. Tangible book value per common share was $22.30 against $21.69 for the same period a year ago.

Farmers Capital Bank Corporation Announces Board Appointments

Farmers Capital Bank Corporation announced that Keith A. Thacker has been named assistant vice president, information technology. Mary C. Thomas has been named assistant vice president, finance.

Farmers Capital Bank Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2014

Farmers Capital Bank Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported Interest income of $15.671 million against $16.797 million a year ago. Net interest income was $13.330 million against $13.959 million a year ago. Net interest income after provision for loan losses was $14.774 million against $14.979 million a year ago. Income before income tax expense was $4.895 million against $4.207 million a year ago. Net income available to common shareholders was $3.781 million against $2.582 million a year ago. Basic and diluted net income per common share was $0.51 against $0.35 a year ago. Return on average assets was 0.92% against 0.67% a year ago. Return on average equity was 9.28% against 7.16% a year ago. The $133,000 decrease in net interest income was driven by lower interest income of $305,000 or 1.9%, which offset a decline in interest expense of $172,000 or 6.8%. For the year, the company reported Interest income of $64.352 million against $66.733 million a year ago. Net interest income was $54.199 million against $54.738 million a year ago. Net interest income after provision for loan losses was $58.563 million against $57.338 million a year ago. Income before income tax expense was $22.558 million against $17.881 million a year ago. Net income available to common shareholders was $14.532 million against $11.495 million a year ago. Basic and diluted net income per common share was $1.94 against $1.54 a year ago. Return on average assets was 0.92% against 0.74% a year ago. Return on average equity was 9.30% against 7.97% a year ago. Tangible per common share as at was $21.69 against $21.75 as at December 31, 2013. The company reported net loan charge-offs for the fourth quarter Ended December 31, 2014. Net loan charge-offs were $153,000 in the three months compared with net recoveries of $105,000 in the linked quarter.

Farmers Capital Bank Corporation Announces Executive Promotions

Farmers Capital Bank Corp. promoted two to executive vice president. Effective Jan. 1, Mark Hampton became executive vice president, CFO and secretary, and James Barsotti becameexecutive vice president and chief credit officer. Hampton and Barsotti were previously senior vice presidents for finance and internal audit, respectively. In addition, J. Bradford Southworth, a member of the internal audit team, was named senior vice president and chief internal auditor.

Farmers Capital Bank Corporation Announces Executive Changes

The Board of Directors of Farmers Capital Bank Corporation appointed Mark A. Hampton to be the company's Executive Vice President and Chief Financial Officer effective January 1, 2015. While Mr. Hampton will replace C. Douglas Carpenter as Chief Financial Officer, Mr. Carpenter will serve as Executive Vice President, Finance until next summer when he anticipates retiring. Hampton has concentrated on financial and regulatory reporting for significantly all of his years since joining the company in 1997, and was most recently named Senior Vice President in 2012.

 

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FFKT

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Valuation FFKT Industry Range
Price/Earnings 11.4x
Price/Sales 2.1x
Price/Book 1.0x
Price/Cash Flow 10.3x
TEV/Sales NM Not Meaningful
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