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Last $1.43 USD
Change Today -0.03 / -2.05%
Volume 15.5K
PBIB On Other Exchanges
Symbol
Exchange
NASDAQ CM
Berlin
As of 8:10 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

porter bancorp inc (PBIB) Snapshot

Open
$1.46
Previous Close
$1.46
Day High
$1.46
Day Low
$1.42
52 Week High
05/22/15 - $3.43
52 Week Low
12/31/14 - $0.46
Market Cap
36.8M
Average Volume 10 Days
58.9K
EPS TTM
$1.73
Shares Outstanding
19.3M
EX-Date
09/13/11
P/E TM
0.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for PORTER BANCORP INC (PBIB)

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porter bancorp inc (PBIB) Details

Porter Bancorp, Inc. operates as the holding company for PBI Bank that provides commercial and personal banking products and services, and financial services in Central Kentucky and Louisville. The company offers deposit products, including checking, savings, and term certificate accounts, as well as NOW accounts, money market accounts, and fixed rate certificates. It provides commercial loans for equipment purchases, working capital, and other financing needs of business enterprises; and commercial real estate loans that include loans on properties occupied by the borrowers and on properties for commercial purposes, as well as construction and development loans secured by land under development, or homes and commercial buildings under construction. The company also offers residential real estate loans; consumer loans; agriculture loans secured by livestock, crops, and/or equipment; and other loans include loans to municipalities, loans secured by stock, and overdrafts. In addition, it provides drive-through banking facilities, automatic teller machines, night depository, personalized checks, credit and debit cards, Internet and mobile banking, treasury management services, remote deposit services, electronic funds transfers through ACH services, domestic and foreign wire transfers, travelers’ checks, cash management, vault services, lock box services, and loan and deposit sweep accounts. The company operates 17 banking offices in 12 counties in Kentucky. Porter Bancorp, Inc. was founded in 1902 and is headquartered in Louisville, Kentucky.

264 Employees
Last Reported Date: 03/30/15
Founded in 1902

porter bancorp inc (PBIB) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $375.0K
Chief Financial Officer, Chief Financial Offi...
Total Annual Compensation: $225.0K
Chief Credit Officer of PBI Bank
Total Annual Compensation: $235.0K
Executive Vice President of Pbi Bank and Head...
Total Annual Compensation: $230.0K
Compensation as of Fiscal Year 2014.

porter bancorp inc (PBIB) Key Developments

Porter Bancorp Inc. Proposes Amendment to Articles of Incorporation

Porter Bancorp Inc. at its Special Meeting to be held on September 23, 2015, proposed amendment Articles of Incorporation to assist Porter Bancorp Inc. in protecting the long-term value of the company's accumulated tax benefits by limiting transfers of common shares of the company that could result in an ownership change under Section 382 of the Internal Revenue Code and the impairment of those tax benefits.

Porter Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Net Charge-Offs for the Second Quarter of 2015

Porter Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's interest income was $9,167,000 compared to $10,166,000 a year ago. Net interest income was $7,339,000 compared to $7,614,000 a year ago. Net interest income after provision was $7,339,000 compared to $1,314,000 a year ago. Loss before income taxes was $2,130,000 compared to $7,541,000 a year ago. Net loss was $2,130,000 compared to $6,234,000 a year ago. Net loss attributable to common was $2,039,000 compared to $6,330,000 a year ago. Diluted loss per share was $0.08 compared to $0.53 a year ago. Negative return on average assets was 0.85% compared to 2.37% a year ago. Negative return on average equity was 25.30% compared to 66.48% a year ago. For the six months, the company's interest income was $18,370,000 compared to $20,063,000 a year ago. Net interest income was $14,629,000 compared to $14,914,000 a year ago. Net interest income after provision was $14,629,000 compared to $8,614,000 a year ago. Loss before income taxes was $1,536,000 compared to $7,828,000 a year ago. Net loss was $1,536,000 compared to $6,521,000 a year ago. Net loss attributable to common was $1,267,000 compared to $7,323,000 a year ago. Diluted loss per share was $0.06 compared to $0.61 a year ago. Negative return on average assets was 0.31% compared to 1.23% a year ago. Negative return on average equity was 9.15% compared to 35.25% a year ago. Book value per common share was $1.06 compared to negative book value per common share $0.59 a year ago. Tangible book value per common share was $1.03 compared to negative tangible book value per common share $0.67 a year ago. The company also announced net charge-offs of $1,788,000 for the second quarter of 2015 compared to $6,582,000 a year ago.

Porter Bancorp to Pay $1.1 Million to Settle Labor Dept. Lawsuit

Porter Bancorp in Louisville, Ky., has agreed to pay $1.1 million to settle a lawsuit alleging mismanagement of a former client's employee stock ownership plan. The PBI Bank had served as trustee for the ESOP of Miller's Health Systems, a Warsaw, Ind., operator of long-term care and assisted-living facilities. The U.S. Labor Department accused PBI Bank of advising the ESOP to purchase stock in Miller's Health Systems at a price higher than fair value. The advice was not given for the primary benefit of the plan participants. The $1.1 million settlement will be paid to the ESOP to restore losses to the plan's participants. PBI also agreed to pay $83,750 directly to Miller's Health Systems, and to pay penalties of $113,636 to the Labor Department. PBI Bank also agreed to a permanent ban on serving as a fiduciary or service provider to any plan covered under the Employee Retirement Income Security Act, except in very limited circumstances.

 

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Valuation PBIB Industry Range
Price/Earnings 1.0x
Price/Sales 1.0x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
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