Farmers Capital Q2 Profit Rises

7/18/2012 8:15 PM ET

Farmers Capital Bank Corp. (FFKT: Quote) Wednesday reported a second-quarter profit of $3.1 million, up from $169 thousand in the prior-year quarter.

On a per-share basis, company reported a profit of $0.36 per share, compared to a loss of $0.04 per share last year.

Net-interest income decreased to $13.4 million from $13.8 million last year. Non-interest income totaled $6.4 million, up from $6.3 million last year.

Provision for loan losses decreased to $1.3 million from $4.5 million last year.

Click here to receive FREE breaking news email alerts for Farmers Capital Bank Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 75 Articles

Editors Pick

China May Leading Index Signals Weaker Economic Growth Ahead

A leading indicator of Chinese economic activity rose marginally in May and at a slower pace than a month earlier, suggesting more sluggish growth for the overall economy in the months ahead. The Conference Board said that its leading economic indicator rose 0.3 percent month-on-month in May, slower than a 1.5 percent increase in April. Only three of the six components contributed positively.

Stocks Close Mostly Higher Despite Afternoon Pullback - U.S. Commentary

While lingering worries about the outlook for the Federal Reserve's stimulus program generated some selling pressure in afternoon trading on Monday, stocks managed to end the day mostly higher after seeing an early rally on the heels of some upbeat economic data. The major averages finished the session well off their best levels of the day but still posted strong gains.

Poll Shows Sharp Drop In Obama's Approval Rating

In an apparent backlash from the numerous scandals facing the administration, the results of a new CNN/ORC International survey released Monday showed a sharp drop in President Barack Obama's approval rating. The poll found that 45 percent of Americans approve of the way Obama is handling his job as president, down from 53 percent in a poll conducted last month.