Porter Bancorp Reports 2017 Net Income of $37.5 Million or $6.15 per Share Compared to 2016 Net Loss of $2.7 Million or ($0.46) per Share
PORTER BANCORP (PBIB)
US:NASDAQ Investor Relations:
pbibank.com
Company Research
Source: Business Wire
Reversal of Deferred Tax Asset Valuation Allowance LOUISVILLE, Ky.--(BUSINESS WIRE)-- Porter Bancorp, Inc. (NASDAQ: PBIB), parent company of PBI Bank, today reported unaudited results for the fourth quarter of 2017. The Company reported net income attributable to common shareholders for the fourth quarter of 2017 of $32.5 million, or $5.31 per basic and diluted common share, compared to a net loss attributable to common shareholders of $6.4 million, or ($1.07) per basic and diluted share, for the fourth quarter of 2016. Net income attributable to common shareholders for the year ended December 31, 2017, was $37.5 million, or $6.15 per basic and diluted common share, compared to net loss attributable to common shareholders of $2.7 million, or ($0.46) per basic and diluted common share, for the year ended December 31, 2016. Net income before taxes was $6.6 million for the year ended December 31, 20
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