Porter Bancorp Reports 2nd Quarter 2017 Net Income of $1.7 million or $0.27 per Diluted Share
PORTER BANCORP (PBIB)
US:NASDAQ Investor Relations:
pbibank.com
Company Research
Source: Business Wire
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Porter Bancorp, Inc. (NASDAQ: PBIB) (“the Company”), parent company of PBI Bank, today reported unaudited results for the second quarter of 2017. Net income available to common shareholders for the second quarter of 2017 was $1.7 million, or $0.27 per basic and diluted common share, compared with $979,000, or $0.17 per basic and diluted share, for the second quarter of 2016. Net income available to common shareholders for the six months ended June 30, 2017, was $3.3 million, or $0.54 per diluted common share, compared with net income available to common shareholders of $2.4 million, or $0.43 per diluted share, for the six months ended June 30, 2016. As compared to the same period in 2016, the Company’s performance for the quarter and six months ended June 30, 2017, reflected several positive developments, including: Improved net interest income and net i
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