PBIB Porter Bancorp, Inc. featured news, full reports, and detailed charts
Porter Bancorp, Inc. (PBIB) Wrap Up:
We are a bank holding company headquartered in Louisville, Kentucky. We are the sixth largest independent banking organization domiciled in the state of Kentucky based on total assets. Through our subsidiary PBI Bank, we operate 19 full-service banking offices in 12 counties in Kentucky. Our markets include metropolitan Louisville in Jefferson County and the surrounding counties of Henry and Bullitt, and extend south along the Interstate 65 corridor to Tennessee. We serve south central Kentucky and southern Kentucky from banking offices in Cumberland, Butler, Green, Hart, Edmonson, Barren, Warren, Ohio, and Daviess Counties. We also have an office in Lexington, Kentucky, the second largest city in Kentucky. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f27%2f0001193125-08-066946.html#FIS_BUSINESS"Porter Bancorp Inc. (PBIB:NASDAQ)
Snapshot of Porter Bancorp Inc. (PBIB)
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OPEN
$14.74
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PREVIOUS CLOSE
$14.76
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DAY HIGH
$15.31
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DAY LOW
$14.55
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52 WEEK HIGH
11/24/08 - $17.48
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52 WEEK LOW
03/9/09 - $9.10
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MARKET CAP
129.4M
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AVERAGE VOLUME 3 mo
8.8K
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DILUTED EPS TTM
$1.31
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SHARES OUTSTANDING
8.8M
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EX-DATE
09/11/09
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P/E TTM
11.3x
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DIVIDEND
$0.80
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DIVIDEND YIELD
5.41%
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| K = Thousands M = Millions B = Billions | ||
PBIB Top Compensated Officers
Executives, Board Directors
Key developments for Porter Bancorp Inc. (PBIB)
Porter Bancorp Inc. - Conference Presentation Calls
Porter Bancorp Inc. announced that its Board of Directors declared a 5% stock dividend. The dividend is payable on November 19, 2009, to shareholders of record as of November 12, 2009. The stock dividend is in addition to Porter Bancorp's quarterly cash dividend.
Porter Bancorp Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. The company reported net income of $4.5 million, or $0.49 per fully diluted common share, for the third quarter of 2009, compared with $4.1 million, or $0.50 per fully diluted common share, for the third quarter of 2008. Net interest income increased 15.6% to $14.4 million, an increase of $1.9 million, compared with $12.4 million for the same period in 2008. Interest income was $23.8 million, compared with $25.1 million for the same period in 2008. Net interest income after provision was $12.4 million, compared with $11.2 million for the same period in 2008. Income before income taxes was $6.8 million, compared with $6.1 million for the same period in 2008. Net income available to common was $4.05 million, compared with $4.1 million for the same period in 2008. Return on average assets was 1.07% compared with 1.03% for the same period in 2008. Return on average equity was 10.68% compared with 12.73% for the same period in 2008. The growth in earnings benefited from an increase in net interest income, and non-interest income and a decrease in non-interest expense. Earnings for the nine months ended September 30, 2009, were $10.8 million, or $1.13 per fully diluted common share, compared with $11.7 million, or $1.41 per fully diluted common share, for the same period of 2008. Net interest income rose 9.5% to $39.2 million, an increase of $3.4 million, compared with $35.7 million for the same period in 2008. The increase in net interest income was primarily attributable to an increase in average earning assets and decreased cost of funds compared with 2008. Interest income was $70.9 million, compared with $75.8 million for the same period in 2008. Net interest income after provision was $33.9 million, compared with $33.1 million for the same period in 2008. Income before income taxes was $16.3 million, compared with $17.5 million for the same period in 2008. Net income available to common was $9.4 million, compared with $11.7 million for the same period in 2008. Return on average assets was 0.85% compared with 1.00% for the same period in 2008. Return on average equity was 8.67% compared with 12.36% for the same period in 2008. Book value per common share was $16.32 as on September 30, 2009 compared with $15.42 as on September 30, 2008.
PBIB Competitors
| Company | Last | Change |
| Citizens Holding Co | $21.99 USD | -0.54 |
| Home Bancorp Inc | $12.29 USD | +0.07 |
| MidSouth Bancorp Inc | $12.94 USD | -0.08 |
| Penseco Financial Services Corp | $31.50 USD | 0.00 |
| United Security Bancshares Inc | $15.98 USD | -0.48 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | PBIB | Industry Range |
| Price/Earnings | 11.1x |
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| Price/Sales | 2.6x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | 9.8x |
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| TEV/Sales | NM | Not Meaningful |
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PBIB |
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PBIB transactions
| Type Date |
Target |
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Merger/Acquisition
October 23, 2009 |
Citizens First Corp. |
More Recent News About Porter Bancorp, Inc.
More news for PBIB
Porter Bancorp, Inc. Declares 5% Stock Dividend
LOUISVILLE, Ky.--(BUSINESS WIRE)--Porter Bancorp, Inc. (NASDAQ: PBIB - News), parent company of PBI Bank, announced today that its Board of Directors declared a 5% stock dividend. The dividend is payable on November 19, 2009, to shareholders of record as of November 12, 2009. Fractional shares arising from the stock dividend will be rounded up to the nearest whole share and will be credited to shareholders. The stock dividend is in addition to Porter Bancorp’s quarterly cash dividend. “We are pleased to reward shareholders with the dividend shares as part of our program to increase long-term shareholder value,†stated Maria L. Bouvette, President and CEO of Porter Bancorp, Inc. “We believe the additional shares will contribute to increased trading activity and liquidity in our stock. As a result of the stock dividend, our outstanding shares will increase by approximately 417,000 to approximately 8.8 million.â€About Porter Bancorp, Inc.Porter Bancorp, Inc., a bank holding company headquartered in Louisville, Kentucky, had $1.7 billion in assets as of September 30, 2009. Through Porter’s subsidiary PBI Bank, it operates 18 full service banking offices in 11 counties in Kentucky. Porter Bancorp’s common stock is traded on the Nasdaq Global Market under the symbol “PBIB.â€Forward-Looking StatementsStatements in this press ...Click here to read the whole Article (external link)
Porter Bancorp Commences Exchange Offer for Citizens First Corporation
LOUISVILLE, Ky.--(BUSINESS WIRE)--Porter Bancorp, Inc. (NASDAQ: PBIB - News) announced today that it has commenced an exchange offer to acquire all of the outstanding common shares of Citizens First Corporation (NASDAQ: CZFC - News) for $9.00 per share. CZFC shareholders will have an option to receive $9.00 in cash, or 0.5686 Porter common shares, or $4.50 in cash and 0.2843 Porter common shares. The exchange offer is scheduled to expire at 5:00 P.M., ET, on December 22, 2009, unless extended or terminated. On October 15, 2009, Porter Bancorp announced that it had entered into option agreements to purchase approximately 15.8% of the Citizens First common stock for $9.00 per share, raising its beneficial ownership to 19.7% of the outstanding Citizens First common stock. At that time, Porter Bancorp also renewed its ongoing invitation to Citizens First’s board of directors to discuss a possible business combination. In the absence of a response, Porter Bancorp has decided to present its offer directly to the shareholders of Citizens First.“We believe this proposed transaction makes compelling business sens...Click here to read the whole Article (external link)
PORTER BANCORP, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Show all filings for PORTER BANCORP, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for PORTER BANCORP, INC. 19-Oct-2009Other Events, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informatio...Click here to read the whole Article (external link)
PORTER BANCORP, INC. Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations This item analyzes our financial condition, change in financial condition and results of operations. It should be read in conjunction with the unaudited condensed consolidated financial statements and accompanying notes presented in Part I, Item 1 of this report. Cautionary Note Regarding Forward-Looking Statements This report contains statements about the future expectations, activities and events that constitute forward-looking statements under the Private Securities Litigation Reform Act. Forward-looking statements are based on our beliefs, assumptions and expectations of our future financial and operating performance and growth plans, taking into account information currently available to us. These statements are not statements of historical fact. The words "believe," "may," "should," "anticipate," "estimate," "expect," "intend," "objective," "seek," "plan," "strive" or similar words, or the negatives of these words, identify forward-looking statements. Forward-looking statements involve risks and uncertainties that may cause our actual results to differ materially from the expectations of future results we expressed or implied in any forward-looking statements. These risks and uncertainties can be difficult to predict and may be out of our control. Factors that could contribute to differences in our results include, but are not limited to the factors listed in Part II, Item 1A - Risk Factors in this report and the more detailed risks identified, and the cautionary statements included in our December 31, 2008 Annual Report on Form 10-K. Forward-looking statements are not guarantees of performance or results. A forward-looking statement may include a statement of the assumptions or basis underlying the forward-looking statement. The Comp...Click here to read the whole Article (external link)
PORTER BANCORP, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Show all filings for PORTER BANCORP, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for PORTER BANCORP, INC. 9-Nov-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for i...Click here to read the whole Article (external link)
PORTER BANCORP, INC. Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue25,838 25,540 24,988 26,284 Cost of Revenue8,190 9,468 9,918 10,810 Gross Profit - 16,072 15,070 15,474 Operating ExpensesResearch Development - - - - Selling General and Administrative7,584 8,228 7,276 6,824 Non Recurring - - - 471 Others2,000 1,600 1,600 2,740 Total Operating Expenses - - - - Operating Income or Loss - 6,244 6,194 5,439 Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes8,064 6,244 6,194 5,439 Interest Expense1,238 1,364 1,617 1,998 Income Before Tax6,826 4,880 4,577 3,441 Income Tax Expense2,290 1,635 1,516 1,101 Minority Interest - - - - Net Income From Continuing Ops4,536 3,245 3,061 2,340 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - ...Click here to read the whole Article (external link)