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-The Bank of Kentucky Financial Corporation reports fiscal results.

Global Banking News-October 21, 2011--The Bank of Kentucky Financial Corporation reports fiscal results(C)2011 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 21 October 2011

The Bank of Kentucky Financial Corporation (NASDAQ: BKYF), the holding company of The Bank of Kentucky Inc, has reported its net earnings for the third quarter ended September 30, 2011 were USD4.274m, an increase of 21 percent as compared to net income of USD3.528m for the same period in 2010.

For the third quarter ended September 30, 2011, net income available to common shareholders was USD4.013m, up 33 percent from USD3.013m a year ago. Earnings per diluted common share were USD0.54, an increase of 2 percent compared to USD0.53 in earnings per diluted common share in 2010.

For the nine months ended September 2011, the company has reported net income of USD11.580m, an increase of 45 percent over the net income of USD7.998m a year ago. Net income available to common shareholders was USD10.803m, an increase of 67 percent from the net income available to common shareholders of USD6.459m. Earning per diluted common share were USD1.45, an increase of 27 percent compared to USD1.14 in earnings per diluted common share a year ago.

Total assets were USD1.624bn at the end of the third quarter of 2011, which was USD114m, or 8 percent higher than the same date a year ago.

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Publication:Global Banking News (GBN)
Date:Oct 21, 2011
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