Porter Bancorp Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015
For the full year, the company reported interest income of $36,574,000 compared to $39,513,000 a year ago. Net interest income of $29,551,000 compared to $29,718,000 a year ago. Loss before income taxes were $3,213,000 compared to $12,738,000 a year ago. Net loss was $3,213,000 compared to $11,155,000 a year ago. Net loss attributable to the common shareholders was $2,877,000 compared to net income attributable to the common shareholders of $19,428,000 a year ago. Basic and diluted loss per share was $0.12 compared to basic and diluted income per share of $1.59 a year ago. Return on average assets were negative 0.33% compared to negative 1.06% a year ago. Return on average equity was negative 9.71% compared to negative 32.92% a year ago. Book value per common share was $1.09 compared to $1.67 a year ago. Tangible book
value per common share was $1.07 compared to $1.61 a year ago.