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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, and releases can be found in the Related Links area of each article.
January 28
Fourth-quarter earnings at Republic Bancorp Inc. in Louisville, Ky., were up 15% from a year earlier, to $4.4 million as credit costs fell.
For the year, Republic's net income increased 54% from 2009, to $64.8 million. The results were released Wednesday.
The $3.6 billion-asset company's fourth-quarter loan-loss provision fell 67% from a year earlier, to $1.7 million. Nonperforming assets fell 16%, to $40 million, or 1.84% of total assets.
The reduction in credit expenses was offset by lower net interest income in the quarter, which fell 7% from a year earlier, to $25.4 million.
Republic said the decline was caused by low long-term interest rates and less demand for adjustable-rate mortgages. It said it expects net interest income to remain pressured in 2011.
