Business

Farmers Capital earnings fall 25 percent

Frankfort-based Farmers Capital Bank Corp. announced first-quarter earnings this week that fell 25 percent compared to the same period a year ago.

Net income was $3.3 million in the quarter compared to $4.4 million in the first quarter of 2008. Earnings per share were 39 cents in the quarter, down from 59 cents a year ago.

The company, which has 37 locations throughout Central and Northern Kentucky, said net interest income fell 3.5 percent, while interest income on loans fell 12.4 percent. The company also increased its provision for loan losses by $574,000, an increase of 52.1 percent compared to a year ago.

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