The Bank of Kentucky Financial Corp. on Thursday reported substantially increased net income and a slight increase in earnings per common share for the third quarter of 2011.
Although the increase in earnings per share was 2 percent for the third quarter, the corporation said that earnings were up 27 percent for the first nine months of 2011 over the same period of 2010.
Net income for the third quarter of 2011 was $4.3 million, up from $3.5 million in the same period last year. Earnings per common share were 54 cents, up from 53 cents, in both basic and diluted stock.
The Bank of Kentucky, based in Crestview Hills, operates bank branches and ATMs throughout Northern Kentucky.