Business

Earnings rise for Farmers Capital Bank

Farmers Capital Bank Corp. announced improved first-quarter earnings this week.

The Frankfort-based company earned $3.79 million, or 44 cents a share, for the first quarter. That's up from earnings of $3.31 million, or 38 cents a share, in the same period in 2012.

President Lloyd Hillard Jr. said in a statement that the company saw an overall increase in loans in the quarter.

"This reverses a string of fifteen consecutive quarters of decline," he said.

He also said that overall non-performing assets declined during the quarter to the lowest level since the third quarter of 2009.

"We have not reached our goal, but this is a positive step," he said.

Farmers Capital Bank operates 36 bank branches in 23 communities in Central and Northern Kentucky.

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