Reversal of Deferred Tax Asset Valuation
Allowance
Porter Bancorp, Inc. (NASDAQ: PBIB), parent company of
PBI Bank, today reported unaudited results for the fourth
quarter of 2017. The Company reported net income attributable to
common shareholders for the fourth quarter of 2017 of $32.5
million, or $5.31 per basic and diluted common share, compared to a
net loss attributable to common shareholders of $6.4 million, or
($1.07) per basic and diluted share, for the fourth quarter of
2016.
Net income attributable to common shareholders for the year
ended December 31, 2017, was $37.5 million, or $6.15 per basic and
diluted common share, compared to net loss attributable to common
shareholders of $2.7 million, or ($0.46) per basic and diluted
common share, for the year ended December 31, 2016. Net income
before taxes was $6.6 million for the year ended December 31, 2017,
compared to a net loss before taxes of $2.7 million for the year
ended December 31, 2016.
Net income for 2017 was impacted by the reversal of the
Company’s deferred tax asset valuation allowance and the change in
federal corporate tax rates in connection with the enactment of the
Tax Cuts and Jobs Act of 2017. The net result of these two items
was an income tax benefit of $31.9 million for 2017.
Reversal of Deferred Tax Asset Valuation Allowance and Change
in Federal Corporate Tax Rate – The Company has had a full
valuation allowance against its net deferred tax asset since 2011.
The Company’s ability to utilize the net deferred tax asset depends
upon generating sufficient future levels of taxable income. The
determination to restore a deferred tax asset and eliminate a
valuation allowance depends upon the evaluation of both positive
and negative evidence regarding the likelihood of achieving
sufficient future taxable income levels. During the fourth quarter
of 2017, management concluded it was more-likely-than-not the asset
would be utilized to reduce future taxes payable related to the
future taxable income of the Company, and as such, reversed the
valuation allowance. The positive evidence that outweighed the
negative evidence evaluated by management in arriving at the
conclusion to remove the valuation allowance included, but was not
limited to, the following:
- positive cumulative pre-tax earnings
over the prior three-year period ended December 31, 2017
- growth in net interest income, stable
non-interest income trends, and lower non-interest expense
trends
- improvement in asset quality which
increases management’s ability to forecast future taxable income
and achieve forecasted results
- the Company’s net operating loss
(“NOLs”) carryforwards do not begin to expire until 2032, and
- the Bank’s Consent Order was terminated
in the fourth quarter of 2017
As a result of the conclusion to reverse the valuation
allowance, the Company recorded an income tax benefit of $52.2
million for the year ended December 31, 2017. On December 22, 2017,
the Tax Cuts and Jobs Act of 2017 was signed into law. Among other
significant changes to the tax code, the new law lowered the
federal corporate tax rate from 35% to 21% beginning in 2018. As a
result, the Company revalued its net deferred tax asset at the new
21% rate. Due to this revaluation, the Company recorded a $20.3
million charge to income tax expense for the year ended December
31, 2017. The combination of the reversal of the valuation
allowance and the change in federal corporate tax rates resulted in
an income tax benefit of $31.9 million for the year ended December
31, 2017.
Net Interest Income – Net interest income before
provision for loan losses was $8.0 million for the fourth quarter
of 2017, compared to $7.8 million in the third quarter of 2017, and
$7.3 million in the fourth quarter of 2016. Average loans increased
to $695.6 million for the fourth quarter of 2017, compared with
$669.6 million in the third quarter of 2017, and $619.6 million for
the fourth quarter of 2016. Net interest margin increased to 3.50%
for the fourth quarter of 2017, compared to 3.44% for the third
quarter of 2017, and 3.35% for the fourth quarter of 2016.
The yield on earning assets increased to 4.24% for the fourth
quarter of 2017, compared to 4.16% for the third quarter of 2017,
and 4.01% for the fourth quarter of 2016. The cost of interest
bearing liabilities was 0.88% for the fourth quarter of 2017,
compared to 0.85% for the third quarter of 2017, and 0.78% for the
fourth quarter of 2016.
Negative Provision and Allowance for Loan Losses –
Because of continuing improvement in asset quality and management’s
assessment of risk in the loan portfolio, a negative provision for
loan losses of $800,000 was recorded for 2017, compared to a
negative provision for loan losses of $2.5 million for 2016. The
negative provision of $800,000 was recorded in the fourth quarter
of 2017, compared to a negative provision of $550,000 in the fourth
quarter of 2016.
The allowance for loan losses to total loans was 1.15% at
December 31, 2017, compared to 1.32% at September 30, 2017, and
1.40% at December 31, 2016. The reduced level of the allowance in
2017, compared to 2016 was primarily driven by declining charge-off
levels, growth in the portfolio, improving trends in credit
quality, and the negative provision. Net loan recoveries were
$35,000 for 2017, compared to net loan charge-offs of $624,000 for
2016. The allowance for loan losses for loans evaluated
collectively for impairment was 1.13% at December 31, 2017,
compared with 1.27% at September 30, 2017, and 1.37% at December
31, 2016.
Non-performing Assets – Non-performing assets, which
include loans past due 90 days and still accruing, loans on
nonaccrual, and other real estate owned (“OREO”), decreased to $9.9
million, or 1.02% of total assets at December 31, 2017, compared
with $12.1 million, or 1.26% of total assets at September 30,
2017, and $16.0 million, or 1.70% of total assets, at December 31,
2016.
Non-performing loans decreased to $5.5 million, or 0.77% of
total loans at December 31, 2017, compared with $5.8 million,
or 0.85% of total loans at September 30, 2017, and $9.2 million, or
1.44% of total loans, at December 31, 2016. The decrease from the
previous year was primarily driven by $5.0 million in principal
payments received on nonaccrual loans, $270,000 of nonaccrual loans
migrating to OREO, and $665,000 of charge-offs offset by $2.3
million in loans placed on nonaccrual during 2017. OREO at December
31, 2017, decreased to $4.4 million, compared with $6.3 million at
September 30, 2017, and $6.8 million at December 31, 2016. During
the year, the Company sold $793,000 in OREO and acquired $270,000
in new OREO properties. Fair value write-downs arising from lower
marketing prices or new appraisals totaled $2.0 million for 2017,
compared to $1.2 million in 2016.
The following table details past due loans and non-performing
assets as of:
December 31,
2017
September 30,
2017
June 30,
2017
March 31,
2017
December 31,
2016
(in thousands) Past due loans: 30 – 59 days $ 1,478 $ 872 $ 1,328 $
972 $ 2,302 60 – 89 days 171 612 765 289 315 90 days or more 1 — —
— — Nonaccrual loans 5,457 5,769 6,509
8,102 9,216
Total past due and nonaccrual loans
$
7,107
$
7,253
$ 8,602 $ 9,363 $ 11,833
Loans past due 90 days or more
$
1
$
—
$ — $ — $ — Nonaccrual loans 5,457 5,769 6,509 8,102 9,216 OREO
4,409 6,330 6,318 6,571 6,821 Other repossessed assets —
— — — —
Total non-performing assets
$
9,867
$
12,099
$ 12,827 $ 14,673 $ 16,037
In addition to nonaccrual loans and OREO, loans classified as
Troubled Debt Restructures (TDRs) and on accrual totaled $1.2
million at both December 31, 2017 and September 30, 2017, compared
to $5.4 million at December 31, 2016.
Non-interest Income – Non-interest income increased
$91,000 to $4.9 million for the year ended December 31, 2017,
compared with $4.8 million for the year ended December 31, 2016.
The increase between years was primarily attributable to a $295,000
increase in service charges on deposit accounts, a $123,000
increase in bank card interchange fees, and a $72,000 increase in
net gain on sales of securities partially offset by no income from
OREO in 2017, compared to $456,000 of OREO income in 2016.
Non-interest income increased $382,000 to $1.5 million for the
fourth quarter of 2017, compared with $1.1 million for the fourth
quarter of 2016. The increase was due primarily to a net gain on
sale of securities of $293,000 compared to $29,000 in the fourth
quarter of 2016.
Non-interest Expense – Non-interest expense decreased
$9.3 million to $30.2 million for the year ended December 31, 2017,
compared with $39.6 million for the year ended December 31, 2016.
The decrease in non-interest expense was due primarily to lower
litigation and loan collection expense, which decreased $8.6
million. Litigation expense was negatively impacted in the fourth
quarter of 2016 by a ruling from the Kentucky Court of Appeals
against the Bank that approximated $8.0 million. Non-interest
expense also benefited from declining professional fees expense,
salaries and employee benefits, and FDIC insurance expense.
Non-interest expense decreased $6.7 million to $8.9 million for
the fourth quarter of 2017, compared with $15.6 million for the
fourth quarter of 2016. The decrease was due primarily to the
nonrecurring nature of the 2016 litigation expense of $8.0
partially offset by a $1.8 million increase in OREO expenses
primarily resulting from fair value write-downs arising from lower
marketing prices or new appraisals.
Capital – At December 31, 2017, PBI Bank’s Tier 1
leverage ratio was 8.70%, compared with 6.24% at December 31, 2016,
and its Total risk-based capital ratio was 11.61% at December 31,
2017, compared with 9.88% at December 31, 2016. At December 31,
2017, PBI Bank’s Common equity Tier I risk-based capital ratio was
10.35%, compared with 8.28% at December 31, 2016.
At December 31, 2017, Porter Bancorp’s Tier 1 leverage ratio was
7.11%, compared with 5.27% at December 31, 2016, and its Total
risk-based capital ratio was 10.55%, compared with 10.21% at
December 31, 2016. Porter Bancorp’s Common equity Tier I risk-based
capital ratio was 6.92%, compared with 5.20% at December 31,
2016.
Deferred Tax Assets and Liabilities – The Company has a
net deferred tax asset of $31.3 million at December 31, 2017.
Deferred tax assets and liabilities are shown below.
December 31, December
31, 2017 2016 (in thousands) Deferred tax
assets: Net operating loss carry-forward $ 25,645 $ 42,094
Allowance for loan losses 1,723 3,139 Other real estate owned
write-down 2,432 3,366 Other 2,388 7,607
32,188 56,206 Deferred tax liabilities:
FHLB stock dividends 557 928 Other 318 1,229
875 2,157 Net deferred tax assets before
valuation allowance 31,313 54,049 Valuation
allowance — (54,049 ) Net deferred tax asset $ 31,313
$ —
Forward-Looking Statements
Statements in this press release relating to Porter Bancorp’s
plans, objectives, expectations or future performance are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The words “believe,”
“may,” “should,” “anticipate,” “estimate,” “expect,” “intend,”
“objective,” “possible,” “seek,” “plan,” “strive” or similar words,
or negatives of these words, identify forward-looking statements.
These forward-looking statements are based on management’s current
expectations. Porter Bancorp’s actual results in future periods may
differ materially from those indicated by forward-looking
statements due to various risks and uncertainties, including our
ability to reduce our level of higher risk loans such as commercial
real estate and real estate development loans, reduce our level of
non-performing loans and other real estate owned, and increase net
interest income in a low interest rate environment, as well as our
need to increase capital. These and other risks and uncertainties
are described in greater detail under “Risk Factors” in the
Company’s Form 10-K and subsequent periodic reports filed with the
Securities and Exchange Commission. The forward-looking statements
in this press release are made as of the date of the release and
Porter Bancorp does not assume any responsibility to update these
statements.
Additional Information
Unaudited supplemental financial information for the quarter and
year ending December 31, 2017, follows.
PORTER BANCORP, INC.Unaudited
Financial Information(in thousands, except share and per share
data)
Three Months Ended Years Ended
12/31/17 9/30/17 12/31/16 12/31/17
12/31/16
Income Statement Data Interest income $ 9,717 $ 9,446 $
8,781 $ 37,522 $ 35,602 Interest expense 1,716
1,659 1,465 6,405 5,981
Net interest income 8,001 7,787 7,316 31,117 29,621 Provision
(negative provision) for loan losses (800 ) —
(550 ) (800 ) (2,450 ) Net interest income after
provision 8,801 7,787 7,866 31,917 32,071 Service charges on
deposit accounts 636 568 536 2,253 1,958 Bank card interchange fees
259 245 212 972 849 Other real estate owned income — — 5 — 456 Bank
owned life insurance income 103 103 101 412 417 Gains (losses) on
sales and calls of securities, net 293 — 29 288 216 Other
207 266 233 930
868 Non-interest income 1,498 1,182 1,116 4,855 4,764
Salaries & employee benefits 3,657 3,683 3,884 15,090 15,508
Occupancy and equipment 919 836 1,013 3,420 3,517 Professional fees
202 232 317 978 1,568 Marketing expense 218 364 267 1,098 973 FDIC
insurance 357 356 202 1,412 1,660 Data processing expense 325 321
298 1,256 1,185 State franchise and deposit tax 281 225 200 956 965
Other real estate owned expense 1,881 111 257 1,973 1,541
Litigation and loan collection expense 58 78 8,230 179 8,805 Other
1,030 969 952 3,856
3,845 Non-interest expense 8,928 7,175 15,620
30,218 39,567 Income (loss) before income taxes 1,371 1,794
(6,638 ) 6,554 (2,732 ) Income tax expense (benefit) (31,899
) — — (31,899 ) 21 Net
income (loss) 33,270 1,794 (6,638 ) 38,453 (2,753 ) Less: Earnings
(loss) allocated to participating securities 797
45 (202 ) 967 (88 ) Net income
(loss) attributable to common $ 32,473 $ 1,749 $ (6,436 ) $
37,486 $ (2,665 ) Weighted average shares – Basic
6,109,991 6,102,452 6,035,403 6,091,932 5,788,713 Weighted average
shares – Diluted 6,109,991 6,102,452 6,035,403 6,091,932 5,788,713
Basic earnings (loss) per common share $ 5.31 $ 0.29 $ (1.07
) $ 6.15 $ (0.46 ) Diluted earnings (loss) per common share $ 5.31
$ 0.29 $ (1.07 ) $ 6.15 $ (0.46 ) Cash dividends declared per
common share $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
PORTER BANCORP, INC.Unaudited
Financial Information(in thousands, except share and per share
data)
Three Months Ended Years
Ended 12/31/17 9/30/17 12/31/16
12/31/17 12/31/16
Average Balance Sheet Data Assets $ 960,269 $ 951,687 $
925,721 $ 947,961 $ 929,140 Loans 695,646 669,592 619,640 667,474
621,275 Earning assets 916,561 907,723 878,470 904,069 875,262
Deposits 862,625 870,623 847,168 864,278 852,717 Long-term debt and
advances 50,335 36,046 27,753 38,057 27,675 Interest bearing
liabilities 774,507 777,597 748,159 773,247 760,656 Stockholders’
equity 41,397 39,159 42,696 37,851 39,423
Performance Ratios Return on average assets 13.75 % 0.75 %
(2.85 )% 4.06 % (0.30 )% Return on average equity 318.85 18.18
(61.85 ) 101.59 (6.98 ) Yield on average earning assets (tax
equivalent) 4.24 4.16 4.01 4.18 4.11 Cost of interest bearing
liabilities 0.88 0.85 0.78 0.83 0.79 Net interest margin (tax
equivalent) 3.50 3.44 3.35 3.48 3.42 Efficiency ratio 96.98 80.00
185.89 84.68 115.80
Loan Charge-off Data Loans
charged-off $ (226 ) $ (67 ) $ (547 ) $ (901 ) $ (2,629 )
Recoveries 201 159 575
936 2,005 Net recoveries (charge-offs)
$ 25 $ 92 $ 28 $ 35 $ (624 )
Nonaccrual Loan
Activity Nonaccrual loans at beginning of period $ 5,769 $
6,509 $ 10,099 $ 9,216 $ 14,087 Net principal pay-downs (488 )
(1,068 ) (1,251 ) (4,952 ) (5,286 ) Charge-offs (137 ) (57 ) (434 )
(665 ) (1,725 ) Loans foreclosed and transferred to OREO — (130 )
(30 ) (270 ) (1,273 ) Loans returned to accrual status — — (283 )
(199 ) (1,034 ) Loans placed on nonaccrual during the period
313 515 1,115 2,327
4,447 Nonaccrual loans at end of period $
5,457 $ 5,769 $ 9,216 $ 5,457 $ 9,216
Troubled Debt Restructurings
(TDRs)
Accruing $ 1,217 $ 1,226 $ 5,350 $ 1,217 $ 5,350 Nonaccrual
1,829 1,932 3,374 1,829
3,374 Total $ 3,046 $ 3,158 $ 8,724 $ 3,046 $
8,724
Other Real Estate Owned (OREO) Activity
OREO at beginning of period $ 6,330 $ 6,318 $ 7,098 $ 6,821 $
19,214 Real estate acquired — 130 30 270 1,273 Valuation adjustment
write-downs (1,865 ) (98 ) (210 ) (1,963 ) (1,180 ) Proceeds from
sales of properties (55 ) (30 ) (98 ) (793 ) (12,708 ) Gain (loss)
on sales, net (1 ) 10 1
74 222 OREO at end of period $ 4,409 $
6,330 $ 6,821 $ 4,409 $ 6,821
PORTER BANCORP, INC.Unaudited
Financial Information(in thousands, except share and per share
data)
As of 12/31/17 9/30/17
6/30/17 3/31/17 12/31/16
Assets Loans $ 712,115 $ 682,511 $ 654,938 $ 664,183
$ 639,236 Allowance for loan losses (8,202 ) (8,977 )
(8,885 ) (8,966 ) (8,967 ) Net loans 703,913
673,534 646,053 655,217 630,269 Loans held for sale 70 — — — —
Securities held to maturity — 41,424 41,635 41,752 41,818
Securities available for sale 152,720 149,797 154,993 156,001
152,790 Federal funds sold & interest bearing deposits 25,966
37,812 51,413 32,329 56,867 Cash and due from financial
institutions 8,137 9,557 9,297 5,456 9,449 Premises and equipment
16,789 16,975 17,164 17,687 17,848 Bank owned life insurance 15,229
15,131 15,033 14,935 14,838 FHLB Stock 7,323 7,323 7,323 7,323
7,323 Other real estate owned 4,409 6,330 6,318 6,571 6,821
Deferred taxes, net 31,313 — — — — Accrued interest receivable and
other assets 4,932 5,082 5,228
5,083 7,154
Total Assets
$ 970,801 $ 962,965 $ 954,457 $ 942,354
$ 945,177
Liabilities and Equity Certificates
of deposit $ 424,235 $ 445,577 $ 458,068 $ 470,029 $ 444,639
Interest checking 99,383 94,523 97,169 104,811 103,876 Money market
151,388 156,905 153,700 122,434 142,497 Savings 34,632
35,946 36,363 36,380
34,518 Total interest bearing deposits 709,638
732,951 745,300 733,654 725,530 Demand deposits 137,386
133,896 129,518 127,049
124,395 Total deposits 847,024 866,847 874,818
860,703 849,925 FHLB advances 11,797 16,847 2,158 17,313 22,458
Junior subordinated debentures 23,250 23,475 23,700 23,925 24,150
Senior debt 10,000 10,000 10,000 — — Accrued interest payable and
other liabilities 6,057 5,728
5,388 4,908 15,911 Total
liabilities 898,128 922,897 916,064 906,849 912,444
Preferred stockholders’ equity 2,771 2,771 2,771 2,771 2,771 Common
stockholders’ equity 69,902 37,297
35,622 32,734 29,962
Total stockholders’ equity 72,673 40,068
38,393 35,505 32,733
Total Liabilities and Stockholders’ Equity $ 970,801
$ 962,965 $ 954,457 $ 942,354 $ 945,177
Ending shares outstanding 6,259,864 6,259,864
6,259,864 6,247,520 6,224,533
Book value per common share $
11.17 $ 5.96 $ 5.69 $ 5.24 $ 4.81
Tangible book value per common
share 11.17 5.96 5.69 5.23 4.79
PORTER BANCORP, INC.Unaudited
Financial Information(in thousands, except share and per share
data)
As of 12/31/17 9/30/17
6/30/17 3/31/17 12/31/16
Asset Quality Data Loan 90 days or more past due still on
accrual $ 1 $ — $ — $ — $ — Nonaccrual loans 5,457
5,769 6,509 8,102
9,216 Total non-performing loans 5,458 5,769 6,509 8,102
9,216 Real estate acquired through foreclosures 4,409 6,330 6,318
6,571 6,821 Other repossessed assets — —
— — — Total
non-performing assets $ 9,867 $ 12,099 $ 12,827
$ 14,673 $ 16,037 Non-performing loans
to total loans 0.77 % 0.85 % 0.99 % 1.22 % 1.44 % Non-performing
assets to total assets 1.02 1.26 1.34 1.56 1.70 Allowance for loan
losses to non-performing loans 150.27 155.61 136.50 110.66 97.30
Allowance for loans evaluated individually $ 219 $ 425 $ 254
$ 332 $ 399 Loans evaluated individually for impairment 7,173 7,509
8,273 9,891 15,131 Allowance as % of loans evaluated individually
3.05 % 5.66 % 3.07 % 3.36 % 2.64 % Allowance for loans
evaluated collectively $ 7,983 $ 8,552 $ 8,631 $ 8,634 $ 8,568
Loans evaluated collectively for impairment 704,942 675,002 646,665
654,292 624,105 Allowance as % of loans evaluated collectively 1.13
% 1.27 % 1.33 % 1.32 % 1.37 % Allowance for loan losses to
total loans 1.15 % 1.32 % 1.36 % 1.35 % 1.40 %
Loans by
Risk Category Pass $ 673,033 $ 633,203 $ 610,356 $ 617,361 $
586,430 Watch 25,715 35,167 29,433 26,442 30,431 Special Mention
164 598 604 492 497 Substandard 13,203 13,543 14,545 19,888 21,878
Doubtful — — — —
—
Total $ 712,115 $ 682,511 $ 654,938 $
664,183 $ 639,236
Risk-based Capital Ratios - Company
Tier I leverage ratio 7.11 % 5.85 % 5.65 % 5.43 % 5.27 % Common
equity Tier I risk-based capital ratio 6.92 5.49 5.58 5.29 5.20
Tier I risk-based capital ratio 8.44 7.31 7.46 7.09 6.99 Total
risk-based capital ratio 10.55 10.05 10.44 10.15 10.21
Risk-based Capital Ratios – PBI Bank Tier I leverage ratio
8.70 % 7.73 % 7.54 % 6.37 % 6.24 % Common equity Tier I risk-based
capital ratio 10.35 9.66 9.97 8.33 8.28 Tier I risk-based capital
ratio 10.35 9.66 9.97 8.33 8.28 Total risk-based capital ratio
11.61 11.10 11.50 9.89 9.88
FTE employees 217 217 221
230 238
Non-GAAP Financial Measures Reconciliation
Tangible book value per common share is a non-GAAP financial
measure derived from GAAP-based amounts. Tangible book value per
common share is calculated by excluding the balance of intangible
assets from common stockholders’ equity. Tangible book value per
common share is calculated by dividing tangible common equity by
common shares outstanding, as compared to book value per common
share, which is calculated by dividing common stockholders’ equity
by common shares outstanding. Management believes this is
consistent with bank regulatory agency treatment, which excludes
tangible assets from the calculation of risk-based capital.
The efficiency ratio is a non-GAAP measure of expense control
relative to revenue from net interest income and fee income. The
efficiency ratio is calculated by dividing total non-interest
expenses as determined under GAAP by net interest income and total
non-interest income, but excluding net gains on the sale of
securities from the calculation. Management believes this provides
a reasonable measure of primary banking expenses relative to
primary banking revenue.
As of 12/31/17 9/30/17
6/30/17 3/31/17 12/31/16
Tangible Book Value Per Share (in thousands, except share
and per share data) Common stockholder’s equity $ 69,902 $
37,297 $ 35,622 $ 32,734 $ 29,962 Less: Intangible assets —
— — 42 140
Tangible common equity 69,902 37,297 35,622 32,692 29,822
Shares outstanding 6,259,864 6,259,864
6,259,864 6,247,520
6,224,533 Tangible book value per common share $ 11.17 $
5.96 $ 5.69 $ 5.23 $ 4.79 Book value per common share 11.17 5.96
5.69 5.24 4.81 Three Months Ended Year Ended
12/31/17 9/30/17 12/31/16 12/31/17 12/31/16
Efficiency Ratio
(in thousands) Net interest income $ 8,001 $ 7,787 $ 7,316 $
31,117 $ 29,621 Non-interest income 1,498 1,182 1,116 4,855 4,764
Less: Net gain (loss) on securities 293 —
29 288 216 Revenue
used for efficiency ratio 9,206 8,969
8,403 35,684 34,169
Non-interest expense 8,928 7,175 15,620 30,218 39,567
Efficiency ratio
96.98
%
80.00
%
185.89
%
84.68
%
115.80
%
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180124006115/en/
Porter Bancorp, Inc.John T. Taylor, 502-499-4800Chief Executive
Officer
Grafico Azioni Porter Bancorp, Inc. (delisted) (NASDAQ:PBIB)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni Porter Bancorp, Inc. (delisted) (NASDAQ:PBIB)
Storico
Da Mag 2023 a Mag 2024