Last $27.21 USD
Change Today 0.00 / 0.00%
Volume 0.0
KTYB On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

kentucky bancshares inc (KTYB) Snapshot

Open
$27.21
Previous Close
$27.21
Day High
$27.21
Day Low
$27.21
52 Week High
09/30/14 - $28.85
52 Week Low
05/9/14 - $23.75
Market Cap
74.0M
Average Volume 10 Days
179.3
EPS TTM
$2.34
Shares Outstanding
2.7M
EX-Date
12/17/14
P/E TM
11.6x
Dividend
$1.00
Dividend Yield
3.67%
Current Stock Chart for KENTUCKY BANCSHARES INC (KTYB)

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kentucky bancshares inc (KTYB) Details

Kentucky Bancshares, Inc. operates as a bank holding company for Kentucky Bank that provides commercial and consumer banking products and services. It accepts various deposit products, including checking, savings, money market accounts, certificates of deposit, interest and noninterest bearing deposits, and time deposits. The company also offers commercial, agricultural, and real estate loans to small-to-medium-sized industrial, service, and agricultural businesses; and residential mortgages, installment, and other loans to its individual and other non-commercial customers. In addition, it provides safe deposit facilities, credit cards, and other consumer-oriented financial services; brokerage services, annuities, life and long term care insurance, personal trust, and agency services; and Internet banking services, such as bill payment. The company operates through a network of offices located in Bourbon, Clark, Elliott, Fayette, Harrison, Jessamine, Madison, Rowan, Scott, and Woodford counties in Kentucky. Kentucky Bancshares, Inc. was founded in 1851 and is headquartered in Paris, Kentucky.

215 Employees
Last Reported Date: 11/13/14
Founded in 1851

kentucky bancshares inc (KTYB) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $236.9K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $119.3K
Chief Credit Officer and Executive Vice Presi...
Total Annual Compensation: $159.9K
Chief Administrative Officer, Senior Vice Pre...
Total Annual Compensation: $127.7K
Senior Vice President and Director of Sales &...
Total Annual Compensation: $123.1K
Compensation as of Fiscal Year 2013.

kentucky bancshares inc (KTYB) Key Developments

Kentucky Bancshares Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Kentucky Bancshares Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the nine months, the company reported interest income of $22,170,545 compared with $20,898,202 for the same period a year ago. Net interest income was $19,366,068 compared with $18,399,945 for the same period a year ago. Income before tax was $6,099,242 compared with $5,972,777 for the same period a year ago. Return on average assets was 0.91% compared with 0.90% for the same period a year ago. Return on average equity was 9.81% compared with 8.96% for the same period a year ago. Net income was $5,395,262 or $1.99 per diluted share against $4,861,119 or $1.80 per diluted share a year ago. The increase in quarterly earnings is primarily due to higher net interest income and lower income tax expense relative to the same period last year. For the quarter, the company reported interest income of $7,482,735 compared with $7,105,286 for the same period a year ago. Net interest income was $6,537,698 compared with $6,244,956 for the same period a year ago. Income before tax was $1,763,040 compared with $1,608,625 for the same period a year ago. Return on average assets was 0.85% compared with 0.75% for the same period a year ago. Return on average equity was 9.06% compared with 8.02% for the same period a year ago. Book value per share was $27.97 compared with $25.47 for the same period a year ago. Net income was $1,719,784 or $0.63 per diluted share against $1,366,877 or $0.51 per diluted share a year ago. The increase in year to date earnings is largely attributable to higher net interest income and lower provision expense.

Kentucky Bancshares Inc. Promotes Allen Johnson to Market President of Harrison County Region

Kentucky Bancshares Inc. announced that Allen Johnson has been promoted to Market President of Harrison County Region. Allen's strong background in both lending and agriculture will be most beneficial as he assumes his new responsibilities.

Kentucky Bancshares Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Kentucky Bancshares Inc. announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported interest income of $7,405,276 compared with $6,837,165 for the same period a year ago. Net interest income was $6,479,010 compared with $6,020,921 for the same period a year ago. Income before tax was $2,272,349 compared with $2,253,917 for the same period a year ago. Quarter to date net income increased from $1.79 million as of June 30, 2013 to $1.90 million as of June 30, 2014. Quarter to date diluted earnings per share increased 6.1% to $0.70 from $0.66 during the same period last year. The increase in quarterly earnings is primarily due to higher net interest income and lower income tax expense relative to the same period last year. Return on average assets was 0.97% compared with 1.00% for the same period a year ago. Return on average equity was 10.33% compared with 9.63% for the same period a year ago. For the six months, the company reported interest income of $14,687,810 compared with $13,792,916 for the same period a year ago. Net interest income was $12,828,370 compared with $12,154,989 for the same period a year ago. Income before tax was $4,336,202 compared with $4,364,152 for the same period a year ago. The company announced year to date net income increased 5.2% to $3.68 million as of June 30, 2014 from $3.49 million as of June 30, 2013. Year to date diluted earnings per share increased 5.4% to $1.36 from $1.29 during the same period last year. The increase in year to date earnings is largely attributable to higher net interest income and lower provision expense. Return on average assets was 0.94% compared with 0.98% for the same period a year ago. Return on average equity was 10.18% compared with 9.43% for the same period a year ago. Book value per share was $27.54 compared with $25.78 for the same period a year ago.

 

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Valuation KTYB Industry Range
Price/Earnings 11.6x
Price/Sales 2.1x
Price/Book 1.0x
Price/Cash Flow 11.6x
TEV/Sales NM Not Meaningful
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