-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, V4qFxNkWkl11TFQAYssD5Wl6VirlnZcAUqdlzGSqW3wtRsAfEBurLDR2vLG0GFiV WaWlc9N9XN0YeatPTos2UQ== 0000713095-03-000006.txt : 20030421 0000713095-03-000006.hdr.sgml : 20030421 20030421113422 ACCESSION NUMBER: 0000713095-03-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030418 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030421 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FARMERS CAPITAL BANK CORP CENTRAL INDEX KEY: 0000713095 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 611017851 STATE OF INCORPORATION: KY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14412 FILM NUMBER: 03656474 BUSINESS ADDRESS: STREET 1: PO BOX 309 STREET 2: 202 W MAIN ST CITY: FRANKFORT STATE: KY ZIP: 40602 BUSINESS PHONE: 5022271668 MAIL ADDRESS: STREET 1: P O BOX 309 STREET 2: 202 WEST MAIN STREET CITY: FRANKFORT STATE: KY ZIP: 40602 8-K 1 a8k041803.txt 8-K, FARMERS CAPITAL BANK CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report April 18, 2003 -------------- FARMERS CAPITAL BANK CORPORATION ------------------------------------------------------ (Exact name of registrant as specified in its charter) Kentucky -------------------------------------------- State or other jurisdiction of incorporation 0-14412 61-1017851 - ---------------------------------------- ------------------------------------ (Commission File Number) (I.R.S. Employer Identification No.) P.O. Box 309 Frankfort, Kentucky 40602 - ---------------------------------------- ------------------------------------ (Address of principle executive offices) (Zip Code) Registrant's telephone number, including area code: (502) 227-1600 Not Applicable ------------------------------------------------------------- (Former name or former address, if changed since last report) Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits Exhibit 99.1 - Press Release Dated April 18, 2003. Item 9. Regulation FD Disclosures The following information is being furnished under Item 12 - Results of Operations and Financial Condition, of this Form 8-K in accordance with interim guidance issued by the SEC in release No. 33-8216. On April 18, 2003 Farmers Capital Bank Corporation issued a press release announcing its earnings for the first quarter ended March 31, 2003. A copy of the press release is attached hereto as Exhibit 99.1 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused the report to be signed on its behalf by the undersigned hereunto duly authorized. Farmers Capital Bank Corporation April 21, 2003 By:/s/ G. Anthony Busseni -------------------------------------- G. Anthony Busseni President and Chief Executive Officer EX-99 3 pr041803.txt PRESS RELEASE 4-18-03 Exhibit 99.1 Press Release Dated April 18, 2003 NEWS RELEASE April 18, 2003 FARMERS CAPITAL BANK CORPORATION ANNOUNCES FIRST QUARTER EARNINGS Frankfort, Kentucky - Farmers Capital Bank Corporation reported net income of $3,593,000 for the first quarter of 2003, a decrease of $189,000 or 5.0% compared to $3,782,000 for the same period in 2002. Basic net income per share was $.53 for the current quarter, a decrease of $.02 or 3.6% compared to $.55 a year earlier. On a diluted per share basis, net income decreased $.01 or 1.9% to $.53 in the quarterly comparison. The 3.6% decrease in basic net income per share is 140 basis points better than the 5.0% decrease reported in dollar terms due to the effect of fewer common shares outstanding pursuant to the Company's stock purchase program. The decrease in net income is primarily attributed to a $450,000 or 75.4% decrease in gains on the sale of available for sale securities included in noninterest income. Other factors contributing to the decrease in net income include a $103,000 thousand or 1.0% decrease in net interest income to $10,052,000, a $264,000 or 218.2% increase in the provision for loan losses to $385,000, and a $102,000 or 1.1% increase in noninterest expenses to $9,139,000. Results that had a positive effect on net income include an increase in noninterest income (excluding securities gains) of $495,000 or 14.0% to $4,019,000 and a reduction in income tax expense of $235,000 or 17.6% to $1,101,000. Farmers Capital Bank Corporation is a financial holding company headquartered in Frankfort, Kentucky. The Company operates 23 banking locations in 13 communities throughout Kentucky, a leasing company, a data processing company, and an insurance agency. Its stock is publicly traded on the National Association of Securities Dealers Automated Quotation System (NASDAQ) SmallCap Market tier, under the symbol: FFKT. Consolidated Financial Highlights (In thousands except per share data) - -------------------------------------------------------------------------------- QUARTER ENDED MARCH 31, 2003 2002 ------------- -------------- Interest income $ 15,508 $ 16,948 Interest expense 5,456 6,793 ------------- -------------- Net interest income 10,052 10,155 Provision for loan losses 385 121 ------------- -------------- Net interest income after provision for loan losses 9,667 10,034 Noninterest income 4,166 4,121 Noninterest expenses 9,139 9,037 ------------- -------------- Income before income tax expense 4,694 5,118 Income tax expense 1,101 1,336 ------------- -------------- Net income $ 3,593 $ 3,782 ------------- -------------- Per common share: Net income - basic $ 0.53 $ 0.55 Net income - diluted 0.53 0.54 Cash dividend declared 0.32 0.31 Book value* 18.50 17.94 AVERAGES FOR THE THREE MONTHS ENDED MARCH 31, 2003 2002 - --------------------------------------------- ------------- -------------- Assets $ 1,244,535 $ 1,199,434 Deposits 964,574 924,759 Loans, net of unearned interest 736,039 689,158 Shareholders' equity 124,989 124,167 Weighted average shares outstanding - basic 6,764 6,901 Weighted average shares outstanding - diluted 6,798 6,961 Return on average assets 1.17% 1.28% Return on average equity 11.66% 12.35% - -------------------------------------------------------------------------------- *Represents total equity divided by the number of shares outstanding at the end of the period. -----END PRIVACY-ENHANCED MESSAGE-----