Stock Yards Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported total interest income of $26,368,000 against $24,039,000 a year ago. Net income before income tax expense was $14,625,000 against $13,823,000 a year ago. Net income was $10,616,000 or $0.46 per share diluted against $9,646,000 or $0.43 per share diluted a year ago. Diluted earnings per share were $1.09 against $1.29 per share a year ago. Annualized return on average assets was 1.41% against 1.41% a year ago. Annualized return on average equity was 13.44% against 13.44% a year ago.

For the year, the company reported total interest income of $102,172,000 against $93,170,000 a year ago. Net income before income tax expense was $56,271,000 against $54,120,000 a year ago. Net income attributable to company was $645 million against $709 million a year ago. Net income was $41,027,000 or $1.80 per share diluted against $37,187,000 or $1.65 per share diluted a year ago. Book value per share was $46.95 against $25.19 per share a year ago. Annualized return on average assets was 1.42% against 1.44% a year ago. Annualized return on average equity was 13.49% against 13.55% a year ago.

For the quarter, the company reported net charge-offs (recoveries) was $862 million.