Kentucky Bancshares, Inc. reports 2012 earnings up 23%

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Kentucky Bancshares, Inc. announced record earnings of $7.0 million, or $2.59 a share, compared to $5.7 million, or $2.09 a share, in 2011, a 23.2% increase.
The Paris-based banking company earned $1.9 million, or 71 cents a share, during the fourth quarter. That’s up from $1.2 million, or 44 cents a share, in the fourth quarter of 2011, an increase of 55.6%.
The Company is also pleased to announce that total assets reached a record high at December 31, 2012 of $701 million compared to $659 million for 2011. This represents a 6.3% increase.

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