CRESTVIEW HILLS, Ky. (March 25, 2012) – The Bank of Kentucky Financial Corporation, the holding company of The Bank of Kentucky, Inc., announced its inclusion in Keefe, Bruyette & Woods’ KBW Bank Honor Roll for 2011. The KBW Bank Honor Roll acknowledges 45 banking institutions that have achieved positive earnings growth trends over the past 10 years. Out of nearly 400 publicly traded banking institutions with total assets over $500 million, The Bank of Kentucky was honored for posting better-than-industry average financial performance and was recognized for consecutive increases in net income per share before extraordinary items since 2009.
In addition, The Bank of Kentucky outperformed large-cap and regional banks for the five-year period between 2006 and 2011, as measured by the KBW Bank Index (BKX) and the KBW Regional Banking Index (KRX). This is The Bank of Kentucky’s first time on the honor roll and it joins other newcomers on the list such as JPMorgan Chase & Co., Wells Fargo & Company, and UMB Financial Corporation.
“We are proud to be recognized by Keefe, Bruyette & Woods for The Bank of Kentucky’s financial performance over the past ten years, particularly in the past five years when it’s been increasingly difficult to implement our strategy due to the economic crisis and slow recovery,” said Robert W. Zapp, President & CEO. “We’ve not only weathered the most difficult times, but we have emerged stronger, more efficient, and better prepared for the many new challenges facing banks going forward. We are focused on meeting the financial needs of our clients, dedicated to the communities we serve, and optimistic about our growth plans.”
KBW publishes their annual KBW Bank Honor Roll as a way to acknowledge companies that have successfully navigated through various economic challenges compared to their peers and the broader market. KBW (Keefe, Bruyette & Woods) (NYSE: KBW) is a full-service investment bank widely recognized as a leading authority in the banking industry. The company was founded in 1962 and currently operates in the U.S., Europe and Asia through its broker dealer subsidiaries. The firm maintains industry-leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities and debt securities of financial services companies.
The Bank of Kentucky started in 1990 and currently operates thirty-three branch locations, offering banking and related financial services to both individuals and business customers. The Bank of Kentucky Financial Corporation, the bank holding company for The Bank of Kentucky, has assets of approximately $1.745 billion.