Porter Bancorp, Inc. announced unaudited earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported interest income of $9,717,000 against $8,781,000 a year ago. Net interest income was $8,001,000 against $7,316,000 a year ago. Net interest income after provision was $8,801,000 against $7,866,000 a year ago. Income before income taxes was $1,371,000 against loss of $6,638,000 a year ago. Net income was $33,270,000 against loss of $6,436,000 a year ago. Net income attributable to common shareholders was $32,473,000 or $5.31 per basic and diluted share against loss of $6,436,000 or $1.07 per basic and diluted share a year ago. Return on average assets was 13.75% against negative return on average assets of 2.85% a year ago. Return on average equity was 318.85% against negative return on average equity of 61.85% a year ago. For the year, the company reported interest income of $37,522,000 against $35,602,000 a year ago. Net interest income was $31,117,000 against $29,621,000 a year ago. Net interest income after provision was $31,917,000 against $32,071,000 a year ago. Income before income taxes was $6,554,000 against loss of $2,732,000 a year ago. Net income was $38,453,000 against loss of $2,753,000 a year ago. Net income attributable to common shareholders was $37,486,000 or $6.15 per basic and diluted share against loss of $2,665,000 or $0.46 per basic and diluted share a year ago. Return on average equity was 101.59% against negative return on average equity of 6.98% a year ago. Return on average assets was 4.06% against negative return on average assets of 0.30% a year ago. Book value per common share was $11.17 against $4.81 a year ago. Tangible book value per common share was $11.17 against $4.79 a year ago. Net income for 2017 was impacted by the reversal of the Company’s deferred tax asset valuation allowance and the change in federal corporate tax rates in connection with the enactment of the Tax Cuts and Jobs Act of 2017. The net result of these two items was an income tax benefit of $31.9 million for 2017.