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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 (Date of earliest event reported) November 15, 2004
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CITIZENS FIRST CORPORATION
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(Exact name of registrant as specified in its charter)
Kentucky 61-0912615 333-67435
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1805 Campbell Lane, Bowling Green, Kentucky 42101
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Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 270-393-0700
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NOT APPLICABLE
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Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On November 15, 2004, Citizens First Corporation issued the press
release attached as Exhibit 99.1 to this Form 8-K and incorporated by reference
herein.
ITEM 7.01. REGULATION FD DISCLOSURE
See "Item 2.02. Results of Operation and Financial Condition"
which is incorporated by reference in this Item 7.01.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) The following exhibits are furnished as a part of this
Report:
99.1 Press Release dated November 15, 2004.
The information in this Form 8-K and the Exhibit attached hereto
shall not be deemed filed for purposes of Section 18 of the Securities Exchange
Act of 1934, nor shall it be deemed incorporated by reference in any filing
under the Securities Act of 1933, except as shall be expressly set forth by
specific reference in such filing.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CITIZENS FIRST CORPORATION
By: /s/Bill D. Wright
Bill D. Wright, Chief Financial Officer
Date: November 15, 2004
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EXHIBIT LIST
EXHIBIT SEQUENTIALLY
NUMBER DESCRIPTION NUMBERED PAGES
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99.1 Press Release dated November 15, 2004 4
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE FOR MORE INFORMATION:
November 15, 2004 Bill D. Wright
Chief Financial Officer
(270) 393-0700
CITIZENS FIRST CORPORATION REPORTS REVISED THIRD QUARTER
EARNINGS PER COMMON SHARE
BOWLING GREEN, KY - Citizens First Corporation (OTC Bulletin Board: CZFC) today
reported that the company's net income on a consolidated basis for the third
quarter of 2004 was $0.23 per common share, compared to net income of $0.30 per
common share for the third quarter of 2003, and $0.62 per common share for the
nine months ended September 30, 2004, compared to a net loss of ($0.61) per
common share for the same period in 2003. This release revises and supersedes
the company's prior release issued on October 25, 2004 with respect to the
statements of net income per common share, which prior release inadvertently
failed to deduct the amount of preferred stock dividends paid in the third
quarter of 2004 in the calculations of the net income per common share amounts.
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CITIZENS FIRST CORPORATION
(Unaudited)
Financial Highlights
Quarter Quarter
Ended Ended
9/30/2004 9/30/2003
Interest Income .......................... $ 2,181,432 $ 2,038,869
Interest Expense.......................... 601,343 761,630
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Net Interest Income 1,580,089 1,277,239
Provision for Loan Losses 40,000 85,000
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Net Interest Income (loss) after Provision 1,540,089 1,192,239
Non-Interest Income ...................... 386,615 389,030
Non-Interest Expenses .................... 1,479,366 1,251,207
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Gain before Taxes ........................ 447,338 330,062
Income Tax Provision ..................... 146,750 110,000
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Net Income ............................... $ 300,588 $ 220,062
Preferred Dividends ...................... (109,671) --
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NET INCOME AVAILABLE FOR
COMMON SHAREHOLDERS .................... $ 190,917 $ 220,062
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NET INCOME PER COMMON SHARE $ 0.23 $ 0.30
Nine Months Nine Months
Ended Ended
9/30/2004 9/30/2003
Interest Income ................... $ 6,319,171 $ 5,652,013
Interest Expense 1,934,982 2,148,039
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Net Interest Income ............... 4,384,189 3,503,974
Provision for Loan Losses 160,000 1,728,000
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Net Interest Income after Provision 4,224,189 1,775,974
Non-Interest Income ............... 1,051,480 1,236,962
Non-Interest Expenses ............. 4,348,374 3,647,461
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Gain (loss) before Taxes .......... 927,295 (634,525)
Income Tax Provision (Benefit) .... 298,350 (224,250)
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Net Income (Loss) ................. $ 628,945 $ (410,275)
Preferred Dividends ............... (109,671) --
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NET INCOME(LOSS) AVAILABLE FOR
COMMON SHAREHOLDERS ............. $ 519,274 $ (410,275)
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NET INCOME (LOSS) PER
COMMON SHARE .................... $ 0.62 $ (0.61)
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