- Business
- Boyle Bancorp, Inc. (BYLB) operates as the holding company for its wholly owned subsidiary, Farmers National Bank, which provides a full range of commercial and personal banking services to individual and corporate customers throughout central Kentucky; core offerings include checking and savings accounts, money market accounts, certificates of deposit, and IRAs; consumer loans such as auto, recreational vehicle, boat, ATV/UTV, construction, FHA, VA, home equity, and rural housing loans; fixed-rate and adjustable-rate mortgages; business loans encompassing commercial real estate, multi-family dwellings, commercial construction, business equipment, and lines of credit; agriculture loans featuring farm equipment financing, real estate/farm improvement, operating, refinancing, and sweep loans/accounts; equine loans including mare/stallion and farm financing; automated clearing house, remote deposit capture, reorder checks, safe deposit boxes, wire transfers, and overdraft protection services; debit and credit cards; investment and wealth management through FNB Investments and WealthSouth, brokerage, insurance, ATM access, online banking, and mobile banking services. The company maintains 12 banking locations across Boyle, Casey, Garrard, Lincoln, and Mercer counties and targets agribusiness, commercial, residential, and equine sectors in these regions. Founded in 1879 and headquartered in Danville, Kentucky, Boyle Bancorp reports total assets of $967.1 million as of year-end 2024, with its loan portfolio expanding 11.5% to $709.8 million and WealthSouth division managing over $1.1 billion in assets while advising on more than $4.2 billion; recent developments include an 11.1% quarterly dividend increase in February 2025 to a 33.3% year-over-year rise, alongside a declaration of $1.00 per share payable December 30, 2025, and sustained asset growth nearly doubling over the past decade with earnings per share up 233%.