SY Bancorp Inc. announced earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported net interest income of $18,016,000 against $17,324,000 a year ago. Net income before income tax expense was $7,418,000 against $8,124,000 a year ago. Net income was $6,342,000 or $0.46 per diluted share against $6,051,000 or $0.44 per diluted share a year ago. Annualized return on average assets was 1.25% against 1.26% a year ago. Annualized return on average equity was 13.46% against 14.10% a year ago. Net interest income the company's largest source of revenue increased $692,000 or 4% in the fourth quarter of 2011. This increase reflected primarily the continued growth of interest-earning assets. For the full year, the company reported net interest income of $70,732,000 against $66,879,000 a year ago. Net income before income tax expense was $31,795,000 against $32,018,000 a year ago. Net income was $23,604,000 or $1.71 per diluted share against $22,953,000 or $1.67 per diluted share a year ago. Annualized return on average assets was 1.20% against 1.24% a year ago. Annualized return on average equity was 13.14% against 14.03% a year ago.