C
COMMUNITY TRUST BANCORP INC /KY/
Period
FY 2025
Revenue
—
Net Income
$98.06M
Total Assets
$6.68B
Equity
$856.07M
Shares Out
18.16M
Op. Cash Flow
$104.99M
Business
Community Trust Bancorp, Inc. (CTBI) is a bank holding company that owns Community Trust Bank, Inc. and Community Trust and Investment Company, operating in eastern, northeastern, central, and south central Kentucky, southern West Virginia, and northeastern Tennessee. The company provides commercial and personal banking services including deposits, secured and unsecured lending, cash management, letters of credit, safe deposit boxes, and funds transfer services. CTBI also offers trust, wealth management, brokerage, and insurance services through its subsidiaries, with a focus on small and mid-sized communities.
Summary from 10-K filed 2026-02-27
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest and fees on loans, including loans held for sale | 305 | 275 | 231 | 170 | 160 | |
| Taxable | 24 | 25 | 27 | 22 | 14 | |
| Tax exempt | 2 | 3 | 3 | 3 | 3 | |
| Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock | 749,000 | 783,000 | 759,000 | 603,000 | 486,000 | |
| Interest on Federal Reserve Bank deposits | 14 | 10 | 7 | 2 | 372,000 | |
| Other, including interest on federal funds sold | 392,000 | 434,000 | 275,000 | 122,000 | 34,000 | |
| Total interest income | 346 | 313 | 269 | 198 | 178 | |
| Interest on deposits | 113 | 113 | 81 | 24 | 13 | |
| Interest on repurchase agreements and federal funds purchased | 10 | 10 | 9 | 3 | 1 | |
| Interest on advances from Federal Home Loan Bank | 12,000 | 16,000 | 1 | 20,000 | 0 | |
| Interest on long-term debt | 4 | 5 | 4 | 2 | 1 | |
| Total interest expense | 127 | 127 | 96 | 29 | — | |
| Net interest income | 219 | 186 | 173 | 169 | 163 | |
| Provision for credit losses | 12 | 11 | 7 | 5 | −6 | |
| Net interest income after provision for credit losses | 207 | 175 | 166 | 164 | 169 | |
| Deposit related fees | 30 | 30 | 30 | 29 | 27 | |
| Gains on sales of loans, net | 320,000 | 294,000 | 395,000 | 2 | 7 | |
| Trust and wealth management income | 17 | 15 | 13 | 12 | 13 | |
| Loan related fees | 4 | 5 | 4 | 6 | 6 | |
| Bank owned life insurance revenue | 4 | 5 | 4 | 3 | 3 | |
| Brokerage revenue | 2 | 2 | 1 | 2 | 2 | |
| Securities gains | 375,000 | 631,000 | 996,000 | −168,000 | −158,000 | |
| Other noninterest income | 6 | 4 | 5 | 4 | 4 | |
| Total noninterest income | 64 | 63 | 58 | 58 | 60 | |
| Officer salaries and employee benefits | 20 | 16 | 15 | 16 | 20 | |
| Other salaries and employee benefits | 66 | 63 | 59 | 57 | 54 | |
| Occupancy, net | 10 | 9 | 9 | 8 | 8 | |
| Equipment | 3 | 3 | 3 | 3 | 3 | |
| Data processing | 13 | 11 | 10 | 9 | 8 | |
| Taxes other than property and payroll | 2 | 2 | 2 | — | — | |
| Legal fees | 2 | 1 | 1 | 1 | 1 | |
| Professional fees | 3 | 3 | 2 | 2 | 2 | |
| Advertising and marketing | 3 | 3 | 3 | 3 | 3 | |
| FDIC insurance | 3 | 3 | 2 | 1 | 1 | |
| Other real estate owned provision and expense | 313,000 | 152,000 | 350,000 | 456,000 | 1 | |
| Repossession expense | 1 | 1 | 531,000 | 546,000 | 344,000 | |
| Other noninterest expense | 18 | 16 | 18 | 18 | 12 | |
| Total noninterest expense | 143 | 131 | 125 | 121 | 119 | |
| Income before income taxes | 127 | 107 | 99 | 101 | 111 | |
| Income taxes | 29 | 24 | 21 | 19 | 23 | |
| Net income | 98 | 83 | 78 | 82 | 88 | |
| Unrealized holding gains arising during the period | 45 | 7 | 37 | −168 | −25 | |
| Less: Reclassification adjustments for realized gains included in net income | 2,000 | 8,000 | 4,000 | −81,000 | 60,000 | |
| Tax expense | 11 | 2 | 11 | — | — | |
| Other comprehensive income, net of tax | 34 | 5 | 26 | −124 | −18 | |
| Comprehensive income | 132 | 88 | 104 | −42 | 70 | |
| Basic earnings per share (in dollars per share) | 5.44 | 4.61 | 4.36 | 4.59 | 4.94 | |
| Diluted earnings per share (in dollars per share) | 5.43 | 4.61 | 4.36 | 4.58 | 4.94 | |
| Weighted average shares outstanding-basic (in shares) | 18 | 18 | 18 | 18 | 18 | |
| Weighted average shares outstanding-diluted (in shares) | 18 | 18 | 18 | 18 | 18 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 63 | 73 | 59 | 51 | 47 | |
| Interest bearing deposits | 301 | 296 | 213 | 77 | 265 | |
| Cash and cash equivalents | 364 | 370 | 271 | 129 | 312 | |
| Certificates of deposit in other banks | 245,000 | 245,000 | 245,000 | 245,000 | 245,000 | |
| Debt securities available-for-sale at fair value (amortized cost of $1,206,938 and $1,186,649, respectively) | 1,121 | 1,056 | 1,164 | 1,256 | 1,455 | |
| Equity securities at fair value | 4 | 4 | 3 | — | — | |
| Loans held for sale | 200,000 | 200,000 | 200,000 | 100,000 | 3 | |
| Loans | 4,895 | 4,487 | 4,051 | 3,709 | 3,409 | |
| Allowance for credit losses | −60 | −55 | −50 | −46 | −42 | |
| Net loans | 4,835 | 4,432 | 4,001 | 3,663 | 3,367 | |
| Premises and equipment, net | 53 | 50 | 45 | 43 | 40 | |
| Operating right-of-use assets | 12 | 11 | 13 | 14 | 11 | |
| Finance right-of-use assets | 4 | 3 | 3 | 3 | 1 | |
| Federal Home Loan Bank stock | 5 | 5 | 5 | 7 | 8 | |
| Federal Reserve Bank stock | 5 | 5 | 5 | 5 | 5 | |
| Goodwill | 66 | 65 | 65 | 65 | 65 | |
| Bank owned life insurance | 123 | 102 | 101 | 93 | 91 | |
| Mortgage servicing rights | 7 | 7 | 8 | 9 | 7 | |
| Other real estate owned | 3 | 4 | 2 | 4 | 3 | |
| Deferred tax asset | 21 | 29 | 28 | 40 | 0 | |
| Accrued interest receivable | 26 | 25 | 24 | 20 | 15 | |
| Other assets | 37 | 26 | 31 | 28 | 31 | |
| Total assets | 6,684 | 6,193 | 5,770 | 5,380 | 5,418 | |
| Noninterest bearing | 1,263 | 1,243 | 1,261 | 1,395 | 1,331 | |
| Interest bearing | 4,126 | 3,828 | 3,464 | 3,031 | 3,013 | |
| Total deposits | 5,389 | 5,070 | 4,725 | 4,426 | 4,344 | |
| Repurchase agreements | 309 | 240 | 225 | 215 | 271 | |
| Federal funds purchased | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | |
| Advances from Federal Home Loan Bank | 300,000 | 314,000 | 334,000 | 355,000 | 400,000 | |
| Long-term debt | 64 | 64 | 64 | 58 | 58 | |
| Operating lease liabilities | 12 | 12 | 13 | 14 | 12 | |
| Finance lease liabilities | 4 | 3 | 3 | 3 | 1 | |
| Accrued interest payable | 9 | 8 | 7 | 2 | 1 | |
| Other liabilities | 41 | 37 | 29 | 32 | 31 | |
| Total liabilities | 5,828 | 5,436 | 5,067 | 4,752 | 4,720 | |
| Commitments and contingencies (notes 14 and 20) | — | — | — | — | — | |
| Preferred stock, 300,000 shares authorized and unissued | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $5.00 par value, shares authorized 25,000,000; shares issued and outstanding 2025 - 18,115,847; 2024 - 18,057,923 | 91 | 90 | 90 | 90 | 89 | |
| Capital surplus | 236 | 234 | 231 | 229 | 227 | |
| Retained earnings | 594 | 532 | 484 | 439 | 387 | |
| Accumulated other comprehensive loss, net of tax | −65 | −98 | −103 | −129 | −5 | |
| Total shareholders' equity | 856 | 758 | 702 | 628 | 698 | |
| Total liabilities and shareholders' equity | 6,684 | 6,193 | 5,770 | 5,380 | 5,418 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 4 | 4 | 4 | 5 | 5 | |
| Amortization of operating lease right-of-use assets | 2 | 1 | 2 | — | — | |
| Deferred tax expense (benefit) | −3 | −2 | 709,000 | 3 | 2 | |
| Stock-based compensation | 2 | 1 | 2 | 1 | 850,000 | |
| Write-downs of other real estate owned and other repossessed assets | 96,000 | 105,000 | 211,000 | 285,000 | 864,000 | |
| Securities gains | −2,000 | −8,000 | −4,000 | 81,000 | −60,000 | |
| Fair value adjustments in equity securities | −373,000 | −623,000 | −992,000 | 87,000 | 218,000 | |
| Gains on sale of assets, net | −665,000 | −102,000 | −408,000 | −354,000 | −165,000 | |
| Proceeds from sale of mortgage loans held for sale | 12 | 11 | 15 | 66 | 308 | |
| Funding of mortgage loans held for sale | −12 | −11 | −15 | −62 | −280 | |
| Amortization of securities premiums and discounts, net | 3 | 3 | 3 | 5 | 8 | |
| Change in cash surrender value of bank owned life insurance | −3 | −4 | −2 | −2 | −2 | |
| Payment of operating lease liabilities | −2 | −1 | −2 | −2 | −2 | |
| Interest expense on finance lease liabilities | 187,000 | 158,000 | 118,000 | — | — | |
| Fair value adjustments in mortgage servicing rights | 734,000 | 431,000 | 965,000 | −1 | −428,000 | |
| Accrued interest receivable | −1 | −1 | −4 | −4 | 403,000 | |
| Other assets | −10 | 2 | −3 | 3 | 5 | |
| Accrued interest payable | 157,000 | 989,000 | 5 | 1 | −227,000 | |
| Other liabilities | 4 | 8 | −4 | 608,000 | −2 | |
| Net cash provided by operating activities | 105 | 105 | 86 | 100 | 116 | |
| Purchase of certificates of deposit | 0 | 0 | −245,000 | 0 | 0 | |
| Maturity of certificates of deposit | 0 | 0 | 245,000 | 0 | 0 | |
| Purchase of AFS securities | −232 | −55 | −19 | −180 | −797 | |
| Proceeds from sales of AFS securities | 0 | 14 | 22 | 11 | 1 | |
| Proceeds from prepayments, calls, and maturities of AFS securities | 210 | 153 | 125 | 194 | 305 | |
| Change in loans, net | −418 | −444 | −344 | −302 | 146 | |
| Purchase of premises and equipment | −8 | −8 | −6 | −6 | −2 | |
| Proceeds from sale and retirement of premises and equipment | 1 | 70,000 | 375,000 | 620,000 | 830,000 | |
| Purchase of Federal Home Loan Bank stock | −5 | −5 | −3 | 0 | — | |
| Redemption of Federal Home Loan Bank stock | 5 | 4 | 5 | — | — | |
| Proceeds from sale of other real estate owned and repossessed assets | 3 | 774,000 | 1 | 988,000 | 3 | |
| Additional investment in other real estate owned and repossessed assets | 0 | −13,000 | −47,000 | −73,000 | 0 | |
| Additional investment in bank owned life insurance | −19 | 0 | −7 | 0 | −17 | |
| Redemption of bank owned life insurance | 438,000 | 2 | 336,000 | 0 | — | |
| Proceeds from settlement of bank owned life insurance | 0 | 2 | 241,000 | 1,000 | 330,000 | |
| Net cash used in investing activities | −463 | −336 | −227 | −280 | −359 | |
| Change in deposits, net | 319 | 346 | 298 | 82 | 328 | |
| Change in repurchase agreements and federal funds purchased, net | 69 | 15 | 10 | −56 | −85 | |
| Proceeds from Federal Home Loan Bank advances | 100 | 100 | 225 | 45 | 0 | |
| Payments on advances from Federal Home Loan Bank | −100 | −100 | −225 | −45 | −20,000 | |
| Payment of finance lease liabilities | −183,000 | −154,000 | −151,000 | −24,000 | −19,000 | |
| Proceeds from long-term debt/other borrowings | 0 | 0 | 7 | 0 | 0 | |
| Repayment of long-term debt/other borrowings | −232,000 | −225,000 | −163,000 | 0 | 0 | |
| Issuance of common stock | 1 | 2 | 1 | 1 | 965,000 | |
| Dividends paid | −36 | −33 | −32 | −30 | −28 | |
| Net cash provided by financing activities | 352 | 328 | 283 | −3 | 216 | |
| Net increase (decrease) in cash and cash equivalents | −6 | 98 | 143 | −183 | −26 | |
| Income taxes paid | 29 | 21 | 21 | 16 | 19 | |
| Interest paid | 127 | 126 | 90 | 27 | 15 | |
| Loans to facilitate the sale of other real estate owned and repossessed assets | 3 | 356,000 | 1 | 1 | 2 | |
| Common stock dividends accrued, paid in subsequent quarter | 324,000 | 276,000 | 291,000 | 278,000 | 248,000 | |
| Real estate acquired in settlement of loans | 5 | 3 | 658,000 | 2 | 1 | |
| Right-of-use assets obtained in exchange for new operating lease liabilities | 2 | 0 | 358,000 | — | — | |
| Right-of-use assets obtained in exchange for new finance lease liabilities | 1 | 0 | 0 | — | — |
Filings
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Frequently asked questions
What is COMMUNITY TRUST BANCORP INC /KY/'s CIK number?
COMMUNITY TRUST BANCORP INC /KY/'s SEC CIK number is 0000350852 (350852). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find COMMUNITY TRUST BANCORP INC /KY/'s SEC filings?
All of COMMUNITY TRUST BANCORP INC /KY/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did COMMUNITY TRUST BANCORP INC /KY/ last report earnings?
COMMUNITY TRUST BANCORP INC /KY/ (CTBI) most recently filed an earnings 8-K with the SEC on Jul 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000350852-26-000061). This is COMMUNITY TRUST BANCORP INC /KY/'s most recent earnings filing of record — not a forecast of its next earnings date.
What is COMMUNITY TRUST BANCORP INC /KY/'s most recent earnings 8-K?
COMMUNITY TRUST BANCORP INC /KY/'s latest earnings 8-K (Item 2.02) was filed Jul 15, 2026 under accession 0000350852-26-000061. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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