COMMUNITY TRUST BANCORP INC /KY/ Earnings Per Share Disclosure
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(in thousands except per share data)
Year Ended December 31
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2025
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2024
|
2023
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Numerator:
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Net income
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$
|
98,058
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$
|
82,813
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$
|
78,004
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Denominator:
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Basic earnings per share:
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Weighted average shares
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18,013
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17,950
|
17,887
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Diluted earnings per share:
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Dilutive effect of equity grants
|
31
|
27
|
13
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Adjusted weighted average shares
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18,044
|
17,977
|
17,900
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Earnings per share:
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Basic earnings per share
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$
|
5.44
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$
|
4.61
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$
|
4.36
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Diluted earnings per share
|
$ |
5.43
|
$ |
4.61
|
$ |
4.36
|
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 28, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 28, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Mar 15, 2017 | |
| 2015 | Mar 14, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.