Community Trust Bancorp, Inc. operates as the bank holding company for Community Trust Bank, Inc. that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, checking accounts, savings accounts and savings certificates, individual retirement accounts and Keogh plans, and money market accounts. Its loan products include commercial, construction, mortgage, and personal loans; lease-financing, lines of credit, revolving lines of credit, and term loans, as well as other specialized loans, including asset-based financing; residential and commercial real estate loans; and consumer loans. The company also provides cash management, safe deposit boxes rental, and funds transfer services; issues letters of credit; and acts as a trustee of personal trusts, executor of estates, trustee for employee benefit trusts, and paying agent for bond and stock issues, as well as an investment agent and depositor for securities. In addition, it offers securities brokerage, and trust and wealth management services; debit cards; annuity and life insurance products; and repurchase agreements, as well as mobile, telephone, and internet banking services. The company operates seventy-nine banking locations in eastern, northeastern, central, south central Kentucky, southern West Virginia, and northeastern Tennessee; four trust offices across Kentucky; and one trust office in northeastern Tennessee. Community Trust Bancorp, Inc. was founded in 1903 and is headquartered in Pikeville, Kentucky.
IPO Year:
Exchange: NASDAQ
Website: ctbi.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2024 | $64.00 | Overweight | Piper Sandler |
| 10/18/2024 | $60.00 | Mkt Perform → Outperform | Raymond James |
| 3/27/2024 | $49.00 | Buy | Janney |
| 2/16/2024 | $47.00 | Overweight | Piper Sandler |
Piper Sandler resumed coverage of Community Trust Bancorp with a rating of Overweight and set a new price target of $64.00
Raymond James upgraded Community Trust Bancorp from Mkt Perform to Outperform and set a new price target of $60.00
Janney initiated coverage of Community Trust Bancorp with a rating of Buy and set a new price target of $49.00
Piper Sandler resumed coverage of Community Trust Bancorp with a rating of Overweight and set a new price target of $47.00
Raymond James resumed coverage of Community Trust Bancorp with a rating of Hold
8-K - COMMUNITY TRUST BANCORP INC /KY/ (0000350852) (Filer)
8-K - COMMUNITY TRUST BANCORP INC /KY/ (0000350852) (Filer)
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DEF 14A - COMMUNITY TRUST BANCORP INC /KY/ (0000350852) (Filer)
10-K - COMMUNITY TRUST BANCORP INC /KY/ (0000350852) (Filer)
8-K - COMMUNITY TRUST BANCORP INC /KY/ (0000350852) (Filer)
8-K - COMMUNITY TRUST BANCORP INC /KY/ (0000350852) (Filer)
8-K - COMMUNITY TRUST BANCORP INC /KY/ (0000350852) (Filer)
8-K - COMMUNITY TRUST BANCORP INC /KY/ (0000350852) (Filer)
8-K - COMMUNITY TRUST BANCORP INC /KY/ (0000350852) (Filer)
Community Trust Bancorp, Inc. (NASDAQ:CTBI) is pleased to announce the appointment of Jeff Sandlin to its Board of Directors on January 23, 2024. Mr. Sandlin will serve on the Audit & Asset Quality and the Risk and Compliance Committees. Mr. Sandlin worked in the mining industry from 1980-1994. He joined Perry Distributors, Inc., in 1994 and worked his way through every area of the business including warehouse, delivery, marketing, human resources, and sales and administration. He was appointed General Manager in 1999 and is currently the Chief Operating Officer for Perry Distributors, Inc. He led the acquisition efforts of two additional companies, one in Ashland, Kentucky and another in
Mark Smith Promoted to Executive Vice President, Chief Credit Officer Jeremy Clark Promoted to Senior Vice President, Loan Review Manager Mark A. Gooch Vice Chairman, President and CEO of Community Trust Bancorp, Inc., is pleased to announce that Mark Smith has been promoted to the position of Executive Vice President, Chief Credit Officer and Jeremy Clark has been promoted to the position of Senior Vice President, Loan Review Manager. Both promotions are effective January 1, 2024. James J. Gartner will be retiring from Community Trust Bank on December 31, 2023 as Executive Vice President, Chief Credit Officer. James J. Gartner Mr. Gartner has more than 55 years of banking experienc
Community Trust Bancorp, Inc. (NASDAQ:CTBI) is pleased to announce the appointment of Dr. Lillian (Kay) Webb to its Board of Directors. Lillian (Kay) Webb, Ph.D., was born in Bedford, Indiana, into a family of educators who taught her the love of learning. From a young age, she embraced education as a significant part of her life. Dr. Webb pursued her passion for vocal performance in college at Olivet Nazarene University in Bourbonnais, Illinois. She completed two master's degrees in music and counseling and a doctorate in counseling psychology at Ball State University in Muncie, Indiana. Dr. Webb has served as faculty at Indiana Wesleyan University and Northwest Nazarene University, an
Community Trust Bancorp, Inc. (NASDAQ:CTBI), parent company of Community Trust Bank, Inc. and Community Trust and Investment Company, with offices in Kentucky, West Virginia, and Tennessee, today announced that the Board of Directors have unanimously elected M. Lynn Parrish as Chairman of the Board of Community Trust Bancorp, Inc. In addition, Mark A. Gooch, current President, was elected as CEO and Vice Chairman of Community Trust Bancorp, Inc. and Chairman and CEO of Community Trust Bank, Inc. and Chairman of Community Trust and Investment Company; Richard W. "Rick" Newsom was elected President and member of the Board of Directors of Community Trust Bank, Inc.; David Tackett was elected E
Community Trust Bancorp, Inc. (NASDAQ:CTBI), parent company of Community Trust Bank, Inc. and Community Trust and Investment Company, with offices in Kentucky, West Virginia, and Tennessee, announces that Jean R. Hale, Chairman, President, and Chief Executive Officer of the Company for the last 23 years will retire effective February 7, 2022. On July 27, 2021, the Board of Directors unanimously elected Mark A. Gooch to the position of President of Community Trust Bancorp, Inc., effective immediately, and also named Mr. Gooch, effective February 7, 2022, to succeed Ms. Hale as CEO and Director; the Director position will be for the remainder of her then unexpired term. Mr. Gooch has served a
On April 22, 2025, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ-CTBI) declared its quarterly cash dividend of $0.47 per share, which will be paid on July 1, 2025, to shareholders of record on June 15, 2025. Community Trust Bancorp, Inc., with assets of $6.3 billion, is headquartered in Pikeville, Kentucky and has 72 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee. View source version on businesswire.com: https://www.businesswire.com/news/home/20250423326052/en/ MARK
Community Trust Bancorp, Inc. (NASDAQ-CTBI): Earnings Summary (in thousands except per share data) 1Q 2025 4Q 2024 1Q 2024 Net income $21,972 $22,493 $18,679 Earnings per share $1.22 $1.25 $1.04 Earnings per share – diluted $1.22 $1.25 $1.04 Return on average assets 1.44% 1.47% 1.30% Return on average equity 11.50% 11.77% 10.61% Efficiency ratio 51.86% 51.60% 54.94% Tangible common equity 11.57% 11.30% 11.10% Dividends declared per share $0.47 $0.47 $0.46 Book value per share $43.32 $41.95 $39.28
On January 28, 2025, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ-CTBI) declared its quarterly cash dividend of $0.47 per share, which will be paid on April 1, 2025, to shareholders of record on March 15, 2025. Community Trust Bancorp, Inc., with assets of $6.2 billion, is headquartered in Pikeville, Kentucky and has 72 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee. View source version on businesswire.com: https://www.businesswire.com/news/home/20250129566592/en/
Community Trust Bancorp, Inc. (NASDAQ-CTBI): Earnings Summary Earnings Summary (in thousands except per share data) 4Q 2024 3Q 2024 4Q 2023 Year 2024 Year 2023 Net income $22,493 $22,142 $18,659 $82,813 $78,004 Earnings per share $1.25 $1.23 $1.04 $4.61 $4.36 Earnings per share - diluted $1.25 $1.23 $1.04 $4.61 $4.36 Return on average assets 1.47% 1.50% 1.30% 1.41%
On October 22, 2024, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ:CTBI) declared its cash dividend of $0.47 per share, which will be paid on January 2, 2025, to shareholders of record on December 15, 2024. Community Trust Bancorp, Inc., with assets of $6 billion, is headquartered in Pikeville, Kentucky and has 72 banking locations across eastern, northeastern, central, and south-central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee. View source version on businesswire.com: https://www.businesswire.com/news/home/20241023521018/en/
Community Trust Bancorp, Inc. (NASDAQ-CTBI): Earnings Summary Earnings Summary (in thousands except per share data) 3Q 2024 2Q 2024 3Q 2023 YTD 2024 YTD 2023 Net income $22,142 $19,499 $20,628 $60,320 $59,345 Earnings per share $1.23 $1.09 $1.15 $3.36 $3.32 Earnings per share - diluted $1.23 $1.09 $1.15 $3.36 $3.32 Return on average assets 1.50% 1.35% 1.46% 1.38% 1.44% Return on average equity 11.77% 11.03% 12.30% 11.15% 12.02% Efficiency ratio 51.75% 52.17% 52.66% 52.91% 53.82% Tangible
On July 23, 2024, the Board of Directors of Community Trust Bancorp, Inc. (NASDAQ:CTBI) increased its quarterly cash dividend to $0.47 per share beginning with the October 1, 2024 payment to shareholders of record on September 15, 2024. This represents an increase of 2.2% in the quarterly cash dividend. "We are pleased to have increased the cash dividend to our shareholders for the 44th consecutive year," said Mark A. Gooch, Chairman, President, and CEO. Community Trust Bancorp, Inc., with assets of $5.8 billion, is headquartered in Pikeville, Kentucky and has 72 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Vir
Community Trust Bancorp, Inc. (NASDAQ:CTBI): Earnings Summary Earnings Summary (in thousands except per share data) 2Q 2024 1Q 2024 2Q 2023 YTD 2024 YTD 2023 Net income $19,499 $18,679 $19,404 $38,178 $38,717 Earnings per share $1.09 $1.04 $1.09 $2.13 $2.17 Earnings per share - diluted $1.09 $1.04 $1.08 $2.13 $2.16 Return on average assets 1.35% 1.30% 1.41% 1.33% 1.42% Return on aver
On April 23, 2024, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ-CTBI) declared its cash dividend of $0.46 per share, which will be paid on July 1, 2024, to shareholders of record on June 15, 2024. Community Trust Bancorp, Inc., with assets of $5.9 billion, is headquartered in Pikeville, Kentucky and has 71 banking locations across eastern, northeastern, central, and south-central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee. View source version on businesswire.com: https://www.businesswire.com/news/home/20240424303234/en/
Community Trust Bancorp, Inc. (NASDAQ:CTBI): Earnings Summary (in thousands except per share data) 1Q 2024 4Q 2023 1Q 2023 Net income $18,679 $18,659 $19,313 Earnings per share $1.04 $1.04 $1.08 Earnings per share – diluted $1.04 $1.04 $1.08 Return on average assets 1.30% 1.30% 1.44% Return on average equity 10.61% 10.98% 12.03% Efficiency ratio 4.94% 55.74% 55.29% Tangible common equity 11.10% 11.16% 10.82% Dividends declared per share $0
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On April 22, 2025, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ-CTBI) declared its quarterly cash dividend of $0.47 per share, which will be paid on July 1, 2025, to shareholders of record on June 15, 2025. Community Trust Bancorp, Inc., with assets of $6.3 billion, is headquartered in Pikeville, Kentucky and has 72 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee. View source version on businesswire.com: https://www.businesswire.com/news/home/20250423326052/en/ MARK
Community Trust Bancorp, Inc. (NASDAQ-CTBI): Earnings Summary (in thousands except per share data) 1Q 2025 4Q 2024 1Q 2024 Net income $21,972 $22,493 $18,679 Earnings per share $1.22 $1.25 $1.04 Earnings per share – diluted $1.22 $1.25 $1.04 Return on average assets 1.44% 1.47% 1.30% Return on average equity 11.50% 11.77% 10.61% Efficiency ratio 51.86% 51.60% 54.94% Tangible common equity 11.57% 11.30% 11.10% Dividends declared per share $0.47 $0.47 $0.46 Book value per share $43.32 $41.95 $39.28
On January 28, 2025, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ-CTBI) declared its quarterly cash dividend of $0.47 per share, which will be paid on April 1, 2025, to shareholders of record on March 15, 2025. Community Trust Bancorp, Inc., with assets of $6.2 billion, is headquartered in Pikeville, Kentucky and has 72 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee. View source version on businesswire.com: https://www.businesswire.com/news/home/20250129566592/en/
Community Trust Bancorp, Inc. (NASDAQ-CTBI): Earnings Summary Earnings Summary (in thousands except per share data) 4Q 2024 3Q 2024 4Q 2023 Year 2024 Year 2023 Net income $22,493 $22,142 $18,659 $82,813 $78,004 Earnings per share $1.25 $1.23 $1.04 $4.61 $4.36 Earnings per share - diluted $1.25 $1.23 $1.04 $4.61 $4.36 Return on average assets 1.47% 1.50% 1.30% 1.41%
On October 22, 2024, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ:CTBI) declared its cash dividend of $0.47 per share, which will be paid on January 2, 2025, to shareholders of record on December 15, 2024. Community Trust Bancorp, Inc., with assets of $6 billion, is headquartered in Pikeville, Kentucky and has 72 banking locations across eastern, northeastern, central, and south-central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee. View source version on businesswire.com: https://www.businesswire.com/news/home/20241023521018/en/
Community Trust Bancorp, Inc. (NASDAQ-CTBI): Earnings Summary Earnings Summary (in thousands except per share data) 3Q 2024 2Q 2024 3Q 2023 YTD 2024 YTD 2023 Net income $22,142 $19,499 $20,628 $60,320 $59,345 Earnings per share $1.23 $1.09 $1.15 $3.36 $3.32 Earnings per share - diluted $1.23 $1.09 $1.15 $3.36 $3.32 Return on average assets 1.50% 1.35% 1.46% 1.38% 1.44% Return on average equity 11.77% 11.03% 12.30% 11.15% 12.02% Efficiency ratio 51.75% 52.17% 52.66% 52.91% 53.82% Tangible
On July 23, 2024, the Board of Directors of Community Trust Bancorp, Inc. (NASDAQ:CTBI) increased its quarterly cash dividend to $0.47 per share beginning with the October 1, 2024 payment to shareholders of record on September 15, 2024. This represents an increase of 2.2% in the quarterly cash dividend. "We are pleased to have increased the cash dividend to our shareholders for the 44th consecutive year," said Mark A. Gooch, Chairman, President, and CEO. Community Trust Bancorp, Inc., with assets of $5.8 billion, is headquartered in Pikeville, Kentucky and has 72 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Vir
Community Trust Bancorp, Inc. (NASDAQ:CTBI): Earnings Summary Earnings Summary (in thousands except per share data) 2Q 2024 1Q 2024 2Q 2023 YTD 2024 YTD 2023 Net income $19,499 $18,679 $19,404 $38,178 $38,717 Earnings per share $1.09 $1.04 $1.09 $2.13 $2.17 Earnings per share - diluted $1.09 $1.04 $1.08 $2.13 $2.16 Return on average assets 1.35% 1.30% 1.41% 1.33% 1.42% Return on aver
On April 23, 2024, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ-CTBI) declared its cash dividend of $0.46 per share, which will be paid on July 1, 2024, to shareholders of record on June 15, 2024. Community Trust Bancorp, Inc., with assets of $5.9 billion, is headquartered in Pikeville, Kentucky and has 71 banking locations across eastern, northeastern, central, and south-central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee. View source version on businesswire.com: https://www.businesswire.com/news/home/20240424303234/en/
Community Trust Bancorp, Inc. (NASDAQ:CTBI): Earnings Summary (in thousands except per share data) 1Q 2024 4Q 2023 1Q 2023 Net income $18,679 $18,659 $19,313 Earnings per share $1.04 $1.04 $1.08 Earnings per share – diluted $1.04 $1.04 $1.08 Return on average assets 1.30% 1.30% 1.44% Return on average equity 10.61% 10.98% 12.03% Efficiency ratio 4.94% 55.74% 55.29% Tangible common equity 11.10% 11.16% 10.82% Dividends declared per share $0
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