Community Trust Bancorp, Inc. Declares Its Cash Dividend

10/25/23 8:58:00 AM ET

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On October 24, 2023, 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 January 1, 2024, to shareholders of record on December 15, 2023.

Community Trust Bancorp, Inc., with assets of $5.6 billion, is headquartered in Pikeville, Kentucky and has 70 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/20231025517365/en/

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Recent Analyst Ratings for
$CTBI

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

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Community Trust Bancorp, Inc. Declares Its Cash Dividend
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/
10/23/24 8:15:00 AM ET
$CTBI
Major Banks
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Community Trust Bancorp, Inc. Reports Earnings for the 3rd Quarter 2024
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
10/16/24 8:15:00 AM ET
$CTBI
Major Banks
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Community Trust Bancorp, Inc. Increases Its Cash Dividend
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
7/23/24 4:32:00 PM ET
$CTBI
Major Banks
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Community Trust Bancorp, Inc. Declares Its Cash Dividend
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/
10/23/24 8:15:00 AM ET
$CTBI
Major Banks
Finance
Community Trust Bancorp, Inc. Reports Earnings for the 3rd Quarter 2024
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
10/16/24 8:15:00 AM ET
$CTBI
Major Banks
Finance
Community Trust Bancorp, Inc. Increases Its Cash Dividend
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
7/23/24 4:32:00 PM ET
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Leadership Updates

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Community Trust Bancorp, Inc. Announces the Appointment of Jeff Sandlin to Its Board of Directors
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
1/25/24 4:45:00 PM ET
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Major Banks
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Community Trust Bancorp, Inc. Announces Retirement of James J. Gartner
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
12/8/23 10:36:00 AM ET
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Major Banks
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Community Trust Bancorp, Inc. Announces the Appointment of Dr. Lillian (Kay) Webb to Its Board of Directors
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
12/5/23 8:39:00 AM ET
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Community Trust Bancorp, Inc. Declares Its Cash Dividend

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$CTBI Insider Purchases

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Amendment: Executive Vice President Sparkman Ricky D bought $49,987 worth of shares (1,434 units at $34.86), increasing direct ownership by 8% to 18,555 units (SEC Form 4)

Executive Vice President Jones David Andrew bought $324,131 worth of shares (10,033 units at $32.31) and sold $546,390 worth of shares (11,059 units at $49.41), closing all direct ownership in the company (SEC Form 4)

Executive Vice President Waters Andy D sold $353,172 worth of shares (7,246 units at $48.74) and bought $322,700 worth of shares (10,000 units at $32.27), increasing direct ownership by 197% to 4,155 units (SEC Form 4)

$CTBI Insider Trading

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Amendment: Executive Vice President Smith Mark Edward was granted 2,500 shares, increasing direct ownership by 66% to 6,262 units (SEC Form 4)

Amendment: SEC Form 4 filed by Executive Vice President Smith Mark Edward

Executive Vice President Stumbo Kevin J gifted 50 shares, decreasing direct ownership by 1% to 4,861 units (SEC Form 4)

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