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 |
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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
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
On January 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 April 1, 2024, to shareholders of record on March 15, 2024. Community Trust Bancorp, Inc., with assets of $5.8 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/20240308883684/en/
Community Trust Bancorp, Inc. (NASDAQ-CTBI): Earnings Summary (in thousands except per share data) 4Q 2023 3Q 2023 4Q 2022 Year 2023 Year 2022 Net income $ 18,659 $ 20,628 $ 22,443 $ 78,004 $ 81,814 Earnings per share $ 1.04 $ 1.15 $ 1.26 $ 4.36 $ 4.59 Earnings per share – diluted $ 1.04 $ 1.15 $ 1.26 $ 4.36 $ 4.58
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/
Community Trust Bancorp, Inc. (NASDAQ:CTBI): Earnings Summary (in thousands except per share data) 3Q 2023 2Q 2023 3Q 2022 YTD 2023 YTD 2022 Net income $20,628 $19,404 $19,372 $59,345 $59,371 Earnings per share $1.15 $1.09 $1.09 $3.32 $3.33 Earnings per share - diluted $1.15 $1.08 $1.08 $3.32 $3.33 Return on average assets 1.46% 1.41% 1.40%
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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
Community Trust Bancorp (NASDAQ:CTBI) reported quarterly earnings of $1.09 per share which beat the analyst consensus estimate of $1.04 by 4.81 percent. This is a 0.93 percent increase over earnings of $1.08 per share from the same period last year.
Community Trust Bancorp (NASDAQ:CTBI) reported quarterly earnings of $1.04 per share which beat the analyst consensus estimate of $0.98 by 6.12 percent.
Janney Montgomery Scott analyst Daniel Cardenas initiates coverage on Community Trust Bancorp (NASDAQ:CTBI) with a Buy rating.
Wednesday marks the last chance for investors to receive the next dividend payout from Community Trust Bancorp (NASDAQ:CTBI). What's Happening The company announced on Friday that it would pay shareholders a quarterly dividend of 46 cents per share. On Thursday, Community Trust Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 46 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own CTBI as of the end of Wednesday's session are eligible to receive
Understanding Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Below is a list of notable value stocks in the financial services sector: Universal Insurance Hldgs (NYSE:UVE) - P/E: 7.01 Premier Financial (NASDAQ:PFC) - P/E: 6.85 Community Trust Bancorp (NASDAQ:CTBI) - P/E: 8.68 First United (NASDAQ:FUNC) - P/E: 7.25 Sandy Spring Bancorp (NASDAQ:SASR) - P/E: 8.66 Universal Insurance Hldgs saw a decrease in earnings per share from 0.87 in Q2 to $-0.16 now. Premier Finan
Community Trust Bancorp (NASDAQ:CTBI) reported its Q4 earnings results on Wednesday, January 17, 2024 at 08:15 AM. Here's what investors need to know about the announcement. Earnings Community Trust Bancorp missed estimated earnings by 3.7%, reporting an EPS of $1.04 versus an estimate of $1.08. Revenue was down $1.81 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.14 which was followed by a 3.06% increase in the share price the next day. Here's a look at Community Trust Bancorp's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 1.01 1.06 1.11 1.22 EPS Actual 1.15 1.08 1.08 1.26 Revenue Estimate 57.
Community Trust Bancorp (NASDAQ:CTBI) reported quarterly earnings of $1.04 per share which missed the analyst consensus estimate of $1.08 by 3.7 percent.
Community Trust Bancorp (NASDAQ:CTBI) reported quarterly earnings of $1.15 per share which beat the analyst consensus estimate of $1.04 by 10.58 percent. This is a 6.48 percent increase over earnings of $1.08 per share from the same period last year. The company reported quarterly sales of $58.64 million which beat the analyst consensus estimate of $57.15 million by 2.60 percent. This is a 0.72 percent increase over sales of $58.22 million the same period last year.
Community Trust Bancorp (NASDAQ:CTBI) reported quarterly earnings of $1.15 per share which beat the analyst consensus estimate of $1.04 by 10.58 percent. This is a 6.48 percent increase over earnings of $1.08 per share from the same period last year.
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
On January 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 April 1, 2024, to shareholders of record on March 15, 2024. Community Trust Bancorp, Inc., with assets of $5.8 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/20240308883684/en/
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
Community Trust Bancorp, Inc. (NASDAQ-CTBI): Earnings Summary (in thousands except per share data) 4Q 2023 3Q 2023 4Q 2022 Year 2023 Year 2022 Net income $ 18,659 $ 20,628 $ 22,443 $ 78,004 $ 81,814 Earnings per share $ 1.04 $ 1.15 $ 1.26 $ 4.36 $ 4.59 Earnings per share – diluted $ 1.04 $ 1.15 $ 1.26 $ 4.36 $ 4.58
Mark A. Gooch, Vice Chairman, President and CEO of Community Trust Bancorp, Inc., is pleased to announce the promotion of Nicholas Antimisiaris to Vice President, Corporate Information Security, Resilience and Data Officer of Community Trust Bank, Inc. In his position, Mr. Antimisiaris is responsible for establishing and maintaining an enterprise-wide security program to ensure that employees, data information assets and facilities are adequately protected. He is also responsible for identifying, evaluating and reporting on security risks in a manner that meets the organization's needs, compliance and regulatory requirements, and acts as an advocate for all information security and busine