Welcome to our dedicated page for Community Tr Bancorp news (Ticker: CTBI), a resource for investors and traders seeking the latest updates and insights on Community Tr Bancorp stock.
Community Trust Bancorp Inc (CTBI), a NASDAQ-listed regional bank holding company, provides centralized access to all official news and financial updates impacting its operations across Kentucky, West Virginia, and Tennessee. This page aggregates press releases, regulatory filings, and market analyses related to CTBI's commercial banking services, trust operations, and community development initiatives.
Investors and stakeholders will find timely updates on earnings reports, leadership changes, and strategic initiatives affecting this FDIC-insured institution. All content is sourced from verified channels to ensure accuracy in covering topics including loan portfolio developments, deposit growth trends, and wealth management service expansions.
Key updates include regulatory compliance announcements, merger/acquisition activity, dividend declarations, and community reinvestment programs. The curated collection enables users to track CTBI's performance in regional markets while monitoring industry trends in community banking and financial services.
Bookmark this page for streamlined access to CTBI's evolving story as a provider of personal banking solutions and commercial credit facilities in Appalachian markets. Check regularly for objective reporting on operational milestones and financial disclosures.
On April 25, 2023, Community Trust Bancorp, Inc. (NASDAQ: CTBI) declared a cash dividend of $0.44 per share. This dividend will be paid on July 1, 2023, to shareholders on record as of June 15, 2023. The company, headquartered in Pikeville, Kentucky, has total assets of $5.5 billion and operates 70 banking locations across parts of Kentucky, West Virginia, and Tennessee. This announcement reflects the company’s commitment to returning value to shareholders amid its expanding operations in the region.
Community Trust Bancorp, Inc. (NASDAQ-CTBI) reported a net income of $19.3 million for the first quarter of 2023, translating to $1.08 per basic share, a decrease from $22.4 million or $1.26 per share in Q4 2022. Year-over-year, income was down from $19.7 million or $1.11 per share. Total revenue of $44.2 million was up $2.6 million year-over-year, while noninterest income fell 8.6% compared to the previous year. The company experienced a loan portfolio growth of $68.1 million, an annualized increase of 7.4%. Notably, the efficiency ratio increased to 55.29% from 51.81%. Shareholders’ equity rose to $656.8 million, up 18.6% annualized. Overall, liquidity remains robust amidst recent banking sector challenges, with no significant changes in underwriting standards and a low level of nonperforming loans at $12.2 million.
On January 24, 2023, Community Trust Bancorp, Inc. (NASDAQ: CTBI) declared a cash dividend of $0.44 per share. This dividend will be paid on April 1, 2023, to shareholders on record as of March 15, 2023. Community Trust Bancorp has total assets of $5.4 billion and operates 70 banking locations across Kentucky, West Virginia, and Tennessee. The announcement reflects the company's commitment to shareholder returns and financial stability.
Community Trust Bancorp, Inc. (NASDAQ-CTBI) reported a net income of $22.4 million for Q4 2022, representing an increase from $19.4 million in Q3 2022 and $19.2 million in Q4 2021. Earnings per share improved to $1.26, up from $1.09 sequentially. The bank's net interest income rose to $44.7 million, a $1.2 million quarter-over-quarter increase, while noninterest income fell to $13.8 million. Yearly net income was $81.8 million, down from $87.9 million in 2021. Total loans increased by $78.7 million in Q4, and total deposits decreased by $123.6 million. Shareholders’ equity rose to $628 million, a 16.8% increase from the prior quarter.
On October 25, 2022, Community Trust Bancorp, Inc. (NASDAQ: CTBI) announced a cash dividend of $0.44 per share. This dividend will be paid on January 1, 2023, to shareholders recorded by December 15, 2022. With total assets of $5.5 billion, Community Trust operates 69 banking locations in Kentucky, along with branches in West Virginia and Tennessee. The company remains committed to providing value to its shareholders through consistent dividend payments.
Community Trust Bancorp, Inc. (NASDAQ:CTBI) reported third-quarter 2022 net income of $19.4 million, or $1.09 per share, a decrease from $20.3 million in Q2 2022 and $21.1 million in Q3 2021. Year-to-date net income was $59.4 million, down from $68.7 million last year. Net interest income rose to $43.5 million, up $2.7 million from the prior quarter. The provision for credit losses increased to $2.4 million, while nonperforming loans slightly decreased to $13.7 million. However, shareholders’ equity declined by $29.5 million due to rising unrealized losses in the securities portfolio.
Community Trust Bancorp, Inc. (NASDAQ: CTBI) announced a 10% increase in its quarterly cash dividend to $0.44 per share, effective from October 1, 2022, for shareholders of record on September 15, 2022. This marks the 42nd consecutive year of dividend increases, highlighting the company’s consistent commitment to returning value to shareholders. Community Trust Bancorp, headquartered in Pikeville, Kentucky, has total assets of $5.4 billion and operates 68 banking locations across Kentucky, West Virginia, and Tennessee.
Community Trust Bancorp, Inc. (NASDAQ:CTBI) reported net income of $20.3 million for Q2 2022, slightly up from $19.7 million in Q1 2022 but down from $23.9 million in Q2 2021. Earnings per share (EPS) were $1.14, compared to $1.11 in the previous quarter and $1.35 a year ago. Total revenue rose $0.3 million from Q1 2022 but fell $0.2 million year-over-year. Net interest income increased by $0.8 million, while noninterest income decreased by $0.5 million quarter-over-quarter and $1.0 million year-over-year. The provision for credit losses was $0.1 million. Shareholders' equity declined by $21.3 million during the quarter.
The Board of Directors of Community Trust Bancorp (NASDAQ: CTBI) announced a cash dividend of $0.40 per share on April 26, 2022. The dividend is set to be paid on July 1, 2022 to shareholders on record as of June 15, 2022. Community Trust Bancorp boasts assets of $5.4 billion and operates 69 banking locations across Kentucky, West Virginia, and Tennessee.
Community Trust Bancorp, Inc. (CTBI) reported a net income of $19.7 million for 1Q 2022, up from $19.2 million in 4Q 2021 but down from $23.6 million in 1Q 2021, resulting in earnings per share of $1.11. The net interest income decreased by 1.9% quarterly to $40.0 million, and provisions for loan losses rose to $0.9 million. Although total loans increased by 3.1% quarter-over-quarter, a decline of 0.7% year-over-year was noted. Additionally, shareholders' equity slipped by 26.0% due to unrealized losses in the securities portfolio. Total assets reached $5.4 billion, reflecting a modest increase.
FAQ
What is the current stock price of Community Tr Bancorp (CTBI)?
What is the market cap of Community Tr Bancorp (CTBI)?
