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. (NASDAQ: CTBI) is a Kentucky-based commercial banking holding company whose news flow centers on earnings, dividends, governance developments, and investor communications. This page aggregates news coverage and company-issued press releases so readers can review how CTBI’s financial performance and corporate actions evolve over time.
Regular earnings announcements provide detail on net income, earnings per share, net interest income, noninterest income, and key ratios such as return on average assets, return on average equity, tangible common equity, and the efficiency ratio. These releases also break down loan and deposit trends across commercial, residential, and consumer categories, along with information on nonperforming loans, net charge-offs, and the provision for credit losses.
Dividend declarations are another recurring news item. Community Trust Bancorp, Inc. frequently issues press releases announcing its quarterly cash dividend per share, record dates, and payment dates. In one release, the company notes an increase in its quarterly cash dividend and references a long history of consecutive dividend increases.
Corporate governance and board-related updates appear in both press releases and corresponding Form 8-K filings. Recent examples include the appointment of a new director, changes in committee leadership, and director retirements under the company’s directors’ compensation, retirement, and benefits policy.
CTBI also reports when it participates in investor conferences and furnishes investor presentations that include historical financial results and performance goals. These events are disclosed through press releases and 8-K filings. Investors and researchers can use this news page to follow Community Trust Bancorp, Inc.’s reported financial results, dividend actions, board changes, and investor outreach activities over time.
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.
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