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.
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.
Community Trust Bancorp, Inc. (NASDAQ: CTBI) has announced a cash dividend of $0.40 per share, declared on January 25, 2022. The dividend will be paid on April 1, 2022, to shareholders on record as of March 15, 2022. The company, headquartered in Pikeville, Kentucky, boasts assets of $5.4 billion and operates 70 banking locations across Kentucky, West Virginia, and Tennessee.
Community Trust Bancorp, Inc. (NASDAQ: CTBI) announces new leadership appointments effective February 7, 2022. M. Lynn Parrish is elected Chairman of the Board, and Mark A. Gooch is named CEO and Vice Chairman. Richard W. Newsom becomes President of Community Trust Bank, Inc., while David Tackett is appointed Executive VP. Wayne Hancock is named Secretary, and John “JR” Caldwell takes the role of Market President. These appointments reflect CTBI's strong succession management and commitment to continued growth and profitability.
Community Trust Bancorp, Inc. (NASDAQ:CTBI) reported 4Q 2021 earnings of $19.2 million, or $1.08 per share, down from $21.1 million, or $1.19 per share in 3Q 2021. Year-to-date earnings reached $87.9 million, a notable increase from $59.5 million in 2020. Net interest income was $40.8 million, a decline of 2.9% from the prior quarter but up 5.7% year-over-year. Total loans decreased 4.1% from 4Q 2020, while nonperforming loans dropped to $16.6 million. The company remains resilient, managing a substantial $4.6 billion in deposits.
On October 26, 2021, Community Trust Bancorp, Inc. (NASDAQ:CTBI) declared a cash dividend of
Community Trust Bancorp, Inc. (NASDAQ:CTBI) announced the retirement of David E. Collins from its Board of Directors, effective October 26, 2021. Collins served on the Bank Board since 2005 and the Holding Company Board since April 2021, contributing significantly to the company’s growth from $2.7 billion to $5.4 billion in total assets. Jean Hale, Chairman, expressed gratitude for Collins' dedication and impact on the bank's expansion into new markets across Kentucky, West Virginia, and Tennessee.
Community Trust Bancorp (NASDAQ:CTBI) reported 3Q 2021 earnings of $21.1 million, or $1.19 per share, a decrease from $23.9 million, or $1.35 per share in 2Q 2021, but an increase from $17.4 million, or $0.98 per share in 3Q 2020. Year-to-date earnings reached $68.7 million, up from $43.7 million in the same period last year. Net interest income rose to $42.0 million, reflecting a 5% rise from the prior quarter and an 11.5% increase year-over-year. Despite a $106 million decrease in deposits, total assets increased to $5.4 billion. Nonperforming loans decreased, reflecting improved asset quality.
Community Trust Bancorp (NASDAQ: CTBI) announces the retirement of Jean R. Hale as CEO effective February 7, 2022, after 23 years in the role. Mark A. Gooch, currently President, will succeed her as CEO and Director. During Hale's tenure, the company's assets grew 152% from $2.2 billion to $5.5 billion, and cash dividends increased 233% to $0.40 per share. Gooch, with 40 years of banking experience, expressed commitment to maintaining the company's strong financial performance and service excellence, ensuring a smooth leadership transition.
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