NASDAQ : CTBI
Community Trust Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 70.1 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.27B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 322.25M | 304.55M | 274.62M | 230.84M | 169.88M | 160.20M |
| Interest Income on Investments | 41.17M | 41.17M | 38.82M | 37.81M | 27.86M | 17.97M |
| Total Interest Income | 363.42M | 345.72M | 313.44M | 268.65M | 197.74M | 178.17M |
| Interest Paid on Deposits | 110.58M | 112.75M | 112.52M | 81.17M | 24.07M | 12.75M |
| Interest Paid on Borrowings | 13.99M | 13.99M | 14.93M | 14.37M | 4.57M | 2.34M |
| Total Interest Expense | 124.57M | 126.74M | 127.45M | 95.54M | 28.64M | 15.09M |
| Net Interest Income | 238.84M | 218.98M | 186.00M | 173.11M | 169.10M | 163.08M |
| Trust Income | 18.49M | 16.77M | 14.92M | 13.03M | 12.39M | 12.64M |
| Gain (Loss) on Sale of Investments | 1.15M | 375.00K | 631.00K | 996.00K | -168.00K | -3.51M |
| Other Non-Interest Income | 17.45M | 16.31M | 16.89M | 13.31M | 15.12M | 14.63M |
| Total Non-Interest Income | 68.26M | 63.62M | 62.56M | 57.66M | 57.92M | 57.11M |
| Revenues Before Loan Losses | 307.11M | 282.60M | 248.56M | 230.77M | 227.02M | 220.19M |
| Provision for Loan Losses | 17.16M | 12.44M | 10.95M | 6.81M | 4.91M | -6.39M |
| Revenue | 289.95M | 270.16M | 237.61M | 223.96M | 222.11M | 226.58M |
| Salaries and Employee Benefits | 85.13M | 81.61M | 76.07M | 70.33M | 69.42M | 71.46M |
| Occupancy Expenses | 8.76M | 8.08M | 7.46M | 8.90M | 8.38M | 8.31M |
| Federal Deposit Insurance | 2.99M | 2.83M | 2.59M | 2.48M | 1.45M | 1.38M |
| Selling, General & Administrative | 28.26M | 29.14M | 26.27M | 22.61M | 21.12M | 19.36M |
| Other Non-Interest Expense | 20.24M | 19.96M | 17.29M | 20.18M | 19.70M | 13.67M |
| Total Non-Interest Expense | 146.84M | 143.07M | 130.92M | 125.39M | 121.07M | 115.93M |
| EBT Excluding Unusual Items | 143.11M | 127.09M | 106.69M | 98.57M | 101.04M | 110.64M |
| Pretax Income | 143.11M | 127.09M | 106.69M | 98.57M | 101.04M | 110.64M |
| Income Tax Expense | 33.13M | 29.03M | 23.87M | 20.56M | 19.23M | 22.70M |
| Net Income | 109.98M | 98.06M | 82.81M | 78.00M | 81.81M | 87.94M |
| Net Income to Common | 109.98M | 98.06M | 82.81M | 78.00M | 81.81M | 87.94M |
| Basic Shares Outstanding | 18.05M | 18.01M | 17.95M | 17.89M | 17.84M | 17.79M |
| Diluted Shares Outstanding | 18.09M | 18.04M | 17.98M | 17.90M | 17.85M | 17.80M |
| EPS (Basic) | 6.09 | 5.44 | 4.61 | 4.36 | 4.59 | 4.94 |
| EPS (Diluted) | 6.08 | 5.43 | 4.61 | 4.36 | 4.58 | 4.94 |
| Dividend Per Share | 2.30 | 2.00 | 1.86 | 2.00 | 1.68 | 1.57 |
| Effective Tax Rate | 23.15% | 22.84% | 22.38% | 20.86% | 19.03% | 20.52% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 59.17M | 75.58M | 80.11M | 63.80M | 56.09M | 49.36M |
| Investment Securities | 1.13B | 556.66M | 666.14M | 710.39M | 738.55M | 727.12M |
| Mortgage-Backed Securities | 588.26M | 409.71M | 456.74M | 520.09M | 730.81M | |
| Total Investments | 1.13B | 1.14B | 1.08B | 1.17B | 1.26B | 1.46B |
| Gross Loans | 5.30B | 4.93B | 4.52B | 4.08B | 3.74B | 3.44B |
| Allowance for Loan Losses | -65.06M | -60.17M | -54.97M | -49.54M | -45.98M | -41.76M |
| Other Adjustments to Gross Loans | -34.86M | -32.00M | -32.20M | -29.50M | -28.10M | |
| Net Loans | 5.24B | 4.83B | 4.43B | 4.00B | 3.66B | 3.37B |
| Property, Plant & Equipment | 67.67M | 68.04M | 64.02M | 61.01M | 59.70M | 52.63M |
| Goodwill | 65.49M | 65.49M | 65.49M | 65.49M | 65.49M | 65.49M |
| Loans Held for Sale | 150.00K | 211.00K | 184.00K | 152.00K | 109.00K | 2.63M |
| Accrued Interest Receivable | 25.96M | 24.76M | 23.57M | 19.59M | 15.41M | |
| Restricted Cash | 288.10M | 289.40M | 207.60M | 72.60M | 262.40M | |
| Long-Term Deferred Tax Assets | 20.86M | 29.07M | 28.14M | 39.88M | ||
| Other Real Estate Owned & Foreclosed | 5.21M | 3.07M | 3.65M | 1.62M | 3.67M | 3.49M |
| Other Long-Term Assets | 498.53M | 151.94M | 124.00M | 145.11M | 134.56M | 133.73M |
| Total Assets | 7.06B | 6.68B | 6.19B | 5.77B | 5.38B | 5.42B |
| Interest Bearing Deposits | 3.23B | 3.63B | 3.43B | 2.70B | 2.50B | 2.36B |
| Institutional Deposits | 1.21B | 493.90M | 396.30M | 766.69M | 531.42M | 654.33M |
| Non-Interest Bearing Deposits | 1.25B | 1.26B | 1.24B | 1.26B | 1.39B | 1.33B |
| Total Deposits | 5.69B | 5.39B | 5.07B | 4.72B | 4.43B | 4.34B |
| Short-Term Borrowings | 351.11M | 309.30M | 240.67M | 225.75M | 215.93M | 271.59M |
| Current Portion of Long-Term Debt | 22.00K | |||||
| Current Portion of Leases | 2.20M | 1.95M | ||||
| Accrued Interest Payable | 8.54M | 8.38M | 7.39M | 2.24M | 1.02M | |
| Long-Term Debt | 64.38M | 5.94M | 6.17M | 6.40M | ||
| Federal Home Loan Bank Debt, Long-Term | 271.00K | 314.00K | 334.00K | 355.00K | 375.00K | |
| Long-Term Leases | 15.62M | 14.22M | 13.24M | 16.39M | 17.63M | 13.01M |
| Trust Preferred Securities | 57.84M | 57.84M | 57.84M | 57.84M | 57.84M | |
| Long-Term Deferred Tax Liabilities | 546.00K | |||||
| Other Long-Term Liabilities | 63.24M | 40.68M | 36.91M | 28.76M | 32.13M | 31.39M |
| Total Liabilities | 6.18B | 5.83B | 5.44B | 5.07B | 4.75B | 4.72B |
| Common Stock | 780.63M | 90.58M | 90.29M | 90.00M | 89.59M | 89.22M |
| Additional Paid-In Capital | 236.42M | 233.80M | 231.13M | 229.01M | 227.09M | |
| Retained Earnings | 593.89M | 531.86M | 484.40M | 438.60M | 386.75M | |
| Comprehensive Income & Other | 96.70M | -64.82M | -98.37M | -103.32M | -129.15M | -4.85M |
| Shareholders' Equity | 877.34M | 856.07M | 757.58M | 702.21M | 628.05M | 698.20M |
| Total Liabilities & Equity | 7.06B | 6.68B | 6.19B | 5.77B | 5.38B | 5.42B |
| Total Debt | 431.11M | 389.79M | 320.19M | 306.71M | 291.75M | 342.81M |
| Net Cash (Debt) | -371.94M | -313.96M | -239.84M | -242.67M | -235.42M | -293.21M |
| Net Cash Per Share | -20.56 | -17.40 | -13.34 | -13.56 | -13.19 | -16.47 |
| Filing Date Shares Outstanding | 18.17M | 18.15M | 18.10M | 18.02M | 17.98M | 17.88M |
| Total Common Shares Outstanding | 18.17M | 18.12M | 18.06M | 18.00M | 17.92M | 17.84M |
| Book Value Per Share | 48.29 | 47.26 | 41.95 | 39.01 | 35.05 | 39.13 |
| Tangible Book Value | 811.85M | 790.58M | 692.09M | 636.72M | 562.56M | 632.71M |
| Tangible Book Value Per Share | 44.69 | 43.64 | 38.33 | 35.37 | 31.40 | 35.46 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 98.06M | 82.81M | 78.00M | 81.81M | 87.94M | |
| Depreciation & Amortization | 5.75M | 5.00M | 5.35M | 5.22M | 5.03M | |
| Gain (Loss) on Sale of Assets | -569.00K | 3.00K | -197.00K | -69.00K | 699.00K | |
| Gain (Loss) on Sale of Investments | 2.17M | 1.93M | 1.66M | 5.63M | 8.17M | |
| Provision for Credit Losses | 12.44M | 10.95M | 6.81M | 4.91M | -6.39M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 165.00K | 139.00K | 190.00K | 4.05M | 27.45M | |
| Accrued Interest Receivable | -1.20M | -1.18M | -3.98M | -4.18M | 403.00K | |
| Change in Other Net Operating Assets | -6.75M | 9.95M | -6.19M | 3.12M | 2.53M | |
| Other Operating Activities | -6.68M | -6.33M | -2.13M | -1.87M | -3.94M | |
| Operating Cash Flow | 104.99M | 105.33M | 85.85M | 99.68M | 115.69M | |
| Capital Expenditures | -7.60M | -8.08M | -6.32M | -6.22M | -2.37M | |
| Sale of Property, Plant and Equipment | 1.11M | 70.00K | 375.00K | 620.00K | 830.00K | |
| Investment in Securities | -22.83M | 112.04M | 126.71M | 25.68M | -491.00M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -417.64M | -444.06M | -344.22M | -302.47M | 146.05M | |
| Other Investing Activities | -16.26M | 4.36M | -3.14M | 2.38M | -12.12M | |
| Investing Cash Flow | -463.22M | -335.67M | -226.60M | -280.01M | -358.62M | |
| Short-Term Debt Issued | 68.63M | 14.92M | 9.81M | |||
| Long-Term Debt Issued | 100.00M | 100.00M | 231.56M | 45.00M | ||
| Total Debt Issued | 168.63M | 114.92M | 241.38M | 45.00M | ||
| Short-Term Debt Repaid | -55.66M | -84.77M | ||||
| Long-Term Debt Repaid | -100.44M | -100.40M | -225.34M | -45.04M | -39.00K | |
| Total Debt Repaid | -100.44M | -100.40M | -225.34M | -100.70M | -84.81M | |
| Net Debt Issued (Repaid) | 68.20M | 14.52M | 16.04M | -55.70M | -84.81M | |
| Issuance of Common Stock | 1.32M | 1.77M | 1.13M | 1.04M | 965.00K | |
| Common Dividends Paid | -35.98M | -33.41M | -32.19M | -29.94M | -27.92M | |
| Net Increase (Decrease) in Deposit Accounts | 318.87M | 345.57M | 298.48M | 81.85M | 328.21M | |
| Financing Cash Flow | 352.41M | 328.45M | 283.46M | -2.75M | 216.45M | |
| Net Cash Flow | -5.82M | 98.11M | 142.71M | -183.07M | -26.48M | |
| Free Cash Flow | 97.39M | 97.25M | 79.53M | 93.47M | 113.32M | |
| Free Cash Flow Margin | 36.05% | 40.93% | 35.51% | 42.08% | 50.02% | |
| Free Cash Flow Per Share | 5.40 | 5.41 | 4.44 | 5.24 | 6.37 | |
| Cash Interest Paid | 126.58M | 126.46M | 90.39M | 27.42M | 15.32M | |
| Cash Income Tax Paid | 28.51M | 20.61M | 20.73M | 16.29M | 19.48M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.25B | 1.02B | 957.61M | 789.47M | 822.99M | 778.14M |
| Last Close Price | 68.98 | 55.07 | 49.83 | 39.58 | 39.58 | 36.13 |
| PE Ratio | 11.35 | 10.44 | 11.56 | 10.12 | 10.06 | 8.85 |
| PS Ratio | 4.32 | 3.79 | 4.03 | 3.52 | 3.71 | 3.43 |
| PB Ratio | 1.43 | 1.20 | 1.26 | 1.12 | 1.31 | 1.11 |
| P/FCF Ratio | 9.62 | 10.51 | 9.85 | 9.93 | 8.80 | 6.87 |
| P/OCF Ratio | 9.21 | 9.75 | 9.09 | 9.20 | 8.26 | 6.73 |
| Debt / Equity Ratio | 0.49 | 0.46 | 0.42 | 0.44 | 0.47 | 0.49 |
| Debt / FCF Ratio | 4.00 | 3.29 | 3.86 | 3.12 | 3.02 | |
| Net Debt / Equity Ratio | 0.42 | 0.37 | 0.32 | 0.35 | 0.38 | 0.42 |
| Net Debt / FCF Ratio | 3.22 | 2.47 | 3.05 | 2.52 | 2.59 | |
| Return on Equity (ROE) | 12.87% | 12.15% | 11.35% | 11.73% | 12.34% | 13.00% |
| Return on Assets (ROA) | 1.61% | 1.52% | 1.38% | 1.40% | 1.52% | 1.67% |
| Earnings Yield | 8.81% | 9.58% | 8.65% | 9.88% | 9.94% | 11.30% |
| FCF Yield | 10.40% | 9.52% | 10.15% | 10.07% | 11.36% | 14.56% |
| Dividend Yield | 4.12% | 3.54% | 3.51% | 4.56% | 3.66% | 3.60% |
| Payout Ratio | 39.80% | 36.70% | 40.34% | 41.26% | 36.59% | 31.75% |
| Buyback Yield / Dilution | -0.33% | -0.37% | -0.43% | -0.27% | -0.26% | -0.27% |
| Total Shareholder Return | 3.79% | 3.17% | 3.08% | 4.29% | 3.39% | 3.33% |