CTBI Community Trust Bancorp, Inc.

Community Trust Bancorp, Inc. is a bank holding company, which engages in the provision of community banking services through its subsidiary Community Trust Bank, Inc. It offers commercial & personal banking and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes; and providing funds transfer services. The company was founded on August 12, 1980 and is headquartered in Pikeville, KY.

Company profile

Ticker

CTBI

Exchange

NASDAQ

Website

www.ctbi.com

CEO

Jean R. Hale

Incorporated in

Kentucky

Location

Kentucky

Fiscal year end

Dec 31

Sector

Finance > Regional Banks

Industry (SEC)

State Commercial Banks

Bank Of New York Mellon • Citizens Financial • Northern Trust • M&T Bank • State Street • Ally Financial • Popular • First Citizens BancShares • East West Bancorp • Commerce Bancshares ...

Former names

Community Trust Bancorp Inc, Pikeville National Corp

SEC CIK

0000350852

Corporate docs

Articles of Incorporation & Bylaws

IRS number

610979818

CTBI stock data

S&P 500

1M 1Y 2Y 5Y

Calendar

8 May 20

12 Jul 20

31 Dec 20

News

Company financial data Financial data

Chart CTBI financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	44.7M	45.71M	46.99M	46.82M
Net income	6.58M	16.01M	15.27M	18.32M
Diluted EPS	0.37	0.9	0.86	1.03
Net profit margin	14.72%	35.02%	32.50%	39.14%
Net change in cash	-71.98M	42.86M	-99.82M	67.78M
Cash on hand	192.7M	264.68M	221.82M	321.64M

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	185.4M	171.45M	155.7M	146.58M
Net income	64.54M	59.23M	51.49M	47.35M
Diluted EPS	3.64	3.35	2.92	2.7
Net profit margin	34.81%	34.55%	33.07%	32.30%
Net change in cash	123.23M	-33.82M	30.56M	-42.9M
Cash on hand	264.68M	141.45M	175.27M	144.72M

Financial data from company earnings reports

Recent insider trades

CTBI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	$Price	#Shares	$Value	#Remaining
13 May 20	Minnifield Franky	Common Stock	Buy	Aquire P	No	28.3732	500	14.19K	7,202.918
1 Apr 20	Minnifield Franky	Common Stock	Other	Aquire J	No	31.06	74.96	2.33K	6,702.918
18 Mar 20	Minnifield Franky	Common Stock	Buy	Aquire P	No	30.894	500	15.45K	6,627.958
28 Jan 20	David Andrew Jones	Common Stock	Grant	Aquire A	No	44.64	403	17.99K	5,753.322
28 Jan 20	Ricky D Sparkman	Common Stock	Grant	Aquire A	No	44.64	454	20.27K	12,844.733
28 Jan 20	Richard W Newsom	Common Stock	Grant	Aquire A	No	44.64	454	20.27K	8,321.364
2 Jan 20	Minnifield Franky	Common Stock	Other	Aquire J	No	46.912	49.24	2.31K	6,127.958

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

CTBI institutional ownership history Ownership history

58.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	108	123	-12.2%
Opened positions	9	14	-35.7%
Closed positions	24	10	+140.0%
Increased positions	39	45	-13.3%
Reduced positions	39	37	+5.4%

13F shares	Current	Prev Q	Change
Total value	716.82M	1.34B	-46.6%
Total shares	10.48M	10.92M	-4.1%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Community Trust & Investment	1.78M	$56.44M	+0.7%
BLK BlackRock	1.28M	$40.59M	+1.5%
Dimensional Fund Advisors	1.17M	$37.2M	-1.1%
Vanguard	831.26K	$26.43M	+2.9%
NTRS Northern Trust	576.31K	$18.32M	+0.2%
Dalton Greiner Hartman Maher & Co	433.6K	$13.78M	+1.3%
STT State Street	386.21K	$12.42M	-1.1%
Renaissance Technologies	325.11K	$10.34M	-1.7%
JPM JPMorgan Chase & Co.	279.89K	$8.9M	-3.1%
AMP Ameriprise Financial	261.39K	$8.31M	+10.3%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0	-340.67K	EXIT
FMR	254.45K	+59.24K	+30.3%
Assenagon Asset Management	0	-52.91K	EXIT
WFC Wells Fargo & Company	39.41K	-27.78K	-41.3%
AMP Ameriprise Financial	261.39K	+24.31K	+10.3%
Vanguard	831.26K	+23.65K	+2.9%
PRU Prudential Financial	102.54K	-23.36K	-18.6%
Parametric Portfolio Associates	52.36K	-23.31K	-30.8%
Dupont Capital Management	0	-21.32K	EXIT
Grantham, Mayo, Van Otterloo & Co.	18K	-21.31K	-54.2%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Kentucky First Federal Bancorp

Management Discussion

Table excludes those loans that meet the criteria to be individually evaluated.
The impact of this change in the model was an increase in forecasted reserves of approximately $3.5 million. Additionally, the increase in allocation relative to the unemployment rate qualitative factor was 22 basis points or approximately $7.3 million in additionally forecasted reserves.
As stated above, CTBI adopted CECL effective January 1, 2020. The effect of adoption was a $3.0 million increase in the allowance for credit losses (formerly referred to as the allowance for loan losses).

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Bad

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Removed: affecting, amended, arise, begin, capitalized, characterized, collecting, commencement, Commerce, comparable, comparative, complement, confidence, convertible, conveyed, correction, corrective, depending, destabilizing, development, distributed, earliest, efficient, erecting, exempt, exercised, existed, faced, favorable, February, hindsight, improved, Index, infrastructure, initially, insignificant, institution, investor, land, larger, leased, leasing, lessee, lessor, natural, observed, obtainable, oil, opening, pattern, pay, prepaid, pressure, prompt, rapidly, realizable, recession, recording, refined, rehabilitating, rent, rental, requesting, Residual, rolling, scheduled, separating, shortfall, show, significance, stabilized, Supplemental, technical, tract, treated, type, uneven, Unfavorable, unrestricted, variable, worldwide, worsen

From filing 10-Q 2020 Q1