Community Trust Bancorp (CTBI)

Community Trust Bancorp, Inc., with assets of $5.1 billion, is headquartered in Pikeville, Kentucky and has 70 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.

Company profile

Ticker

CTBI

Exchange

NASDAQ

Website

www.ctbi.com

CEO

Jean R. Hale

Incorporated

Kentucky

Location

Kentucky

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Citizens Financial • Northern Trust • M & T Bank • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc • SVB Financial • Commerce Bancshares ...

Former names

COMMUNITY TRUST BANCORP INC/, PIKEVILLE NATIONAL CORP

SEC CIK

0000350852

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Community Trust Bank, Inc. • Community Trust and Investment Company ...

IRS number

610979818

CTBI stock data

1M 1Y 5Y

News

From Benzinga Pro

Community Trust Bancorp Q2 EPS $1.14 Down From $1.34 YoY

20 Jul 22

Community Trust Bancorp (NASDAQ:CTBI) reported quarterly earnings of $1.14 per share. This is a 14.93 percent decrease over earnings of $1.34 per share from the same period last year.

Press releases

From Benzinga Pro

Community Trust Bancorp, Inc. Increases Its Cash Dividend

27 Jul 22

On July 26, 2022, the Board of Directors of Community Trust Bancorp, Inc. (NASDAQ:CTBI) increased its quarterly cash dividend to $0.44 per share beginning with the October 1, 2022 payment to shareholders of record on

Community Trust Bancorp, Inc. Reports Earnings for the 2nd Quarter 2022

20 Jul 22

Community Trust Bancorp, Inc. (NASDAQ:CTBI): Earnings Summary (in thousands except per share data) 2Q 2022 1Q 2022 2Q 2021 YTD 2022 YTD 2021 Net

Calendar

8 Aug 22

19 Aug 22

31 Dec 22

Financial summary

Financial statements Chart CTBI financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	213.67M	213.67M	213.67M	213.67M	213.67M	213.67M
Cash burn (monthly)	(no burn)	20.06M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	33.71M	n/a	n/a	n/a	n/a
Cash remaining	n/a	179.95M	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	9.0	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

CTBI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
18 Aug 22	James J Gartner	Common Stock	Sell	Dispose S	No	No	44.89	435	19.53K	1,491
16 Aug 22	Andy D Waters	Common Stock	Sell	Dispose S	No	No	45.0022	458	20.61K	1,575
29 Jun 22	Charles J Baird	Common Stock	Buy	Acquire P	Yes	No	40.55	100	4.06K	2,500
29 Jun 22	Charles J Baird	Common Stock	Buy	Acquire P	Yes	No	40.56	400	16.22K	2,400
26 Apr 22	David I Tackett	Common Stock	Grant	Acquire A	No	No	40.78	5,000	203.9K	6,989.179
1 Apr 22	Charles J Baird	Common Stock	Other	Acquire J	Yes	No	41.27	1.475	60.86	263.619
3 Jan 22	Charles J Baird	Common Stock	Other	Acquire J	Yes	No	44.38	1.359	60.31	262.144

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

Institutional ownership, Q2 2022

CTBI institutional ownership history Ownership history

58.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	126	139	-9.4%
Opened positions	9	20	-55.0%
Closed positions	22	6	+266.7%
Increased positions	35	52	-32.7%
Reduced positions	50	38	+31.6%

13F shares	Current	Prev Q	Change
Total value	421.64M	427.71M	-1.4%
Total shares	10.42M	10.36M	+0.6%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Community Trust & Investment	1.89M	$76.26M	+8.4%
BLK Blackrock	1.46M	$59.12M	-0.1%
Dimensional Fund Advisors	1.11M	$44.78M	+3.4%
Vanguard	858.19K	$34.71M	+2.3%
NTRS Northern Trust	507.27K	$20.51M	-2.6%
STT State Street	446.72K	$18.24M	-1.9%
FMR	337.12K	$13.63M	-4.9%
AMP Ameriprise Financial	303.38K	$12.27M	-1.6%
Geode Capital Management	284.06K	$11.49M	+3.9%
Clifford Capital Partners	239.04K	$9.67M	+49.9%

Largest transactions	Shares	Bought/sold	Change
Community Trust & Investment	1.89M	+145.95K	+8.4%
JPM JPMorgan Chase & Co.	183.84K	-99.58K	-35.1%
Clifford Capital Partners	239.04K	+79.61K	+49.9%
Parametric Portfolio Associates	0	-75.89K	EXIT
MS Morgan Stanley	130.91K	+75.47K	+136.1%
Renaissance Technologies	153.71K	-44.08K	-22.3%
Dimensional Fund Advisors	1.11M	+36.25K	+3.4%
Alliancebernstein	81.61K	+30.57K	+59.9%
Panagora Asset Management	70.41K	+29.24K	+71.0%
Healthcare Of Ontario Pension Plan Trust Fund	28.7K	+28.7K	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Kentucky First Federal Bancorp

Management Discussion

We reported earnings for the second quarter 2022 of $20.3 million, or $1.14 per basic share, compared to $19.7 million, or $1.11 per basic share, earned during the first quarter 2022 and $23.9 million, or $1.35 per basic share, earned during the second quarter 2021. Total revenue was $0.3 million above prior quarter but $0.2 million below prior year same quarter. Net interest revenue increased $0.8 million compared to prior quarter and prior year same quarter; however, noninterest income decreased $0.5 million compared to prior quarter and $1.0 million compared to prior year same quarter. The decrease in noninterest income quarter over quarter was primarily the result of a variance in the valuation of our mortgage servicing rights, while the decrease year over year was primarily the result of a decrease in gains on sales of loans. Provision for credit losses for the quarter was $0.1 million, compared to provision of $0.9 million for the quarter ended March 31, 2022 and a recovery of provision of $4.3 million for the second quarter 2021. Noninterest expense increased $0.6 million compared to prior quarter and $0.5 million compared to prior year same quarter. Net income for the six months ended June 30, 2022 was below prior year by $7.5 million, primarily due to the $6.8 million recovery of provision for credit losses taken in 2021.

Content analysis

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

New words: amend, assistance, branch, damage, duration, flooding, FOMC, illustrative, interruption, prohibit, repair, variance

Removed: twelve, WAL

From filing 10-Q 2022 Q2

Financial reports

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