Price Target Changed • Jul 16
Price target increased by 10% to US$81.33 Up from US$73.67, the current price target is an average from 3 analysts. New target price is 5.7% above last closing price of US$76.98. Stock is up 36% over the past year. The company is forecast to post earnings per share of US$6.41 for next year compared to US$5.44 last year. Announcement • Jul 15
Community Trust Bancorp, Inc. Reports Net Charge Offs for the Second Quarter Ended June 30, 2026 Community Trust Bancorp, Inc. reported net charge offs for the second quarter ended June 30, 2026. For the period, the company reported net charge-offs of $917,000 compared to $1,353,000 a year ago. Upcoming Dividend • Jun 08
Upcoming dividend of US$0.53 per share Eligible shareholders must have bought the stock before 15 June 2026. Payment date: 01 July 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (4.2%). Higher than average of industry peers (2.3%). Announcement • May 05
Community Trust Bancorp, Inc. Announces Planned Retirement of Richard W. Newsom as Executive Vice President, Effective February 5, 2027 Community Trust Bancorp, Inc. announced that on April 29, 2026, Richard W. Newsom, Executive Vice President of Community Trust Bancorp, Inc., notified the Company of his planned retirement effective as of February 5, 2027. Mr. Newsom currently serves and will continue to serve as Executive Vice President of the Company until his planned retirement on February 5, 2027. Declared Dividend • May 03
First quarter dividend of US$0.53 announced Shareholders will receive a dividend of US$0.53. Ex-date: 15th June 2026 Payment date: 1st July 2026 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 5.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.7% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 01
Community Trust Bancorp, Inc. Declares Its Quarterly Cash Dividend, Payable on July 1, 2026 On April 28, 2026, the Board of Directors of Community Trust Bancorp, Inc. declared its quarterly cash dividend of $0.53 per share, which will be paid on July 1, 2026, to shareholders of record on June 15, 2026. Reported Earnings • Apr 16
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$1.51 (up from US$1.22 in 1Q 2025). Revenue: US$71.9m (up 15% from 1Q 2025). Net income: US$27.2m (up 24% from 1Q 2025). Profit margin: 38% (up from 35% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 8.3%. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 16
Community Trust Bancorp, Inc. Reports Net Charge Offs for the First Quarter Ended March 31, 2026 Community Trust Bancorp, Inc. reported net charge offs for the first quarter ended March 31, 2026. The company reported net charge offs of $1,318,000 against $1,575,000 reported a year ago. Announcement • Mar 19
Community Trust Bancorp, Inc., Annual General Meeting, Apr 28, 2026 Community Trust Bancorp, Inc., Annual General Meeting, Apr 28, 2026. Location: fourth floor of the community trust bancorp, inc, corporate headquarters, 346 north mayo trail, pikeville, kentucky, United States Upcoming Dividend • Mar 06
Upcoming dividend of US$0.53 per share Eligible shareholders must have bought the stock before 13 March 2026. Payment date: 01 April 2026. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.5%). Reported Earnings • Mar 02
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$5.44 (up from US$4.61 in FY 2024). Revenue: US$270.2m (up 14% from FY 2024). Net income: US$98.1m (up 18% from FY 2024). Profit margin: 36% (up from 35% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.62% (up from 3.36% in FY 2024). Non-performing loans: 0.39% (down from 0.59% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.6%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 01
Fourth quarter dividend of US$0.53 announced Shareholders will receive a dividend of US$0.53. Ex-date: 13th March 2026 Payment date: 1st April 2026 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (37% payout ratio) and is expected to be well covered in 3 years' time (37% forecast payout ratio). The dividend has increased by an average of 6.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 28
Community Trust Bancorp, Inc. Declares Its Quarterly Cash Dividend, Payable on April 1, 2026 On January 27, 2026, the Board of Directors of Community Trust Bancorp, Inc., declared its quarterly cash dividend of $0.53 per share, which will be paid on April 1, 2026, to shareholders of record on March 15, 2026. Community Trust Bancorp, Inc., with assets of $6.7 billion, is headquartered in Pikeville, Kentucky and has 72 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. Price Target Changed • Jan 26
Price target increased by 11% to US$68.50 Up from US$61.67, the current price target is an average from 2 analysts. New target price is 12% above last closing price of US$61.10. Stock is up 13% over the past year. The company is forecast to post earnings per share of US$5.79 for next year compared to US$5.44 last year. Reported Earnings • Jan 22
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$5.44 (up from US$4.61 in FY 2024). Revenue: US$270.2m (up 14% from FY 2024). Net income: US$98.1m (up 18% from FY 2024). Profit margin: 36% (up from 35% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.6%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 21
Community Trust Bancorp, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2025 Community Trust Bancorp, Inc. reported net charge-offs for the fourth quarter ended December 31, 2025. For the quarter, the company reported net charge-offs of $1,755,000 against $979,000 a year ago. Upcoming Dividend • Dec 08
Upcoming dividend of US$0.53 per share Eligible shareholders must have bought the stock before 15 December 2025. Payment date: 02 January 2026. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.4%). Declared Dividend • Nov 03
Third quarter dividend of US$0.53 announced Shareholders will receive a dividend of US$0.53. Ex-date: 15th December 2025 Payment date: 2nd January 2026 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (37% payout ratio) and is expected to be well covered in 3 years' time (36% forecast payout ratio). The dividend has increased by an average of 6.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 29
Community Trust Bancorp, Inc. Declares Its Quarterly Cash Dividend, Payable on January 2, 2025 On October 28, 2025, the Board of Directors of Community Trust Bancorp, Inc. declared its quarterly cash dividend of $0.53 per share, which will be paid on January 2, 2025, to shareholders of record on December 15, 2025. Reported Earnings • Oct 15
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: US$1.33 (up from US$1.23 in 3Q 2024). Revenue: US$67.6m (up 13% from 3Q 2024). Net income: US$23.9m (up 8.0% from 3Q 2024). Profit margin: 35% (down from 37% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Announcement • Oct 15
Community Trust Bancorp, Inc. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2025 Community Trust Bancorp, Inc. reported net charge-offs for the third quarter ended September 30, 2025. For the quarter, the company reported net charge-offs were $2,748,000 compared to $1,524,000 a year ago. Upcoming Dividend • Sep 08
Upcoming dividend of US$0.53 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 01 October 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.5%). Declared Dividend • Jul 25
Second quarter dividend increased to US$0.53 Dividend of US$0.53 is 13% higher than last year. Ex-date: 15th September 2025 Payment date: 1st October 2025 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.1% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 23
Community Trust Bancorp, Inc. Declares Quarterly Dividend, Payable on October 1, 2025 On July 22, 2025, the Board of Directors of Community Trust Bancorp, Inc. increased its quarterly cash dividend to $0.53 per share beginning with the October 1, 2025 payment to shareholders of record on September 15, 2025. Price Target Changed • Jul 18
Price target increased by 8.8% to US$61.50 Up from US$56.50, the current price target is an average from 2 analysts. New target price is 8.0% above last closing price of US$56.94. Stock is up 16% over the past year. The company is forecast to post earnings per share of US$5.35 for next year compared to US$4.61 last year. Reported Earnings • Jul 17
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$1.38 (up from US$1.09 in 2Q 2024). Revenue: US$68.1m (up 17% from 2Q 2024). Net income: US$24.9m (up 28% from 2Q 2024). Profit margin: 37% (up from 33% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 16
Community Trust Bancorp, Inc. Reports Net Charge Offs for the Second Quarter of 2025 Community Trust Bancorp, Inc. reported net charge offs for the second quarter of 2025. For the quarter, the company reported net charge-offs for the quarter, $0.5 million were in commercial loans, $0.8 million were in indirect consumer loans, and $0.1 million were in direct consumer loans. Announcement • Jun 27
Community Trust Bancorp, Inc. Announces the Appointment of David L. Baird to Its Board of Directors Community Trust Bancorp, Inc. announced the appointment of David L. Baird to its Board of Directors. A native of Pikeville, Kentucky, Mr. Baird is an attorney and shareholder at Baird & Baird, P.S.C. in Pikeville, Kentucky. He earned a Bachelor of Science degree from the Richard T. Farmer School of Business at Miami University (Ohio) and a Juris Doctor from the Salmon P. Chase College of Law at Northern Kentucky University in Highland Heights, Kentucky. Mr. Baird’s legal practice has concentrated on Mineral and Environmental Law, Real Property and Contract Litigation, Business Transactions, Bankruptcy (Creditor), and General Practice. He is a member of the Kentucky Bar Association and the Pike County Bar Association, and is admitted to practice in all courts in the Commonwealth of Kentucky, the United States District Courts in both the Western and Eastern District of Kentucky, and the United States Court of Appeals for the Sixth Circuit. Mr. Baird is a member of the Board of Directors of Pikeville Medical Center, Inc., The Elliott Company, Hocker Developments, Inc., and the Pike County Regional Airport Board. He was a member of the Board of Directors of the Southeast Kentucky Chamber of Commerce from 2014 through 2019, serving as its Chairman in 2018. He also serves on the Board of Sandy Valley Habitat for Humanity, The Rotary Club of Pikeville, and the regional education initiative, Community Economic Development and Revitalization (CEDAR). Announcement • Jun 25
Community Trust Bancorp, Inc. Announces Board and Committee Changes On June 21, 2025, Franklin H. Farris, Jr. attained the age of 75 and, therefore, has retired from Community Trust Bancorp, Inc.'s Board of Directors. Mr. Farris’ retirement reduces the number of directors from ten to nine. Mr. Farris held the position of Audit and Asset Quality Committee Chairman. Upon Mr. Farris’ retirement, the Board of Directors appointed Eugenia Crittenden “Crit” Luallen as Chairman of the Audit and Asset Quality Committee. Ms. Luallen currently serves as Vice Chairman and lead independent director of CTBI’s Board of Directors. The Board has determined that Ms. Luallen is an audit committee financial expert for CTBI. Upcoming Dividend • Jun 06
Upcoming dividend of US$0.47 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 01 July 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (2.7%). Declared Dividend • Apr 25
First quarter dividend of US$0.47 announced Shareholders will receive a dividend of US$0.47. Ex-date: 13th June 2025 Payment date: 1st July 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.6% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 23
Community Trust Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on July 1, 2025 On April 22, 2025, the Board of Directors of Community Trust Bancorp, Inc. declared its quarterly cash dividend of $0.47 per share, which will be paid on July 1, 2025, to shareholders of record on June 15, 2025. Reported Earnings • Apr 16
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$1.22 (up from US$1.04 in 1Q 2024). Revenue: US$62.6m (up 12% from 1Q 2024). Net income: US$22.0m (up 18% from 1Q 2024). Profit margin: 35% (up from 33% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Announcement • Apr 16
Community Trust Bancorp, Inc. Announces Net Charge-Offs for the First Quarter Ended March 31, 2025 Community Trust Bancorp, Inc. announced net charge-offs for the first quarter ended March 31, 2025. For the quarter, the company announced net charge-offs of $1,575,000 compared to $1,628,000 a year ago. Announcement • Mar 24
Community Trust Bancorp, Inc., Annual General Meeting, Apr 22, 2025 Community Trust Bancorp, Inc., Annual General Meeting, Apr 22, 2025. Location: fourth floor of the communitytrust bancorp, inc., corporate headquarters, 346 north mayo trail, kentucky, pikeville, United States Upcoming Dividend • Mar 07
Upcoming dividend of US$0.47 per share Eligible shareholders must have bought the stock before 14 March 2025. Payment date: 01 April 2025. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.6%). Higher than average of industry peers (2.7%). Reported Earnings • Mar 03
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: US$4.61 (up from US$4.36 in FY 2023). Revenue: US$237.6m (up 6.1% from FY 2023). Net income: US$82.8m (up 6.2% from FY 2023). Profit margin: 35% (in line with FY 2023). Net interest margin (NIM): 3.36% (up from 3.32% in FY 2023). Non-performing loans: 0.59% (up from 0.34% in FY 2023). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Declared Dividend • Jan 31
Fourth quarter dividend of US$0.47 announced Shareholders will receive a dividend of US$0.47. Ex-date: 14th March 2025 Payment date: 1st April 2025 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (40% payout ratio) and is expected to be well covered in 3 years' time (36% forecast payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 29
Community Trust Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on April 1, 2025 On January 28, 2025, the Board of Directors of Community Trust Bancorp, Inc. declared its quarterly cash dividend of $0.47 per share, which will be paid on April 1, 2025, to shareholders of record on March 15, 2025. Reported Earnings • Jan 16
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: US$4.61 (up from US$4.36 in FY 2023). Revenue: US$237.6m (up 7.4% from FY 2023). Net income: US$82.8m (up 6.2% from FY 2023). Profit margin: 35% (in line with FY 2023). Net interest margin (NIM): 3.36% (up from 3.32% in FY 2023). Non-performing loans: 0.59% (up from 0.34% in FY 2023). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jan 16
Community Trust Bancorp, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2024 Community Trust Bancorp, Inc. reported net charge-offs for the fourth quarter ended December 31, 2024. For the quarter, the company reported net charge-offs of $979,000 against $991,000 a year ago. Upcoming Dividend • Dec 06
Upcoming dividend of US$0.47 per share Eligible shareholders must have bought the stock before 13 December 2024. Payment date: 02 January 2025. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (4.2%). Higher than average of industry peers (2.5%). Price Target Changed • Nov 08
Price target increased by 9.1% to US$60.00 Up from US$55.00, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$57.75. Stock is up 48% over the past year. The company is forecast to post earnings per share of US$4.56 for next year compared to US$4.36 last year. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$60.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 52% over the past three years. Declared Dividend • Oct 25
Third quarter dividend of US$0.47 announced Shareholders will receive a dividend of US$0.47. Ex-date: 13th December 2024 Payment date: 2nd January 2025 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (42% payout ratio) and is expected to be well covered in 3 years' time (37% forecast payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 25
Community Trust Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on January 2, 2024 On October 22, 2024, the Board of Directors of Community Trust Bancorp, Inc. declared its cash dividend of $0.47 per share, which will be paid on January 2, 2025, to shareholders of record on December 15, 2024. Announcement • Oct 17
Community Trust Bancorp, Inc. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2024 Community Trust Bancorp, Inc. reported net charge-offs for the third quarter ended September 30, 2024. For the quarter, the company reported net charge-offs of $1,524,000 against $1,170,000 a year ago. Reported Earnings • Oct 16
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$1.23 (up from US$1.15 in 3Q 2023). Revenue: US$60.0m (up 7.1% from 3Q 2023). Net income: US$22.1m (up 7.3% from 3Q 2023). Profit margin: 37% (in line with 3Q 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 7.4%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 06
Upcoming dividend of US$0.47 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 01 October 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.8%). Recent Insider Transactions Derivative • Jul 30
Executive Vice President exercised options to buy US$504k worth of stock. On the 22nd of July, David Jones exercised options to buy 10k shares at a strike price of around US$49.42, costing a total of US$494k. This transaction amounted to 76% of their direct individual holding at the time of the trade. Since December 2023, David's direct individual holding has decreased from 23.51k shares to 23.21k. Company insiders have collectively bought US$1.1m more than they sold, via options and on-market transactions, in the last 12 months. Declared Dividend • Jul 26
Second quarter dividend increased to US$0.47 Dividend of US$0.47 is 2.2% higher than last year. Ex-date: 13th September 2024 Payment date: 1st October 2024 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.3% over the next year, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Jul 24
Executive Vice President recently sold US$546k worth of stock On the 22nd of July, David Jones sold around 11k shares on-market at roughly US$49.41 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$482k more than they bought in the last 12 months. Announcement • Jul 24
Community Trust Bancorp, Inc. Increases its Quarterly Cash Dividend, Payable on October 1, 2024 On July 23, 2024, the Board of Directors of Community Trust Bancorp, Inc. increased its quarterly cash dividend to $0.47 per share beginning with the October 1, 2024 payment to shareholders of record on September 15, 2024. This represents an increase of 2.2% in the quarterly cash dividend. Recent Insider Transactions Derivative • Jul 22
Executive Vice President notifies of intention to sell stock David Jones intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of July. If the sale is conducted around the recent share price of US$49.42, it would amount to US$494k. Since December 2023, David's direct individual holding has increased from 23.51k shares to 23.80k. Company insiders have collectively bought US$551k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Jul 18
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: US$1.09 (up from US$1.09 in 2Q 2023). Revenue: US$58.4m (up 5.8% from 2Q 2023). Net income: US$19.5m (flat on 2Q 2023). Profit margin: 33% (down from 35% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%. Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$48.33, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 40% over the past three years. Price Target Changed • Jul 09
Price target increased by 8.9% to US$49.00 Up from US$45.00, the current price target is provided by 1 analyst. New target price is 17% above last closing price of US$41.94. Stock is up 15% over the past year. The company is forecast to post earnings per share of US$4.18 for next year compared to US$4.36 last year. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.46 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.0%). Reported Earnings • May 11
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: US$1.04 (down from US$1.08 in 1Q 2023). Revenue: US$56.1m (flat on 1Q 2023). Net income: US$18.7m (down 3.3% from 1Q 2023). Profit margin: 33% (in line with 1Q 2023). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.8%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • Apr 28
First quarter dividend of US$0.46 announced Shareholders will receive a dividend of US$0.46. Ex-date: 14th June 2024 Payment date: 1st July 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Announcement • Apr 24
Community Trust Bancorp, Inc. Declares Its Cash Dividend, Payable July 1, 2024 Community Trust Bancorp, Inc. declared its cash dividend of $0.46 per share, which will be paid on July 1, 2024, to shareholders of record on June 15, 2024. Reported Earnings • Apr 17
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: US$1.04 (down from US$1.08 in 1Q 2023). Revenue: US$56.1m (flat on 1Q 2023). Net income: US$18.7m (down 3.3% from 1Q 2023). Profit margin: 33% (down from 35% in 1Q 2023). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.8%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Announcement • Apr 17
Community Trust Bancorp, Inc. Reports Unaudited Net Charge-Offs for the First Quarter Ended March 31, 2024 Community Trust Bancorp, Inc. reported unaudited net charge-offs for the first quarter ended March 31, 2024. For the quarter, the company reported net charge-offs of $1,628,000 against $414,000 a year ago. Board Change • Mar 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Jeff Sandlin was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 19
Community Trust Bancorp, Inc., Annual General Meeting, Apr 23, 2024 Community Trust Bancorp, Inc., Annual General Meeting, Apr 23, 2024, at 10:00 US Eastern Standard Time. Location: Corporate Headquarters, 346 North Mayo Trail Pikeville Kentucky United States Agenda: To elect a Board of eleven directors to hold office until the next Annual Meeting of Shareholders and until their successors are elected and qualify; to consider and approve the proposed 2025 Stock Ownership Incentive Plan; to ratify and approve the appointment of FORVIS, LLP as CTBI’s Independent Registered Public Accounting Firm for the fiscal year ending December 31, 2024; to approve the advisory (nonbinding) resolution relating to executive compensation; and to transact such other business as may properly come before the meeting or any adjournment thereof. Declared Dividend • Mar 11
Fourth quarter dividend of US$0.46 announced Shareholders will receive a dividend of US$0.46. Ex-date: 14th March 2024 Payment date: 1st April 2024 Dividend yield will be 4.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (41% payout ratio) and is expected to be well covered in 3 years' time (44% forecast payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 3.2% over the next 2 years. However, it would need to fall by 54% to increase the payout ratio to a potentially unsustainable range. Announcement • Mar 08
Community Trust Bancorp, Inc. Declares Its Cash Dividend, Payable on April 1, 2024 The Board of Directors of Community Trust Bancorp, Inc. declared its cash dividend of $0.46 per share, which will be paid on April 1, 2024, to shareholders of record on March 15, 2024. Reported Earnings • Mar 01
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: US$4.36 (down from US$4.59 in FY 2022). Revenue: US$221.3m (flat on FY 2022). Net income: US$78.0m (down 4.7% from FY 2022). Profit margin: 35% (down from 37% in FY 2022). Net interest margin (NIM): 3.32% (no change from 3.32% in FY 2022). Non-performing loans: 0.34% (down from 0.41% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jan 26
Executive Vice President recently bought US$107k worth of stock On the 24th of January, Mark Smith bought around 3k shares on-market at roughly US$41.31 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$983k more in shares than they have sold in the last 12 months. Announcement • Jan 26
Community Trust Bancorp, Inc. Announces the Appointment of Jeff Sandlin to Its Board of Directors Community Trust Bancorp, Inc. announced the appointment of Jeff Sandlin to its Board of Directors on January 23, 2024. Mr. Sandlin will serve on the Audit & Asset Quality and the Risk and Compliance Committees. Mr. Sandlin worked in the mining industry from 1980-1994. He joined Perry Distributors, Inc., in 1994 and worked his way through every area of the business including warehouse, delivery, marketing, human resources, and sales and administration. He was appointed General Manager in 1999 and is currently the Chief Operating Officer for Perry Distributors, Inc. He led the acquisition efforts of two additional companies, one in Ashland, Kentucky and another in Ironton, Ohio in 2016. Mr. Sandlin is a former member of the Community Trust Bank, Inc.Hazard Market Advisory Board. His hobbies include golf, exercising, fishing, and spending time with his grandchildren. He resides in Hazard, Kentucky. Reported Earnings • Jan 17
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: US$4.36 (down from US$4.59 in FY 2022). Revenue: US$224.0m (up 2.1% from FY 2022). Net income: US$78.0m (down 4.7% from FY 2022). Profit margin: 35% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Announcement • Dec 09
Community Trust Bancorp, Inc. Announces Promotion of Executives, Effective January 1, 2024 Community Trust Bancorp, Inc. announced that Mark Smith has been promoted to the position of Executive Vice President, Chief Credit Officer and Jeremy Clark has been promoted to the position of Senior Vice President, Loan Review Manager. Both promotions are effective January 1, 2024. James J. Gartner will be retiring from Community Trust Bank on December 31, 2023 as Executive Vice President, Chief Credit Officer. Mr. Gartner has more than 55 years of banking experience, including more than 21 years with Community Trust Bank. He has been responsible for the management of all commercial, mortgage and consumer lending and underwriting in the $4 billion loan portfolio. Mr. Gartner started his banking career as a National Bank Examiner in 1968 in Rockford, Illinois. As a National Bank Examiner, he lived in four different states. In 1985 he joined First Bank System in Rapid City, South Dakota as Director and Chief Credit Officer. He has also held directorate and senior credit lending management positions in Kansas, Arizona and Florida. Mr. Smith's 30-year career in the financial services industry includes time as an Associate National Bank Examiner for the Comptroller of the Currency, head of quality control for a nationwide loan production operation, and previously managing the loan review function of a large community bank. He joined Community Trust Bank, Inc. in that same position in 2006. Mr. Smith is a licensed Certified Public Accountant and is Credit Risk Certified by the Risk Management Association. He earned a Bachelor of Business Administration degree from Marshall University in Huntington, West Virginia and is a graduate of the Graduate School of Banking at Louisiana State University in Baton Rouge, Louisiana. He earned a Master of Business Administration degree from the University of Tennessee at Martin. Mr. Smith was born in Charleston, West Virginia and is a long-term resident of Pikeville, Kentucky. Mr. Clark has worked for Community Trust Bank, Inc. for over 10 years. He served as Senior Internal Auditor for three years and Loan Review Analyst for seven years. He has worked in governance, risk, and compliance related functions for approximately 24 years. He earned Master's and Bachelor's degrees in Business Administration from Morehead State University in Morehead, Kentucky. Mr. Clark is a Certified Internal Auditor and is Credit Risk Certified through the Risk Management Association. He completed the ABA Stonier National Graduate School of Banking/Wharton Leadership Program in 2020. He is a member of Graceway Church in Langley, Kentucky and the father of two beautiful daughters. He was born in Pikeville, Kentucky and has been an eastern Kentucky resident the majority of his life. Recent Insider Transactions • Dec 08
Executive Vice President recently sold US$208k worth of stock On the 6th of December, James Draughn sold around 5k shares on-market at roughly US$41.61 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$673k more than they sold in the last 12 months. Upcoming Dividend • Dec 07
Upcoming dividend of US$0.46 per share at 4.5% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 02 January 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (3.5%). Announcement • Dec 05
Community Trust Bancorp, Inc. Appoints Lillian (Kay) Webb to Its Board of Directors Community Trust Bancorp, Inc. appointed Dr. Lillian (Kay) Webb as an independent director, to its Board of Directors, effective immediately. The addition of Dr. Webb expands CTBI’s board of directors (the board) to eleven members. Dr. Webb is expected to be named to the Audit and Asset Quality and Risk and Compliance Committees of the Board. In connection with her service as a non-employee director, Dr. Webb will be compensated in accordance with CTBI’s standard compensation policies and practices for non-employee directors of the Board. Lillian (Kay) Webb, Ph.D., was born in Bedford, Indiana, into a family of educators who taught her the love of learning. From a young age, she embraced education as a significant part of her life. Dr. Webb pursued her passion for vocal performance in college at Olivet Nazarene University in Bourbonnais, Illinois. She completed two master's degrees in music and counseling and a doctorate in counseling psychology at Ball State University in Muncie, Indiana. Dr. Webb has served as faculty at Indiana Wesleyan University and Northwest Nazarene University, and she is currently the Director of the Center for Career, Vocation, and Leadership at the University of Pikeville (UPIKE) in Pikeville, Kentucky. At UPIKE, Dr. Webb assists and advises students as they explore career paths through college and beyond. Additionally, she works with departmental teams to identify individual strengths, increase team productivity, and improve employee satisfaction. Dr. Webb is married to Dr. Burton Webb, the president of UPIKE. The couple has two adult children who lead successful lives in Chicago and Indianapolis. Announcement • Oct 26
Community Trust Bancorp, Inc. Declares Its Cash Dividend, Payable on January 1, 2024 On October 24, 2023, the board of directors of Community Trust Bancorp, Inc. declared its cash dividend of $0.46 per share, which will be paid on January 1, 2024, to shareholders of record on December 15, 2023. Reported Earnings • Oct 20
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: US$1.15 (up from US$1.09 in 3Q 2022). Revenue: US$56.8m (up 3.0% from 3Q 2022). Net income: US$20.6m (up 6.5% from 3Q 2022). Profit margin: 36% (up from 35% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year. Recent Insider Transactions • Sep 27
Executive Vice President recently bought US$81k worth of stock On the 22nd of September, Ricky Sparkman bought around 2k shares on-market at roughly US$34.25 per share. This transaction amounted to 6.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$83k. Insiders have collectively bought US$643k more in shares than they have sold in the last 12 months. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.46 per share at 5.2% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 01 October 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of American dividend payers (4.9%). Higher than average of industry peers (3.7%). Announcement • Jul 28
Community Trust Bancorp, Inc. Declares a Quarterly Cash Dividend, Payable on October 1, 2023 On July 25, 2023, the Board of Directors of Community Trust Bancorp, Inc. declared a quarterly cash dividend of $0.46 per share beginning with the October 1, 2023 payment to shareholders of record on September 15, 2023. This represents an increase of 4.5% in the quarterly cash dividend. Announcement • Jul 22
Community Trust Bancorp, Inc. Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2023 Community Trust Bancorp, Inc. reported net loan charge-offs for the second quarter ended June 30, 2023. For the quarter, the company reported net loan charge-offs of $674,000 compared to $43,000 a year ago. Reported Earnings • Jul 20
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: US$1.09 (down from US$1.14 in 2Q 2022). Revenue: US$55.8m (up 2.5% from 2Q 2022). Net income: US$19.4m (down 4.3% from 2Q 2022). Profit margin: 35% (down from 37% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$39.85, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 32% over the past three years. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.44 per share at 4.6% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of American dividend payers (5.1%). Higher than average of industry peers (3.7%). Recent Insider Transactions • Apr 28
Independent Chairman & Lead Director recently bought US$180k worth of stock On the 21st of April, M. Parrish bought around 5k shares on-market at roughly US$35.95 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was M.'s only on-market trade for the last 12 months. Reported Earnings • Apr 20
First quarter 2023 earnings: EPS misses analyst expectations First quarter 2023 results: EPS: US$1.08 (down from US$1.11 in 1Q 2022). Revenue: US$56.5m (up 5.8% from 1Q 2022). Net income: US$19.3m (down 2.1% from 1Q 2022). Profit margin: 34% (down from 37% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 29
Price target decreased by 15% to US$45.00 Down from US$53.00, the current price target is provided by 1 analyst. New target price is 17% above last closing price of US$38.35. Stock is down 6.6% over the past year. The company is forecast to post earnings per share of US$4.45 for next year compared to US$4.59 last year.