Community Trust Bancorp Third Quarter 2024 Earnings: Beats Expectations

Community Trust Bancorp (NASDAQ:CTBI) Third Quarter 2024 Results

Key Financial Results

• 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).
• EPS: US$1.23 (up from US$1.15 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Community Trust Bancorp Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 7.4%.

Looking ahead, 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.

Performance of the American Banks industry.

The company's shares are up 8.6% from a week ago.

Risk Analysis

Be aware that Community Trust Bancorp is showing 1 warning sign in our investment analysis that you should know about...

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