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On October 25, 2022, Community Trust Bancorp, Inc. (NASDAQ: CTBI) announced a cash dividend of $0.44 per share. This dividend will be paid on January 1, 2023, to shareholders recorded by December 15, 2022. With total assets of $5.5 billion, Community Trust operates 69 banking locations in Kentucky, along with branches in West Virginia and Tennessee. The company remains committed to providing value to its shareholders through consistent dividend payments.
Community Trust Bancorp, Inc. (NASDAQ:CTBI) reported third-quarter 2022 net income of $19.4 million, or $1.09 per share, a decrease from $20.3 million in Q2 2022 and $21.1 million in Q3 2021. Year-to-date net income was $59.4 million, down from $68.7 million last year. Net interest income rose to $43.5 million, up $2.7 million from the prior quarter. The provision for credit losses increased to $2.4 million, while nonperforming loans slightly decreased to $13.7 million. However, shareholders’ equity declined by $29.5 million due to rising unrealized losses in the securities portfolio.
Community Trust Bancorp, Inc. (NASDAQ: CTBI) announced a 10% increase in its quarterly cash dividend to $0.44 per share, effective from October 1, 2022, for shareholders of record on September 15, 2022. This marks the 42nd consecutive year of dividend increases, highlighting the company’s consistent commitment to returning value to shareholders. Community Trust Bancorp, headquartered in Pikeville, Kentucky, has total assets of $5.4 billion and operates 68 banking locations across Kentucky, West Virginia, and Tennessee.
Community Trust Bancorp, Inc. (NASDAQ:CTBI) reported net income of $20.3 million for Q2 2022, slightly up from $19.7 million in Q1 2022 but down from $23.9 million in Q2 2021. Earnings per share (EPS) were $1.14, compared to $1.11 in the previous quarter and $1.35 a year ago. Total revenue rose $0.3 million from Q1 2022 but fell $0.2 million year-over-year. Net interest income increased by $0.8 million, while noninterest income decreased by $0.5 million quarter-over-quarter and $1.0 million year-over-year. The provision for credit losses was $0.1 million. Shareholders' equity declined by $21.3 million during the quarter.
The Board of Directors of Community Trust Bancorp (NASDAQ: CTBI) announced a cash dividend of $0.40 per share on April 26, 2022. The dividend is set to be paid on July 1, 2022 to shareholders on record as of June 15, 2022. Community Trust Bancorp boasts assets of $5.4 billion and operates 69 banking locations across Kentucky, West Virginia, and Tennessee.
Community Trust Bancorp, Inc. (CTBI) reported a net income of $19.7 million for 1Q 2022, up from $19.2 million in 4Q 2021 but down from $23.6 million in 1Q 2021, resulting in earnings per share of $1.11. The net interest income decreased by 1.9% quarterly to $40.0 million, and provisions for loan losses rose to $0.9 million. Although total loans increased by 3.1% quarter-over-quarter, a decline of 0.7% year-over-year was noted. Additionally, shareholders' equity slipped by 26.0% due to unrealized losses in the securities portfolio. Total assets reached $5.4 billion, reflecting a modest increase.
Community Trust Bancorp, Inc. (NASDAQ: CTBI) has announced a cash dividend of $0.40 per share, declared on January 25, 2022. The dividend will be paid on April 1, 2022, to shareholders on record as of March 15, 2022. The company, headquartered in Pikeville, Kentucky, boasts assets of $5.4 billion and operates 70 banking locations across Kentucky, West Virginia, and Tennessee.
Community Trust Bancorp, Inc. (NASDAQ: CTBI) announces new leadership appointments effective February 7, 2022. M. Lynn Parrish is elected Chairman of the Board, and Mark A. Gooch is named CEO and Vice Chairman. Richard W. Newsom becomes President of Community Trust Bank, Inc., while David Tackett is appointed Executive VP. Wayne Hancock is named Secretary, and John “JR” Caldwell takes the role of Market President. These appointments reflect CTBI's strong succession management and commitment to continued growth and profitability.
Community Trust Bancorp, Inc. (NASDAQ:CTBI) reported 4Q 2021 earnings of $19.2 million, or $1.08 per share, down from $21.1 million, or $1.19 per share in 3Q 2021. Year-to-date earnings reached $87.9 million, a notable increase from $59.5 million in 2020. Net interest income was $40.8 million, a decline of 2.9% from the prior quarter but up 5.7% year-over-year. Total loans decreased 4.1% from 4Q 2020, while nonperforming loans dropped to $16.6 million. The company remains resilient, managing a substantial $4.6 billion in deposits.
On October 26, 2021, Community Trust Bancorp, Inc. (NASDAQ:CTBI) declared a cash dividend of
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