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Community Trust Bancorp, Inc. operates as the bank holding company for Community Trust Bank, Inc. that provides various commercial and personal banking, and trust and wealth management services. The company accepts time and demand deposits, checking accounts, regular and term savings accounts and savings certificates, individual retirement accounts and Keogh plans, and money market accounts. Its loan portfolio includes commercial, construction, mortgage, and personal loans; lease-financing, lines of credit, revolving lines of credit, and term loans, as well as other specialized loans, including asset-based financing; residential and commercial real estate loans; consumer loans; hotel/motel loans; and other commercial loans. The company also provides cash management, renting safe deposit boxes, and funds transfer services; issues letters of credit; and acts as a trustee of personal trusts, executor of estates, trustee for employee benefit trusts, and paying agent for bond and stock issues, as well as an investment agent and depositor for securities and undertakes repurchase agreements. In addition, it offers securities brokerage services; debit cards; annuity and life insurance products; and repurchase agreements. The company serves small and mid-sized communities in eastern, northeastern, central, and south-central Kentucky, southern West Virginia, and northeastern Tennessee. Community Trust Bancorp, Inc. was founded in 1903 and is headquartered in Pikeville, Kentucky.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $283M | - | $98M | $97M | 11.5% | 13.7% | 18.4% |
| 2024 | $249M | - | $83M | $97M | 10.9% | 7.7% | 6.2% |
| 2023 | $231M | - | $78M | $80M | 11.1% | 1.7% | -4.7% |
| 2022 | $227M | - | $82M | $93M | 13.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 227.02 | 230.77 | 248.56 | 282.60 |
| Pretax Income | 101.04 | 98.57 | 106.69 | 127.09 |
| Tax Provision | 19.23 | 20.56 | 23.87 | 29.03 |
| Net Income | 81.81 | 78 | 82.81 | 98.06 |
| Net Income Common Stockholders | 81.81 | 78 | 82.81 | 98.06 |
| Interest Expense | 28.64 | 95.54 | 127.45 | 126.74 |
| Interest Income | 197.74 | 268.65 | 313.44 | 345.72 |
| Selling General And Administration | 76.94 | 79.41 | 85.14 | 91.47 |
| Normalized Income | 81.81 | 78 | 82.81 | 98.06 |
| Basic EPS | 4.59 | 4.36 | 4.61 | 0 |
| Diluted EPS | 4.58 | 4.36 | 4.61 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.19 | 0.21 | 0.22 | 0.23 |
| Net Income From Continuing Operation Net Minority Interest | 81.81 | 78 | 82.81 | 98.06 |
| Reconciled Depreciation | 5.22 | 5.35 | 5 | 5.75 |
| Net Interest Income | 169.10 | 173.11 | 186 | 218.98 |
| Net Income From Continuing And Discontinued Operation | 81.81 | 78 | 82.81 | 98.06 |
| Diluted Average Shares | 17.85 | 17.90 | 17.98 | 0 |
| Basic Average Shares | 17.84 | 17.89 | 17.95 | 0 |
| Diluted NI Availto Com Stockholders | 81.81 | 78 | 82.81 | 98.06 |
| Net Income Including Noncontrolling Interests | 81.81 | 78 | 82.81 | 98.06 |
| Net Income Continuous Operations | 81.81 | 78 | 82.81 | 98.06 |
| Securities Amortization | 2.85 | 2.64 | 0 | 0 |
| Gain On Sale Of Security | -0.17 | 1 | 0.63 | 0.38 |
| Selling And Marketing Expense | 3 | 3.21 | 3.13 | 3.17 |
| General And Administrative Expense | 73.94 | 76.19 | 82.01 | 88.30 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 1.45 | 2.48 | 2.59 | 2.83 |
| Salaries And Wages | 72.49 | 73.71 | 79.43 | 85.48 |
| Operating Revenue | 227.02 | 230.77 | 248.56 | 282.60 |
| Occupancy And Equipment | 11.08 | 11.84 | 12.20 | 13.25 |
| Professional Expense And Contract Services Expense | 3.43 | 3.35 | 3.87 | 4.29 |
| Other Non Interest Expense | 29.61 | 30.79 | 29.70 | 34.06 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Community Trust Bancorp, Inc.this co. | CTBI | $1.2B | 11.39 | 1.36 | 11.5% | - |
| Peoples Bancorp Inc. | PEBO | $1.2B | 10.91 | 0.99 | 8.8% | - |
| Goosehead Insurance, Inc. | GSHD | $1.2B | 41.05 | -11.96 | -29.1% | - |
| Amalgamated Financial Corp. | AMAL | $1.2B | 11.84 | 1.49 | 13.1% | - |
| Trupanion, Inc. | TRUP | $1.2B |
| 61.37 |
| 3.11 |
| 5.1% |
| 22.61 |
| Tompkins Financial Corporation | TMP | $1.2B | 7.37 | 1.26 | 17.2% | - |
| Coastal Financial Corporation | CCB | $1.2B | 23.59 | 2.33 | 9.6% | - |
| First Mid Bancshares, Inc. | FMBH | $1.1B | 11.23 | 1.08 | 9.6% | - |
| Atlanticus Holdings Corporation | ATLC | $1.1B | 12.87 | 1.88 | 20.2% | - |
| Peer Median | - | 12.35 | 1.38 | 9.6% | 22.61 | |