Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 346 North Mayo Trail PIKEVILLE KY 41501 |
Tel: | 1-606-4373229 |
Website: | https://investors.ctbi.com/overview/default.aspx |
IR: | See website |
Key People | ||
Mark A. Gooch Chairman of the Board, President, Chief Executive Officer | Ricky D. Sparkman Executive Vice President | Kevin J. Stumbo Chief Financial Officer, Executive Vice President, Treasurer |
C. Wayne Hancock Executive Vice President, Secretary | Billie J. Dollins Executive Vice President | James B. Draughn Executive Vice President |
Steven E. Jameson Executive Vice President | David Andrew Jones Executive Vice President | Richard W. Newsom Executive Vice President | Mark E. Smith Executive Vice President, Chief Credit Officer |
Business Overview |
Community Trust Bancorp, Inc. (CTBI) is a bank holding company. CTBI owns all the capital stock of one commercial bank and one trust company, serving small and mid-sized communities in eastern, northeastern, central, and south-central Kentucky, southern West Virginia, and northeastern Tennessee. The commercial bank is Community Trust Bank, Inc., Pikeville, Kentucky (CTB) and the trust company is Community Trust and Investment Company, Lexington, Kentucky. CTBI is engaged in a range of commercial and personal banking, and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals, and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes; and providing funds transfer services. The lending activities of CTB include making commercial, construction, mortgage and personal loans. |
Financial Overview |
For the fiscal year ended 31 December 2023, Community Trust Bancorp, Inc. interest income increased 36% to $268.7M. Net interest income after loan loss provision increased 1% to $166.3M. Net income decreased 5% to $78M. Net interest income after loan loss provision reflects community banking services segment increase from $0K to $166.3M. Net income was offset by Interest on deposits increase from $24.1M to $81.2M (expense). |
Employees: | 967 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $957.47M as of Mar 31, 2024 |
Annual revenue (TTM): | $282.66M as of Mar 31, 2024 |
EBITDA (TTM): | $82.73M as of Mar 31, 2024 |
Net annual income (TTM): | $77.37M as of Mar 31, 2024 |
Free cash flow (TTM): | N/A |
Net Debt Last Fiscal Year: | $243.84M as of Mar 31, 2024 |
Shares outstanding: | 18,019,000 as of Mar 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |