Community Trust Bancorp, Inc. (OQ:CTBI)

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
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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

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