EX-99.1 3 ctbi0925earnings8kex99.htm 3RD QUARTER 2025 EARNINGS RELEASE 8-K EXHIBIT 99.1
Exhibit 99.1




FOR IMMEDIATE RELEASE
October 15, 2025

FOR ADDITIONAL INFORMATION, PLEASE CONTACT MARK A. GOOCH, CHAIRMAN, PRESIDENT, AND CEO, COMMUNITY TRUST BANCORP, INC. AT (606) 437-3229

Pikeville, Kentucky:

COMMUNITY TRUST BANCORP, INC. REPORTS EARNINGS FOR THE 3RD QUARTER 2025

Earnings Summary

(in thousands except per share data)
  
3Q
2025
    
2Q
2025
    
3Q
2024
    
YTD
2025
    
YTD
2024
  
Net income
  
$
23,911
    
$
24,899
    
$
22,142
    
$
70,782
    
$
60,320
  
Earnings per share
  
$
1.33
    
$
1.38
    
$
1.23
    
$
3.93
    
$
3.36
  
Earnings per share - diluted
  
$
1.32
    
$
1.38
    
$
1.23
    
$
3.92
    
$
3.36
  
                                         
Return on average assets
    
1.46
%
    
1.58
%
    
1.50
%
    
1.50
%
    
1.38
%
Return on average equity
    
11.53
%
    
12.51
%
    
11.77
%
    
11.84
%
    
11.15
%
Efficiency ratio
    
50.86
%
    
50.70
%
    
51.75
%
    
51.12
%
    
52.91
%
Tangible common equity
    
11.65
%
    
11.72
%
    
11.79
%
                
                                         
Dividends declared per share
  
$
0.53
    
$
0.47
    
$
0.47
    
$
1.47
    
$
1.39
  
Book value per share
  
$
45.91
    
$
44.57
    
$
42.14
                  
                                         
Weighted average shares
    
18,019
      
18,012
      
17,962
      
18,009
      
17,942
  
Weighted average shares - diluted
    
18,053
      
18,036
      
17,991
      
18,037
      
17,965
  

Community Trust Bancorp, Inc. (NASDAQ-CTBI) achieved earnings for the third quarter 2025 of $23.9 million, or $1.33 per basic share, compared to $24.9 million, or $1.38 per basic share, earned during the second quarter 2025 and $22.1 million, or $1.23 per basic share, earned during the third quarter 2024.  Total revenue for the quarter was $1.3 million above prior quarter and $8.7 million above prior year same quarter.  Net interest revenue for the quarter increased $1.5 million compared to prior quarter and $8.4 million compared to prior year same quarter, and noninterest income decreased $0.2 million compared to prior quarter but increased $0.4 million compared to prior year same quarter.  Our provision for credit losses for the quarter increased $1.8 million from prior quarter and $1.1 million from prior year same quarter.  Noninterest expense increased $1.1 million compared to prior quarter and $4.2 million compared to prior year same quarter.  Earnings for the nine months ended September 30, 2025 were $10.5 million, or $0.57 per basic share, above prior year.

3rd Quarter 2025 Highlights

❖
Net interest income for the quarter of $55.6 million was $1.5 million, or 2.8%, above prior quarter and $8.4 million, or 17.7%, above prior year same quarter, as our net interest margin decreased 4 basis points from prior quarter but increased 21 basis points from prior year same quarter.

❖
Provision for credit losses at $3.9 million for the quarter increased $1.8 million from prior quarter and $1.1 million from prior year same quarter.

❖
Noninterest income for the quarter ended September 30, 2025 of $15.9 million was $0.2 million, or 1.4%, below prior quarter but $0.4 million, or 2.5%, above prior year same quarter.

❖
Noninterest expense for the quarter ended September 30, 2025 of $36.7 million was $1.1 million, or 3.0%, above prior quarter and $4.2 million, or 13.0%, above prior year same quarter.

❖
Our loan portfolio at $4.8 billion increased $92.1 million, an annualized 7.8%, from June 30, 2025 and $443.4 million, or 10.2%, from September 30, 2024.

❖
We had net loan charge-offs of $2.7 million, an annualized 0.23% of average loans, for the third quarter 2025 compared to $1.4 million, an annualized 0.12% of average loans, for the second quarter 2025 and $1.5 million, an annualized 0.14% of average loans, for the third quarter 2024.

❖
Our total nonperforming loans at $24.7 million at September 30, 2025 increased $0.3 million from June 30, 2025 but decreased $0.4 million from September 30, 2024.  Nonperforming assets at $29.5 million increased $0.3 million from June 30, 2025 and $3.1 million from September 30, 2024.

❖
Deposits, including repurchase agreements, at $5.7 billion increased $212.2 million, an annualized 15.4%, from June 30, 2025 and $598.7 million, or 11.8%, from September 30, 2024.

❖
Shareholders’ equity at $831.4 million increased $24.5 million, an annualized 12.0%, during the quarter and $70.6 million, or 9.3%, from September 30, 2024.

Net Interest Income

                     
Percent Change
(%)
                    
                     
3Q 2025
Compared to:
                    
($ in thousands)
  
3Q
2025
    
2Q
2025
    
3Q
2024
    
2Q
2025
    
3Q
2024
    
YTD
2025
    
YTD
2024
    
Percent Change (%)
  
Components of net interest income:
                                                
Income on earning assets
  
$
88,562
    
$
85,571
    
$
79,814
      
3.5
      
11.0
    
$
256,187
    
$
231,464
      
10.7
  
Expense on interest bearing liabilities
    
33,008
      
31,531
      
32,615
      
4.7
      
1.2
      
95,326
      
94,996
      
0.3
  
Net interest income
    
55,554
      
54,040
      
47,199
      
2.8
      
17.7
      
160,861
      
136,468
      
17.9
  
TEQ
    
301
      
283
      
280
      
6.4
      
7.5
      
857
      
866
      
(1.1
)
Net interest income, tax equivalent
  
$
55,855
    
$
54,323
    
$
47,479
      
2.8
      
17.6
    
$
161,718
    
$
137,334
      
17.8
  
                                                                 
Average yield and rates paid:
                                                                
Earning assets yield
    
5.73
%
    
5.76
%
    
5.72
%
    
(0.5
)
    
0.2
      
5.73
%
    
5.64
%
    
1.6
  
Rate paid on interest bearing liabilities
    
3.01
%
    
3.00
%
    
3.36
%
    
0.3
      
(10.4
)
    
3.01
%
    
3.34
%
    
(9.9
)
Gross interest margin
    
2.72
%
    
2.76
%
    
2.36
%
    
(1.4
)
    
15.3
      
2.72
%
    
2.31
%
    
17.7
  
Net interest margin
    
3.60
%
    
3.64
%
    
3.39
%
    
(1.1
)
    
6.2
      
3.61
%
    
3.34
%
    
8.1
  
                                                                 
Average balances:
                                                                
Investment securities
  
$
1,006,259
    
$
1,002,412
    
$
1,091,258
      
0.4
      
(7.8
)
  
$
1,018,062
    
$
1,111,411
      
(8.4
)
Loans
  
$
4,736,104
    
$
4,668,001
    
$
4,300,652
      
1.5
      
10.1
    
$
4,646,475
    
$
4,196,884
      
10.7
  
Earning assets
  
$
6,151,134
    
$
5,983,093
    
$
5,570,160
      
2.8
      
10.4
    
$
5,995,216
    
$
5,499,608
      
9.0
  
Interest-bearing liabilities
  
$
4,353,313
    
$
4,215,573
    
$
3,859,978
      
3.3
      
12.8
    
$
4,236,566
    
$
3,803,491
      
11.4
  

 Net interest income for the quarter of $55.6 million was $1.5 million, or 2.8%, above prior quarter and $8.4 million, or 17.7%, above prior year same quarter.  Our net interest margin, on a fully tax equivalent basis, at 3.60% decreased 4 basis points from prior quarter but increased 21 basis points from prior year same quarter.  Our quarterly average earning assets increased $168.0 million, an annualized 11.1%, from prior quarter and $581.0 million, or 10.4%, from prior year same quarter.  Our yield on average earning assets decreased 3 basis points from prior quarter but increased 1 basis point from prior year same quarter, while our cost of funds increased 1 basis point from prior quarter but decreased 35 basis points from prior year same quarter.  Net interest income for the nine months ended September 30, 2025 at $160.9 million was $24.4 million or 17.9% above prior year.

Our ratio of average loans to deposits, including repurchase agreements, was 85.6% for the quarter ended September 30, 2025 compared to 86.6% for the quarter ended June 30, 2025 and 85.8% for the quarter ended September 30, 2024.

Noninterest Income

                     
Percent Change
(%)
                    
                     
3Q 2025
Compared to:
                    
($ in thousands)
  
3Q
2025
    
2Q
2025
    
3Q
2024
    
2Q
2025
    
3Q
2024
    
YTD
2025
    
YTD
2024
    
Percent Change (%)
  
Deposit related fees
  
$
8,131
    
$
7,350
    
$
7,886
      
10.6
      
3.1
    
$
22,303
    
$
22,205
      
0.4
  
Trust revenue
    
4,277
      
4,092
      
3,707
      
4.5
      
15.4
      
12,350
      
10,960
      
12.7
  
Gains on sales of loans
    
89
      
77
      
80
      
15.6
      
11.3
      
213
      
244
      
(12.7
)
Loan related fees
    
897
      
1,249
      
813
      
(28.1
)
    
10.4
      
3,111
      
3,485
      
(10.7
)
Bank owned life insurance revenue
    
1,144
      
1,102
      
1,214
      
3.8
      
(5.8
)
    
3,281
      
4,321
      
(24.1
)
Brokerage revenue
    
588
      
526
      
563
      
11.8
      
4.5
      
1,608
      
1,736
      
(7.4
)
Other
    
820
      
1,775
      
1,300
      
(53.8
)
    
(36.9
)
    
4,148
      
3,454
      
20.1
  
Total noninterest income
  
$
15,946
    
$
16,171
    
$
15,563
      
(1.4
)
    
2.5
    
$
47,014
    
$
46,405
      
1.3
  

Noninterest income for the quarter ended September 30, 2025 of $15.9 million was $0.2 million, or 1.4% below prior quarter but $0.4 million, or 2.5% above prior year same quarter.  The variance quarter over quarter was primarily the result of decreases in net securities gains ($0.6 million) and loan related fees ($0.4 million), partially offset by increased deposit related fees ($0.8 million).  The decrease in securities gains was the result of a change in the valuation of our equity securities.  The decrease in loan related fees was the result of the change in valuation of our mortgage servicing rights.  Year over year increases in trust revenue ($0.6 million) and deposit related fees ($0.2 million) were partially offset by a decrease in securities gains ($0.7 million).  Noninterest income for the nine months ended September 30, 2025 of $47.0 million was a $0.6 million, or 1.3%, increase from prior year.

Noninterest Expense

                     
Percent Change
(%)
                    
                     
3Q 2025
Compared to:
                    
($ in thousands)
  
3Q
2025
    
2Q
2025
    
3Q
2024
    
2Q
2025
    
3Q
2024
    
YTD
2025
    
YTD
2024
    
Percent Change (%)
  
Salaries
  
$
13,913
    
$
13,667
    
$
13,374
      
1.8
      
4.0
    
$
40,849
    
$
39,447
      
3.6
  
Employee benefits
    
7,861
      
7,987
      
6,147
      
(1.6
)
    
27.9
      
22,697
      
19,787
      
14.7
  
Net occupancy and equipment
    
3,261
      
3,172
      
3,072
      
2.8
      
6.2
      
9,873
      
9,189
      
7.4
  
Data processing
    
3,575
      
3,326
      
2,804
      
7.5
      
27.5
      
9,760
      
7,991
      
22.1
  
Legal and professional fees
    
1,045
      
1,001
      
1,024
      
4.5
      
2.1
      
3,271
      
2,834
      
15.4
  
Advertising and marketing
    
953
      
765
      
876
      
24.5
      
8.7
      
2,391
      
2,309
      
3.5
  
Taxes other than property and payroll
    
564
      
573
      
438
      
(1.6
)
    
28.7
      
1,666
      
1,318
      
26.4
  
Other
    
5,572
      
5,172
      
4,777
      
7.7
      
16.6
      
16,108
      
14,279
      
12.8
  
Total noninterest expense
  
$
36,744
    
$
35,663
    
$
32,512
      
3.0
      
13.0
    
$
106,615
    
$
97,154
      
9.7
  

Noninterest expense for the quarter ended September 30, 2025 of $36.7 million was $1.1 million, or 3.0%, above prior quarter and $4.2 million, or 13.0%, above prior year same quarter.  The quarter over quarter increase primarily resulted from increases in repossession expense ($0.4 million), data processing expense ($0.2 million), and marketing and promotional ($0.2 million).  A $1.3 million increase in group medical and life insurance expense was partially offset by a $1.2 million decrease in the accrual for the annual incentive payment to employees, based on projected net income for the year.  The year over year increase included increases in personnel expense ($2.3 million, data processing expense ($0.8 million), repossession expense ($0.4 million), and marketing and promotional ($0.2 million).  The increase in personnel expense included a $1.2 million increase in group medical and life insurance expense, a $0.5 million increase in salaries, a $0.2 million increase in bonuses and incentives, and a $0.4 million increase in other employee benefits.  Noninterest expense for the nine months ended September 30, 2025 of $106.6 million increased $9.5 million, or 9.7%, from prior year.

Balance Sheet Review

Total Loans

                     
Percent Change (%)
  
                     
3Q 2025 Compared to:
  
($ in thousands)
  
3Q
2025
    
2Q
2025
    
3Q
2024
    
2Q
2025
    
3Q
2024
  
Commercial nonresidential real estate
  
$
921,682
    
$
913,463
    
$
834,985
      
0.9
      
10.4
  
Commercial residential real estate
    
573,270
      
559,906
      
485,004
      
2.4
      
18.2
  
Hotel/motel
    
483,833
      
477,175
      
453,465
      
1.4
      
6.7
  
Other commercial
    
446,125
      
432,021
      
440,636
      
3.3
      
1.2
  
Total commercial
    
2,424,910
      
2,382,565
      
2,214,090
      
1.8
      
9.5
  
                                         
Residential mortgage
    
1,157,540
      
1,112,672
      
1,003,123
      
4.0
      
15.4
  
Home equity loans/lines
    
184,191
      
177,135
      
163,013
      
4.0
      
13.0
  
Total residential
    
1,341,731
      
1,289,807
      
1,166,136
      
4.0
      
15.1
  
                                         
Consumer indirect
    
877,555
      
878,506
      
816,187
      
(0.1
)
    
7.5
  
Consumer direct
    
149,719
      
150,915
      
154,061
      
(0.8
)
    
(2.8
)
Total consumer
    
1,027,274
      
1,029,421
      
970,248
      
(0.2
)
    
5.9
  
                                         
Total loans
  
$
4,793,915
    
$
4,701,793
    
$
4,350,474
      
2.0
      
10.2
  

Total Deposits and Repurchase Agreements

                     
Percent Change (%)
  
                     
3Q 2025 Compared to:
  
($ in thousands)
  
3Q
2025
    
2Q
2025
    
3Q
2024
    
2Q
2025
    
3Q
2024
  
Noninterest bearing deposits
  
$
1,248,573
    
$
1,258,205
    
$
1,204,515
      
(0.8
)
    
3.7
  
Interest bearing deposits
                                        
Interest checking
    
194,327
      
173,795
      
156,249
      
11.8
      
24.4
  
Money market savings
    
1,815,111
      
1,820,230
      
1,658,758
      
(0.3
)
    
9.4
  
Savings accounts
    
501,189
      
508,467
      
501,933
      
(1.4
)
    
(0.1
)
Time deposits
    
1,626,261
      
1,472,311
      
1,316,807
      
10.5
      
23.5
  
Repurchase agreements
    
284,863
      
225,075
      
233,324
      
26.6
      
22.1
  
Total interest bearing deposits and repurchase agreements
    
4,421,751
      
4,199,878
      
3,867,071
      
5.3
      
14.3
  
Total deposits and repurchase agreements
  
$
5,670,324
    
$
5,458,083
    
$
5,071,586
      
3.9
      
11.8
  

CTBI’s total assets at $6.6 billion as of September 30, 2025 increased $247.2 million, or 15.3% annualized, from June 30, 2025 and $675.2 million, or 11.3%, from September 30, 2024.  Loans outstanding at $4.8 billion increased $92.1 million, an annualized 7.8%, from June 30, 2025 and $443.4 million, or 10.2%, from September 30, 2024.  The increase in loans from prior quarter included a $42.3 million increase in the commercial loan portfolio, a $51.9 million increase in the residential loan portfolio, partially offset by a $0.9 million decrease in the consumer indirect loan portfolio and a $1.2 million decrease in the consumer direct loan portfolio.  CTBI’s investment portfolio increased $42.5 million, an annualized 16.9%, from June 30, 2025 but decreased $59.4 million, or 5.4%, from September 30, 2024.  Deposits in other banks increased $117.7 million from prior quarter and $281.4 million from September 30, 2024, as a result of deposit growth outpacing loan growth.  Deposits, including repurchase agreements, at $5.7 billion increased $212.2 million, an annualized 15.4%, from June 30, 2025 and $598.7 million, or 11.8%, from September 30, 2024.  CTBI is not dependent on any one customer or group of customers for their source of deposits.  As of September 30, 2025, two customers accounted for 3% each of our $5.4 billion in deposits.  Only two customer relationships accounted for more than 1% each.

Shareholders’ equity at $831.4 million increased $24.5 million, an annualized 12.0%, during the quarter and $70.6 million, or 9.3%, from September 30, 2024.  Net unrealized losses on securities, net of deferred taxes, were $71.1 million at September 30, 2025, compared to $80.6 million at June 30, 2025 and September 30, 2024.  CTBI’s annualized dividend yield to shareholders as of September 30, 2025 was 3.79%.

Asset Quality

Our total nonperforming loans of $24.7 million at September 30, 2025 increased $0.3 million from June 30, 2025 but decreased $0.4 million from September 30, 2024.  Accruing loans 90+ days past due at $9.0 million increased $0.6 million from prior quarter but decreased $10.1 million from September 30, 2024.  Nonaccrual loans at $15.6 million decreased $0.3 million from prior quarter but increased $9.7 million from September 30, 2024.  Accruing loans 30-89 days past due at $18.5 million decreased $1.6 million from prior quarter and $2.1 million from September 30, 2024.  Our loan portfolio management processes focus on the immediate identification, management, and resolution of problem loans to maximize recovery and minimize loss.

We had net loan charge-offs of $2.7 million, an annualized 0.23% of average loans, for the third quarter 2025 compared to $1.4 million, an annualized 0.12% of average loans, for the second quarter 2025 and $1.5 million, an annualized 0.14% of average loans, for the third quarter 2024.  Of the net charge-offs for the quarter, $1.2 million were in commercial loans, $0.1 million were in residential loans, $1.2 million were in consumer indirect loans, and $0.2 million were in consumer direct loans.  The primary increase in net charge-offs consisted of a $1 million charge-off on one commercial credit totaling $8 million.  Net-charge offs for the nine months ended September 30, 2025 were $5.7 million, an annualized 0.16% of average loans, compared to $4.5 million, an annualized 0.14% of average loans, for the nine months ended September 30, 2024.

Allowance for Credit Losses

Our provision for credit losses at $3.9 million for the quarter increased $1.8 million from prior quarter and $1.1 million from prior year same quarter.  Of the provision for the quarter, $3.8 million was allotted to fund changes in loan volume and composition, $0.3 million was allotted based on quantitative and qualitative factors, and $0.2 million was credited against the provision for unfunded commitments.  Provision for credit losses for the nine months ended September 30, 2025 of $9.5 million was a $1.2 million increase over the nine months ended September 30, 2024.  Our reserve coverage (allowance for credit losses to nonperforming loans) at September 30, 2025 was 239.5% compared to 237.1% at June 30, 2025 and 212.7% at September 30, 2024.  Our loan loss reserve as a percentage of total loans outstanding at September 30, 2025 remained at 1.23% from June 30, 2025 and September 30, 2024.

Forward-Looking Statements

Certain of the statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act.  CTBI’s actual results may differ materially from those included in the forward-looking statements. Forward-looking statements are typically identified by words or phrases such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “may increase,” “may fluctuate,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” and “could.”  These forward-looking statements involve risks and uncertainties including, but not limited to, economic conditions, portfolio growth, the credit performance of the portfolios, including bankruptcies, and seasonal factors; changes in general economic conditions including the performance of financial markets, prevailing inflation and interest rates, realized gains from sales of investments, gains from asset sales, and losses on commercial lending activities; the effects of epidemics, pandemics, or other infectious disease outbreaks; results of various investment activities; the effects of competitors’ pricing policies, changes in laws and regulations, competition, and demographic changes on target market populations’ savings and financial planning needs; industry changes in information technology systems on which we are highly dependent; failure of acquisitions to produce revenue enhancements or cost savings at levels or within the time frames originally anticipated or unforeseen integration difficulties; the resolution of legal  proceedings and related matters.  In addition, the banking industry in general is subject to various monetary, operational, and fiscal policies and regulations, which include, but are not limited to, those determined by the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, and state regulators, whose policies, regulations, and enforcement actions could affect CTBI’s results.  These statements are representative only on the date hereof, and CTBI undertakes no obligation to update any forward-looking statements made.

Community Trust Bancorp, Inc., with assets of $6.6 billion, is headquartered in Pikeville, Kentucky and has 72 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.

Additional information follows.

Community Trust Bancorp, Inc.
  
Financial Summary (Unaudited)
  
 September 30, 2025  
(in thousands except per share data and # of employees)
  
                               
   
Three
    
Three
    
Three
    
Nine
    
Nine
  
   
Months
    
Months
    
Months
    
Months
    
Months
  
   
Ended
    
Ended
    
Ended
    
Ended
    
Ended
  
   
September 30, 2025
    
June 30, 2025
    
September 30, 2024
    
September 30, 2025
    
September 30, 2024
  
Interest income
  
$
88,562
    
$
85,571
    
$
79,814
    
$
256,187
    
$
231,464
  
Interest expense
    
33,008
      
31,531
      
32,615
      
95,326
      
94,996
  
Net interest income
    
55,554
      
54,040
      
47,199
      
160,861
      
136,468
  
Provision for credit losses
    
3,866
      
2,094
      
2,736
      
9,528
      
8,364
  
                                         
Gains on sales of loans
    
89
      
77
      
80
      
213
      
244
  
Deposit related fees
    
8,131
      
7,350
      
7,886
      
22,303
      
22,205
  
Trust revenue
    
4,277
      
4,092
      
3,707
      
12,350
      
10,960
  
Loan related fees
    
897
      
1,249
      
813
      
3,111
      
3,485
  
Securities gains (losses)
    
(449
)
    
150
      
213
      
181
      
110
  
Other noninterest income
    
3,001
      
3,253
      
2,864
      
8,856
      
9,401
  
Total noninterest income
    
15,946
      
16,171
      
15,563
      
47,014
      
46,405
  
                                         
Personnel expense
    
21,774
      
21,654
      
19,521
      
63,546
      
59,234
  
Occupancy and equipment
    
3,261
      
3,172
      
3,072
      
9,873
      
9,189
  
Data processing expense
    
3,575
      
3,326
      
2,804
      
9,760
      
7,991
  
FDIC insurance premiums
    
703
      
688
      
629
      
2,080
      
1,916
  
Other noninterest expense
    
7,431
      
6,823
      
6,486
      
21,356
      
18,824
  
Total noninterest expense
    
36,744
      
35,663
      
32,512
      
106,615
      
97,154
  
                                         
Net income before taxes
    
30,890
      
32,454
      
27,514
      
91,732
      
77,355
  
Income taxes
    
6,979
      
7,555
      
5,372
      
20,950
      
17,035
  
Net income
  
$
23,911
    
$
24,899
    
$
22,142
    
$
70,782
    
$
60,320
  
                                         
Memo: TEQ interest income
  
$
88,863
    
$
85,854
    
$
80,094
    
$
257,044
    
$
232,330
  
                                         
Average shares outstanding
    
18,019
      
18,012
      
17,962
      
18,009
      
17,942
  
Diluted average shares outstanding
    
18,053
      
18,036
      
17,991
      
18,037
      
17,965
  
Basic earnings per share
  
$
1.33
    
$
1.38
    
$
1.23
    
$
3.93
    
$
3.36
  
Diluted earnings per share
  
$
1.32
    
$
1.38
    
$
1.23
    
$
3.92
    
$
3.36
  
Dividends per share
  
$
0.53
    
$
0.47
    
$
0.47
    
$
1.47
    
$
1.39
  
                                         
Average balances:
                                        
Loans
  
$
4,736,104
    
$
4,668,001
    
$
4,300,652
    
$
4,646,475
    
$
4,196,884
  
Earning assets
    
6,151,134
      
5,983,093
      
5,570,160
      
5,995,216
      
5,499,608
  
Total assets
    
6,487,817
      
6,313,922
      
5,891,157
      
6,327,184
      
5,824,780
  
Deposits, including repurchase agreements
    
5,531,461
      
5,387,923
      
5,014,506
      
5,399,692
      
4,977,040
  
Interest bearing liabilities
    
4,353,313
      
4,215,573
      
3,859,978
      
4,236,566
      
3,803,491
  
Shareholders' equity
    
823,016
      
798,536
      
748,098
      
798,996
      
722,683
  
                                         
Performance ratios:
                                        
Return on average assets
    
1.46
%
    
1.58
%
    
1.50
%
    
1.50
%
    
1.38
%
Return on average equity
    
11.53
%
    
12.51
%
    
11.77
%
    
11.84
%
    
11.15
%
Yield on average earning assets (tax equivalent)
    
5.73
%
    
5.76
%
    
5.72
%
    
5.73
%
    
5.64
%
Cost of interest bearing funds (tax equivalent)
    
3.01
%
    
3.00
%
    
3.36
%
    
3.01
%
    
3.34
%
Net interest margin (tax equivalent)
    
3.60
%
    
3.64
%
    
3.39
%
    
3.61
%
    
3.34
%
Efficiency ratio (tax equivalent)
    
50.86
%
    
50.70
%
    
51.75
%
    
51.12
%
    
52.91
%
                                         
Loan charge-offs
  
$
4,024
    
$
2,528
    
$
2,736
    
$
9,274
    
$
8,239
  
Recoveries
    
(1,276
)
    
(1,175
)
    
(1,212
)
    
(3,598
)
    
(3,692
)
Net charge-offs
  
$
2,748
    
$
1,353
    
$
1,524
    
$
5,676
    
$
4,547
  
                                         
Market Price:
                                        
High
  
$
59.67
    
$
53.82
    
$
52.22
    
$
59.67
    
$
52.22
  
Low
  
$
52.60
    
$
44.60
    
$
41.50
    
$
44.60
    
$
38.44
  
Close
  
$
55.95
    
$
52.92
    
$
49.66
    
$
55.95
    
$
49.66
  

Community Trust Bancorp, Inc.
  
Financial Summary (Unaudited)
  
 September 30, 2025  
(in thousands except per share data and # of employees)
  
   
   
As of
    
As of
    
As of
  
   
September 30, 2025
    
June 30, 2025
    
September 30, 2024
  
Assets:
                  
Loans
  
$
4,793,915
    
$
4,701,793
    
$
4,350,474
  
Allowance for credit losses
    
(59,135
)
    
(57,825
)
    
(53,360
)
Net loans
    
4,734,780
      
4,643,968
      
4,297,114
  
Loans held for sale
    
483
      
345
      
115
  
Securities AFS
    
1,037,965
      
994,990
      
1,098,076
  
Equity securities at fair value
    
3,961
      
4,410
      
3,266
  
Other equity investments
    
9,948
      
14,440
      
10,060
  
Other earning assets
    
438,501
      
320,830
      
157,092
  
Cash and due from banks
    
71,218
      
76,556
      
85,944
  
Premises and equipment
    
52,245
      
52,118
      
47,519
  
Right of use asset
    
15,974
      
15,210
      
14,718
  
Goodwill and core deposit intangible
    
65,490
      
65,490
      
65,490
  
Other assets
    
207,564
      
202,581
      
183,574
  
Total Assets
  
$
6,638,129
    
$
6,390,938
    
$
5,962,968
  
                         
Liabilities and Equity:
                        
Interest bearing checking
  
$
194,327
    
$
173,795
    
$
156,249
  
Savings deposits
    
2,316,300
      
2,328,697
      
2,160,691
  
CD's >=$100,000
    
992,728
      
875,835
      
753,253
  
Other time deposits
    
633,533
      
596,476
      
563,554
  
Total interest bearing deposits
    
4,136,888
      
3,974,803
      
3,633,747
  
Noninterest bearing deposits
    
1,248,573
      
1,258,205
      
1,204,515
  
Total deposits
    
5,385,461
      
5,233,008
      
4,838,262
  
Repurchase agreements
    
284,863
      
225,075
      
233,324
  
Other interest bearing liabilities
    
64,641
      
64,705
      
64,893
  
Lease liability
    
16,909
      
16,087
      
15,530
  
Other noninterest bearing liabilities
    
54,882
      
45,194
      
50,197
  
Total liabilities
    
5,806,756
      
5,584,069
      
5,202,206
  
Shareholders' equity
    
831,373
      
806,869
      
760,762
  
Total Liabilities and Equity
  
$
6,638,129
    
$
6,390,938
    
$
5,962,968
  
                         
Ending shares outstanding
    
18,110
      
18,105
      
18,052
  
                         
30 - 89 days past due loans
  
$
18,500
    
$
20,055
    
$
20,578
  
90 days past due loans
    
9,040
      
8,449
      
19,111
  
Nonaccrual loans
    
15,647
      
15,937
      
5,980
  
Foreclosed properties
    
4,856
      
4,857
      
1,344
  
                         
Community bank leverage ratio
    
13.68
%
    
13.80
%
    
13.99
%
Tangible equity to tangible assets ratio
    
11.65
%
    
11.72
%
    
11.79
%
FTE employees
    
929
      
937
      
943