Community Trust Bancorp, Inc. (CTBI) 10-Year Financial Performance & Capital Metrics

CTBI • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutCommunity Trust Bancorp, Inc. operates as the bank holding company for Community Trust Bank, Inc. that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, checking accounts, savings accounts and savings certificates, individual retirement accounts and Keogh plans, and money market accounts. Its loan products include 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; and consumer 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. In addition, it offers securities brokerage, and trust and wealth management services; debit cards; annuity and life insurance products; and repurchase agreements, as well as mobile, internet banking, and e-statement services. The company operates 79 banking locations in eastern, northeastern, central, south central Kentucky, southern West Virginia, and northeastern Tennessee; 4 trust offices across Kentucky; and 1 trust office in northeastern Tennessee. Community Trust Bancorp, Inc. was founded in 1903 and is headquartered in Pikeville, Kentucky.Show more

Net Interest Income $186M +7.4%
Total Revenue $376M +15.2%
Net Income $83M +6.2%
Return on Equity 11.35% -3.3%
Net Interest Margin 3%
Efficiency Ratio 34.82% -9.4%
ROA 1.38% -1.1%
Equity / Assets 12.23% +0.5%
Book Value per Share 42.14 +7.4%
Tangible BV/Share 38.09 +8.4%
Debt/Equity 0.42 -3.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 34.8% efficiency ratio
✓10 consecutive years of dividend growth
✓Well capitalized: 12.2% equity/assets
✓Healthy dividend yield of 3.1%
✓Trading near 52-week high
✓Trading at only 1.4x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.12%

5Y9.8%

3Y16.37%

TTM-

Profit (Net Income) CAGR

10Y6.71%

5Y5.11%

3Y-1.98%

TTM18.1%

EPS CAGR

10Y6.35%

5Y4.84%

3Y-2.28%

TTM17.5%

ROCE

10Y Avg11.56%

5Y Avg12.42%

3Y Avg12.85%

Latest12.66%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	132.25M	133.02M	137.4M	142.16M	144.88M	150.99M	163.08M	169.1M	173.11M	186M
NII Growth %	0%	0.01%	0.03%	0.03%	0.02%	0.04%	0.08%	0.04%	0.02%	0.07%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	144.02M	146.58M	155.7M	171.45M	185.4M	176.44M	178.17M	197.74M	268.65M	313.44M
Interest Expense	11.77M	13.55M	18.29M	29.3M	40.51M	25.45M	15.09M	28.64M	95.54M	127.45M
Loan Loss Provision	8.65M	7.87M	7.52M	6.17M	4.82M	16.05M	-6.39M	4.91M	6.81M	10.95M
Non-Interest Income+	46.81M	48.44M	48.51M	51.95M	50.18M	54.56M	60.46M	57.92M	57.66M	62.56M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	190.83M	195.02M	204.2M	223.4M	235.58M	231M	238.63M	255.66M	326.31M	376.01M
Revenue Growth %	0.01%	0.02%	0.05%	0.09%	0.05%	-0.02%	0.03%	0.07%	0.28%	0.15%
Non-Interest Expense	105.44M	107.13M	109.88M	117.4M	118.26M	119.24M	119.28M	121.07M	125.39M	130.92M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	64.96M	66.46M	68.51M	70.54M	71.99M	70.27M	110.64M	101.04M	98.57M	106.69M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.04%	0.02%	0.03%	0.03%	0.02%	-0.02%	0.57%	-0.09%	-0.02%	0.08%
Pretax Income+	64.96M	66.46M	68.51M	70.54M	71.99M	70.27M	110.64M	101.04M	98.57M	106.69M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	18.53M	19.12M	17.02M	11.31M	7.45M	10.76M	22.7M	19.23M	20.56M	23.87M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	46.43M	47.35M	51.49M	59.23M	64.54M	59.5M	87.94M	81.81M	78M	82.81M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.07%	0.02%	0.09%	0.15%	0.09%	-0.08%	0.48%	-0.07%	-0.05%	0.06%
Net Income (Continuing)	46.43M	47.35M	51.49M	59.23M	64.54M	59.5M	87.94M	81.81M	78M	82.81M
EPS (Diluted)+	2.66	2.70	2.92	3.35	3.64	3.35	4.94	4.58	4.36	4.61
EPS Growth %	0.07%	0.02%	0.08%	0.15%	0.09%	-0.08%	0.47%	-0.07%	-0.05%	0.06%
EPS (Basic)	2.66	2.70	2.92	3.35	3.64	3.35	4.94	4.59	4.36	4.61
Diluted Shares Outstanding	17.48M	17.57M	17.65M	17.7M	17.74M	17.76M	17.8M	17.85M	17.9M	17.98M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	190.65M	145.17M	185.07M	144.27M	264.93M	338.48M	312M	128.93M	271.64M	369.75M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	3.44B	3.51B	3.67B	3.77B	3.82B	4.53B	4.83B	4.92B	5.17B	5.49B
Investments Growth %	0.03%	0.02%	0.05%	0.03%	0.01%	0.19%	0.07%	0.02%	0.05%	0.06%
Long-Term Investments	2.84B	2.9B	3.09B	3.18B	3.22B	3.53B	3.37B	3.67B	4B	4.44B
Accounts Receivables	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	65.49M	65.49M	65.49M	65.49M	65.49M	65.49M	65.49M	65.49M	65.49M	65.49M
Intangible Assets	3.53M	3.57M	3.48M	3.61M	3.26M	4.07M	6.77M	8.47M	7.67M	7.36M
PP&E (Net)	48.19M	47.94M	46.32M	45.29M	58.6M	55.22M	52.63M	59.7M	61.01M	64.02M
Other Assets	160.44M	160.06M	161.62M	156.59M	141.84M	130.89M	138.58M	136.44M	143.77M	141.45M
Total Current Assets	785.59M	750.56M	770.84M	752.45M	879.61M	1.35B	1.78B	1.4B	1.46B	1.45B
Total Non-Current Assets	3.12B	3.18B	3.37B	3.45B	3.49B	3.79B	3.64B	3.98B	4.31B	4.74B
Total Assets+	3.9B	3.93B	4.14B	4.2B	4.37B	5.14B	5.42B	5.38B	5.77B	6.19B
Asset Growth %	0.05%	0.01%	0.05%	0.02%	0.04%	0.18%	0.05%	-0.01%	0.07%	0.07%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0.02%	0.02%	0.01%	0.01%
Accounts Payable	0	0	0	2.9M	2.84M	1.24M	1.02M	2.24M	7.39M	8.38M
Total Debt+	417.22M	318.17M	311.31M	293.67M	308.26M	428.57M	342.81M	291.75M	306.71M	320.19M
Net Debt	226.57M	173M	126.24M	149.4M	43.34M	90.09M	30.81M	162.82M	35.07M	-49.56M
Long-Term Debt	162.4M	62.28M	60.19M	59.78M	58.26M	58.24M	58.22M	58.2M	65.08M	64.02M
Short-Term Debt	254.82M	255.88M	251.13M	233.89M	234.82M	356.36M	271.59M	215.93M	225.75M	240.67M
Other Liabilities	21.43M	24.24M	25.92M	31.58M	29.33M	33.69M	31.39M	32.13M	28.76M	36.91M
Total Current Liabilities	3.24B	3.34B	3.51B	3.54B	3.64B	4.37B	4.62B	4.64B	4.96B	5.32B
Total Non-Current Liabilities	192.75M	94.36M	90.54M	94.72M	107.88M	110.59M	103.16M	107.96M	109.73M	116.43M
Total Liabilities	3.43B	3.43B	3.61B	3.64B	3.75B	4.48B	4.72B	4.75B	5.07B	5.44B
Total Equity+	475.58M	500.62M	530.7M	564.15M	614.89M	654.87M	698.2M	628.05M	702.21M	757.58M
Equity Growth %	0.06%	0.05%	0.06%	0.06%	0.09%	0.07%	0.07%	-0.1%	0.12%	0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.1%	0.1%	0.11%	0.11%	0.09%	0.13%	0.12%	0.12%	0.11%
Book Value per Share	27.20	28.50	30.06	31.87	34.66	36.88	39.22	35.18	39.23	42.14
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	87.69M	88.14M	88.47M	88.67M	88.97M	89.05M	89.22M	89.59M	90M	90.29M
Additional Paid-in Capital	217.03M	219.7M	221.47M	223.16M	224.91M	225.51M	227.09M	229.01M	231.13M	233.8M
Retained Earnings	169.85M	195.08M	224.27M	258.94M	296.76M	326.74M	386.75M	438.6M	484.4M	531.86M
Accumulated OCI	1.01M	-2.3M	-3.51M	-6.61M	4.25M	13.57M	-4.85M	-129.15M	-103.32M	-98.37M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	54.98M	61.42M	62.35M	65.49M	83.46M	62.38M	115.69M	99.68M	85.73M	105.17M
Operating CF Growth %	-0.04%	0.12%	0.02%	0.05%	0.27%	-0.25%	0.85%	-0.14%	-0.14%	0.23%
Net Income	46.43M	47.35M	51.49M	59.23M	64.54M	59.5M	87.94M	81.81M	78M	82.81M
Depreciation & Amortization	3.93M	3.9M	4.01M	3.79M	5.51M	5.35M	5.03M	5.22M	5.35M	5M
Deferred Taxes	115K	701K	-3.09M	-246K	-1.41M	-2.91M	2.33M	3.25M	709K	-1.73M
Other Non-Cash Items	12.48M	9.35M	12.09M	8.81M	11.92M	-3.92M	16.84M	7.88M	5.12M	7.98M
Working Capital Changes	-8.76M	-331K	-2.78M	-6.8M	2.03M	3.41M	2.71M	159K	-5.02M	9.76M
Cash from Investing+	-108.35M	-86.11M	-186.59M	-100.59M	-34.49M	-693.53M	-358.62M	-280.01M	-226.6M	-335.67M
Purchase of Investments	-81.46M	-176.24M	-231.68M	-281.51M	-196.73M	-857.17M	-797.45M	-179.63M	-19.48M	-55.37M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-147.91M	-65.92M	-199.77M	-79.27M	-35.19M	-303.07M	134.76M	-299.47M	-346.98M	-439.63M
Cash from Financing+	135.46M	-18.21M	154.79M	1.28M	74.27M	704.7M	216.45M	-2.75M	283.58M	328.61M
Dividends Paid	-21.33M	-22.19M	-22.98M	-24.39M	-26.23M	-27.14M	-27.92M	-29.94M	-32.19M	-33.41M
Share Repurchases	-189K	-382K	0	0	0	-1.1M	0	0	0	0
Stock Issued	2.08M	2.98M	1.51M	1.23M	1.26M	926K	965K	1.04M	1.13M	1.77M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	-409K	-1000K	-35K	-39K	-44K	1000K	-245K
Other Financing	115.02M	101.49M	177.8M	24.85M	100.55M	732.05M	243.44M	26.19M	308.29M	360.49M
Net Change in Cash+	82.09M	-42.9M	30.56M	-33.82M	123.23M	73.55M	-26.48M	-183.07M	142.71M	98.11M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	105.52M	187.61M	144.72M	175.27M	141.45M	264.68M	338.24M	311.76M	128.69M	271.4M
Cash at End	187.61M	144.72M	175.27M	141.45M	264.68M	338.24M	311.76M	128.69M	271.4M	369.5M
Interest Paid	11.61M	13.43M	17.27M	28.62M	40.58M	27.05M	15.32M	27.42M	90.39M	126.46M
Income Taxes Paid	20.53M	19.24M	21.4M	9.7M	9.99M	13.28M	19.48M	16.29M	20.73M	20.61M
Free Cash Flow+	52.73M	57.93M	59.95M	62.66M	80.89M	60.9M	113.32M	93.47M	79.41M	97.09M
FCF Growth %	-0.05%	0.1%	0.03%	0.05%	0.29%	-0.25%	0.86%	-0.18%	-0.15%	0.22%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.06%	9.7%	9.99%	10.82%	10.95%	9.37%	13%	12.34%	11.73%	11.35%
Return on Assets (ROA)	1.22%	1.21%	1.28%	1.42%	1.51%	1.25%	1.67%	1.52%	1.4%	1.38%
Net Interest Margin	3.39%	3.38%	3.32%	3.38%	3.32%	2.94%	3.01%	3.14%	3%	3%
Efficiency Ratio	55.26%	54.93%	53.81%	52.55%	50.2%	51.62%	49.99%	47.36%	38.43%	34.82%
Equity / Assets	12.18%	12.73%	12.83%	13.43%	14.08%	12.74%	12.89%	11.67%	12.17%	12.23%
Book Value / Share	27.2	28.5	30.06	31.87	34.66	36.88	39.22	35.18	39.23	42.14
NII Growth	0.13%	0.59%	3.29%	3.46%	1.92%	4.21%	8.01%	3.69%	2.37%	7.44%
Dividend Payout	45.94%	46.87%	44.63%	41.19%	40.65%	45.61%	31.74%	36.59%	41.26%	40.34%

Frequently Asked Questions

Valuation & Price

Community Trust Bancorp, Inc. (CTBI) has a price-to-earnings (P/E) ratio of 13.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Community Trust Bancorp, Inc. (CTBI) grew revenue by 15.2% over the past year. This is strong growth.

Yes, Community Trust Bancorp, Inc. (CTBI) is profitable, generating $93.3M in net income for fiscal year 2024 (22.0% net margin).

Dividend & Returns

Yes, Community Trust Bancorp, Inc. (CTBI) pays a dividend with a yield of 3.10%. This makes it attractive for income-focused investors.

Community Trust Bancorp, Inc. (CTBI) has a return on equity (ROE) of 11.3%. This is reasonable for most industries.

Industry Metrics

Community Trust Bancorp, Inc. (CTBI) has a net interest margin (NIM) of 3.0%. This indicates healthy earnings from lending activities.

Community Trust Bancorp, Inc. (CTBI) has an efficiency ratio of 34.8%. This is excellent, indicating strong cost control.

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