Headquartered in Pikeville, KY Fiscal year ends December NASDAQ: CTBI ctbi.com
Community Trust Bancorp, Inc. (NASDAQ: CTBI) is a regional bank holding company with approximately $7.1 billion in assets. Through its banking subsidiary, the company operates 69 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, and three banking locations in northeastern Tennessee. The company also operates four trust offices in Kentucky and one in Tennessee. CTBI provides a full range of commercial and personal banking services including commercial, residential, and consumer lending, deposit products, trust and wealth management services, brokerage services, and bank-owned life insurance. The loan portfolio of approximately $5.3 billion is diversified across commercial real estate, residential mortgages, consumer indirect lending, and other commercial and consumer categories. The company generates noninterest income through deposit-related fees, trust and wealth management, loan-related fees, brokerage revenue, and securities activities. Updated
One borrower broke the quarter: a $4.3 million charge-off after auctioned collateral came up short pushed credit provisions sharply higher, and earnings missed expectations as a result. Loans still grew and the efficiency ratio improved, so the question is whether this is isolated or the first crack.
Community Trust Bancorp, Inc. (NASDAQ: CTBI) is a regional bank holding company with approximately $7.1 billion in assets.
The Wall Street consensus 12-month price target for CTBI is $76.67.