Stock Data
$0.09 (0.11%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
Community Trust Bancorp, Inc., based in Pikeville, Kentucky since 1903, serves small to mid-sized communities primarily in Kentucky, West Virginia, and Tennessee. This institution provides a broad spectrum of financial services, including personal and commercial banking, trust and wealth management. Customers can access a variety of accounts, from checking and savings to retirement plans. It also offers a wide range of loans, including commercial, mortgage, and personal loans, alongside online banking and investment services. Additionally, it caters to businesses with cash management and brokerage services.
The Kentucky community bank beat earnings by 7.7% with net interest margin expanding 16 basis points year-over-year, though credit quality headwinds emerged as nonperforming loans spiked and reserve coverage declined sharply from prior quarter.
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