Form 8-K
8-K — COMMUNITY TRUST BANCORP INC /KY/
Accession: 0000350852-26-000039
Filed: 2026-04-15
Period: 2026-03-31
CIK: 0000350852
SIC: 6022 (STATE COMMERCIAL BANKS)
Item: Results of Operations and Financial Condition
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — ctbi0326er8k.htm (Primary)
EX-99.1 — CTBI 1ST QUARTER 2026 EARNINGS RELEASE 8-K EXHIBIT 99.1 (ctbi0326er8kex99.htm)
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8-K — CTBI 1ST QUARTER 2026 EARNINGS RELEASE 8-K
8-K (Primary)
Filename: ctbi0326er8k.htm · Sequence: 1
false000035085200003508522026-03-312026-03-31
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
March 31, 2026
Commission file number 001-31220
Community Trust Bancorp, Inc.
(Exact name of registrant as specified in its charter)
Kentucky
61-0979818
(State or other jurisdiction of incorporation or organization)
(IRS Employer Identification No.)
P.O. Box 2947
346 North Mayo Trail
Pikeville,
Kentucky
41502
(Address of principal executive offices)
(Zip code)
(606)
432-1414
(Registrant’s telephone number)
Securities registered pursuant to Section 12(b) of the Act:
Common Stock
(Title of class)
CTBI
The NASDAQ Global Select Market
(Trading symbol)
(Name of exchange on which registered)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act
of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition
period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 – Results of Operations and Financial Condition
On April 15, 2026, Community Trust Bancorp, Inc. issued a press release announcing its financial results for the quarter
ended March 31, 2026. A copy of this press release is being furnished to the Securities and Exchange Commission pursuant to Item 2.02 – Results of Operations and Financial Condition and Item 7.01 – Regulation FD Disclosure of Form 8-K and is
attached hereto as Exhibit 99.1. The information in this Form 8-K and in Exhibit 99.1 attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing
under the Securities Act of 1933, except as shall be expressly set forth by specific reference.
Item 9.01 – Financial Statements and Exhibits
(d) Exhibits
The following exhibit is filed with this report:
99.1
Press Release dated April 15, 2026
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly authorized.
COMMUNITY TRUST BANCORP, INC.
Date:
April 15, 2026
By:
/s/ Mark A. Gooch
Mark A. Gooch
Chairman, President, and Chief Executive Officer
EX-99.1 — CTBI 1ST QUARTER 2026 EARNINGS RELEASE 8-K EXHIBIT 99.1
EX-99.1
Filename: ctbi0326er8kex99.htm · Sequence: 3
Exhibit 99.1
FOR IMMEDIATE RELEASE
April 15, 2026
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 1ST QUARTER 2026
Earnings Summary
(in thousands except per share data)
1Q
2026
4Q
2025
1Q
2025
Net income
$
27,192
$
27,276
$
21,972
Earnings per share
$
1.51
$
1.51
$
1.22
Earnings per share – diluted
$
1.50
$
1.51
$
1.22
Return on average assets
1.65
%
1.63
%
1.44
%
Return on average equity
12.62
%
12.71
%
11.50
%
Efficiency ratio
48.72
%
48.70
%
51.86
%
Tangible common equity
12.07
%
11.94
%
11.57
%
Dividends declared per share
$
0.53
$
0.53
$
0.47
Book value per share
$
47.99
$
47.26
$
43.32
Weighted average shares
18,049
18,025
17,995
Weighted average shares – diluted
18,080
18,064
18,022
Community Trust Bancorp, Inc. (NASDAQ-CTBI) achieved earnings for the first quarter 2026 of $27.2 million, or $1.51 per
basic earnings per share, compared to $27.3 million, or $1.51 per basic share, earned during the fourth quarter 2025 and $22.0 million, or $1.22 per basic share, earned during the first quarter 2025. Total revenue for the quarter was $0.5 million below prior quarter but $8.0 million above prior year same quarter. Net interest income for the quarter increased $0.7 million compared to prior
quarter and $7.5 million compared to prior year same quarter, and noninterest income decreased $1.2 million compared to prior quarter but increased $0.5 million compared to prior year same quarter. Our provision for credit losses for the quarter
decreased $0.6 million from prior quarter and $1.3 million from prior year same quarter. Noninterest expense increased $0.1 million compared to prior
quarter and $2.3 million compared to prior year same quarter.
1st Quarter 2026 Highlights
❖
Net interest income for the quarter of $58.8 million was $0.7 million, or 1.1%, above prior quarter and $7.5 million, or 14.7%,
above prior year same quarter, as our net interest margin increased 12 basis points from prior quarter and 22 basis points from prior year same quarter.
❖
Provision for credit losses at $2.3 million for the quarter decreased $0.6 million from prior quarter and $1.3 million from prior
year same quarter.
❖
Noninterest income for the quarter of $15.4 million was $1.2 million, or 7.2%, below prior quarter but $0.5 million, or 3.5%,
above prior year same quarter.
❖
Noninterest expense for the quarter
of $36.5 million was $0.1 million, or 0.2%, above prior quarter and $2.3 million, or 6.8%, above prior year same quarter.
❖
Our loan portfolio at $5.0 billion increased $95.9 million, an annualized 7.9%, for the quarter and $354.3 million, or 7.6%, from
March 31, 2025.
❖
We had net loan charge-offs of $1.3 million, an annualized 0.11% of average loans, for the quarter compared to $1.8 million, an
annualized 0.14% of average loans, for prior quarter and $1.6 million, an annualized 0.14% of average loans, for the first quarter 2025.
❖
Our total nonperforming loans at $20.7 million at March 31, 2026 increased $1.6 million for the quarter but decreased $5.8 million
from March 31, 2025. Nonperforming assets at $24.1 million increased $1.9 million for the quarter but decreased $7.2 million from March 31, 2025.
❖
Deposits, including repurchase agreements, at $5.7 billion increased $35.1 million, an annualized 2.5%, for the quarter and $375.1
million, or 7.0%, from March 31, 2025.
❖
Shareholders’ equity at $871.2 million increased $15.2 million, an annualized 7.2%, for the quarter and $87.1 million, or 11.1%,
from March 31, 2025.
Net Interest Income
Percent Change
1Q 2026 Compared to:
($ in thousands)
1Q
2026
4Q
2025
1Q
2025
4Q
2025
1Q
2025
Components of net interest income
Income on earning assets
$
87,755
$
89,532
$
82,054
(2.0
)%
6.9
%
Expense on interest bearing liabilities
28,973
31,415
30,787
(7.8
)%
(5.9
)%
Net interest income
58,782
58,117
51,267
1.1
%
14.7
%
TEQ
317
323
273
(1.9
)%
16.3
%
Net interest income, tax equivalent (non-GAAP)
$
59,099
$
58,440
$
51,540
1.1
%
14.7
%
Average yield and rates paid:
Earning assets yield
5.65
%
5.64
%
5.71
%
0.0
%
(1.1
)%
Rate paid on interest bearing liabilities
2.61
%
2.78
%
3.02
%
(5.9
)%
(13.3
)%
Gross interest margin
3.04
%
2.86
%
2.69
%
5.8
%
12.5
%
Net interest margin
3.79
%
3.67
%
3.57
%
3.3
%
6.0
%
Average balances:
Investment securities
$
1,113,988
$
1,076,245
$
1,045,953
3.5
%
6.5
%
Loans
4,934,257
4,821,223
4,533,091
2.3
%
8.8
%
Earning assets
6,327,329
6,321,901
5,848,092
0.1
%
8.2
%
Interest-bearing liabilities
4,494,829
4,485,186
4,138,451
0.2
%
8.6
%
Net interest income for the quarter of $58.8 million was $0.7 million, or 1.1%, above prior quarter and $7.5 million, or
14.7%, above prior year same quarter, as our net interest margin, on a fully tax equivalent basis, increased 12 basis points from prior quarter and 22 basis points from prior year same quarter. Our quarterly average earning assets increased $5.4
million, an annualized 0.3%, from prior quarter and $479.2 million, or 8.2%, from prior year same quarter. Our yield on average earning assets increased 1 basis point from prior quarter but decreased 6 basis points from prior year same quarter,
while our cost of funds decreased 17 basis points from prior quarter and 41 basis points from prior year same quarter.
Our ratio of average loans to deposits, including repurchase agreements, was 87.2% for the quarter compared to 84.9% for
prior quarter and 85.9% for same quarter prior year.
Noninterest Income
Percent Change
1Q 2026 Compared to:
($ in thousands)
1Q
2026
4Q
2025
1Q
2025
4Q
2025
1Q
2025
Deposit related fees
$
7,155
$
7,537
$
6,822
(5.1
)%
4.9
%
Trust and wealth management income
4,462
4,422
3,981
0.9
%
12.1
%
Gains on sales of loans
51
107
47
(52.4
)%
8.4
%
Loan related fees
1,039
932
965
11.5
%
7.7
%
Bank owned life insurance revenue
1,714
1,179
1,035
45.4
%
65.6
%
Brokerage revenue
520
522
494
(0.5
)%
5.2
%
Other
473
1,904
1,553
(75.2
)%
(69.6
)%
Total noninterest income
$
15,414
$
16,603
$
14,897
(7.2
)%
3.5
%
Noninterest income for the quarter of $15.4 million was $1.2 million, or 7.2%, below prior quarter but $0.5 million, or
3.5%, above prior year same quarter. The variance quarter over quarter was primarily the result of decreases in net securities gains ($0.7 million), net gains on the sale of fixed assets ($0.5 million), deposit related fees ($0.4 million),
partially offset by an increase in bank owned life insurance revenue ($0.5 million). The decrease in net gains on the sale of fixed assets is the result of a
$0.5 million gain taken in the fourth quarter 2025 from the sale of one of our branch locations. Year over year increases for the quarter in bank owned
life insurance revenue ($0.7 million), trust and wealth management income ($0.5 million), and deposit related fees ($0.3 million) were partially offset by a $1.0 million decrease in securities gains. The variances in securities gains resulted
primarily from changes in the valuation of our equity securities.
Noninterest Expense
Percent Change
1Q 2026 Compared to:
($ in thousands)
1Q
2026
4Q
2025
1Q
2025
4Q
2025
1Q
2025
Salaries
$
13,629
$
13,981
$
13,269
(2.5
)%
2.7
%
Employee benefits
8,476
7,952
6,849
6.6
%
23.8
%
Net occupancy and equipment
3,699
3,373
3,440
9.7
%
7.5
%
Data processing
2,955
2,877
2,859
2.7
%
3.4
%
Legal and professional fees
1,164
1,019
1,225
14.2
%
(5.0
)%
Advertising and marketing
700
776
673
(9.8
)%
4.0
%
Taxes other than property and payroll
617
687
529
(10.2
)%
16.6
%
Other
5,297
5,787
5,364
(8.5
)%
(1.2
)%
Total noninterest expense
$
36,537
$
36,452
$
34,208
0.2
%
6.8
%
Noninterest expense for
the quarter of $36.5 million was $0.1 million, or 0.2%, above prior quarter and $2.3 million, or 6.8%, above prior year same quarter. Quarter over quarter increases in occupancy and equipment expense ($0.3 million) and repossession expense ($0.4
million) were partially offset by decreases in contribution expense ($0.4 million) and operating losses ($0.2 million). The decrease in contribution expense
resulted from the $0.4 million expense associated with the donation of one of our branch locations in the fourth quarter 2025. The year over year increase for the quarter primarily resulted from an increase in salaries ($0.4 million) and
other employee benefits, including bonuses ($0.5 million), and the cost of group medical and life insurance expense ($1.3 million).
Provision for Credit Losses
Our provision for credit
losses at $2.3 million for the quarter decreased $0.6 million from prior quarter and $1.3 million from prior year same quarter. Of the provision for the quarter, $2.5 million was attributable to the allowance for credit losses, with an expense
recovery of $0.2 million recognized in the provision for unfunded commitments.
Balance Sheet Review
Total Loans
Percent Change
1Q 2026 Compared to:
($ in thousands)
1Q
2026
4Q
2025
1Q
2025
4Q
2025
1Q
2025
Commercial nonresidential real estate
$
994,914
$
959,915
$
913,238
3.6
%
8.9
%
Commercial residential real estate
596,948
580,652
535,427
2.8
%
11.5
%
Hotel/motel
507,243
497,764
475,582
1.9
%
6.7
%
Other commercial
440,980
454,944
433,379
(3.1
)%
1.8
%
Total commercial
2,540,085
2,493,275
2,357,626
1.9
%
7.7
%
Residential mortgage
1,245,759
1,206,820
1,066,973
3.2
%
16.8
%
Home equity loans/lines
191,178
186,798
172,688
2.3
%
10.7
%
Total residential
1,436,937
1,393,618
1,239,661
3.1
%
15.9
%
Consumer indirect
873,980
862,458
888,635
1.3
%
(1.6
)%
Consumer direct
139,819
145,591
150,614
(4.0
)%
(7.2
)%
Total consumer
1,013,799
1,008,049
1,039,249
0.6
%
(2.4
)%
Total loans
$
4,990,821
$
4,894,942
$
4,636,536
2.0
%
7.6
%
Total Deposits and Repurchase Agreements
Percent Change
1Q 2026 Compared to:
($ in thousands)
1Q
2026
4Q
2025
1Q
2025
4Q
2025
1Q
2025
Noninterest bearing deposits
$
1,262,835
$
1,263,243
$
1,235,544
0.0
%
2.2
%
Interest bearing deposits
Interest checking
190,769
195,458
158,968
(2.4
)%
20.0
%
Money market savings
1,917,509
1,877,815
1,828,051
2.1
%
4.9
%
Savings accounts
508,553
499,276
516,379
1.9
%
(1.5
)%
Time deposits
1,554,554
1,553,266
1,372,363
0.1
%
13.3
%
Repurchase agreements
298,721
308,799
246,556
(3.3
)%
21.2
%
Total interest bearing deposits and repurchase agreements
4,470,106
4,434,614
4,122,317
0.8
%
8.4
%
Total deposits and repurchase agreements
$
5,732,941
$
5,697,857
$
5,357,861
0.6
%
7.0
%
CTBI’s total assets at $6.7 billion increased $57.0 million, or 3.5% annualized, for the quarter and $464.6 million, or
7.4%, from March 31, 2025. Loans outstanding at $5.0 billion increased $95.9 million, an annualized 7.9%, for the quarter and $354.3 million, or 7.6%, from March 31, 2025. The increase in loans for the quarter included a $46.8 million increase in
the commercial loan portfolio, a $43.3 million increase in the residential loan portfolio, and an $11.5 million increase in the consumer indirect loan portfolio, partially offset by a $5.7 million decrease in the consumer direct loan portfolio.
CTBI’s investment portfolio at $1.1 billion decreased $33.0 million, an annualized 11.9%, for the quarter as management allocated investment maturities into the loan portfolio but increased $79.1 million, or 7.8%, from March 31, 2025. Deposits in
other banks decreased $33.8 million for the quarter and $5.1 million from March 31, 2025. Deposits, including repurchase agreements, at $5.7 billion increased $35.1 million, an annualized 2.5%, for the quarter and $375.1 million, or 7.0%, from March
31, 2025. CTBI is not dependent on any one customer or group of customers for their source of deposits. As of March 31, 2026, two customers accounted for over 3%
each (3.7% and 3.2%) of our $5.4 billion in deposits. Only these two customer relationships accounted for more than 1% each of our deposits.
Shareholders’ equity at $871.2 million increased $15.2 million, an annualized 7.2%, for the quarter and $87.1 million, or
11.1%, from March 31, 2025. Net unrealized losses on securities, net of deferred taxes, were $68.0 million at March 31, 2026, compared to $64.8 million at December 31, 2025 and $86.1 million at March 31, 2025. CTBI’s annualized dividend yield to
shareholders as of March 31, 2026 was 3.49%.
Asset Quality
Our total nonperforming loans at $20.7 million at March 31, 2026 increased $1.6 million for the quarter but decreased
$5.8 million from March 31, 2025. Nonaccrual loans at $11.1 million increased $2.6 million from prior quarter but decreased $4.6 million from March 31, 2025. Accruing loans 90+ days past due at $9.6 million decreased $1.0 million from prior quarter
and $1.2 million from March 31, 2025. Accruing loans 30-89 days past due at $24.8 million increased $4.6 million from prior quarter and $10.3 million from March 31, 2025. 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 $1.3 million, an annualized 0.11% of average loans, for the quarter compared to $1.8
million, an annualized 0.14% of average loans, for prior quarter and $1.6 million, an annualized 0.14% of average loans, for the first quarter 2025. Of the net charge-offs for the quarter, $0.5 million were in commercial loans, $0.2 million were in
residential loans, $0.5 million were in consumer indirect loans, and $0.1 million were in consumer direct loans.
Allowance for Credit Losses
Our reserve coverage (allowance for credit losses to nonperforming loans) at March 31, 2026 was 295.8% compared to 314.0%
at December 31, 2025 and 214.7% at March 31, 2025. Our loan loss reserve as a percentage of total loans outstanding at March 31, 2026 remained at 1.23% from December 31, 2025 and March 31, 2025. The table below shows the changes in components of
the allowance for credit losses during the first quarter 2026:
Beginning balance
$
60,169
New loan volume
4,608
Changes in existing loan balances
(658
)
Loan exiting
(2,767
)
Historical loss rate
(124
)
Qualitative factors
188
Other changes
(95
)
Ending balance
$
61,321
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 $6.7 billion, is headquartered in Pikeville, Kentucky and has 69 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)
March 31, 2026
(in thousands except per share data and # of employees)
Three
Three
Three
Months
Months
Months
Ended
Ended
Ended
March 31, 2026
December 31, 2025
March 31, 2025
Interest income
$
87,755
$
89,532
$
82,054
Interest expense
28,973
31,415
30,787
Net interest income
58,782
58,117
51,267
Provision for credit losses
2,311
2,908
3,568
Gains on sales of loans
51
107
47
Deposit related fees
7,155
7,537
6,822
Trust and wealth management income
4,462
4,422
3,981
Loan related fees
1,039
932
965
Securities gains (losses)
(488
)
194
480
Other noninterest income
3,195
3,411
2,602
Total noninterest income
15,414
16,603
14,897
Personnel expense
22,105
21,933
20,118
Occupancy and equipment
3,699
3,373
3,440
Data processing expense
2,955
2,877
2,859
FDIC insurance
744
745
689
Other noninterest expense
7,034
7,524
7,102
Total noninterest expense
36,537
36,452
34,208
Net income before taxes
35,348
35,360
28,388
Income taxes
8,156
8,084
6,416
Net income
$
27,192
$
27,276
$
21,972
Memo: TEQ interest income
$
88,072
$
89,855
$
82,327
Average shares outstanding
18,049
18,025
17,995
Diluted average shares outstanding
18,080
18,064
18,022
Basic earnings per share
$
1.51
$
1.51
$
1.22
Diluted earnings per share
$
1.50
$
1.51
$
1.22
Dividends per share
$
0.53
$
0.53
$
0.47
Average balances:
Loans
$
4,934,257
$
4,821,223
$
4,533,091
Earning assets
6,327,329
6,321,901
5,848,092
Total assets
6,669,401
6,657,596
6,176,389
Deposits, including repurchase agreements
5,661,967
5,677,448
5,276,893
Interest bearing liabilities
4,494,829
4,485,186
4,138,451
Shareholders' equity
873,726
851,231
774,907
Performance ratios:
Return on average assets
1.65
%
1.63
%
1.44
%
Return on average equity
12.62
%
12.71
%
11.50
%
Yield on average earning assets (tax equivalent)
5.65
%
5.64
%
5.71
%
Cost of interest bearing funds (tax equivalent)
2.61
%
2.78
%
3.02
%
Net interest margin (tax equivalent)
3.79
%
3.67
%
3.57
%
Efficiency ratio (tax equivalent)
48.72
%
48.70
%
51.86
%
Loan charge-offs
$
2,686
$
3,022
$
2,722
Recoveries
(1,368
)
(1,267
)
(1,147
)
Net charge-offs
$
1,318
$
1,755
$
1,575
Market Price:
High
$
65.79
$
61.55
$
56.96
Low
$
56.05
$
50.25
$
48.82
Close
$
60.72
$
56.50
$
50.36
Community Trust Bancorp, Inc.
Financial Summary (Unaudited)
March 31, 2026
(in thousands except per share data and # of employees)
As of
As of
As of
March 31, 2026
December 31, 2025
March 31, 2025
Assets:
Loans
$
4,990,821
$
4,894,942
$
4,636,536
Allowance for credit losses
(61,321
)
(60,169
)
(56,961
)
Net loans
4,929,500
4,834,773
4,579,575
Loans held for sale
73
211
-
Securities AFS
1,088,205
1,120,719
1,008,552
Equity securities at fair value
3,666
4,154
4,261
Other equity investments
10,087
10,087
9,773
Other earning assets
269,178
302,928
274,229
Cash and due from banks
91,572
62,851
68,532
Premises and equipment
53,114
52,611
50,753
Right of use asset
14,999
15,433
15,636
Goodwill and core deposit intangible
65,490
65,490
65,490
Other assets
215,284
214,881
199,717
Total Assets
$
6,741,168
$
6,684,138
$
6,276,518
Liabilities and Equity:
Interest bearing checking
$
190,769
$
195,458
$
158,968
Savings deposits
2,426,062
2,377,091
2,344,430
CD's >=$100,000
959,996
960,517
800,359
Other time deposits
594,558
592,749
572,004
Total interest bearing deposits
4,171,385
4,125,815
3,875,761
Noninterest bearing deposits
1,262,835
1,263,243
1,235,544
Total deposits
5,434,220
5,389,058
5,111,305
Repurchase agreements
298,721
308,799
246,556
Other interest bearing liabilities
64,512
64,577
64,767
Lease liability
15,995
16,417
16,461
Other noninterest bearing liabilities
56,475
49,215
53,257
Total liabilities
5,869,923
5,828,066
5,492,346
Shareholders' equity
871,245
856,072
784,172
Total Liabilities and Equity
$
6,741,168
$
6,684,138
$
6,276,518
Ending shares outstanding
18,156
18,116
18,102
30 - 89 days past due loans
$
24,800
$
20,182
$
14,537
90 days past due loans
9,599
10,623
10,835
Nonaccrual loans
11,132
8,539
15,692
Foreclosed properties
3,348
3,066
4,795
Community bank leverage ratio
13.91
%
13.64
%
13.81
%
Tangible equity to tangible assets ratio
12.07
%
11.94
%
11.57
%
FTE employees
974
991
988
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v3.26.1
Document and Entity Information
Mar. 31, 2026
Cover [Abstract]
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Document Period End Date
Mar. 31, 2026
Entity File Number
001-31220
Entity Registrant Name
Community Trust Bancorp, Inc.
Entity Central Index Key
0000350852
Entity Incorporation, State or Country Code
KY
Entity Tax Identification Number
61-0979818
Entity Address, Address Line One
P.O. Box 2947
Entity Address, Address Line Two
346 North Mayo Trail
Entity Address, City or Town
Pikeville
Entity Address, State or Province
KY
Entity Address, Postal Zip Code
41502
City Area Code
606
Local Phone Number
432-1414
Title of 12(b) Security
Common Stock
Trading Symbol
CTBI
Security Exchange Name
NASDAQ
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