CTBI, US2041491083

Community Trust Bancorp stock posts mixed third-quarter results

Published on 11/05/2026 at 02:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Community Trust Bancorp stock faces a mixed quarterly picture after stronger income from lending and higher credit costs. Loan growth continued.

Quarterly earnings and credit costs

Net income increased from the year-earlier quarter, while earnings declined from the second quarter.
Net interest income and loans grew year over year, but provisions and charge-offs rose sharply.
Community Trust Bancorp expanded deposits and maintained its regional banking footprint across Kentucky, West Virginia and Tennessee.

CTBI, US2041491083, Illustration mit AI erstellt.

Community Trust Bancorp reported mixed third-quarter results on October 21, with year-over-year earnings growth tempered by higher credit costs. In its official earnings release, the bank said third-quarter net income reached USD 25.9 million, or USD 1.43 per diluted share, compared with USD 29.6 million and USD 1.64 per share in the second quarter. A year earlier, net income was USD 23.9 million and diluted EPS was USD 1.32.

Income growth meets higher losses

Net interest income rose to USD 61.1 million, up 9.9 percent from the year-earlier quarter and 0.3 percent from the second quarter. Noninterest income increased 16.9 percent year over year to USD 18.6 million, while noninterest expense declined 0.7 percent to USD 36.5 million.

The main pressure came from credit costs. The provision for credit losses rose to USD 9.2 million from USD 3.9 million a year earlier and USD 2.8 million in the second quarter. Net loan charge-offs reached USD 6.6 million, compared with USD 2.7 million in the third quarter of 2025. The company attributed a USD 4.3 million charge-off to a commercial relationship whose collateral sold for less than expected.

Loans and deposits continue growing

Total loans reached USD 5.3 billion at September 30, up 10.6 percent from a year earlier. Deposits and repurchase agreements totaled USD 6.0 billion, an increase of 6.5 percent year over year. Nonperforming loans declined to USD 22.5 million during the quarter, although past-due loans and charge-offs remain important indicators for investors assessing asset quality.

Regional banking footprint

Community Trust Bancorp is the holding company for a regional banking operation headquartered in Pikeville, Kentucky. Its network includes banking locations across eastern, northeastern, central and south central Kentucky, southern West Virginia and northeastern Tennessee, alongside trust offices in Kentucky and Tennessee.

Its activities include commercial, residential and consumer lending, deposit gathering, trust and wealth management, brokerage and other banking services. The company reported total assets of USD 7.1 billion and 968 full-time-equivalent employees at September 30, 2026.