COMMUNITY TRUST BANCORP INC /KY/ CTBI
Community Trust Bancorp, Inc. ("CTBI") is a bank holding company registered with the Board of Governors of the Federal Reserve System pursuant to Section 5(a) of the Bank Holding Company Act of
1956, as amended. CTBI was incorporated August 12, 1980, under the laws of the Commonwealth of Kentucky for the purpose of becoming a bank holding company. Currently, CTBI owns all the capital stock of one commercial bank and one trust
company, serving small and mid-sized communities in eastern, northeastern, central, and south central Kentucky, southern West Virginia, and northeastern Tennessee. The commercial bank is Community Trust Bank, Inc., Pikeville, Kentucky ("CTB")
and the trust company is Community Trust and Investment Company, Lexington, Kentucky ("CTIC").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $345.7M | $313.4M | $268.6M | $197.7M | $178.2M | $176.4M | $185.4M | $171.4M | $155.7M | $146.6M |
| Interest expense | $219.0M | $186.0M | $173.1M | $169.1M | $15.1M | $25.4M | $40.5M | $29.3M | $18.3M | $13.6M |
| Pre-tax income | $127.1M | $106.7M | $98.6M | $101.0M | $110.6M | $70.3M | $72.0M | $70.5M | $68.5M | $66.5M |
| Income tax | $29.0M | $23.9M | $20.6M | $19.2M | $22.7M | $10.8M | $7.5M | $11.3M | $17.0M | $19.1M |
| Net income | $98.1M | $82.8M | $78.0M | $81.8M | $87.9M | $59.5M | $64.5M | $59.2M | $51.5M | $47.3M |
| EPS, basic | 5.44 | 4.61 | 4.36 | 4.59 | 4.94 | 3.35 | 3.64 | 3.35 | 2.92 | 2.70 |
| EPS, diluted | 5.43 | 4.61 | 4.36 | 4.58 | 4.94 | 3.35 | 3.64 | 3.35 | 2.92 | 2.70 |
| Shares, diluted (wtd. avg.) | $18.0M | $18.0M | $17.9M | $17.9M | $17.8M | $17.8M | $17.7M | $17.7M | $17.7M | $17.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $363.7M | $369.5M | $271.4M | $128.7M | $311.8M | $338.2M | $264.7M | $141.4M | $175.3M | $144.7M |
| Property, plant and equipment | $52.6M | $49.6M | $45.3M | $42.6M | $40.5M | $42.0M | $44.0M | $45.3M | $46.3M | $47.9M |
| Goodwill | $65.5M | $65.5M | $65.5M | $65.5M | $65.5M | $65.5M | $65.5M | $65.5M | $65.5M | $65.5M |
| Other intangibles | — | — | — | — | — | — | — | — | $0 | $133.0K |
| Total assets | $6.68B | $6.19B | $5.77B | $5.38B | $5.42B | $5.14B | $4.37B | $4.20B | $4.14B | $3.93B |
| Short-term debt | $309.3M | $240.7M | $225.7M | $215.9M | $271.6M | $356.4M | $234.8M | $233.9M | $251.1M | $255.9M |
| Long-term debt | $63.8M | $64.0M | $64.2M | $57.8M | — | — | — | — | — | — |
| Total liabilities | $5.83B | $5.44B | $5.07B | $4.75B | $4.72B | $4.48B | $3.75B | $3.64B | $3.61B | $3.43B |
| Retained earnings | $593.9M | $531.9M | $484.4M | $438.6M | $386.8M | $326.7M | $296.8M | $258.9M | $224.3M | $195.1M |
| Total equity | $856.1M | $757.6M | $702.2M | $628.0M | $698.2M | $654.9M | $614.9M | $564.1M | $530.7M | $500.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $105.0M | $105.3M | $85.8M | $99.7M | $115.7M | $62.4M | $83.5M | $65.5M | $62.4M | $61.4M |
| Depreciation and amortisation | $4.0M | $3.7M | $3.6M | $3.3M | $3.2M | $3.5M | $3.8M | $3.8M | $3.9M | $3.7M |
| Stock-based compensation | $1.8M | $1.4M | $1.6M | $1.4M | $850.0K | $944.0K | $859.0K | $710.0K | $636.0K | $458.0K |
| Capital expenditure | $7.6M | $8.1M | $6.3M | $6.2M | $2.4M | $1.5M | $2.6M | $2.8M | $2.4M | $3.5M |
| Investing cash flow | -$463.2M | -$335.7M | -$226.6M | -$280.0M | -$358.6M | -$693.5M | -$34.5M | -$100.6M | -$186.6M | -$86.1M |
| Financing cash flow | $352.4M | $328.5M | $283.5M | -$2.7M | $216.4M | $704.7M | $74.3M | $1.3M | $154.8M | -$18.2M |
| Dividends paid | $36.0M | $33.4M | $32.2M | $29.9M | $27.9M | $27.1M | $26.2M | $24.4M | $23.0M | $22.2M |
| Buybacks | — | — | — | $0 | $0 | $1.1M | $0 | $0 | $0 | $382.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-007058.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |