Quarterly ResultMay 8, 2026, 08:37 AM
Community Trust Bancorp Q1 Net Income Up 23.8% to $27.2M, EPS $1.51
AI Summary
Community Trust Bancorp reported a strong first quarter for 2026, with net income increasing by 23.8% to $27.2 million and diluted earnings per share rising to $1.50. The company saw significant growth in net interest income and a decrease in the provision for credit losses. Total assets and net loans also experienced modest increases compared to the end of 2025, while nonperforming loans saw a slight uptick.
Key Highlights
- Net income for Q1 2026 increased 23.8% to $27.2 million from $22.0 million in Q1 2025.
- Diluted earnings per share rose 22.9% to $1.50 in Q1 2026 from $1.22 in Q1 2025.
- Net interest income grew 14.7% to $58.8 million in Q1 2026 from $51.3 million in Q1 2025.
- Provision for credit losses decreased 35.2% to $2.3 million in Q1 2026 from $3.6 million in Q1 2025.
- Total assets increased 0.85% to $6.74 billion at March 31, 2026, from $6.68 billion at December 31, 2025.
- Net loans increased 1.96% to $4.93 billion at March 31, 2026, from $4.83 billion at December 31, 2025.
- Total deposits increased 0.84% to $5.43 billion at March 31, 2026, from $5.39 billion at December 31, 2025.
- Nonperforming loans increased 8.2% to $20.7 million at March 31, 2026, from $19.2 million at December 31, 2025.
- Cash dividends declared were $0.53 per share for Q1 2026, up from $0.47 per share in Q1 2025.