Quarterly ResultOct 21, 2026, 08:31 AM
Community Trust Bancorp Q3 Net Income $25.9M; EPS $1.43
AI Summary
Community Trust Bancorp, Inc. announced its financial results for the third quarter of 2026, reporting a net income of $25.9 million, or $1.43 per diluted share. This represents a decrease from the second quarter's $29.6 million ($1.64 per share) but an increase compared to the third quarter of 2025, which was $23.9 million ($1.33 per share). Total revenue saw a significant increase year-over-year. The company experienced growth in its loan portfolio and deposits, while also noting an increase in the provision for credit losses and higher net loan charge-offs compared to prior periods. Dividends declared per share saw an increase.
Key Highlights
- Community Trust Bancorp Inc. reported Q3 2026 net income of $25.9 million, or $1.43 per share, down from $29.6 million, or $1.64 per share, in Q2 2026.
- Year-over-year, Q3 2026 net income increased to $25.9 million from $23.9 million in Q3 2025, with EPS rising to $1.43 from $1.33.
- Total revenue for Q3 2026 was $1.2 million above the prior quarter and $8.2 million above the prior year's same quarter.
- Net interest income for Q3 2026 was $61.1 million, up 0.3% from the prior quarter and 9.9% from the prior year.
- Provision for credit losses increased significantly to $9.2 million in Q3 2026, up from $2.7 million in Q2 2026 and $3.8 million in Q3 2025.
- The loan portfolio grew by $177.9 million (13.8% annualized) in Q3 2026 to $5.3 billion.
- Deposits, including repurchase agreements, increased by $86.1 million (5.7% annualized) in Q3 2026 to $6.0 billion.
- Dividends declared per share increased to $0.71 in Q3 2026 from $0.53 in Q2 2026 and $0.53 in Q3 2025.
Price Impact
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