Quarterly ResultJul 15, 2026, 08:26 AM
Community Trust Bancorp Reports Record Q2 EPS $1.64, Net Income $29.6M
AI Summary
Community Trust Bancorp reported record earnings for the second quarter of 2026, with net income reaching $29.6 million, or $1.64 per basic share. This represents a significant increase from $27.2 million in Q1 2026 and $24.9 million in Q2 2025. Total revenue grew by $4.3 million quarter-over-quarter and $8.3 million year-over-year. The company saw strong growth in its loan portfolio, up 10.8% annualized, and deposits, up 15.5% annualized, for the quarter. While nonperforming loans increased, net loan charge-offs decreased.
Key Highlights
- Net income for Q2 2026 was a record $29.6 million, up from $24.9 million in Q2 2025.
- Basic earnings per share reached $1.64 in Q2 2026, compared to $1.38 in Q2 2025.
- Loan portfolio grew to $5.1 billion, an annualized increase of 10.8% for the quarter.
- Deposits, including repurchase agreements, increased to $6.0 billion, up 15.5% annualized.
- Net interest income rose to $60.9 million, a 12.7% increase from Q2 2025.
- Noninterest income was $17.6 million, up 8.8% from the prior year's same quarter.
- Nonperforming loans increased by $9.0 million to $29.7 million for the quarter.
- Net loan charge-offs decreased to $0.9 million, or 0.07% of average loans.
Price Impact
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