Community Bancorp Reports Strong 2024 Financial Performance

Community Bancorp ( (CTBI) ) just unveiled an update.

Community Bancorp has reported strong financial performance for the year ending December 31, 2024, with notable increases in key metrics such as earnings per share, net income, and revenues, each growing by 5.7%, 6.2%, and 7.7% respectively from the previous year. The company also saw a 7.3% increase in total assets and a 10.8% growth in loans, positioning itself as a leading bank in Kentucky by asset size and deposit market share, which may enhance its competitive standing in the financial services sector.

More about Community Bancorp

Community Bancorp operates primarily in the banking industry, providing a range of financial services through its subsidiaries Community Trust Bank, Inc. and Community Trust and Investment Company. Based in Kentucky, the company serves customers across Kentucky, Tennessee, and West Virginia, and holds a significant position in the Kentucky banking market.

YTD Price Performance: 4.49%

Average Trading Volume: 62,193

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $972.1M

Learn more about CTBI stock on TipRanks’ Stock Analysis page.