Community Trust Bancorp Reports Steady Q1 2025 Earnings

Community Trust Bancorp ( (CTBI) ) has released its Q1 earnings. Here is a breakdown of the information Community Trust Bancorp presented to its investors.

Community Trust Bancorp, Inc. is a regional bank headquartered in Pikeville, Kentucky, offering a range of financial services across Kentucky, West Virginia, and Tennessee, with a focus on community banking and trust services.

In the first quarter of 2025, Community Trust Bancorp reported a net income of $21.97 million, slightly down from the previous quarter but up from the same period last year. The bank’s earnings per share stood at $1.22, reflecting a stable performance amidst a challenging economic environment.

Key financial highlights include a 3.5% increase in net interest income from the previous quarter, driven by a higher net interest margin. The bank’s loan portfolio grew by 11.4% year-over-year, contributing to an overall increase in total assets. However, noninterest income saw a decline due to reduced deposit and loan-related fees, while noninterest expenses rose slightly due to higher occupancy and legal costs.

The bank’s asset quality showed mixed results, with a decrease in nonperforming loans from the previous quarter but an increase from the previous year. The provision for credit losses rose, reflecting a cautious approach to potential loan defaults.

Looking ahead, Community Trust Bancorp remains focused on maintaining its financial stability and supporting growth in its loan and deposit portfolios, while navigating the evolving economic landscape with a prudent risk management strategy.