secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY TRUST BANCORP INC /KY/ (CTBI)
CIK:        0000350852
Form:       8-K
Filed at:   2022-10-19T23:59:59+00:00
Accession:  0000350852-22-000073
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTBI Q3 2022 EPS $1.09 vs $1.19 YoY; provision rises sharply; equity falls on unrealized losses
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- Net income $19.4M ($1.09/sh) vs $21.1M ($1.19/sh) in Q3 2021; YTD net income $59.4M ($3.33/sh) down 13.6%.
- Net interest income $43.5M (+3.6% YoY); NIM 3.36% up 13 bps YoY; provision for credit losses $2.4M vs $0.1M prior Q.
- Loans grew $232.4M (6.8%) YoY; deposits up $176.9M (3.9%); noninterest income flat at $14.7M.
- Shareholders' equity declined $89.1M (12.9%) YoY due to unrealized securities losses; dividend increased to $0.44/sh.
- Noninterest expense $31.5M included $1.4M accrual for customer refunds of re-presented returned item fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350852/000035085222000073/0000350852-22-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350852/000035085222000073/ctbi0922er8k.htm
  HTML page:      https://secwatch.observer/filing/0000350852-22-000073

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