---
schema_version: "secwatch.filing_event.v1"
accession: "0000350852-23-000052"
form_type: "8-K"
ticker: "CTBI"
cik: "0000350852"
company_name: "COMMUNITY TRUST BANCORP INC /KY/"
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:57:17.968519+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CTBI Q1 2023 net income $19.3M ($1.08 EPS); deposits grow 9.7% annualized

## Summary
- Net income $19.3M ($1.08 EPS) vs $22.4M ($1.26) in Q4 2022 and $19.7M ($1.11) in Q1 2022.
- Net interest income $43.9M, down $0.8M from Q4 but up $3.9M YoY; NIM 3.49% vs 3.51% prior qtr.
- Loans grew $68.1M (annualized 7.4%) to $3.78B; deposits grew $110.6M (annualized 9.7%) to $4.75B.
- Nonperforming loans fell to $12.2M from $15.3M; net charge-offs $414K (0.04% of loans annualized).
- No deposit decline from bank failures; well-capitalized (CBLR 13.71% vs 9% required); no BTFP usage.

## SEC filing metadata
- accession: 0000350852-23-000052
- form_type: 8-K
- ticker: CTBI
- cik: 0000350852
- company_name: COMMUNITY TRUST BANCORP INC /KY/
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/350852/000035085223000052/0000350852-23-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/350852/000035085223000052/ctbi0323er8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000350852-23-000052
- JSON: https://secwatch.observer/filing/0000350852-23-000052.json
- Plain text: https://secwatch.observer/filing/0000350852-23-000052.txt

## Key facts
- Earnings Releases
  COMMUNITY TRUST BANCORP INC /KY/ reported the quarter ended March 31, 2023 results: net income $19,313, EPS $1.08.
  - Period: the quarter ended March 31, 2023
  - Net income: $19,313
  - EPS: $1.08
  - Result: reported results
  source text: On April 19, 2023, Community Trust Bancorp, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/350852/000035085223000052/0000350852-23-000052-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.