secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY TRUST BANCORP INC /KY/ (CTBI)
CIK:        0000350852
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0000350852-23-000052
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350852/000035085223000052/0000350852-23-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350852/000035085223000052/ctbi0323er8k.htm
  HTML page:      https://secwatch.observer/filing/0000350852-23-000052

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