Community Trust Bancorp Q2 net income $19.4M ($1.09 EPS), down 4.3% YoY

COMMUNITY TRUST BANCORP INC /KY/

2023-Q2 EPS reported $2.16

Net income $19.4M ($1.09 basic EPS) vs $20.3M ($1.14) in Q2 2022; YTD 2023 net income $38.7M ($2.17) vs $40.0M ($2.24).
Net interest income $43.1M, down 1.9% QoQ but up 5.6% YoY; net interest margin 3.35% (down 14 bps QoQ, up 15 bps YoY).
Loans grew 16.2% annualized QoQ to $3.9B; deposits stable at $4.7B; nonperforming loans fell to $11.7M.
Provision for credit losses $2.0M, up $0.9M QoQ and $1.9M YoY; net charge-offs $674K (0.07% of avg loans annualized).
Dividend declared $0.44 per share, unchanged QoQ, increased from $0.40 in Q2 2022.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

COMMUNITY TRUST BANCORP INC /KY/ reported the quarter and six months ended June 30, 2023 results: net income $19.4 million, EPS $1.09 per basic share.

Period: the quarter and six months ended June 30, 2023
Net income: $19.4 million
EPS: $1.09 per basic share
Result: reported results

Exact text from the filing

Community Trust Bancorp, Inc. (NASDAQ-CTBI) achieved earnings for the second quarter 2023 of $19.4 million, or $1.09 per basic share

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

COMMUNITY TRUST BANCORP INC /KY/ filing history →

Source: SEC EDGAR

accession 0000350852-23-000082

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