secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY TRUST BANCORP INC /KY/ (CTBI)
CIK:        0000350852
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0000350852-23-000082
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350852/000035085223000082/0000350852-23-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350852/000035085223000082/ctbi0623er8k.htm
  HTML page:      https://secwatch.observer/filing/0000350852-23-000082

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