earnings
confidence high
sentiment positive
materiality 0.70
Community Trust Q3 net income rises to $20.6M, EPS $1.15; dividend increases to $0.46/share
COMMUNITY TRUST BANCORP INC /KY/
2023-Q3 EPS reported
$3.32
- Net income $20.6M ($1.15 per diluted share) vs $19.4M ($1.08) in Q2 2023 and $19.4M ($1.08) in Q3 2022.
- Net interest margin 3.27%, down 8 bps QoQ and 9 bps YoY; net interest income $43.1M, flat QoQ.
- Loans grew $55.3M (5.6% annualized) to $4.0B; deposits up $114.8M (9.6% annualized) to $4.9B.
- Dividend declared $0.46 per share, up $0.02 from prior quarter, yielding 5.37% annualized on Sep 30 closing.
- Nonperforming loans $13.0M (up $1.3M QoQ); net charge-offs $1.2M (0.12% annualized) vs $0.7M in Q2.