---
schema_version: "secwatch.filing_event.v1"
accession: "0000350852-24-000009"
form_type: "8-K"
ticker: "CTBI"
cik: "0000350852"
company_name: "COMMUNITY TRUST BANCORP INC /KY/"
filed_at: "2024-01-17T23:59:59+00:00"
generated_at: "2026-06-06T22:48:42.688529+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Community Trust Bancorp Q4 2023 EPS $1.04, down from $1.26 YoY; full-year net income $78M

## Summary
- Q4 net income $18.7M ($1.04 diluted EPS) vs $22.4M ($1.26) in Q4 2022 and $20.6M ($1.15) in Q3 2023.
- Net interest margin fell 32 bps YoY to 3.19%; net interest income $43.0M, down $1.8M YoY.
- Loans grew 9.2% YoY to $4.1B; deposits including repos increased 6.6% to $4.9B.
- Nonperforming loans $14.0M, up from $13.0M QoQ but down from $15.3M YoY; reserve ratio 1.22% of loans.
- Quarterly dividend maintained at $0.46/share; discretionary employee gift of $1.2M accrued in Q4.

## SEC filing metadata
- accession: 0000350852-24-000009
- form_type: 8-K
- ticker: CTBI
- cik: 0000350852
- company_name: COMMUNITY TRUST BANCORP INC /KY/
- filed_at: 2024-01-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/350852/000035085224000009/0000350852-24-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/350852/000035085224000009/ctbi1223er8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000350852-24-000009
- JSON: https://secwatch.observer/filing/0000350852-24-000009.json
- Plain text: https://secwatch.observer/filing/0000350852-24-000009.txt

## Key facts
- Earnings Releases
  COMMUNITY TRUST BANCORP INC /KY/ reported financial results for the quarter and year ended December 31, 2023.
  - Period: the quarter and year ended December 31, 2023
  - Result: reported results
  source text: On January 17, 2024, Community Trust Bancorp, Inc. issued a press release announcing its financial results for the quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/350852/000035085224000009/0000350852-24-000009-index.htm

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