secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY TRUST BANCORP INC /KY/ (CTBI)
CIK:        0000350852
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0000350852-24-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350852/000035085224000009/0000350852-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350852/000035085224000009/ctbi1223er8k.htm
  HTML page:      https://secwatch.observer/filing/0000350852-24-000009

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