earnings
confidence high
sentiment negative
materiality 0.70
CTBI Q1 2024 EPS $1.04, down 3.7% YoY; NIM down 26 bps to 3.23%
COMMUNITY TRUST BANCORP INC /KY/
2024-Q1 EPS reported
$1.04
- Net income $18.7M ($1.04 diluted) vs $19.3M ($1.08) Q1 2023.
- Net interest income $43.6M; NIM 3.23% (-26 bps YoY); provision $2.7M (+$1.5M YoY).
- Loans $4.2B (+10.2% YoY); deposits $5.0B (+5.6% YoY); net charge-offs $1.6M (0.16% annualized).
- Noninterest income $15.1M (+10.6% YoY); noninterest expense $32.2M (+1.0% YoY).
- Dividend $0.46 per share declared, unchanged from Q4 2023.