secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY TRUST BANCORP INC /KY/ (CTBI)
CIK:        0000350852
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0000350852-24-000074
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 2024 EPS $1.09 flat YoY; loan growth 9.7% annualized, NPLs up
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- Net income $19.5M ($1.09 EPS) vs $18.7M ($1.04) Q1 2024 and $19.4M ($1.09) Q2 2023; essentially flat YoY.
- Net interest income $45.7M, up 4.8% QoQ and 6.0% YoY; NIM (tax-eq) improved to 3.38% (+15 bps QoQ).
- Loans grew $100.1M (annualized 9.7%) from March 31 to $4.26B; deposits decreased $57.6M (annualized -4.6%).
- Nonperforming loans rose to $19.8M from $15.9M Q1 and $11.7M a year ago; provision for credit losses $3.0M, up $0.3M QoQ.
- Dividend declared $0.46/share, unchanged QoQ but up from $0.44 YoY; annualized dividend yield 4.21%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350852/000035085224000074/0000350852-24-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350852/000035085224000074/ctbi0624er8k.htm
  HTML page:      https://secwatch.observer/filing/0000350852-24-000074

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