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    Community Trust Bancorp (CTBI)

    Market Price (9/20/2026): $75.82 | Market Cap: $1.4 BilSector: Financials | Industry: Regional Banks

    Community Trust Bancorp (CTBI)

    Market Price (9/20/2026): $75.82
    Market Cap: $1.4 Bil
    Sector: Financials
    Industry: Regional Banks

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 2.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.5%, FCF Yield is 9.5%

    Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -42%

    Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 46%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 44%

    Low stock price volatility
    Vol 12M is 25%

    Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology.

    Trading close to highs
    Dist 52W High is -3.6%, Dist 3Y High is -3.6%

    Key risks
    CTBI key risks include [1] a significant loan portfolio concentration in the economically sensitive hotel/motel sector and [2] intense competition for deposits, Show more.

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 2.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.5%, FCF Yield is 9.5%
    1 Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -42%
    2 Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 46%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 44%
    3 Low stock price volatility
    Vol 12M is 25%
    4 Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology.
    5 Trading close to highs
    Dist 52W High is -3.6%, Dist 3Y High is -3.6%
    6 Key risks
    CTBI key risks include [1] a significant loan portfolio concentration in the economically sensitive hotel/motel sector and [2] intense competition for deposits, Show more.

    CTBI in ETFs

    Weight = CTBI's share of each fund

    VTI0.00%
    ITOT0.00%
    IWM0.04%
    KRE0.22%
    AVUV0.13%
    IWN0.08%
    VTWO0.04%
    DFAS0.03%
    +4 more covered ETFs

    Valuation & Metrics

    FYE: 12/31CTBI [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$298.9 Mil—
    FY 2026 Sales$313.4 Mil—
    FY 2027 Sales$327.6 Mil—
    FY 2026 Sales Growth4.8%—
    FY 2027 Sales Growth4.5%12.8%
    EARNINGS
    LTM Net Income (GAAP) [3]$108.0 Mil—
    FY 2026 Net Income (Non-GAAP)$116.2 Mil—
    FY 2027 Net Income (Non-GAAP)$117.9 Mil—
    FY 2027 Net Income Growth1.4%18.1%
    FY 2026 EPS (Non-GAAP)$6.38—
    FY 2027 EPS (Non-GAAP)$6.50—
    FY 2027 EPS Growth1.9%—
    VALUATION
    FY 2026 P/S4.41.6
    FY 2027 P/S4.2—
    FY 2026 P/E11.87.4
    FY 2027 P/E11.6—

    [1] CTBI forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 9/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    CTBIS&P 500
    REVENUE GROWTHGOOD
    Rev LTM ($ Bil)0.3
    Rev Chg Q11.8%9.1%
    Rev Chg LTM12.9%8.3%
    Rev Chg 3Y Avg8.9%5.8%
    PROFITABILITYVERY GOOD
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.1
    Net Inc LTM ($ Bil)0.1
    CFO/Rev LTM45.5%21.8%
    Net Inc Mgn36.1%13.1%
    VALUATIONLOW
    P/S4.63.1
    P/CFO10.114.7
    P/FCF10.519.1
    P/E12.722.4

    AI Analysis | Feedback

    MetricValueDateSource
    Efficiency Ratio50.86%10152025Link
    Trust Assets Under Management3.7 billion12312024Link
    Number of Employees93412312024Link
    Number of Domestic Locations8110312025Link
    Market Share3.53%12312023Link
    Net Interest Margin3.60%10152025Link
    Return on Average Assets1.58%6302025Link
    Return on Average Equity12.51%6302025Link
    Nonperforming Loans26.5 million3312025Link
    Nonperforming Assets31.3 million3312025Link
    Community Bank Leverage Ratio (CBLR)13.76%12312024Link

    Price Chart

    Recent
    9/15/2026DividendAmount: $0.71
    Payment On: 10/01/2026

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 9/1/2026

    Community Trust Bancorp (CTBI) stock has gained about 15% since 5/31/2026 because of the following key factors:

    1. Community Trust Bancorp reported record-setting fiscal Q2 2026 earnings that significantly surpassed analyst expectations. The company announced record earnings for the second fiscal quarter of 2026 (ending June 30, 2026) on July 15, 2026. Earnings per share (EPS) reached $1.64, exceeding the consensus analyst estimate of $1.52 by $0.12, or 7.89%. Concurrently, revenue for fiscal Q2 2026 was reported at $78.49 million, also beating analyst estimates of $76.85 million. Net income for the quarter increased to $29.6 million from $24.9 million in fiscal Q2 2025. The company also demonstrated strong organic growth, with double-digit increases in both loans and deposits, and its net interest income grew by $6.8 million, or 12.7%, compared to the prior year's same quarter.

    2. The company announced a substantial increase in its cash dividend and a special one-time payout. On July 28, 2026, Community Trust Bancorp's Board of Directors increased its quarterly cash dividend to $0.65 per share, an increase of 22.6%. This marked the 46th consecutive year of dividend increases for the company. Additionally, the Board approved a one-time special cash dividend of $0.06 per share. This move signals financial strength and a commitment to shareholder returns, enhancing the stock's appeal. The annualized dividend now stands at $2.60, offering a 3.4% yield.

    Show more
    Updated on 9/1/2026

    Community Trust Bancorp (CTBI) stock has gained about 15% since 5/31/2026 because of the following key factors:

    1. Community Trust Bancorp reported record-setting fiscal Q2 2026 earnings that significantly surpassed analyst expectations. The company announced record earnings for the second fiscal quarter of 2026 (ending June 30, 2026) on July 15, 2026. Earnings per share (EPS) reached $1.64, exceeding the consensus analyst estimate of $1.52 by $0.12, or 7.89%. Concurrently, revenue for fiscal Q2 2026 was reported at $78.49 million, also beating analyst estimates of $76.85 million. Net income for the quarter increased to $29.6 million from $24.9 million in fiscal Q2 2025. The company also demonstrated strong organic growth, with double-digit increases in both loans and deposits, and its net interest income grew by $6.8 million, or 12.7%, compared to the prior year's same quarter.

    2. The company announced a substantial increase in its cash dividend and a special one-time payout. On July 28, 2026, Community Trust Bancorp's Board of Directors increased its quarterly cash dividend to $0.65 per share, an increase of 22.6%. This marked the 46th consecutive year of dividend increases for the company. Additionally, the Board approved a one-time special cash dividend of $0.06 per share. This move signals financial strength and a commitment to shareholder returns, enhancing the stock's appeal. The annualized dividend now stands at $2.60, offering a 3.4% yield.

    3. Analyst firms issued positive ratings and increased price targets for CTBI. Following the strong earnings report, several financial institutions adjusted their outlook on Community Trust Bancorp. On July 16, 2026, Raymond James initiated coverage with an "Outperform" rating and a price target of $82.00. On the same day, Piper Sandler raised its price target to $81.00 from $76.00, while maintaining a "Neutral" rating. Weiss Ratings also upgraded the stock from a "buy (b+)" to a "buy (a-)" rating on August 13, 2026. The consensus among Wall Street analysts has been a "Moderate Buy" rating with an average price target of $81.50.

    4. Significant institutional investment by BlackRock Inc. demonstrated strong market confidence. In fiscal Q2 2026, BlackRock Inc. acquired a substantial new position in Community Trust Bancorp, purchasing 1.78 million shares. This significant investment was valued at approximately $129 million and represented a 9.82% stake in the company. Such a large investment from a prominent institutional investor typically reflects strong confidence in the company's financial health and future prospects.

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    Stock Movement Drivers

    Fundamental Drivers

    The 15.5% change in CTBI stock from 5/31/2026 to 9/19/2026 was primarily driven by a 10.5% change in the company's P/E Multiple.
    (LTM values as of)53120269192026Change
    Stock Price ($)65.7675.9315.5%
    Change Contribution By: 
    Total Revenues ($ Mil)2912992.8%
    Net Income Margin (%)35.5%36.1%1.7%
    P/E Multiple11.512.710.5%
    Shares Outstanding (Mil)1818-0.1%
    Cumulative Contribution15.5%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    5/31/2026 to 9/19/2026
    ReturnCorrelation
    CTBI15.5% 
    Market (SPY)0.9%4.7%
    Sector (XLF)8.3%49.4%

    Fundamental Drivers

    The 29.8% change in CTBI stock from 2/28/2026 to 9/19/2026 was primarily driven by a 18.1% change in the company's P/E Multiple.
    (LTM values as of)22820269192026Change
    Stock Price ($)58.5275.9329.8%
    Change Contribution By: 
    Total Revenues ($ Mil)2832995.8%
    Net Income Margin (%)34.7%36.1%4.1%
    P/E Multiple10.812.718.1%
    Shares Outstanding (Mil)1818-0.2%
    Cumulative Contribution29.8%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    2/28/2026 to 9/19/2026
    ReturnCorrelation
    CTBI29.8% 
    Market (SPY)11.6%18.7%
    Sector (XLF)9.2%48.5%

    Fundamental Drivers

    The 35.8% change in CTBI stock from 8/31/2025 to 9/19/2026 was primarily driven by a 15.4% change in the company's P/E Multiple.
    (LTM values as of)83120259192026Change
    Stock Price ($)55.9175.9335.8%
    Change Contribution By: 
    Total Revenues ($ Mil)26529912.9%
    Net Income Margin (%)34.6%36.1%4.6%
    P/E Multiple11.012.715.4%
    Shares Outstanding (Mil)1818-0.3%
    Cumulative Contribution35.8%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2025 to 9/19/2026
    ReturnCorrelation
    CTBI35.8% 
    Market (SPY)19.4%23.2%
    Sector (XLF)4.7%47.6%

    Fundamental Drivers

    The 142.7% change in CTBI stock from 8/31/2023 to 9/19/2026 was primarily driven by a 82.8% change in the company's P/E Multiple.
    (LTM values as of)83120239192026Change
    Stock Price ($)31.2975.93142.7%
    Change Contribution By: 
    Total Revenues ($ Mil)23229928.7%
    Net Income Margin (%)34.7%36.1%4.2%
    P/E Multiple6.912.782.8%
    Shares Outstanding (Mil)1818-1.0%
    Cumulative Contribution142.7%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2023 to 9/19/2026
    ReturnCorrelation
    CTBI142.7% 
    Market (SPY)75.6%38.9%
    Sector (XLF)69.8%58.9%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    CTBI Return22%10%-0%26%11%38%157%
    Peers Return34%6%-3%21%-0%26%110%
    S&P 500 Return27%-19%24%23%16%12%103%

    Monthly Win Rates [3]
    CTBI Win Rate58%42%42%50%67%78% 
    Peers Win Rate67%47%47%55%53%62% 
    S&P 500 Win Rate75%42%67%75%67%44% 

    Max Drawdowns [4]
    CTBI Max Drawdown-17%-13%-28%-13%-19%-11% 
    Peers Max Drawdown-20%-21%-33%-15%-21%-12% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: SYBT, WSBC, CHCO, GABC, FFBC.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 9/18/2026 (YTD)

    How Low Can It Go

    EventCTBIS&P 500
    2025 US Tariff Shock
      % Loss-16.9%-18.8%
      % Gain to Breakeven20.3%23.1%
      Time to Breakeven81 days79 days
    2023 SVB Regional Banking Crisis
      % Loss-23.1%-6.7%
      % Gain to Breakeven30.0%7.1%
      Time to Breakeven214 days31 days
    2020 COVID-19 Crash
      % Loss-31.7%-33.7%
      % Gain to Breakeven46.4%50.9%
      Time to Breakeven339 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-18.1%-19.2%
      % Gain to Breakeven22.1%23.8%
      Time to Breakeven312 days105 days
    2011 US Debt Ceiling Crisis & European Contagion
      % Loss-19.9%-17.9%
      % Gain to Breakeven24.9%21.8%
      Time to Breakeven24 days123 days
    2010 Eurozone Sovereign Debt Crisis / Flash Crash
      % Loss-17.9%-15.4%
      % Gain to Breakeven21.9%18.2%
      Time to Breakeven173 days125 days

    Compare to SYBT, WSBC, CHCO, GABC, FFBC

    In The Past

    Community Trust Bancorp's stock fell -16.9% during the 2025 US Tariff Shock. Such a loss loss requires a 20.3% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventCTBIS&P 500
    2023 SVB Regional Banking Crisis
      % Loss-23.1%-6.7%
      % Gain to Breakeven30.0%7.1%
      Time to Breakeven214 days31 days
    2020 COVID-19 Crash
      % Loss-31.7%-33.7%
      % Gain to Breakeven46.4%50.9%
      Time to Breakeven339 days140 days

    Compare to SYBT, WSBC, CHCO, GABC, FFBC

    In The Past

    Community Trust Bancorp's stock fell -16.9% during the 2025 US Tariff Shock. Such a loss loss requires a 20.3% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Community Trust Bancorp (CTBI)

    Community Trust Bancorp, Inc. (CTBI) is a bank holding company that operates Community Trust Bank, Inc., providing a full spectrum of commercial and personal banking services. Founded in 1903, the company serves as a community-focused financial institution for small and mid-sized communities.

    Its core offerings encompass a wide range of deposit products, including checking, savings, and money market accounts, alongside diverse lending solutions such as commercial, construction, mortgage, and personal loans. Beyond traditional banking, CTBI also provides lease-financing, asset-based financing, cash management services, and securities brokerage.

    Additionally, the company offers comprehensive trust and wealth management services, acting as a trustee for various trusts and estates, and as an investment agent. CTBI primarily operates in eastern, central, and southern Kentucky, southern West Virginia, and northeastern Tennessee, utilizing 79 banking locations and several dedicated trust offices to serve its local customer base.

    AI Analysis | Feedback

    A scaled-down version of a regional bank like PNC or U.S. Bank, providing full financial services to smaller communities in Kentucky, West Virginia, and Tennessee.

    Think of it as a community-focused Bank of America, offering comprehensive banking and trust services, but operating exclusively in parts of Kentucky, West Virginia, and Tennessee.

    AI Analysis | Feedback

    ```html
    • Deposit Accounts: Offers various checking, savings, money market, and time deposit accounts for individuals and businesses, including IRAs and Keogh plans.
    • Lending Services: Provides a range of commercial, construction, mortgage, personal, and real estate loans, as well as lease financing and lines of credit.
    • Trust and Wealth Management: Acts as a trustee for personal trusts and employee benefit trusts, executor of estates, and provides investment agency services.
    • Cash Management & Payment Services: Offers cash management solutions, safe deposit boxes, funds transfer, letters of credit, and digital banking services like mobile and internet banking.
    • Securities Brokerage: Provides services for buying and selling securities.
    • Annuity and Life Insurance Products: Sells annuity and life insurance products.
    • Repurchase Agreements: Engages in repurchase agreements.
    ```

    AI Analysis | Feedback

    Community Trust Bancorp (CTBI), as a community bank, serves a broad and diverse customer base within the small and mid-sized communities where it operates. It does not have a few "major customers" in the traditional sense of specific companies that account for a significant portion of its revenue. Instead, its customer base is composed of a large number of individuals, businesses, and local organizations. Therefore, the company's customers can be categorized as follows:

    1. Individual Consumers: This category includes individuals and families who utilize the bank's personal banking services such as checking accounts, savings accounts, money market accounts, individual retirement accounts, personal loans, mortgage loans, debit cards, wealth management, and personal trust services.
    2. Small and Mid-sized Businesses: This category encompasses local companies and enterprises that leverage CTBI's commercial banking services. These services include commercial loans, construction loans, lines of credit, lease-financing, asset-based financing, cash management, and trustee services for employee benefit trusts.
    3. Local Organizations and Institutions: This category refers to various non-profit organizations, local governmental entities, and other community-based institutions that use the bank's deposit services, funds transfer services, and specialized roles like acting as paying agent for bond and stock issues.

    AI Analysis | Feedback

    null

    AI Analysis | Feedback

    Mark A. Gooch, Chairman, President and CEO Mr. Gooch was appointed CEO in July 2021. He joined Community Trust Bancorp, Inc. (CTBI) in 1987, coinciding with the company's first acquisition (then known as Pikeville National Bank). Prior to becoming CEO of CTBI, he served as President and CEO of the company's primary subsidiary, Community Trust Bank, Inc., since July 1999. He also holds the titles of Chairman, President, and CEO of Community Trust Bancorp, Inc., and Chairman of both Community Trust Bank, Inc., and Community Trust and Investment Company.

    Kevin J. Stumbo, Executive Vice President, Chief Financial Officer, and Treasurer Mr. Stumbo has served as the Director of Finance/CFO since December 31, 2001. In addition to his roles at Community Trust Bancorp, Inc., he also holds the positions of Executive Vice President/CFO of Community Trust Bank, Inc. and Vice President of Community Trust and Investment Company.

    Richard W. Newsom, Executive Vice President Mr. Newsom is an Executive Vice President of Community Trust Bancorp, Inc. He also serves as Director and President of Community Trust Bank, Inc..

    Andy D. Waters, Executive Vice President Mr. Waters is an Executive Vice President of Community Trust Bancorp, Inc. and also serves as the President and Chief Executive Officer of Community Trust and Investment Company.

    Charles Wayne Hancock, II, Executive Vice President and Secretary Mr. Hancock serves as an Executive Vice President and the Secretary of Community Trust Bancorp, Inc. He is also the Chief Legal Officer for Community Trust Bank Inc..

    AI Analysis | Feedback

    The key risks to Community Trust Bancorp (CTBI) include:

    1. Market Concentration Risks: Community Trust Bancorp's operations are heavily concentrated in Kentucky, West Virginia, and Tennessee. This geographic concentration exposes the company to local economic downturns and industry-specific risks within these regions, such as the declining coal industry. Additionally, a significant portion of its loan portfolio, approximately 70%, is secured by real estate, with 42% consisting of commercial real estate, heightening its vulnerability to real estate market fluctuations.
    2. Interest Rate Risk: As a financial institution, Community Trust Bancorp is significantly exposed to adverse changes in net interest income due to fluctuations in interest rates. Interest rate risk is considered one of its most significant market risks, and effective management of this exposure is crucial for the consistency of its net interest revenue.
    3. Regulatory, Cybersecurity, and Technological Competition Risks: The banking industry is subject to stringent regulatory requirements, and changes in these regulations or capital requirements could negatively impact CTBI's profitability and operational flexibility. Furthermore, the company faces growing cybersecurity threats, which could lead to disruptions and financial liabilities from data breaches or system failures. Community Trust Bancorp also faces challenges in keeping pace with rapid technological advancements and intense competition from larger financial institutions and non-bank entities that leverage technology, potentially eroding its market share and competitive advantage if not addressed proactively.

    AI Analysis | Feedback

    The clear emerging threat for Community Trust Bancorp (CTBI) is the ongoing disruption from financial technology (fintech) companies, specifically the rise of neo-banks and online lending platforms. Neo-banks offer fully digital banking services, including checking and savings accounts, often with lower fees and enhanced mobile experiences, directly challenging CTBI's traditional deposit-gathering and consumer banking services. Online lending platforms provide faster, technology-driven origination for personal, small business, and even mortgage loans, bypassing the need for physical branches and directly competing with CTBI's core lending products. These fintech innovations provide more convenient, and often lower-cost, alternatives that erode the traditional value proposition of community banks reliant on physical branch networks and relationship banking.

    AI Analysis | Feedback

    Community Trust Bancorp (CTBI) operates in regions including Kentucky, West Virginia, and Tennessee. Based on available data, the addressable markets for some of their main products and services in these regions are as follows:

    Kentucky

    • Total Deposits: The total deposits in banks across Kentucky were approximately $116 billion in 2024.
    • Commercial Banking Industry: The market size for the Commercial Banking industry in Kentucky is projected to be $13.3 billion in 2026. This includes consumer, commercial, and industrial loans, and the acceptance of deposits.
    • New Home Loans (Mortgage): Approximately $8.9 billion in new home loans were originated in Kentucky in 2024.
    • Small Business Loans: The market for small business loans in Kentucky amounted to approximately $7.2 billion in 2024.

    West Virginia

    • Total Deposits/Banking Assets: The total assets across banks in West Virginia were approximately $50.81 billion as of June 30, 2025. This serves as an indicator of the overall banking market size.
    • Commercial Banking Industry: Commercial Banking in West Virginia is reported to have generated $4.6 billion in revenue, making it the 8th largest industry by revenue in the state. The market size has been growing at an average annual rate of 8.0% from 2020 to 2025.

    Tennessee

    • Total Deposits: The total deposits in banks across Tennessee were approximately $223 billion in 2024.
    • Commercial Banking Industry: The market size for the Commercial Banking industry in Tennessee is projected to be $23.0 billion in 2026. This industry includes receiving deposits from customers and issuing consumer, commercial, and industrial loans.
    • New Home Loans (Mortgage): Approximately $23.3 billion in new home loans were originated in Tennessee in 2024.
    • Small Business Loans: The market for small business loans in Tennessee amounted to approximately $14.7 billion in 2024.
    • Commercial Leasing Industry: The market size of the Commercial Leasing industry in Tennessee is projected to be $3.9 billion in 2026.

    AI Analysis | Feedback

    Community Trust Bancorp (CTBI) is expected to drive future revenue growth over the next 2-3 years through several key strategies inherent to its community banking model:

    1. Growth in Loan Portfolio: The company has demonstrated consistent expansion in its loan portfolio, particularly in commercial and residential real estate segments. This growth directly contributes to increased interest income, a primary component of the bank's total revenue. For example, Community Trust Bancorp reported a 10.3% year-over-year increase in its loan portfolio in the second quarter of 2025 and a 9.1% increase for the full year 2025.
    2. Net Interest Margin Expansion: Enhancing the net interest margin (NIM) is a critical driver for increasing net interest income. Community Trust Bancorp has consistently reported improvements in its net interest margin, driven by a higher yield on earning assets. Analysts also view the ability to expand NIM as crucial for the bank to meet or exceed future performance expectations.
    3. Deposit Growth: A robust and growing deposit base provides a stable and cost-effective funding source for the bank's lending activities. Sustained growth in deposits enables the company to support its loan portfolio expansion and optimize its cost of funds, thereby bolstering net interest income. The company reported a 10.0% year-over-year increase in deposits in Q2 2025 and a 7.3% rise for the full year 2025.
    4. Expansion of Trust and Wealth Management Services: Community Trust Bancorp offers a range of non-interest income generating services, including trust and wealth management. Increased revenue from these services, which has been consistently reported, diversifies the company's income streams beyond traditional lending and deposit-taking activities. For instance, trust revenue has been cited as a contributing factor to increases in noninterest income across multiple reporting periods.

    AI Analysis | Feedback

    Capital Expenditures

    • Community Trust Bancorp continued to invest in technology, cybersecurity, and branch optimization in 2025.
    • The company expanded its banking locations by opening new branches in Florence, Kentucky, and Elizabethtown, Kentucky during 2024.
    • As of January 30, 2026, Community Trust Bank, Inc., a subsidiary, reported $67.00 million in Bank Premises and Fixed Assets.

    Peer Outperformance in Regional Banks

    CTBI has outperformed 89% of its 264 Regional Banks peers over 5Y. Regional Banks ranks 6th of 18 industries in Financials by median 5Y return.
    Share of Regional Banks constituents that CTBI has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    79%
    of 288 industry peers · 39.1% return
    3Y
    90%
    of 277 industry peers · 148.2% return
    5Y
    89%
    of 264 industry peers · 137.4% return
    No Regional Banks peer with a comparable growth profile has beaten CTBI by more than 20pp over 5Y.
    Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is CTBI's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Reinsurance 6 24.2%69.4%131.5% SPNT 168% · RGA 148% · RNR 137%
    Investment Banking & Brokerage 13 -1.7%101.3%116.9% IBKR 524% · SNEX 253% · HOOD 194%
    Diversified Banks 12 27.5%126.2%116.7% CM 161% · JPM 159% · RY 148%
    Life & Health Insurance 20 8.6%55.4%105.0% JXN 545% · UNM 364% · FG 207%
    Multi-Sector Holdings 4 6.8%48.5%85.7% JONE 361% · BRK-B 86% · VOYA 85%
    Regional Banks ← 265 23.9%90.9%67.3% ESQ 387% · GCBC 342% · VBNK 335%
    Property & Casualty Insurance 42 9.6%65.9%66.8% ASIC 2760900% · HRTG 460% · UVE 321%
    Multi-line Insurance 9 8.8%72.1%63.7% GNW 197% · L 110% · SLF 103%
    Financial Exchanges & Data 15 -0.1%13.1%32.9% VIRT 183% · CBOE 139% · CME 81%
    Diversified Financial Services 4 -7.3%16.8%32.0% FRHC 173% · EQH 118% · TMS -54%
    Consumer Finance 30 1.7%85.7%29.3% ENVA 458% · EZPW 338% · FCFS 169%
    Insurance Brokers 16 -15.1%-6.9%20.9% LIFE 252% · ARX 87% · AJG 73%
    Asset Management & Custody Banks 84 -11.7%15.2%12.8% WT 338% · SII 278% · VCTR 273%
    Commercial & Residential Mortgage Finance 14 -50.2%26.4%12.3% FNMA 473% · FMCC 441% · ACT 206%
    Specialized Finance 3 14.0%37.3%-3.4% EFC 27% · CACC -3% · HASI -15%
    Mortgage REITs 33 -13.0%4.7%-15.7% NREF 53% · RITM 42% · DX 34%
    Transaction & Payment Processing Services 15 -1.0%-8.4%-44.2% V 74% · MA 71% · CPAY 56%
    Diversified Capital Markets 20 -36.3%17.2%-56.0% OPY 197% · LPLA 135% · GOLD 94%
    Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

    Latest Trefis Analyses

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    More From Trefis

    Research & Analysis

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    Wealth Management

    Peer Comparisons

    Peers to compare with:

    Financials

    CTBISYBTWSBCCHCOGABCFFBCMedian
    NameCommunit.Stock Ya.Wesbanco City German A.First Fi. 
    Mkt Price75.9379.3739.37143.2149.1332.0962.53
    Mkt Cap1.42.43.82.01.83.32.2
    Rev LTM2994151,052314386996401
    Op Inc LTM-------
    FCF LTM130147394139182756165
    FCF 3Y Avg106137256132130437134
    CFO LTM136161396142190792175
    CFO 3Y Avg113147266135135463141

    Growth & Margins

    CTBISYBTWSBCCHCOGABCFFBCMedian
    NameCommunit.Stock Ya.Wesbanco City German A.First Fi. 
    Rev Chg LTM12.9%13.0%38.0%7.3%29.2%16.9%15.0%
    Rev Chg 3Y Avg8.9%7.6%21.3%4.0%17.4%6.9%8.3%
    Rev Chg Q11.8%17.4%5.5%4.1%11.2%15.3%11.5%
    QoQ Delta Rev Chg LTM2.8%4.2%1.4%1.0%2.7%3.6%2.8%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM45.5%38.7%37.7%45.4%49.1%79.5%45.5%
    CFO/Rev 3Y Avg42.2%39.7%32.7%45.7%44.8%50.2%43.5%
    FCF/Rev LTM43.6%35.5%37.5%44.2%47.2%75.9%43.9%
    FCF/Rev 3Y Avg39.3%36.8%31.3%44.8%43.0%47.4%41.2%

    Valuation

    CTBISYBTWSBCCHCOGABCFFBCMedian
    NameCommunit.Stock Ya.Wesbanco City German A.First Fi. 
    Mkt Cap1.42.43.82.01.83.32.2
    P/S4.65.83.66.44.83.34.7
    P/Op Inc-------
    P/EBIT-------
    P/E12.716.210.615.313.011.712.8
    P/CFO10.115.09.514.19.74.29.9
    Total Yield10.7%7.8%13.1%9.0%10.1%11.6%10.4%
    Dividend Yield2.8%1.6%3.7%2.4%2.4%3.0%2.6%
    FCF Yield 3Y Avg10.5%6.9%9.3%7.6%9.0%15.6%9.1%
    D/E0.10.10.50.10.10.30.1
    Net D/E-0.4-0.20.2-0.4-0.6-1.1-0.4

    Returns

    CTBISYBTWSBCCHCOGABCFFBCMedian
    NameCommunit.Stock Ya.Wesbanco City German A.First Fi. 
    1M Rtn0.5%-3.3%-2.8%-0.5%-1.6%-1.8%-1.7%
    3M Rtn12.1%8.5%9.5%13.4%9.9%2.3%9.7%
    6M Rtn31.8%26.9%21.3%24.1%22.8%22.1%23.4%
    12M Rtn39.1%6.9%27.3%17.7%23.8%26.1%24.9%
    3Y Rtn148.2%100.2%88.7%76.6%95.3%83.3%92.0%
    1M Excs Rtn1.4%-2.4%-2.7%0.8%-0.0%-1.0%-0.5%
    3M Excs Rtn10.1%6.5%7.5%11.4%7.9%0.3%7.7%
    6M Excs Rtn15.2%10.8%5.2%7.2%9.2%6.3%8.2%
    12M Excs Rtn24.2%-7.5%16.0%2.7%9.0%14.2%11.6%
    3Y Excs Rtn70.3%27.9%12.8%0.4%16.8%6.2%14.8%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date8/7/20265/8/20262/27/202611/7/20258/8/20255/9/20252/28/202511/8/20248/8/20245/9/20242/28/202411/8/2023
    Key Financials Quarterly            
    Total Revenue787475727066666361595759
    Net Income302727242522222219191921
    EPS1.641.511.511.331.381.221.251.231.091.041.041.15
    Key Financials TTM            
    Total Revenue TTM299291283274265256249240235232231233
    Net Income TTM10810398939286837977777882
    Growth Rates Quarterly            
    Total Revenue Growth11.8%12.1%13.8%13.9%14.4%12.7%15.9%7.0%6.1%2.0%-3.1%0.7%
    Net Income Growth19.0%23.8%21.3%8.0%27.7%17.6%20.5%7.3%0.5%-3.3%-16.9%6.5%
    Margins Quarterly            
    Net Income Margin37.7%36.6%36.5%33.4%35.5%33.2%34.2%35.3%31.8%31.8%32.9%35.2%
    Cash & Debt            
    Total Cash6565365701,1359859335701,3391,2521,4051,4351,355
    Total Debt808080818081808080818181
    Net Debt / (Cash)-577-456-489-1,054-905-853-491-1,259-1,172-1,324-1,354-1,274
    Cash Flows Quarterly            
    FCF from Operations443915381637223720262025
    Cash Flows TTM            
    FCF from Operations TTM13610810511211211610510391878693
    Returns to Shareholders Quarterly            
    Dividends1010101088888888
    Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
    Return on Invested Capital (ROIC) Quarterly            
    ROIC------------
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM------------

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Community banking services288254236257224
    Holding Company1028581  
    Eliminations-107-90-86  
    Total283249231257224


    Net Income by Segment
    $ Mil2025202420232022
    Community banking services100888386
    Holding Company988378 
    Eliminations-100-88-83 
    Total98837886


    Assets by Segment
    $ Mil20252024
    Community banking services6,6776,187
    Holding company assets922823
    Elimination of subsidiary and parent cash and intercompany receivables-4-4
    Elimination of investment in subsidiaries-911-812
    Total6,6846,193


    Price Behavior

    Price Behavior
    Market Price$75.93 
    Market Cap ($ Bil)1.4 
    First Trading Date05/17/1993 
    Distance from 52W High-3.6% 
       50 Days200 Days
    DMA Price$76.10$65.58
    DMA Trendupup
    Distance from DMA-0.2%15.8%
     3M1YR
    Volatility18.2%25.1%
    Downside Capture10.1335.20
    Upside Capture69.6367.81
    Correlation (SPY)10.9%23.3%
    CTBI Betas & Captures as of 8/31/2026

     1M2M3M6M1Y3Y
    Beta0.340.330.010.260.450.70
    Up Beta0.87-0.11-0.72-0.030.470.71
    Down Beta-0.31-0.51-0.23-0.060.290.62
    Up Capture-13%75%65%65%53%60%
    Bmk +ve Days10213268138427
    Stock +ve Days10244074139393
    Down Capture58%71%3%26%45%85%
    Bmk -ve Days11213259113324
    Stock -ve Days11182453112355

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with CTBI
    CTBI40.3%25.2%1.29-
    Sector ETF (XLF)4.5%14.6%0.0848.1%
    Equity (SPY)16.9%12.9%0.9423.3%
    Gold (GLD)19.1%29.3%0.60-6.2%
    Commodities (DBC)46.3%20.6%1.73-20.1%
    Real Estate (VNQ)4.9%13.6%0.1034.5%
    Bitcoin (BTCUSD)-30.6%44.3%-0.709.6%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with CTBI
    CTBI18.4%26.0%0.63-
    Sector ETF (XLF)10.1%18.4%0.4157.8%
    Equity (SPY)12.9%17.2%0.5741.1%
    Gold (GLD)19.1%18.8%0.83-3.5%
    Commodities (DBC)11.2%19.5%0.453.6%
    Real Estate (VNQ)1.1%18.8%-0.0541.8%
    Bitcoin (BTCUSD)12.5%52.5%0.4218.3%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with CTBI
    CTBI11.6%29.2%0.42-
    Sector ETF (XLF)12.9%22.1%0.5370.3%
    Equity (SPY)15.1%18.0%0.7252.8%
    Gold (GLD)12.1%16.4%0.61-6.8%
    Commodities (DBC)8.3%18.1%0.3715.6%
    Real Estate (VNQ)4.4%20.7%0.1849.3%
    Bitcoin (BTCUSD)62.6%66.2%1.0216.2%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date8312026
    Short Interest: Shares Quantity0.5 Mil
    Short Interest: % Change Since 8152026-7.7%
    Average Daily Volume0.1 Mil
    Days-to-Cover Short Interest5.2 days
    Basic Shares Quantity18.1 Mil
    Short % of Basic Shares3.0%

    Returns Analyses

    Earnings Returns History

    Updated 9/9/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/15/20263.8%4.0%8.4%
    4/15/20262.7%1.1%0.2%
    1/21/202610.1%4.0%5.9%
    10/15/2025-5.3%-6.4%-3.4%
    7/16/20253.8%5.3%5.0%
    4/16/20251.1%4.7%13.0%
    1/15/20252.3%1.0%5.5%
    10/16/20243.2%2.1%17.1%
    ...
    SUMMARY STATS   
    # Positive171614
    # Negative679
    Median Positive2.2%2.8%6.5%
    Median Negative-1.9%-2.2%-2.8%
    Max Positive10.1%8.7%17.1%
    Max Negative-7.7%-8.7%-6.0%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/15/20263.8%4.0%8.4%
    4/15/20262.7%1.1%0.2%
    1/21/202610.1%4.0%5.9%
    10/15/2025-5.3%-6.4%-3.4%
    7/16/20253.8%5.3%5.0%
    4/16/20251.1%4.7%13.0%
    1/15/20252.3%1.0%5.5%
    10/16/20243.2%2.1%17.1%
    7/17/20243.3%4.8%-4.9%
    4/17/20240.3%8.7%11.4%
    1/17/2024-1.5%2.5%-1.7%
    10/18/20230.6%3.1%15.4%
    7/19/20231.7%-2.2%-2.8%
    4/19/20231.2%-3.4%-1.4%
    1/18/2023-7.7%-8.7%-6.0%
    10/19/2022-0.6%6.4%7.0%
    4/20/20222.5%-0.7%-1.4%
    1/19/2022-1.8%-0.7%-4.4%
    10/20/20211.5%2.1%3.5%
    7/21/20211.0%1.3%4.5%
    4/21/20212.2%2.3%1.8%
    1/20/2021-2.1%-1.9%-2.4%
    10/21/20202.1%1.1%12.0%
    SUMMARY STATS   
    # Positive171614
    # Negative679
    Median Positive2.2%2.8%6.5%
    Median Negative-1.9%-2.2%-2.8%
    Max Positive10.1%8.7%17.1%
    Max Negative-7.7%-8.7%-6.0%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202608/07/202610-Q
    03/31/202605/08/202610-Q
    12/31/202502/27/202610-K
    09/30/202511/07/202510-Q
    06/30/202508/08/202510-Q
    03/31/202505/09/202510-Q
    12/31/202402/28/202510-K
    09/30/202411/08/202410-Q
    06/30/202408/08/202410-Q
    03/31/202405/09/202410-Q
    12/31/202302/28/202410-K
    09/30/202311/08/202310-Q
    06/30/202308/08/202310-Q
    03/31/202305/09/202310-Q
    12/31/202202/28/202310-K
    09/30/202211/08/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202608/07/202610-Q
    03/31/202605/08/202610-Q
    12/31/202502/27/202610-K
    09/30/202511/07/202510-Q
    06/30/202508/08/202510-Q
    03/31/202505/09/202510-Q
    12/31/202402/28/202510-K
    09/30/202411/08/202410-Q
    06/30/202408/08/202410-Q
    03/31/202405/09/202410-Q
    12/31/202302/28/202410-K
    09/30/202311/08/202310-Q
    06/30/202308/08/202310-Q
    03/31/202305/09/202310-Q
    12/31/202202/28/202310-K
    09/30/202211/08/202210-Q
    06/30/202208/08/202210-Q
    03/31/202205/09/202210-Q
    12/31/202102/28/202210-K
    09/30/202111/08/202110-Q
    06/30/202108/09/202110-Q
    03/31/202105/07/202110-Q
    12/31/202002/26/202110-K
    09/30/202011/09/202010-Q
    06/30/202008/07/202010-Q
    03/31/202005/08/202010-Q
    12/31/201902/28/202010-K
    09/30/201911/08/201910-Q

    Insider Activity

    Updated 7/17/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Sparkman, Ricky DExecutive Vice PresidentDirectBuy316202658.50844,9144,914Form
    2Waters, Andy DExecutive Vice PresidentDirectSell819202556.1891851,57435,506Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Sparkman, Ricky DExecutive Vice PresidentDirectBuy316202658.50844,9144,914Form
    2Waters, Andy DExecutive Vice PresidentDirectSell819202556.1891851,57435,506Form

    Investor Activity (13F)

    Updated Sep 20, 2026
    13F holdings as of Mar 31, 2026 (Q1 2026)

    Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Lone Peak Global Investors LLC$17.2 Mil2.9%42Hold13F
    Active Manager
    Active Manager
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Lone Peak Global Investors LLC$17.2 Mil2.9%42Hold13F

    Industry Resources

    External Quote Links


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