Community Trust Bancorp: Fourth Quarter Earnings Overview

Community Trust Bancorp Announces Fourth Quarter Results

Community Trust Bancorp Inc., headquartered in Pikeville, Kentucky, revealed on Wednesday that its net income for the fourth quarter reached $27.3 million.

The financial institution reported earnings of $1.51 per share for the quarter.

As the parent company of Community Trust Bank, it recorded total revenue of $106.1 million during this period. After accounting for interest expenses, net revenue stood at $74.7 million, surpassing analysts’ expectations.

For the full year, Community Trust Bancorp achieved a profit of $98.1 million, translating to $5.43 per share, with annual revenue totaling $282.6 million.