Community Trust Bancorp, Inc. (CTBI)

Community Trust Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	265.7	230.84	169.89	160.2	160.83	164.99
Interest Income on Investments	39.09	37.81	27.86	17.97	15.62	20.41
Total Interest Income	304.79	268.65	197.74	178.17	176.44	185.4
Interest Paid on Deposits	110.2	81.17	24.07	12.75	21.18	33.37
Interest Paid on Borrowings	15.15	14.37	4.57	2.34	4.27	7.14
Total Interest Expense	125.35	95.54	28.64	15.09	25.45	40.51
Net Interest Income	179.44	173.11	169.1	163.08	150.99	144.89
Net Interest Income Growth (YoY)	2.61%	2.37%	3.69%	8.01%	4.21%	1.92%
Trust Income	14.28	13.03	12.39	12.64	10.93	10.8
Gain (Loss) on Sale of Investments	-2.27	-1.64	-3.02	-3.51	-1.99	-2.64
Other Non-Interest Income	15.67	13.31	15.12	14.63	11.17	10.36
Total Non-Interest Income	57.49	55.02	55.06	57.11	50.8	46.76
Non-Interest Income Growth (YoY)	0.83%	-0.08%	-3.59%	12.42%	8.64%	-5.39%
Revenues Before Loan Losses	236.94	228.13	224.17	220.19	201.79	191.65
Provision for Loan Losses	10.18	6.81	4.91	-6.39	16.05	4.82
Revenue	226.76	221.32	219.26	226.58	185.75	186.83
Revenue Growth (YoY)	0.62%	0.94%	-3.23%	21.98%	-0.58%	0.76%
Salaries and Employee Benefits	74.43	70.34	69.42	71.46	63.68	60.47
Occupancy Expenses	7.41	6.92	6.46	8.31	7.91	7.85
Federal Deposit Insurance	2.57	2.48	1.45	1.38	1.06	0.27
Selling, General & Administrative	25.66	24.59	23.04	19.36	20.13	20.42
Other Non-Interest Expense	14.85	17.54	16.85	13.67	19.33	19.31
Total Non-Interest Expense	126.14	122.75	118.22	115.93	115.48	114.84
EBT Excluding Unusual Items	100.61	98.57	101.04	110.64	70.27	71.99
Pretax Income	100.61	98.57	101.04	110.64	70.27	71.99
Income Tax Expense	21.63	20.56	19.23	22.7	10.76	7.45
Net Income	78.98	78	81.81	87.94	59.5	64.54
Net Income to Common	78.98	78	81.81	87.94	59.5	64.54
Net Income Growth	-3.43%	-4.66%	-6.97%	47.79%	-7.80%	8.97%
Basic Shares Outstanding	18	18	18	18	18	18
Diluted Shares Outstanding	18	18	18	18	18	18
Shares Change (YoY)	0.38%	0.27%	0.26%	0.27%	0.09%	0.21%
EPS (Basic)	4.40	4.36	4.59	4.94	3.35	3.64
EPS (Diluted)	4.40	4.36	4.58	4.94	3.35	3.64
EPS Growth	-3.71%	-4.80%	-7.29%	47.46%	-7.97%	8.70%
Dividend Per Share	1.850	1.800	1.680	1.570	1.530	1.480
Dividend Growth	3.93%	7.14%	7.01%	2.61%	3.38%	7.25%
Effective Tax Rate	21.50%	20.86%	19.03%	20.52%	15.31%	10.35%

Source: S&P Capital IQ. Banks template. Financial Sources.