Community Trust Bancorp, Inc. Reports Earnings for the 3rd Quarter 2022

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[{"type":"text","content":" PIKEVILLE, Ky.--(BUSINESS WIRE)-- Community Trust Bancorp, Inc. (NASDAQ:CTBI):\n\n\nEarnings Summary\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n(in thousands except per share data)\n\n\n\n3Q\n\n\n2022\n\n\n\n2Q\n\n\n2022\n\n\n\n3Q\n\n\n2021\n\n\n\nYTD\n\n\n2022\n\n\n\nYTD\n\n\n2021\n\n\n\n\n\nNet income\n\n\n\n$19,372\n\n\n\n$20,271\n\n\n\n$21,142\n\n\n\n$59,371\n\n\n\n$68,691\n\n\n\n\n\nEarnings per share\n\n\n\n$1.09\n\n\n\n$1.14\n\n\n\n$1.19\n\n\n\n$3.33\n\n\n\n$3.86\n\n\n\n\n\nEarnings per share - diluted\n\n\n\n$1.08\n\n\n\n$1.14\n\n\n\n$1.19\n\n\n\n$3.33\n\n\n\n$3.86\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nReturn on average assets\n\n\n\n1.40%\n\n\n\n1.49%\n\n\n\n1.54%\n\n\n\n1.46%\n\n\n\n1.71%\n\n\n\n\n\nReturn on average equity\n\n\n\n12.08%\n\n\n\n12.75%\n\n\n\n12.06%\n\n\n\n12.20%\n\n\n\n13.55%\n\n\n\n\n\nEfficiency ratio\n\n\n\n53.70%\n\n\n\n53.77%\n\n\n\n53.50%\n\n\n\n53.58%\n\n\n\n52.35%\n\n\n\n\n\nTangible common equity\n\n\n\n9.93%\n\n\n\n10.53%\n\n\n\n11.77%\n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nDividends declared per share\n\n\n\n$0.44\n\n\n\n$0.40\n\n\n\n$0.40\n\n\n\n$1.24\n\n\n\n$1.17\n\n\n\n\n\nBook value per share\n\n\n\n$33.66\n\n\n\n$35.32\n\n\n\n$38.78\n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nWeighted average shares\n\n\n\n17,841\n\n\n\n17,835\n\n\n\n17,790\n\n\n\n17,832\n\n\n\n17,783\n\n\n\n\n\nWeighted average shares - diluted\n\n\n\n17,857\n\n\n\n17,843\n\n\n\n17,808\n\n\n\n17,844\n\n\n\n17,798\n\n\n\n\nCommunity Trust Bancorp, Inc. (NASDAQ-CTBI) achieved earnings for the third quarter 2022 of $19.4 million, or $1.09 per basic share, compared to $20.3 million, or $1.14 per basic share, earned during the second quarter 2022 and $21.1 million, or $1.19 per basic share, earned during the third quarter 2021. Total revenue was $2.9 million above prior quarter and $1.8 million above prior year same quarter. Net interest revenue increased $2.7 million compared to prior quarter and $1.5 million compared to prior year same quarter, and noninterest income increased $0.2 million compared to prior quarter and $0.3 million compared to prior year same quarter. Provision for credit losses for the quarter was $2.4 million, compared to provision of $0.1 million for the quarter ended June...

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