Community Trust Bancorp, Inc. Reports Record Earnings for the Year 2019

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[{"type":"text","content":" PIKEVILLE, Ky.--(BUSINESS WIRE)--\nCommunity Trust Bancorp, Inc. (NASDAQ:CTBI):\n\n\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\n \n\n\n\n\n\n(in thousands except per share data)\n\n\n \n\n4Q\n\n\n2019\n\n\n \n\n3Q\n\n\n2019\n\n\n \n\n4Q\n\n\n2018\n\n\n \n\nYear\n\n\n2019\n\n\n \n\nYear\n\n\n2018\n\n\n\n\n\nNet income\n\n\n \n\n$16,008\n\n\n \n\n$15,269\n\n\n \n\n$15,709\n\n\n \n\n$64,540\n\n\n \n\n$59,228\n\n\n\n\n\nEarnings per share\n\n\n \n\n$0.90\n\n\n \n\n$0.86\n\n\n \n\n$0.89\n\n\n \n\n$3.64\n\n\n \n\n$3.35\n\n\n\n\n\nEarnings per share - diluted\n\n\n \n\n$0.90\n\n\n \n\n$0.86\n\n\n \n\n$0.89\n\n\n \n\n$3.64\n\n\n \n\n$3.35\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\nReturn on average assets\n\n\n \n\n1.46%\n\n\n \n\n1.40%\n\n\n \n\n1.48%\n\n\n \n\n1.49%\n\n\n \n\n1.41%\n\n\n\n\n\nReturn on average equity\n\n\n \n\n10.35%\n\n\n \n\n10.02%\n\n\n \n\n11.16%\n\n\n \n\n10.84%\n\n\n \n\n10.83%\n\n\n\n\n\nEfficiency ratio\n\n\n \n\n58.88%\n\n\n \n\n61.16%\n\n\n \n\n58.04%\n\n\n \n\n60.70%\n\n\n \n\n60.17%\n\n\n\n\n\nTangible common equity\n\n\n \n\n12.78%\n\n\n \n\n12.64%\n\n\n \n\n12.06%\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 \n\n \n\n\n\n\n\nDividends declared per share\n\n\n \n\n$0.38\n\n\n \n\n$0.38\n\n\n \n\n$0.36\n\n\n \n\n$1.48\n\n\n \n\n$1.38\n\n\n\n\n\nBook value per share\n\n\n \n\n$34.56\n\n\n \n\n$34.06\n\n\n \n\n$31.81\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 \n\n \n\n\n\n\n\nWeighted average shares\n\n\n \n\n17,737\n\n\n \n\n17,726\n\n\n \n\n17,696\n\n\n \n\n17,724\n\n\n \n\n17,687\n\n\n\n\n\nWeighted average shares - diluted\n\n\n \n\n17,760\n\n\n \n\n17,743\n\n\n \n\n17,714\n\n\n \n\n17,740\n\n\n \n\n17,703\n\n\n\n\n\nCommunity Trust Bancorp, Inc. (NASDAQ:CTBI) reports earnings for the fourth quarter 2019 of $16.0 million, or $0.90 per basic share, compared to $15.3 million, or $0.86 per basic share, earned during the third quarter 2019 and $15.7 million, or $0.89 per basic share, earned during the fourth quarter 2018. Earnings for the year ended December 31, 2019 were a record $64.5 million, or $3.64 per basic share, compared to $59.2 million, or $3.35 per basic share, earned during the year ended December 31, 2018. The increase in ear...

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