Community Trust Bancorp, Inc. Reports Record Earnings for the Year 2021

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[{"type":"text","content":" PIKEVILLE, Ky.--(BUSINESS WIRE)--\nCommunity Trust Bancorp, Inc. (NASDAQ:CTBI):\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\n(in thousands except per share data)\n\n\n\n\n4Q\n\n\n2021\n\n\n\n\n3Q\n\n\n2021\n\n\n\n\n4Q\n\n\n2020\n\n\n\n\nYTD\n\n\n2021\n\n\n\n\nYear\n\n\n2020\n\n\n\n\n\n\nNet income\n\n\n\n\n$19,248\n\n\n\n\n$21,142\n\n\n\n\n$15,826\n\n\n\n\n$87,939\n\n\n\n\n$59,504\n\n\n\n\n\n\nEarnings per share\n\n\n\n\n$1.08\n\n\n\n\n$1.19\n\n\n\n\n$0.89\n\n\n\n\n$4.94\n\n\n\n\n$3.35\n\n\n\n\n\n\nEarnings per share - diluted\n\n\n\n\n$1.08\n\n\n\n\n$1.19\n\n\n\n\n$0.89\n\n\n\n\n$4.94\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\n\n\nReturn on average assets\n\n\n\n\n1.41%\n\n\n\n\n1.54%\n\n\n\n\n1.24%\n\n\n\n\n1.63%\n\n\n\n\n1.23%\n\n\n\n\n\n\nReturn on average equity\n\n\n\n\n10.94%\n\n\n\n\n12.06%\n\n\n\n\n9.64%\n\n\n\n\n12.88%\n\n\n\n\n9.36%\n\n\n\n\n\n\nEfficiency ratio\n\n\n\n\n55.40%\n\n\n\n\n53.50%\n\n\n\n\n62.75%\n\n\n\n\n53.11%\n\n\n\n\n58.30%\n\n\n\n\n\n\nTangible common equity\n\n\n\n\n11.82%\n\n\n\n\n11.77%\n\n\n\n\n11.62%\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\n\n\nDividends declared per share\n\n\n\n\n$0.400\n\n\n\n\n$0.400\n\n\n\n\n$0.385\n\n\n\n\n$1.570\n\n\n\n\n$1.530\n\n\n\n\n\n\nBook value per share\n\n\n\n\n$39.13\n\n\n\n\n$38.78\n\n\n\n\n$36.77\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\n\n\n \n\n\n\n\n\n\nWeighted average shares\n\n\n\n\n17,796\n\n\n\n\n17,790\n\n\n\n\n17,755\n\n\n\n\n17,786\n\n\n\n\n17,748\n\n\n\n\n\n\nWeighted average shares - diluted\n\n\n\n\n17,820\n\n\n\n\n17,808\n\n\n\n\n17,769\n\n\n\n\n17,804\n\n\n\n\n17,756\n\n\n\n\n\nCommunity Trust Bancorp, Inc. (NASDAQ-CTBI) achieved earnings for the fourth quarter 2021 of $19.2 million, or $1.08 per basic share, compared to $21.1 million, or $1.19 per basic share, earned during the third quarter 2021 and $15.8 million, or $0.89 per basic share, earned during the fourth quarter 2020. Noninterest income increased quarter over quarter; however, our total revenue declined primarily as a result of a $1.8 million decline in interest income on Paycheck Protection Program loans (PPP loans). Earnings for the year ended December 31, 2021 were $87.9 million c...

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