Community Trust Bancorp, Inc. · NASDAQ:CTBI
Community Trust Bancorp — Investor Presentation (September 2026)
41 slides from Community Trust Bancorp's investor presentation, Sep 9, 2026
Slide 1: 2026 Investor Presentation
Slide 2: Cautionary Statement
Cautionary Statement Information provided herein by CTBI contains “forward- looking” information. CTBI cautions that any forward- looking statements made are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements. Please refer
Slide 3: Key Metrics
Key Metrics " Total Assets $7.0 billion = Market Capitalization $1.3 billion = Cash Dividend Yield 2.93% « P/E Ratio 11.4x * Price to Book Value 1.5x « Price to Tangible Book Value 1.6x " Tangible Common Equity Ratio 11.93% = Competitive Position > va 3'4 largest Kentucky domiciled bank holding comp
Slide 4: Corporate History
Corporate History 1903 Pikeville National bank formed 1987-2005 Acquired 14 banks and purchased 17 branch locations 1997 Changed name to Community Trust Bancorp, Inc. 2010 Acquired LaFollette First National Corporation Presently Two operational subsidiaries~ Community Trust Bank, Inc. and Community
Slide 5: Our Banking Franchise
Our Banking Franchise Serving customers in 78 locations in 37 counties throughout Kentucky, Tennessee, and West Virginia, including 5 trust offices in Kentucky and Tennessee @ Community Trust Bank Branch Office @ Community Trust & Investment Office i Community Trust Bank Central Region © Community T
Slide 6: Our Banking Franchise
Our Banking Franchise Central Region Loans - $1.2 billion Deposits - $1.6 billion Danville Lexington Mt. Sterling Richmond Versailles Winchester South Central Region Loans - $1.3 billion Deposits - $1.3 billion Campbellsville LaFollette Middlesboro Mt. Vernon Williamsburg Eastern Region Northeastern
Slide 7: Trust Assets Under Management & Trust Revenue
Trust Assets Under Management & Trust Revenue Assets in billions Revenue in millions $4.1 $4.3 2022 2023 2024 2025 Jun '26 mam Managed Assets ——Revenue Includes CTB portfolio
Slide 8: Executive Management Team
Executive Management Team Banking Yrs. w/ Name Position Experience CTBI Mark A. Gooch Chairman, President, and CEO 45 years 45 Kevin J. Stumbo EVP/Chief Financial Officer 39 years 31 Richard W. Newsom CTB President 43 years 43 Andy D. Waters CTIC President and CEO 39 years 22 C. Wayne Hancock EVP/Ch
Slide 9: Operational Philosophy
Operational Philosophy = Traditional community banking business model = Executive management and board of director commitment to strong corporate governance « Decentralized decision making and centralized operations and risk management « Strong loan portfolio risk management process " Specialized pr
Slide 10: Consistent Financial Performance
Consistent Financial Performance YTD 2026 2025 2024 2023 2022 EPS $3.15 $5.44 $4.61 $4.36 $4.59 ROAA 1.70% 1.53% 1.41% 1.40% 1.50% ROAE 13.01% 12.07% 11.31% 11.75% 12.74% Net Int. Margin 3.79% 3.62% 3.36% 3.32% 3.32% Efficiency Ratio 48.35% 50.48% 52.57% 54.29% 53.07% Nonperforming Loans 0.58% 0.39%
Slide 11: Earnings Review
Earnings Review Community Trust Bancorp, Inc.
Slide 12: Earnings Per Share
Earnings Per Share $4.94 $4.59 $4.36 $4.61 2021 2022 2023 2024 = EPS increased 21.1% from 2025 to 2026 $5.44 2025 $2.60 Jun '25 $3.15 Jun '26 12
Slide 13: Net Income
Net Income (in millions) $98.1 $87.9 2021 2022 2023 2024 2025 = Net income increased 21.2% from 2025 to 2026 Jun '25 Jun '26 13
Slide 14: Revenues
Revenues (in millions) $307.9 2021 2022 2023 2024 2025 Jun '25 Jun '26 = Revenues increased 12.0% from 2025 to 2026 June data annualized 14
Slide 15: Noninterest Income
Noninterest Income as a % of Total Revenue (in millions) 66.6 $60.5 $62.6 $63.6 $62.7 * 32% 24% 16% 8% 0% 2021 2022 2023 2024 2025 Jun '25 Jun '26 mm Noninterest Income ——% of Total Revenue = Noninterest income increased 6.3% from 2025 to 2026 June data annualized 15
Slide 16: Net Interest Revenue
Net Interest Revenue (in millions) $241.3 2021 2022 2023 2024 2025 Jun '25 Jun '26 « Net interest revenue increased by 13.6% from 2025 - Net interest margin increased 18 basis points - Average earning assets increased $480.3 million, or 8.1% June data annualized 16
Slide 17: Net Interest Margin
Net Interest Margin 3.21% 3 95% 3.32%3-39% 3.32% 3.35% 3.36% 3 99%, 3.62% 3.53% 3.79% 3.54% 2021 2022 2023 2024 2025 Jun '26 YTD aCTBI Peer For the quarter Jun’26 Mar’26 Dec’25 Sept’25 Jun’25 Mar’25 Net Interest Margin 3.80% 3.79% 3.67% 3.60% 3.64% 3.57% Yield on Earning Assets 5.68% 5.65% 5.64% 5.7
Slide 18: Net Noninterest Expense
Net Noninterest Expense as a % of Average Earning Assets (in millions) $79.5 $82.5 2.00% 63. $67.7 $68.4 $58.8 $63.2 SieGRE 1.00% F + + + + + 0.50% 2021 2022 2023 2024 2025 Jun '26 mam Net Noninterest Expense ——% of Earning Assets Noninterest Expense & Efficiency Ratio in millions) ( ) ‘ $143.1 $149
Slide 19: Return on Average Assets
Return on Average Assets 1.70% 1.63% Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 3/31/2026 for bank holding companies with consolidated assets of $3 billion to $10 billion. 19
Slide 20: Balance Sheet Review
Za Community Trust Bancorp, Inc. Balance Sheet Review
Slide 21: Total Assets
Total Assets (in billions) $6.68 $7.00 $6.19 2021 2022 2023 2024 2025 Jun '26 « Total assets at 6/30/26 increased $305.2 million, or an annualized 9.2%, from 12/31/25 = Loans increased $230.0 million or an annualized 9.5% = Investment portfolio decreased $68.6 million or an annualized 12.3% " Deposi
Slide 22: Total Loans
Total Loans (in billions) $3.71 2022 $4.05 2023 $4.49 2024 $4.89 2025 $5.12 Jun "26 Loan Portfolio Mix June 30, 2026 Consumer Indirect 18% Consumer Direct Comm 3% ~~ R/E 42% Mortgage 29% Comm Other 9% Loan Rate Mix Variable . 23% Fixed 27% Adjustable y 50% 22
Slide 23: Concentrations of Credit
Concentrations of Credit as a % of Total Loans June 30, 2026 11.90% 9.80% 5.60% Apartments & Hospitality Non-Residential Rental Housing Real Estate Rental = Concentrations = There were no net losses in any of these loan categories for the six months ended June 30, 2026. 23
Slide 24: Agency Guaranteed Loan Summary
Agency Guaranteed Loan Summary Bank Share Guaranteed Not Non-Guaranteed Guaranty Agency Part Balance Guaranteed Portion Balance Sold Portion FSA Guaranteed $220,508.31 $46,335.87 $240,159.76 $193,823.89 $26,684.42 RBS/USDA 63,624,877.88 17,547,048.72 70,390,290.01 47,019,958.62 10,781,636.59 Guarant
Slide 25: Indirect Lending
Indirect Lending (in millions) $975.9 T 9.00% T 7.00% 6.05% T 5.00% T 3.00% T 1.00% 0.20% + -1.00% 2021 2022 2023 2024 2025 Jun '26 mam Indirect Loans —Yield ——Net Charge-offs 25
Slide 26: Net Charge-offs and Nonperforming Loans
Net Charge-offs as a % of Average Loans 0.16% 0.16% 0.13%0.13% One ginal ase! if] 0. i 0. oo fo.023s 02% ral 2021 2022 2023 2024 2025 Jun "26 =CTBI © Peer = Commercial loans - $0.7 million = Residential loans - $0.2 million = Consumer indirect loans - $0.9 million = Consumer direct loans - $0.4 mill
Slide 27: Nonperforming Assets and Loan Loss Reserve
Nonperforming Assets as a % of Total Assets 0.49% 0.48% 0.37% 9.35% 2021 2022 2023 2024 2025 Jun "26 = $3.5 million in other real estate owned Loan Loss Reserve as a % of Net Loans 1.24% 1.23% 1.23% 1.23% 2021 2022 2023 2024 2025 Jun =CTBI © Peer Peer data obtained from the Federal Reserve Bank Hold
Slide 28: Criticized and Classified Assets
Criticized 1 oe Criticized Assets Allowance for Credit Losses as a % of Total Loans as a % of Total Assets 7.82% 7.75% 9 7.44% 7.06% 7.29% 1.69% 1.66% 6.56% 2021 2022 2023 2024 2025 Jun 26 2021 2022 2023 2024 2025 Jun'26 = OAEM Substandard = Doubtful HOAEM Substandard = Doubtful oe | oaeM | $1,360,1
Slide 29: Total Deposits
Total Deposits including Repurchase Agreements (in billions) $6.00 $5.31 $5.70 $4.64 $4.95 $4.62 2021 2022 2023 2024 2025 Jun ‘26 June 30, 2026 Repurchase Other teresments Time CDs 2% <$100K 9% CDs >$100K 19% Noninterest Bearing 21% NOW 3% Savings MMDA 8% 33% 29
Slide 30: Deposit Detail Summary
Deposit Detail Summary June 30, 2026 Dollar amounts presented in milions Total Hof #of Hof Hof #of Deposit Total # of Accounts %<1 13 Accounts %13 35 Accounts %3-5 Accounts %5-10 >10 Accounts Category Balances Accounts <1Year <1Year Year Years 1-3Years Years Years 3-5Years Years 5-10 Years 5-10 Year
Slide 31: Shareholder Value
Aoommunity Trust Bancorp, Inc. Shareholder Value
Slide 32: Dividends Per Share
Dividends Per Share 60% $2.42 55% $1.86 $2.00 $057 $1.68 $1.80 50% 45% 40% 35% f + + + + + 30% 2021 2022 2023 2024 2025 2026* mmm Dividends PerShare -——Dividend Payout Ratio = Dividend payout ratio at June 30, 2026 was 33.7% > Desired level between 40% and 50% = June 30, 2026 cash dividend yield was
Slide 33: Shareholders' Equity
Shareholders’ Equity (in millions) $891.8 $856.1 2021 2022 2023 2024 2025 Jun '26 = Shareholders’ equity has increased 22.6% during the past five years » 5.5% compound growth rate for the past five years 33
Slide 34: Book Value
Book Value Per Share $47.26 $49.10 2021 2022 2023 2024 2025 Jun '26 Tangible Common Equity/ Assets 11.82% 11.94% 11.93% .16%11.29% 10.58% glo” ° 2021 2022 2023 2024 2025 Jun '26 34
Slide 35: Cumulative Total Return
5 Year Cumulative Total Return Comparison of CTBI, NASDAQ Stock Market (U.S.), and NASDAQ Bank Stocks $300 4 $200 $100 $0 1 T T 1 1 2020 2021 2022 2023 2024 2025 —e— Community Trust Bancorp, Inc. B= NASDAQ Stock Market (U.S.) #— NASDAQ Bank Stocks "= An investment in CTBI stock on December 31, 2020
Slide 36: Comparison to Russell 2000 Index
Comparison to Russell 2000 Index of Small Cap Companies Return to Investors June 30, 2026 40.96% 40.78% 1-Year 30.09% 18.60% 15.13% es ai 3-Year 5-Year 10-Year =CTBI Russell 2000 26% 11-62% 3-, 5-, and 10-year total returns annualized 36
Slide 37: Core Value Long-Term Investment
Core Value Long-Term Investment = 12 stock splits and 10 stock dividends " 46 years of consecutive increases in cash dividends « 5-year compound growth rate of cash dividends 5.5% = Stock included in the NASDAQ Global Select Market, NASDAQ Dividend Achievers Index, and NASDAQ Bank Stock Index = CTBI
Slide 38: Key Strategic Initiatives
Key Strategic Initiatives
Slide 39: Operational Priorities
Operational Priorities = Build core earnings capacity > Quality loan growth > Low cost deposit growth > Branch expansion in growth markets = Maintain net interest margin = Operational efficiency > Expense control >» Noninterest revenue growth =" Compliance management = Increase noninterest income >
Slide 40: CTBI's Franchise Value
CTBI’s Franchise Value = History of solid investor returns = Historically strong capital position = Investor focused dividend policy > Dividend Achievers Index = Consistent financial performance = Community banking strategy = Economic diversity in the markets we serve = Strong experienced management
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