Community Trust Bancorp, Inc. · NASDAQ:CTBI
Community Trust Bancorp — Investor Presentation (November 2025)
39 slides from Community Trust Bancorp's investor presentation, Nov 10, 2025
Slide 1: November 2025
November 2025
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 to
Slide 3: Key Metrics
Key Metrics Total Assets $6.6 billion Market Capitalization $1.0 billion Cash Dividend Yield 3.79% P/E Ratio 10.7x Price to Book Value 1.2x Price to Tangible Book Value 1.3x Tangible Common Equity Ratio 11.65% Competitive Position 3rd largest Kentucky domiciled bank holding company 2nd in Kentucky i
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 81 locations in 37 counties throughout Kentucky, Tennessee, and West Virginia, including 5 trust offices in Kentucky and Tennessee
Slide 6: Our Banking Franchise
Our Banking Franchise Central Region Eastern Region Northeastern Region Loans - $1.1 billion Loans - $1.0 billion Loans - $545 million Deposits - $1.4 billion Deposits - $2.2 billion Deposits - $750 million • Danville • Floyd/Knott/Johnson • Advantage Valley • Lexington • Hazard • Ashland • Mt. Ster
Slide 7: Trust Assets Under Management & Trust Revenue
Trust Assets Under Management & Trust Revenue Includes CTB portfolio Assets in billions Revenue in millions 7
Slide 8: Executive Management Team
Executive Management Team Banking Yrs. w/ Name Position Experience CTBI Mark A. Gooch Chairman, President, and CEO 44 years 44 Richard W. Newsom CTB President 42 years 42 Andy Waters CTIC President and CEO 38 years 21 Kevin J. Stumbo EVP/Chief Financial Officer 38 years 30 C. Wayne Hancock EVP/Chief
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 product offe
Slide 10: Consistent Financial Performance
Consistent Financial Performance YTD 2025 2024 2023 2022 2021 EPS $3.93 $4.61 $4.36 $4.59 $4.94 ROAA 1.50% 1.41% 1.40% 1.50% 1.63% ROAE 11.84% 11.31% 11.75% 12.74% 12.88% Net Int. Margin 3.61% 3.36% 3.32% 3.32% 3.21% Efficiency Ratio 51.12% 52.57% 54.29% 53.07% 53.11% Nonperforming Loans 0.51% 0.59%
Slide 11: Earnings Review
Earnings Review
Slide 12: Earnings Per Share
Earnings Per Share YTD EPS increased 17.0% from September 2024 to September 2025 12
Slide 13: Net Income
Net Income YTD net income increased 17.3% from September 2024 to September 2025 (in millions) 13
Slide 14: Revenues
Revenues YTD revenues increased 13.7% from September 2024 to September 2025 (in millions) 14 September data annualized
Slide 15: Noninterest Income as a % of Total Revenue
Noninterest Incomeas a % of Total Revenue YTD noninterest income increased 1.3% from September 2024 to September 2025 (in millions) 15 September data annualized
Slide 16: Net Interest Revenue
Net Interest Revenue Net interest revenue increased by 17.9% year over year for the nine months ended September 30 Net interest margin increased 27 basis points Average earning assets increased $495.6 million, or 9.0% (in millions) 16 September data annualized
Slide 17: Net Interest Margin
Net Interest Margin Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 6/30/2025 for bank holding companies with consolidated assets of $3 billion to $10 billion. 17 Sept ’25 Jun ’25 Mar ’25 Dec ’24 Sept ’24 Jun ’24 Net Interest Margin 3.60% 3.64% 3.57% 3.43% 3
Slide 18: Net Noninterest Expense as a % of Average Earning Assets
Net Noninterest Expenseas a % of Average Earning Assets Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 6/30/2025 for bank holding companies with consolidated assets of $3 billion to $10 billion. (in millions) 18 Noninterest Expense & Efficiency Ratio (in mi
Slide 19: Return on Average Assets
Return on Average Assets Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 6/30/2025 for bank holding companies with consolidated assets of $3 billion to $10 billion. 19
Slide 20: Balance Sheet Review
Community Trust Bancorp, Inc. Balance Sheet Review
Slide 21: Total Assets
Total Assets Total assets at 9/30/25 increased $444.9 million, or an annualized 9.6%, from 12/31/24 Loans increased $307.3 million or an annualized 9.2% Investment portfolio decreased $17.6 million or an annualized 2.2% Deposits increased $360.0 million or an annualized 9.1% (in billions) 21
Slide 22: Total Loans
Total Loans Loans increased $307.3 million, or 9.2% annualized, from 12/31/24 (in billions) 22 Loan Portfolio Mix September 30, 2025 Loan Rate Mix
Slide 23: Concentrations of Credit as a % of Total Loans
Concentrations of Creditas a % of Total Loans September 30, 2025 23 There were no net losses in nonperforming loans in any of these loan categories for the nine months ended September 30, 2025.
Slide 24: Indirect Lending
Indirect Lending (in millions) 24
Slide 25: Net Charge-offs as a % of Average Loans
Net Charge-offsas a % of Average Loans Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 6/30/2025 for bank holding companies with consolidated assets of $3 billion to $10 billion. 25 Nonperforming Loansas a % of Total Loans Commercial loans - $2.0 million Con
Slide 26: Nonperforming Assets as a % of Total Assets
Nonperforming Assetsas a % of Total Assets $4.9 million in other real estate owned 26 Loan Loss Reserve as a % of Net Loans Peer data obtained from the Federal Reserve Bank Holding Company Performance Report as of 6/30/2025 for bank holding companies with consolidated assets of $3 billion to $10 bil
Slide 27: Total Deposits including Repurchase Agreements
Total Depositsincluding Repurchase Agreements (in billions) 27 September 30, 2025
Slide 28: Hoops CD
Our Hoops CD product has been offered for over 27 years 100 basis point increase in rate in 1996, 1998, and 2012 with the University of Kentucky’s NCAA Basketball Championships $286 million in Hoops CDs as of 9/30/25 12 Month Certificate of Deposit: April 10th through maturity, rate paid is adjusted
Slide 29: Shareholder Value
Community Trust Bancorp, Inc. Shareholder Value
Slide 30: Dividends Per Share
Dividends Per Share Dividend payout ratio at September 30, 2025 was 37.4% Desired level between 40% and 50% September 30, 2025 cash dividend yield was 3.79% Quarterly cash dividend increased to $0.53 per share effective October 1, 2025, an increase of 12.8% 30 *2025 is projected DPS
Slide 31: Shareholders' Equity
Shareholders’ Equity Shareholders’ equity has increased 15.7% during the past five years 4.3% compound growth rate for the past five years (in millions) 31 4.3%
Slide 32: Book Value Per Share; Tangible Common Equity/Assets
Book Value Per Share Tangible Common Equity/Assets 32
Slide 33: Cumulative Total Return Comparison
5 Year Cumulative Total ReturnComparison of CTBI, NASDAQ Stock Market (U.S.), and NASDAQ Bank Stocks An investment in CTBI stock on December 31, 2019 would have underperformed the NASDAQ Stock Market (U.S.) and the NASDAQ Bank Stocks Index at December 31, 2024. 33
Slide 34: Comparison to Russell 2000 Index of Small Cap Companies
Comparison to Russell 2000 Indexof Small Cap Companies 3-, 5-, and 10-year total returns annualized Return to Investors 34 September 30, 2025
Slide 35: Core Value Long-Term Investment
Core Value Long-Term Investment 12 stock splits and 10 stock dividends 45 years of consecutive increases in cash dividends 5-year compound growth rate of cash dividends 4.7% Stock included in the NASDAQ Global Select Market, NASDAQ Dividend Achievers Index, and NASDAQ Bank Stock Index CTBI sharehold
Slide 36: Key Strategic Initiatives
Key Strategic Initiatives
Slide 37: 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 Wealth management Broker
Slide 38: 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 team and nearly
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