Core Insights - Two stocks are highlighted for investors to consider, both with strong income characteristics and buy rankings Group 1: Community Trust Bancorp, Inc. (CTBI) - Community Trust Bancorp, Inc. is a bank holding company for Community Trust Bank [1] - The Zacks Consensus Estimate for its current year earnings has increased by 4.1% over the last 60 days [1] - The company has a dividend yield of 3.2%, which is higher than the industry average of 2.3% [2] Group 2: Embecta Corp. (EMBC) - Embecta Corp. is a medical device company [2] - The Zacks Consensus Estimate for its current year earnings has increased by 14.9% over the last 60 days [2] - The company has a dividend yield of 2.9%, compared to the industry average of 0.0% [3]

Financial Performance - Community Trust Bancorp, Inc. reported third quarter 2024 earnings of $22.1 million, or $1.23 per basic share, compared to $19.5 million, or $1.09 per basic share in the prior quarter, and $20.6 million, or $1.15 per basic share in the same quarter last year [207]. - Total revenue for the third quarter 2024 was $1.4 million above the prior quarter and $4.1 million above the same quarter last year [207]. - Net interest income for the quarter was $47.2 million, an increase of $1.5 million, or 3.3%, from the prior quarter and $4.1 million, or 9.4%, from the same quarter last year [208]. - Noninterest income for the quarter was $15.6 million, which was $0.1 million, or 0.9%, below the prior quarter but $0.1 million, or 0.4%, above the same quarter last year [211]. - Total noninterest expense for the quarter was $32.5 million, an increase of $1.7 million, or 5.4%, from the same quarter last year [222]. - Cash dividends for Q3 2024 were $0.47 per share, an increase from $0.46 per share in the previous quarter [232]. Loan and Deposit Growth - The loan portfolio increased to $4.4 billion, up $89.2 million, or an annualized 8.3%, from June 30, 2024, and $299.6 million, or an annualized 9.9%, from December 31, 2023 [209]. - Total deposits, including repurchase agreements, reached $5.1 billion, an increase of $110.2 million, or an annualized 8.8%, from June 30, 2024, and $121.7 million, or 2.5%, from December 31, 2023 [210]. - The average loans to deposits ratio was 85.8% for the quarter ended September 30, 2024, compared to 84.5% for the prior quarter and 83.2% for the same quarter last year [217]. - Total deposits and repurchase agreements increased by 2.2% to $5,071,586 thousand in Q3 2024 compared to Q2 2024 [227]. - Noninterest bearing deposits decreased by 3.0% to $1,204,515 thousand in Q3 2024 compared to Q2 2024 [227]. Credit Quality - The provision for credit losses for the quarter was $2.7 million, a decrease of $0.2 million from the prior quarter but an increase of $0.9 million from the same quarter last year [208]. - Nonperforming loans increased to $25.1 million at September 30, 2024, from $19.8 million at June 30, 2024, and $14.0 million at December 31, 2023 [210]. - The credit loss reserve as a percentage of total loans outstanding was 1.23% as of September 30, 2024 [219]. - Net loan charge-offs for Q3 2024 were $1.5 million, or 0.14% of average loans annualized, compared to $1.4 million, or 0.13% in Q2 2024 [231]. - Total nonperforming loans rose to $25.1 million in Q3 2024, up from $19.8 million in Q2 2024 and $14.0 million at YE 2023 [229]. Shareholder Equity - Shareholders' equity increased to $760.8 million, up $41.4 million, or an annualized 22.9%, during the quarter and $58.6 million, or 8.3%, from December 31, 2023 [211]. - As of September 30, 2024, CTBI had approximately $240.9 million in cash and cash equivalents, down from $271.4 million at YE 2023 [233]. - CTBI's community bank leverage ratio was 13.99% as of September 30, 2024, indicating strong capital resources [240]. Investment Portfolio - The investment portfolio decreased by $65.6 million, or an annualized 7.5%, from December 31, 2023 [223]. - The investment portfolio was entirely in available-for-sale securities, comprising approximately 144% of equity capital as of September 30, 2024 [234]. Risk Management - Interest rate risk is a significant concern, with management employing various techniques to mitigate its impact on net interest income [235]. - CTBI's allowance for credit losses (ACL) is based on ongoing assessments of loan collectability, considering historical credit loss experience and current market conditions [248]. - The ACL is maintained at a level CTBI considers adequate, with provisions recorded to adjust the ACL to current estimates of expected credit losses [249]. - Larger commercial loans exceeding $1 million are individually evaluated for ACL if they exhibit credit weaknesses or are 90 days or more past due [250]. - Expected credit losses for loans not individually evaluated are estimated collectively, using discounted cash flow (DCF) modeling [251]. - CTBI's expected credit loss models consider historical credit loss experience and forecasted changes in market conditions for up to one year [252]. - The reserve for unfunded commitments is maintained to absorb estimated expected credit losses related to unfunded credit facilities [256]. Goodwill and Impairment Testing - Goodwill is tested for impairment annually, with the next assessment scheduled for October 1 [257]. Yield Curve Sensitivity - A 200 basis point increase in the yield curve is estimated to increase net interest income by 1.11% over one year and 2.08% over two years [261]. - A 200 basis point decrease in the yield curve would decrease net interest income by an estimated 2.57% over one year and 5.65% over two years [261]. Stock Repurchase Program - CTBI has repurchased a total of 2,465,294 shares under its stock repurchase program as of September 30, 2024 [244].

Group 1 - Community Trust Bancorp (CTBI) is a bank holding company with a Zacks Rank 1 (Strong Buy) and has seen a 3.9% increase in the Zacks Consensus Estimate for its next year earnings over the last 60 days [1] - Community Trust Bancorp's shares have gained 18.4% over the last three months, outperforming the S&P 500's gain of 5.2% [1] - Orla Mining (ORLA) is engaged in developing the Camino Rojo Oxide Gold Project in Zacatecas State, Mexico, and has a Zacks Rank 1, with a 4.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] Group 2 - Orla Mining's shares have gained 27.1% over the last three months, also outperforming the S&P 500's gain of 5.2% [2] - Both companies possess a Momentum Score of B, indicating strong momentum characteristics [1][2]

Group 1: Community Trust Bancorp (CTBI) - Community Trust Bancorp is a bank holding company focused on providing financial services to customers [1] - The Zacks Consensus Estimate for its current year earnings has increased by 3.9% over the last 60 days [1] - The company has a Zacks Rank of 1 (Strong Buy) and offers a dividend yield of 3.6%, which is higher than the industry average of 2.5% [1] Group 2: H&R Block (HRB) - H&R Block is a leading provider of tax preparation services [1] - The Zacks Consensus Estimate for its current year earnings has increased by nearly 2.8% over the last 60 days [1] - The company has a Zacks Rank of 1 and offers a dividend yield of 2.4%, compared to the industry average of 0.0% [1] Group 3: HireQuest (HQI) - HireQuest provides temporary staffing services, including general labor, industrial, and construction personnel [2] - The Zacks Consensus Estimate for its current year earnings has increased by nearly 9.3% over the last 60 days [2] - The company has a Zacks Rank of 1 and offers a dividend yield of 1.7%, which is slightly above the industry average of 1.5% [2]

Community Trust Bancorp (CTBI) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.15 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.96%. A quarter ago, it was expected that this bank holding company for Community Trust Bank would post earnings of $1.04 per share when it actually produced earnings of $1.09, delivering a surprise of 4. ...

Exhibit 99.1 FOR IMMEDIATE RELEASE October 16, 2024 FOR ADDITIONAL INFORMATION, PLEASE CONTACT MARK A. GOOCH, CHAIRMAN, PRESIDENT, AND CEO, COMMUNITY TRUST BANCORP, INC. AT (606) 434-4331 Pikeville, Kentucky: COMMUNITY TRUST BANCORP, INC. REPORTS EARNINGS FOR THE 3RD QUARTER 2024 Earnings Summary | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------|-------|------------------|-------|------------------|-------|---------- ...

Community Trust Bancorp (CTBI) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual i ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its d ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, August 23: Southside Bancshares, Inc. (SBSI) : This bank holding company for Southside Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.6% the last 60 days. This Zacks Rank #1 company has a dividend yield of 4.5%, compared with the industry average of 0.7%. First Community Corporation (FCCO) : This bank holding company for First Community Bank has witnessed the Zac ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission file number 001-31220 COMMUNITY TRUST BANCORP, INC. (Exact name of registrant as specified in its charter) Kentucky 61-0979818 ( ...