Community Trust Bancorp (CTBI) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, May 21st: Janus Henderson Group plc (JHG) : This asset management company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.4% over the last 60 days. This Zacks Rank #1 company has a dividend yield of 4.5%, compared with the industry average of 2.6%. Community Trust Bancorp, Inc. (CTBI) : This bank holding company for Community Trust Bank has witnessed the Zacks Consens ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Commission file number 001-31220 COMMUNITY TRUST BANCORP, INC. (Exact name of registrant as specified in its charter) Kentucky 61-0979818 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 346 North Mayo Trail P.O. Box 2947 Pikeville, Kentucky 41502 (Address of principal executive of ices) (Zip code) (606) 432-1414 (Registrant's telephone number) Securities registered pursuant to S ...

Community Trust Bancorp (CTBI) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.Analysts' growing optimism on the earnings prospects of this bank holding company for Community Trust Bank is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earni ...

Community Trust Bancorp (CTBI) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked ...

For the quarter ended March 2024, Community Trust Bancorp (CTBI) reported revenue of $59.02 million, up 1.9% over the same period last year. EPS came in at $1.04, compared to $1.08 in the year-ago quarter.The reported revenue represents a surprise of +4.44% over the Zacks Consensus Estimate of $56.51 million. With the consensus EPS estimate being $0.98, the EPS surprise was +6.12%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Community Trust Bancorp (CTBI) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.12%. A quarter ago, it was expected that this bank holding company for Community Trust Bank would post earnings of $1.08 per share when it actually produced earnings of $1.04, delivering a surprise of -3. ...

[Financial Highlights](index=1&type=section&id=Financial%20Highlights) Community Trust Bancorp, Inc. reported stable Q1 2024 net income of **$18.7 million**, driven by strong loan growth and noninterest income Key Financial Metrics | Metric | 1Q 2024 | 4Q 2023 | 1Q 2023 | | :--- | :--- | :--- | :--- | | Net Income ($ million) | $18.7 | $18.7 | $19.3 | | Earnings Per Share (Basic, $) | $1.04 | $1.04 | $1.08 | | Return on Average Assets (%) | 1.30 | 1.30 | 1.44 | | Return on Average Equity (%) | 10.61 | 10.98 | 12.03 | | Dividends Declared Per Share ($) | $0.46 | $0.46 | $0.44 | - Total revenue increased by **$2.0 million** compared to the prior quarter and **$1.1 million** compared to the same quarter last year[2](index=2&type=chunk) - The loan portfolio grew to **$4.2 billion**, an increase of **$110.3 million** (**10.9% annualized**) from Q4 2023 and **$383.8 million** (**10.2%**) from Q1 2023[4](index=4&type=chunk) - Deposits, including repurchase agreements, reached **$5.0 billion**, up **$69.1 million** (**5.6% annualized**) from the previous quarter[22](index=22&type=chunk) - An accounting change (ASU No. 2023-02) reclassified **$0.8 million** in tax credit amortization from noninterest expense to tax expense, impacting comparability[2](index=2&type=chunk) [Detailed Financial Performance](index=2&type=section&id=Detailed%20Financial%20Performance) Q1 2024 performance showed mixed results: slight net interest income growth, significant noninterest income, and modest noninterest expense [Net Interest Income](index=2&type=section&id=Net%20Interest%20Income) Net interest income slightly increased quarter-over-quarter due to margin expansion but decreased year-over-year from rising cost of funds Net Interest Income Metrics | Metric | 1Q 2024 | 4Q 2023 | 1Q 2023 | | :--- | :--- | :--- | :--- | | Net Interest Income ($ million) | $43.6 | $43.0 | $43.9 | | Net Interest Margin (TEY, %) | 3.23 | 3.19 | 3.49 | - The net interest margin increased by **4 basis points** from the prior quarter but decreased by **26 basis points** from the prior year's same quarter[23](index=23&type=chunk) - The year-over-year margin compression was driven by the cost of funds rising faster (up **129 bps**) than the yield on average earning assets (up **71 bps**)[23](index=23&type=chunk) [Noninterest Income](index=2&type=section&id=Noninterest%20Income) Noninterest income significantly increased quarterly and annually, driven by higher loan-related fees and bank-owned life insurance revenue Noninterest Income Metrics | Metric | 1Q 2024 | 4Q 2023 | 1Q 2023 | | :--- | :--- | :--- | :--- | | Total Noninterest Income ($ million) | $15.1 | $13.7 | $13.7 | | Change vs. 4Q 2023 (%) | +10.3 | - | - | | Change vs. 1Q 2023 (%) | +10.6 | - | - | - The quarterly increase was primarily driven by a **$0.9 million** rise in loan-related fees and a **$0.5 million** increase in bank-owned life insurance revenue[14](index=14&type=chunk) - The year-over-year increase was led by higher loan-related fees (+$0.5 million), bank-owned life insurance revenue (+$0.4 million), and trust revenue (+$0.4 million)[14](index=14&type=chunk) [Noninterest Expense](index=3&type=section&id=Noninterest%20Expense) Noninterest expense modestly increased quarter-over-quarter due to higher personnel costs, partially offset by a tax credit accounting change Noninterest Expense Metrics | Metric | 1Q 2024 | 4Q 2023 | 1Q 2023 | | :--- | :--- | :--- | :--- | | Total Noninterest Expense ($ million) | $32.2 | $31.6 | $31.9 | | Change vs. 4Q 2023 (%) | +1.9 | - | - | | Change vs. 1Q 2023 (%) | +1.0 | - | - | - The quarter-over-quarter increase was mainly due to a **$1.7 million** rise in personnel expense, partially offset by a **$0.7 million** decrease in other direct expenses resulting from the accounting change for tax credits[16](index=16&type=chunk) - Personnel expense increased year-over-year by **$1.2 million**, driven by higher salaries and group medical/life insurance costs[16](index=16&type=chunk) [Balance Sheet Review](index=3&type=section&id=Balance%20Sheet%20Review) Q1 2024 balance sheet expanded to **$5.9 billion** in total assets, driven by robust loan and deposit growth, and increased shareholders' equity [Loans](index=3&type=section&id=Loans) The loan portfolio grew significantly, increasing **10.9% annualized** QoQ and **10.2%** YoY, primarily in commercial and residential segments Loan Portfolio Metrics | Metric | 1Q 2024 | 4Q 2023 | 1Q 2023 | | :--- | :--- | :--- | :--- | | Total Loans ($ million) | $4,161.2 | $4,050.9 | $3,777.4 | | QoQ Growth (Annualized, %) | 10.9 | - | - | | YoY Growth (%) | 10.2 | - | - | - Loan growth from the prior quarter was led by a **$101.4 million** increase in the commercial portfolio and a **$22.6 million** increase in the residential portfolio[18](index=18&type=chunk) - The commercial loan portfolio grew **5.1%** QoQ and **11.1%** YoY, while the residential portfolio grew **2.1%** QoQ and **14.1%** YoY[17](index=17&type=chunk) [Deposits and Repurchase Agreements](index=4&type=section&id=Deposits%20and%20Repurchase%20Agreements) Total deposits and repurchase agreements grew **5.6% annualized** QoQ and **5.6%** YoY, with a shift towards interest-bearing deposits Deposits and Repurchase Agreements Metrics | Metric | 1Q 2024 | 4Q 2023 | 1Q 2023 | | :--- | :--- | :--- | :--- | | Total Deposits & Repos ($ million) | $5,018.9 | $4,949.9 | $4,752.2 | | QoQ Growth (Annualized, %) | 5.6 | - | - | | YoY Growth (%) | 5.6 | - | - | - Non-interest bearing deposits decreased **9.6%** year-over-year, while interest-bearing deposits grew, notably time deposits which increased **27.4%** YoY[18](index=18&type=chunk) - The company maintains a diversified deposit base, with no single customer accounting for more than **2.25%** of total deposits[18](index=18&type=chunk) [Shareholders' Equity](index=2&type=section&id=Shareholders%27%20Equity) Shareholders' equity increased to **$707.7 million**, reflecting growth despite the impact of unrealized losses on securities - Shareholders' equity increased to **$707.7 million**, up **$5.5 million** (**3.2% annualized**) from Q4 2023 and **$50.9 million** (**7.7%**) from Q1 2023[11](index=11&type=chunk)[27](index=27&type=chunk) - Net unrealized losses on securities, net of tax, were **$106.9 million** at March 31, 2024, compared to **$103.3 million** at December 31, 2023[27](index=27&type=chunk) - The annualized dividend yield to shareholders was **4.31%** as of March 31, 2024[27](index=27&type=chunk) [Asset Quality](index=2&type=section&id=Asset%20Quality) Asset quality deteriorated with increased nonperforming loans and net charge-offs, leading to higher credit loss provisions, though reserve coverage remains robust Asset Quality Metrics | Metric | 1Q 2024 | 4Q 2023 | 1Q 2023 | | :--- | :--- | :--- | :--- | | Nonperforming Loans ($ million) | $15.9 | $14.0 | $12.2 | | Net Charge-offs ($ million) | $1.6 | $1.0 | $0.4 | | Net Charge-offs to Avg. Loans (%) | 0.16 | 0.10 | 0.05 | - The provision for credit losses was **$2.7 million**, an increase of **$0.8 million** from the prior quarter and **$1.5 million** from the prior year's same quarter[20](index=20&type=chunk)[28](index=28&type=chunk) - The allowance for credit losses as a percentage of total loans outstanding remained stable at **1.22%** from December 31, 2023[28](index=28&type=chunk) - Reserve coverage (allowance for credit losses to nonperforming loans) was **319.0%** at March 31, 2024, down from **354.7%** at December 31, 2023[28](index=28&type=chunk) [Forward-Looking Statements](index=4&type=section&id=Forward-Looking%20Statements) This section cautions that forward-looking statements are subject to material risks and uncertainties, including economic, credit, interest rate, and regulatory factors - The report includes forward-looking statements that are not historical facts and are subject to risks and uncertainties[29](index=29&type=chunk) - Identified risks include economic conditions, portfolio growth, credit performance, interest rate fluctuations, competition, and regulatory changes[29](index=29&type=chunk) [Financial Tables](index=6&type=section&id=Financial%20Tables) This section provides detailed, unaudited financial summaries, including income statements, balance sheets, performance ratios, and asset quality data - Provides a detailed, unaudited Financial Summary including Consolidated Statements of Income for the three months ended March 31, 2024, December 31, 2023, and March 31, 2023[31](index=31&type=chunk)[36](index=36&type=chunk) - Includes a detailed, unaudited Consolidated Balance Sheet as of March 31, 2024, December 31, 2023, and March 31, 2023[32](index=32&type=chunk)[38](index=38&type=chunk)[39](index=39&type=chunk) - Contains key performance ratios, average balances, and asset quality data for the respective periods[31](index=31&type=chunk)[39](index=39&type=chunk)

Investors are always looking for stocks that are poised to beat at earnings season and Community Trust Bancorp, Inc. (CTBI) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Community Trust Bancorp is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information pos ...

The market expects Community Trust Bancorp (CTBI) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, ...