Community Trust Bancorp, Inc. Reports Earnings for the 3rd Quarter 2025

Core Viewpoint - Community Trust Bancorp, Inc. reported a net income of $23.9 million for the third quarter of 2025, reflecting a decrease from the previous quarter but an increase compared to the same quarter last year. The company experienced growth in net interest income and total revenue, while facing increases in noninterest expenses and provisions for credit losses. Financial Performance - Net income for 3Q2025 was $23.9 million, or $1.33 per basic share, down from $24.9 million in 2Q2025 but up from $22.1 million in 3Q2024 [1] - Total revenue for the quarter was $1.3 million above the prior quarter and $8.7 million above the same quarter last year [1] - Net interest revenue increased by $1.5 million from the prior quarter and $8.4 million from the same quarter last year [1][2] - Noninterest income for 3Q2025 was $15.9 million, a decrease of $0.2 million from the prior quarter but an increase of $0.4 million from the same quarter last year [2][8] Loan and Deposit Growth - The loan portfolio reached $4.8 billion, increasing by $92.1 million from the previous quarter and $443.4 million from the same quarter last year [2][14] - Total deposits, including repurchase agreements, increased to $5.7 billion, up by $212.2 million from the prior quarter and $598.7 million from the same quarter last year [5][14] Expense and Efficiency Metrics - Noninterest expense for 3Q2025 was $36.7 million, an increase of $1.1 million from the prior quarter and $4.2 million from the same quarter last year [11] - The efficiency ratio improved to 50.86% from 51.75% in the same quarter last year [1] Asset Quality - The provision for credit losses was $3.9 million, an increase of $1.8 million from the prior quarter and $1.1 million from the same quarter last year [2][19] - Total nonperforming loans were $24.7 million, an increase of $0.3 million from the prior quarter but a decrease of $0.4 million from the same quarter last year [5][16] Shareholder Returns - Dividends declared per share increased to $0.53 from $0.47 in the previous quarter and the same quarter last year [1] - Shareholders' equity rose to $831.4 million, an increase of $24.5 million during the quarter and $70.6 million from the same quarter last year [15]