Community Trust Bancorp, Inc. Reports Record Earnings for the 4th Quarter and Year 2025

Core Insights - Community Trust Bancorp, Inc. (CTBI) reported record earnings for Q4 2025, achieving a net income of $27.3 million, or $1.51 per basic share, which is an increase from $23.9 million, or $1.33 per share in Q3 2025 and $22.5 million, or $1.25 per share in Q4 2024 [1][4][14] - Total revenue for Q4 2025 was $3.2 million higher than the previous quarter and $9.0 million higher than the same quarter last year [1] - The company’s total assets reached $6.7 billion, reflecting a $46.0 million increase from the prior quarter and a $490.9 million increase from the previous year [14][21] Financial Performance - Net interest income for Q4 2025 was $58.1 million, up $2.6 million (4.6%) from Q3 2025 and $8.6 million (17.3%) from Q4 2024, with a net interest margin increase of 7 basis points from the prior quarter and 24 basis points from the prior year [4][5] - Noninterest income for Q4 2025 was $16.6 million, an increase of $0.7 million (4.1%) from Q3 2025 and $0.4 million (2.7%) from Q4 2024 [7][8] - Total noninterest expense for Q4 2025 was $36.5 million, a decrease of $0.3 million (0.8%) from Q3 2025 but an increase of $2.7 million (7.9%) from Q4 2024 [10][11] Asset Quality - Total nonperforming loans decreased to $19.2 million at December 31, 2025, down $5.5 million from the prior quarter and $7.5 million from the prior year [16] - The provision for credit losses for Q4 2025 was $2.9 million, a decrease of $1.0 million from the prior quarter but an increase of $0.3 million from the same quarter last year [18] - Net loan charge-offs for Q4 2025 were $1.8 million, representing an annualized 0.14% of average loans, compared to $2.7 million (0.23%) in Q3 2025 and $1.0 million (0.09%) in Q4 2024 [17] Loan and Deposit Growth - The loan portfolio increased to $4.9 billion, up $101.0 million (annualized 8.4%) from the prior quarter and $408.3 million (9.1%) from the prior year [14][12] - Total deposits, including repurchase agreements, reached $5.7 billion, an increase of $27.5 million (annualized 1.9%) from the prior quarter and $387.5 million (7.3%) from the prior year [13][14] Shareholder Returns - Dividends declared per share for Q4 2025 were $0.53, consistent with Q3 2025 and an increase from $0.47 in Q4 2024 [1][10] - Shareholders' equity increased to $856.1 million, up $24.7 million (annualized 11.8%) from the prior quarter and $98.5 million (13.0%) from the prior year [15]