Community Trust Bancorp (CTBI) Q2 2026 earnings summary

Executive summary

• Record quarterly net income of $29.6 million ($1.64 per share), up from $24.9 million ($1.38 per share) year-over-year and $27.2 million ($1.51 per share) sequentially.

• Total revenue rose $8.3 million year-over-year and $4.3 million sequentially, driven by higher net interest and noninterest income.

• Six-month net income reached $56.8 million ($3.15 per share), up 21.2% from $46.9 million ($2.60 per share) year-over-year.

• Loan portfolio grew to $5.1 billion, up $134.1 million for the quarter and $423.1 million year-over-year.

• Deposits, including repurchase agreements, reached $6.0 billion, increasing $221.9 million for the quarter and $496.8 million year-over-year.

Financial highlights

• Net interest income for the quarter was $60.9 million, up $6.8 million (12.7%) year-over-year and $2.1 million (3.6%) sequentially.

• Noninterest income for the quarter was $17.6 million, up $1.4 million (8.8%) year-over-year and $2.2 million (14.2%) sequentially.

• Noninterest expense for the quarter was $37.4 million, up $1.7 million (4.8%) year-over-year and $0.8 million (2.3%) sequentially.

• Provision for credit losses was $2.8 million, up $0.7 million year-over-year and $0.5 million sequentially.

• Net loan charge-offs were $0.9 million (0.07% of average loans annualized), down from $1.4 million (0.12%) year-over-year.

Outlook and guidance

• Quarterly cash dividend increased 22.6% to $0.65 per share, with an additional one-time $0.06 per share dividend approved.

• Management expects continued focus on net interest income growth, prudent credit risk management, and maintaining strong capital and liquidity positions.

• Forward-looking statements highlight risks from economic conditions, credit performance, regulatory changes, and competitive pressures.