Community Trust Bancorp Achieves Record Earnings for Second Quarter 2025

Community Trust Bancorp, Inc., a leading financial institution based in Pikeville, Kentucky, has announced its financial results for the second quarter 2025. The company achieved record earnings of USD24.9 million, or USD1.38 per basic share, marking a significant increase from the first quarter 2025 and second quarter 2024. The company's total revenue for the quarter surpassed the prior quarter by USD4.0 million and the prior year same quarter by USD8.8 million.

Key Takeaways:

Community Trust Bancorp's record earnings for the second quarter 2025 were USD24.9 million, exceeding the first quarter 2025 earnings by USD2.9 million.
The company's net interest revenue for the quarter increased by USD2.8 million compared to the prior quarter and USD8.4 million compared to the prior year same quarter.
Noninterest income for the quarter rose by USD1.3 million from the prior quarter and USD0.5 million from the prior year same quarter.
The provision for credit losses for the quarter decreased by USD1.5 million from the prior quarter and USD0.9 million from the prior year same quarter.
Noninterest expense for the quarter increased by USD1.5 million from the prior quarter and USD3.2 million from the prior year same quarter.
Earnings for the six months ended June 30, 2025 were USD8.7 million, or USD0.47 per basic share, higher than the prior year's earnings.
The company's total assets reached USD6.4 billion as of June 30, 2025, representing an increase of USD114.4 million, or 7.30 percent annualized, from March 31, 2025.
Loans outstanding increased by USD65.3 million, or 5.6 percent annualized, from March 31, 2025, and by USD440.5 million, or 10.30 percent, from June 30, 2024.
Deposits in other banks grew by USD46.6 million from the prior quarter and USD212.0 million from June 30, 2024, as a result of deposit growth outpacing loan growth.
Deposits, including repurchase agreements, increased by USD100.2 million, or 7.50 percent annualized, from March 31, 2025, and by USD496.7 million, or 10.0 percent, from June 30, 2024.

Statistics:

USD24.9 million: Record earnings for the second quarter 2025
USD1.38 per basic share: Earnings per share for the second quarter 2025
USD2.8 million: Increase in net interest revenue from the prior quarter
USD8.4 million: Increase in net interest revenue from the prior year same quarter
USD1.3 million: Increase in noninterest income from the prior quarter
USD0.5 million: Increase in noninterest income from the prior year same quarter
USD1.5 million: Decrease in provision for credit losses from the prior quarter
USD0.9 million: Decrease in provision for credit losses from the prior year same quarter
USD1.5 million: Increase in noninterest expense from the prior quarter
USD3.2 million: Increase in noninterest expense from the prior year same quarter
USD8.7 million: Earnings for the six months ended June 30, 2025
USD0.47 per basic share: Earnings per share for the six months ended June 30, 2025
USD6.4 billion: Total assets as of June 30, 2025
USD114.4 million: Increase in total assets from March 31, 2025
USD7.30 percent: Annualized increase in total assets from March 31, 2025
USD65.3 million: Increase in loans outstanding from March 31, 2025
USD5.6 percent: Annualized increase in loans outstanding from March 31, 2025
USD440.5 million: Increase in loans outstanding from June 30, 2024
USD10.30 percent: Increase in loans outstanding from June 30, 2024
USD46.6 million: Increase in deposits in other banks from the prior quarter
USD212.0 million: Increase in deposits in other banks from June 30, 2024
USD100.2 million: Increase in deposits from March 31, 2025
USD7.50 percent: Annualized increase in deposits from March 31, 2025
USD496.7 million: Increase in deposits from June 30, 2024
USD10.0 percent: Increase in deposits from June 30, 2024

Sources:

Community Trust Bancorp, Inc. (NASDAQ: CTBI) - July 17, 2025 press release
M2 Communications - Global Banking News - 17 July 2025