CTBI

Community Trust Bancorp dropped 9.3% in the first session after its Q3 2026 report, wiping away weeks of share price gains in a single move. The reaction looks harsh for a regional bank that just printed quarterly net income of US$25.9 million on revenue of US$70.5 million, while its trailing twelve month earnings reached US$110.0 million. Traders focused on the near term hit. Long term investors are more likely to be weighing whether a bank on roughly 11x earnings with a 3.81% dividend yield and a thick 37.9% net margin still lines up with their multi year thesis. Like the look of Community Trust Bancorp's 37.9% net margin and income stability but uneasy about whether an 11x P/E regional bank is really the best use of your capital? Compare it with a curated group of financially solid peers in our list of solid balance sheet and fundamentals stocks (25 results) - Revenue (Q3 2026 vs. Q3 2025): US$70.53 million vs. US$67.63 million (modest year on year increase in top line) - Net Income (Q3 2026 vs. Q3 2025): US$25.89 million vs. US$23.91 million (higher quarterly profit than the prior year) - Basic EPS (Q3 2026 vs. Q3 2025): US$1.43 vs. US$1.33 (earnings per share improved compared with last year's quarter) - Net Interest Margin (Q3 2026 vs. Q3 2025): 3.8% vs. 3.6% (spread on lending and funding widened year on year) Earnings tell part of the story, yet investors who care about valuation often pay closer attention to the cash that actually flows through Community Trust Bancorp's business. On Community Trust Bancorp's cash flows alone, the NasdaqGS:CTBI stock could be a hefty 38% undervalued. For investors leaning positive on Community Trust Bancorp, the income line still does some heavy lifting. Revenue of US$70.53 million and net income of US$25.89 million both sit above last year's quarter, and earnings per share ticked up to US$1.43. Net interest margin at 3.8% versus 3.6% a year earlier points to lending economics that currently work. That mix, higher profit on a larger top line and a slightly fatter spread, broadly fits the steady community bank income story, even if the share price just took a clear hit. The bear side will point straight at that 9.3% one day share price drop and the weaker 7 day, 30 day, and 90 day returns. Market reaction says investors are questioning how durable these earnings are rather than cheering modest progress. Regional banks can trade on confidence as much as on reported profit, and here sentiment has moved against Community Trust Bancorp despite higher quarterly net income and EPS. That disconnect keeps concerns about concentration risk and sector pressure alive, even with margins currently holding up. Are analysts backing the idea that Community Trust Bancorp's earnings strength is out of step with the latest sentiment reset? See the consensus price target analysis for Community Trust Bancorp. Community Trust Bancorp just reminded you that solid reported results and a sharp price reaction can coexist. The real opportunity sits in finding stocks that could be undervalued before the market closes the gap. - Company 1 - 38% below our estimate - focus on turning a record advisory pipeline and senior hires into larger fee transactions that support margins. - Company 2 - 22% below our estimate - embed AI copilots and cloud tools into routine enterprise workflows as customers transition from pilots to paid usage. - Company 3 - 24% below our estimate - extend coconut based beverages into new retail and private label channels while working to offset packaging and freight costs. That is three of the list. See all 33 potentially undervalued companies → This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include CTBI. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Community Trust Bancorp (CTBI) reported $79.7 million in revenue for the quarter ended September 2026, representing a year-over-year increase of 11.5%. EPS of $1.43 for the same period compares to $1.32 a year ago. The reported revenue represents a surprise of -0.12% over the Zacks Consensus Estimate of $79.8 million. With the consensus EPS estimate being $1.65, the EPS surprise was -13.33%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Community Trust Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: - Efficiency ratio: 45.9% versus the three-analyst average estimate of 47.6%. - Net Interest Margin: 3.6% compared to the 3.8% average estimate based on three analysts. - Average Balances-Interest-earning assets: $6.7 billion versus $6.61 billion estimated by three analysts on average. - Net charge-offs as a % of average loans and leases: 0.5% compared to the 0.2% average estimate based on three analysts. - Total Non Interest Income: $18.65 million versus $16.94 million estimated by three analysts on average. - Net Interest Income: $61.06 million versus the three-analyst average estimate of $62.62 million. - Deposit related fees: $8.58 million versus $8.09 million estimated by two analysts on average. - Loan related fees: $1.27 million compared to the $1.08 million average estimate based on two analysts. - Trust revenue: $4.89 million versus $4.89 million estimated by two analysts on average. View all Key Company Metrics for Community Trust Bancorp here>>> Shares of Community Trust Bancorp have returned +0.3% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Community Trust Bancorp, Inc. (CTBI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

PIKEVILLE, Ky., October 21, 2026--(BUSINESS WIRE)--Community Trust Bancorp, Inc. (NASDAQ:CTBI): Earnings Summary (in thousands except per share data) | 3Q2026 | 2Q2026 | 3Q2025 | YTD2026 | YTD2025 Net income | $25,890 | $29,623 | $23,911 | $82,705 | $70,782 Earnings per share | $1.43 | $1.64 | $1.33 | $4.58 | $3.93 Earnings per share - diluted | $1.43 | $1.64 | $1.32 | $4.57 | $3.92 | | | | | Return on average assets | 1.46% | 1.74% | 1.46% | 1.61% | 1.50% Return on average equity | 11.49% | 13.40% | 11.53% | 12.49% | 11.84% Efficiency ratio | 45.90% | 47.99% | 50.86% | 47.51% | 51.12% Tangible common equity | 11.60% | 11.93% | 11.65% | | | | | | | Dividends declared per share | $0.71 | $0.53 | $0.53 | $1.77 | $1.47 Book value per share | $48.29 | $49.10 | $45.91 | | | | | | | Weighted average shares | 18,069 | 18,064 | 18,019 | 18,061 | 18,009 Weighted average shares - diluted | 18,114 | 18,099 | 18,053 | 18,098 | 18,037 Community Trust Bancorp, Inc. (NASDAQ-CTBI) achieved earnings for the third quarter 2026 of $25.9 million, or $1.43 per basic earnings per share, compared to $29.6 million, or $1.64 per basic share, earned during the second quarter 2026 and $23.9 million, or $1.33 per basic share, earned during the third quarter 2025. Total revenue for the quarter was $1.2 million above prior quarter and $8.2 million above prior year same quarter. Net interest income for the quarter increased $0.2 million compared to prior quarter and $5.5 million compared to prior year same quarter, and noninterest income increased $1.0 million compared to prior quarter and $2.7 million compared to prior year same quarter. Our provision for credit losses for the quarter increased $6.4 million from prior quarter and $5.3 million from prior year same quarter. Noninterest expense decreased $0.9 million compared to prior quarter and $0.3 million compared to prior year same quarter. Earnings for the nine months ended September 30, 2026 were $82.7 million, or $4.58 per basic share, compared to $70.8 million, or $3.93 per basic share, for the same period prior year. 3rd Quarter 2026 Highlights - Net interest income for the quarter of $61.1 million was $0.2 million, or 0.3%, above prior quarter and $5.5 million, or 9.9%, above prior year same quarter, as our net interest margin decreased 17 basis points from prior quarter but increased 3 basis points from prior year same quarter. - Provision for credit losses at $9.2 million for the quarter increased $6.4 million from prior quarter and $5.3 million from prior year same quarter. - Noninterest income for the quarter of $18.6 million was $1.0 million, or 6.0%, above prior quarter and $2.7 million, or 16.9%, above prior year same quarter. - Noninterest expense for the quarter of $36.5 million was $0.9 million, or 2.4%, below prior quarter and $0.3 million, or 0.7%, below prior year same quarter. - Our loan portfolio at $5.3 billion increased $177.9 million, an annualized 13.8%, for the quarter and $509.0 million, or 10.6%, from September 30, 2025. - We had net loan charge-offs of $6.6 million, an annualized 0.50% of average loans, for the quarter compared to $0.9 million, an annualized 0.07% of average loans, for prior quarter and $2.7 million, an annualized 0.23% of average loans, for the third quarter 2025. - Our total nonperforming loans at $22.5 million at September 30, 2026 decreased $7.3 million for the quarter and $2.2 million from September 30, 2025. Nonperforming assets at $27.7 million decreased $5.6 million for the quarter and $1.8 million from September 30, 2025. - Deposits, including repurchase agreements, at $6.0 billion increased $86.1 million, an annualized 5.7%, for the quarter and $370.7 million, or 6.5%, from September 30, 2025. - Shareholders' equity at $877.3 million decreased $14.5 million, an annualized 6.4%, for the quarter but increased $46.0 million, or 5.5%, from September 30, 2025. Net Interest Income | | | | Percent Change | | | | | | | 3Q 2026Compared to: | | | ($ in thousands) | 3Q2026 | 2Q2026 | 3Q2025 | 2Q2026 | 3Q2025 | YTD2026 | YTD2025 | PercentChange Components of net interest income: | | | | | | | | Income on earning assets | $94,893 | $91,238 | $88,562 | 4.0% | 7.1% | $273,886 | $256,187 | 6.9% Expense on interest bearing liabilities | 33,837 | 30,349 | 33,008 | 11.5% | 2.5% | 93,159 | 95,326 | (2.3)% Net interest income | 61,056 | 60,889 | 55,554 | 0.3% | 9.9% | 180,727 | 160,861 | 12.3% TEQ | 284 | 304 | 301 | (6.6)% | (5.4)% | 905 | 857 | 5.6% Net interest income, tax equivalent (non-GAAP) | $61,340 | $61,193 | $55,855 | 0.2% | 9.8% | $181,632 | $161,718 | 12.3% | | | | | | | | Average yield and rates paid: | | | | | | | | Earning assets yield | 5.63% | 5.68% | 5.73% | (0.9)% | (1.7)% | 5.65% | 5.73% | (1.4)% Rate paid on interest bearing liabilities | 2.78% | 2.64% | 3.01% | 5.2% | (7.6)% | 2.68% | 3.01% | (11.0)% Gross interest margin | 2.85% | 3.04% | 2.72% | (6.3)% | 4.7% | 2.97% | 2.72% | 9.1% Net interest margin | 3.63% | 3.80% | 3.60% | (4.4)% | 0.7% | 3.74% | 3.61% | 3.6% | | | | | | | | Average balances: | | | | | | | | Investment securities | $1,126,360 | $1,081,411 | $1,006,259 | 4.2% | 11.9% | $1,107,298 | $1,018,062 | 8.8% Loans | $5,175,712 | $5,051,165 | $4,736,104 | 2.5% | 9.3% | $5,054,596 | $4,646,475 | 8.8% Earning assets | $6,704,985 | $6,464,479 | $6,151,134 | 3.7% | 9.0% | $6,500,315 | $5,995,216 | 8.4% Interest-bearing liabilities | $4,832,747 | $4,610,459 | $4,353,313 | 4.8% | 11.0% | $4,647,249 | $4,236,566 | 9.7% Net interest income for the quarter of $61.1 million was $0.2 million, or 0.3%, above prior quarter and $5.5 million, or 9.9%, above prior year same quarter, as our net interest margin, on a fully tax equivalent basis, decreased 17 basis points from prior quarter but increased 3 basis points from prior year same quarter. Our quarterly average earning assets increased $240.5 million, an annualized 3.7%, from prior quarter and $553.9 million, or 9.0%, from prior year same quarter. Our yield on average earning assets decreased 5 basis points from prior quarter and 10 basis points from prior year same quarter, while our cost of funds increased 14 basis points from prior quarter but decreased 23 basis points from prior year same quarter. Our ratio of average loans to deposits, including repurchase agreements, for the quarter was 86.2% compared to 87.2% for prior quarter and 85.6% for same quarter prior year. Net interest income for the nine months ended September 30, 2026 at $180.7 million was $19.9 million, or 12.3%, above same period prior year. Provision for Credit Losses Our provision for credit losses at $9.2 million for the quarter increased $6.4 million from prior quarter and $5.3 million from prior year same quarter. Of the provision for the quarter, $5.8 million was attributable to the allowance for credit losses, with an additional expense of $0.6 million recognized in the provision for unfunded commitments. The increase in the provision was the result of the increase in net charge-offs in addition to the significant loan growth we experienced during the quarter. Provision for credit losses for the nine months ended September 30, 2026 at $14.3 million was $4.7 million above same period prior year. Noninterest Income | | | | Percent Change | | | | | | | 3Q 2026Compared to: | | | ($ in thousands) | 3Q2026 | 2Q2026 | 3Q2025 | 2Q2026 | 3Q2025 | YTD2026 | YTD2025 | PercentChange Deposit related fees | $8,579 | $7,657 | $8,131 | 12.0% | 5.5% | $23,391 | $22,303 | 4.9% Trust and wealth management income | 4,885 | 4,724 | 4,277 | 3.4% | 14.2% | 14,071 | 12,350 | 13.9% Gains on sales of loans | 33 | 61 | 89 | (46.2)% | (63.5)% | 145 | 213 | (31.8)% Loan related fees | 1,268 | 1,146 | 897 | 10.7% | 41.3% | 3,453 | 3,111 | 11.0% Bank owned life insurance revenue | 1,227 | 1,188 | 1,144 | 3.2% | 7.3% | 4,129 | 3,281 | 25.9% Brokerage revenue | 727 | 528 | 588 | 37.8% | 23.6% | 1,775 | 1,608 | 10.4% Other | 1,929 | 2,295 | 820 | (16.0)% | 135.2% | 4,697 | 4,148 | 13.2% Total noninterest income | $18,648 | $17,599 | $15,946 | 6.0% | 16.9% | $51,661 | $47,014 | 9.9% Noninterest income for the quarter of $18.6 million was $1.0 million, or 6.0%, above prior quarter and $2.7 million, or 16.9%, above prior year same quarter. The variance quarter over quarter was primarily the result of a $0.9 million increase in deposit related fees. Increases in trust and wealth management income ($0.2 million) and brokerage revenue ($0.2 million) were offset by a $0.4 million decline in net securities gains, included in the "Other" row in the table above. Year over year increases for the quarter included net securities gains ($1.0 million), trust and wealth management income ($0.6 million), deposit related fees ($0.4 million), and loan related fees ($0.4 million). The variances in securities gains resulted primarily from changes in the valuation of our equity securities. Noninterest income for the nine months ended September 30, 2026 of $51.7 million was $4.6 million, or 9.9%, above prior year same period. Noninterest Expense | | | | Percent Change | | | | | | | 3Q 2026Compared to: | | | ($ in thousands) | 3Q2026 | 2Q2026 | 3Q2025 | 2Q2026 | 3Q2025 | YTD2026 | YTD2025 | PercentChange Salaries | $14,252 | $13,923 | $13,913 | 2.4% | 2.4% | $41,804 | $40,849 | 2.3% Employee benefits | 7,491 | 9,297 | 7,861 | (19.4)% | (4.7)% | 25,264 | 22,697 | 11.3% Net occupancy and equipment | 3,489 | 3,367 | 3,261 | 3.6% | 7.0% | 10,555 | 9,873 | 6.9% Data processing | 3,077 | 2,851 | 3,575 | 7.9% | (13.9)% | 8,883 | 9,760 | (9.0)% Legal and professional fees | 1,277 | 1,084 | 1,045 | 17.8% | 22.1% | 3,525 | 3,271 | 7.8% Advertising and marketing | 907 | 841 | 953 | 7.9% | (4.8)% | 2,448 | 2,391 | 2.4% Taxes other than property and payroll | 667 | 619 | 564 | 7.9% | 18.3% | 1,903 | 1,666 | 14.2% Other | 5,320 | 5,388 | 5,572 | (1.3)% | (4.5)% | 16,005 | 16,108 | (0.6)% Total noninterest expense | $36,480 | $37,370 | $36,744 | (2.4)% | (0.7)% | $110,387 | $106,615 | 3.5% Noninterest expense for the quarter of $36.5 million was $0.9 million, or 2.4%, below prior quarter and $0.3 million, or 0.7%, below prior year same quarter. The quarter over quarter decrease primarily resulted from a $1.7 million decrease in the cost of our group medical and life insurance, included in employee benefits, partially offset by increases in salaries ($0.3 million), data processing expense ($0.2 million), and legal and professional fees ($0.2 million). The year over year decrease for the quarter primarily resulted from a $0.5 million decrease in data processing expense offset by a $0.2 million increase in legal fees. The decrease in the cost of group medical and life insurance year over year was offset by increases in salaries and bonuses. Noninterest expense for the nine months ended September 30, 2026 of $110.4 million was $3.8 million, or 3.5%, above prior year same period. Balance Sheet Review CTBI's total assets at $7.1 billion increased $72.2 million, or 4.1% annualized, for the quarter and $423.4 million, or 6.4%, from September 30, 2025. Loans outstanding at $5.3 billion increased $177.9 million, an annualized 13.8%, for the quarter and $509.0 million, or 10.6%, from September 30, 2025. The increase in loans for the quarter included a $80.9 million increase in the commercial loan portfolio, a $53.0 million increase in the residential loan portfolio, and a $46.8 million increase in the consumer indirect loan portfolio, partially offset by a $2.8 million decrease in the consumer direct loan portfolio. CTBI's investment portfolio at $1.1 billion increased $60.1 million, an annualized 22.6%, for the quarter and $74.4 million, or 7.1%, from September 30, 2025. Deposits in other banks decreased $178.1 million for the quarter and $164.0 million from September 30, 2025. Total Loans | | | | Percent Change | | | | 3Q 2026 Compared to: ($ in thousands) | 3Q2026 | 2Q2026 | 3Q2025 | 2Q2026 | 3Q2025 Commercial nonresidential real estate | $1,061,605 | $1,005,462 | $921,682 | 5.6% | 15.2% Commercial residential real estate | 633,648 | 599,454 | 573,270 | 5.7% | 10.5% Hotel/motel | 539,287 | 528,697 | 483,833 | 2.0% | 11.5% Other commercial | 443,920 | 463,901 | 446,125 | (4.3)% | (0.5)% Total commercial | 2,678,460 | 2,597,514 | 2,424,910 | 3.1% | 10.5% | | | | | Residential mortgage | 1,336,242 | 1,289,157 | 1,157,540 | 3.7% | 15.4% Home equity loans/lines | 201,192 | 195,270 | 184,191 | 3.0% | 9.2% Total residential | 1,537,434 | 1,484,427 | 1,341,731 | 3.6% | 14.6% | | | | | Consumer indirect | 949,929 | 903,125 | 877,555 | 5.2% | 8.2% Consumer direct | 137,045 | 139,865 | 149,719 | (2.0)% | (8.5)% Total consumer | 1,086,974 | 1,042,990 | 1,027,274 | 4.2% | 5.8% | | | | | Total loans | $5,302,868 | $5,124,931 | $4,793,915 | 3.5% | 10.6% Total Deposits and Repurchase Agreements | | | | Percent Change | | | | 3Q 2026 Compared to: ($ in thousands) | 3Q2026 | 2Q2026 | 3Q2025 | 2Q2026 | 3Q2025 Noninterest bearing deposits | $1,254,885 | $1,259,364 | $1,248,573 | (0.4)% | 0.5% Interest bearing deposits | | | | | Interest checking | 193,714 | 188,978 | 194,327 | 2.5% | (0.3)% Money market savings | 1,862,607 | 1,963,115 | 1,815,111 | (5.1)% | 2.6% Savings accounts | 488,796 | 497,390 | 501,189 | (1.7)% | (2.5)% Time deposits | 1,889,887 | 1,748,916 | 1,626,261 | 8.1% | 16.2% Repurchase agreements | 351,105 | 297,094 | 284,863 | 18.2% | 23.3% Total interest bearing deposits and repurchase agreements | 4,786,109 | 4,695,493 | 4,421,751 | 1.9% | 8.2% Total deposits and repurchase agreements | $6,040,994 | $5,954,857 | $5,670,324 | 1.4% | 6.5% Deposits, including repurchase agreements, at $6.0 billion increased $86.1 million, an annualized 5.7%, for the quarter and $370.7 million, or 6.5%, from September 30, 2025. CTBI is not dependent on any one customer or group of customers for their source of deposits. As of September 30, 2026, two customers accounted for over 3% each (3.8% and 3.7%) of our $5.7 billion in deposits. Only these two customer relationships accounted for more than 1% each of our deposits. Shareholders' equity at $877.3 million decreased $14.5 million, an annualized 6.4%, for the quarter but increased $46.0 million, or 5.5%, from September 30, 2025. Net unrealized losses on securities, net of deferred taxes, were $96.7 million at September 30, 2026, compared to $68.4 million at June 30, 2026 and $71.1 million at September 30, 2025. CTBI's annualized dividend yield to shareholders as of September 30, 2026 was 3.83%. Asset Quality Our total nonperforming loans at $22.5 million at September 30, 2026 decreased $7.3 million for the quarter and $2.2 million from September 30, 2025. Nonaccrual loans at $9.5 million decreased $1.3 million from prior quarter and $6.2 million from September 30, 2025. Accruing loans 90+ days past due at $13.0 million decreased $5.9 million from prior quarter but increased $4.0 million from September 30, 2025. Accruing loans 30-89 days past due at $23.1 million increased $2.8 million from prior quarter and $4.6 million from September 30, 2025. Our loan portfolio management processes focus on the immediate identification, management, and resolution of problem loans to maximize recovery and minimize loss. We had net loan charge-offs of $6.6 million, an annualized 0.50% of average loans, for the quarter compared to $0.9 million, an annualized 0.07% of average loans, for prior quarter and $2.7 million, an annualized 0.23% of average loans, for the third quarter 2025. The increase in net loan charge-offs was primarily attributable to an $8.7 million commercial relationship previously reported as an accruing loan 90+ past due and in the process of collection. At June 30, 2026, management's analysis suggested that this loan was well secured. During September, the collateral was sold at auction, and we received a significantly lower amount at bid, resulting in a $4.3 million charge-off. Of the net charge-offs for the quarter, $5.0 million were in commercial loans, $1.3 million were in consumer indirect loans, and $0.3 million were in consumer direct loans. Net loan charge-offs for the nine months ended September 30, 2026 were $8.8 million, or an annualized 0.23% of average loans, compared to $5.7 million, or an annualized 0.16% of average loans, for the same period prior year. Allowance for Credit Losses Our reserve coverage (allowance for credit losses to nonperforming loans) at September 30, 2026 was 289.3% compared to 211.8% at June 30, 2026 and 239.5% at September 30, 2025. Our allowance for credit losses as a percentage of total loans outstanding at September 30, 2026 remained at 1.23% from June 30, 2026 and September 30, 2025. The table below shows the changes in components of the allowance for credit losses during the third quarter 2026: Beginning balance | $63,001 New loan volume | 6,146 Changes in existing loan balances | (882) Loans exiting | (2,969) Historical loss rate | (381) Qualitative factors | 240 Other changes | (96) Ending balance | $65,059 Forward-Looking Statements Certain of the statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. CTBI's actual results may differ materially from those included in the forward-looking statements. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "anticipate," "intend," "estimate," "may increase," "may fluctuate," and similar expressions or future or conditional verbs such as "will," "should," "would," and "could." These forward-looking statements involve risks and uncertainties including, but not limited to, economic conditions, portfolio growth, the credit performance of the portfolios, including bankruptcies, and seasonal factors; changes in general economic conditions including the performance of financial markets, prevailing inflation and interest rates, realized gains from sales of investments, gains from asset sales, and losses on commercial lending activities; the effects of epidemics, pandemics, or other infectious disease outbreaks; results of various investment activities; the effects of competitors' pricing policies, changes in laws and regulations, competition, and demographic changes on target market populations' savings and financial planning needs; industry changes in information technology systems on which we are highly dependent; failure of acquisitions to produce revenue enhancements or cost savings at levels or within the time frames originally anticipated or unforeseen integration difficulties; the resolution of legal proceedings and related matters. In addition, the banking industry in general is subject to various monetary, operational, and fiscal policies and regulations, which include, but are not limited to, those determined by the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, and state regulators, whose policies, regulations, and enforcement actions could affect CTBI's results. These statements are representative only on the date hereof, and CTBI undertakes no obligation to update any forward-looking statements made. Community Trust Bancorp, Inc., with assets of $7.1 billion, is headquartered in Pikeville, Kentucky and has 69 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee. Additional information follows. Community Trust Bancorp, Inc. Financial Summary (Unaudited) September 30, 2026 (in thousands except per share data and # of employees) | | | | | | | | | | Three | | Three | | Three | | Nine | | Nine | Months | | Months | | Months | | Months | | Months | Ended | | Ended | | Ended | | Ended | | Ended | September 30, 2026 | | June 30, 2026 | | September 30, 2025 | | September 30, 2026 | | September 30, 2025 Interest income | $ | 94,893 | | $ | 91,238 | | $ | 88,562 | | $ | 273,886 | | $ | 256,187 Interest expense | | 33,837 | | | 30,349 | | | 33,008 | | | 93,159 | | | 95,326 Net interest income | | 61,056 | | | 60,889 | | | 55,554 | | | 180,727 | | | 160,861 Provision for credit losses | | 9,171 | | | 2,771 | | | 3,866 | | | 14,253 | | | 9,528 | | | | | | | | | Gains on sales of loans | | 33 | | | 61 | | | 89 | | | 145 | | | 213 Deposit related fees | | 8,579 | | | 7,657 | | | 8,131 | | | 23,391 | | | 22,303 Trust and wealth management income | | 4,885 | | | 4,724 | | | 4,277 | | | 14,071 | | | 12,350 Loan related fees | | 1,268 | | | 1,146 | | | 897 | | | 3,453 | | | 3,111 Securities gains (losses) | | 515 | | | 924 | | | (449) | | | 951 | | | 181 Other noninterest income | | 3,368 | | | 3,087 | | | 3,001 | | | 9,650 | | | 8,856 Total noninterest income | | 18,648 | | | 17,599 | | | 15,946 | | | 51,661 | | | 47,014 | | | | | | | | | Personnel expense | | 21,743 | | | 23,220 | | | 21,774 | | | 67,068 | | | 63,546 Occupancy and equipment | | 3,489 | | | 3,367 | | | 3,261 | | | 10,555 | | | 9,873 Data processing expense | | 3,077 | | | 2,851 | | | 3,575 | | | 8,883 | | | 9,760 FDIC insurance premiums | | 750 | | | 751 | | | 703 | | | 2,245 | | | 2,080 Other noninterest expense | | 7,421 | | | 7,181 | | | 7,431 | | | 21,636 | | | 21,356 Total noninterest expense | | 36,480 | | | 37,370 | | | 36,744 | | | 110,387 | | | 106,615 | | | | | | | | | Net income before taxes | | 34,053 | | | 38,347 | | | 30,890 | | | 107,748 | | | 91,732 Income taxes | | 8,163 | | | 8,724 | | | 6,979 | | | 25,043 | | | 20,950 Net income | $ | 25,890 | | $ | 29,623 | | $ | 23,911 | | $ | 82,705 | | $ | 70,782 | | | | | | | | | Memo: TEQ interest income | $ | 95,177 | | $ | 91,542 | | $ | 88,863 | | $ | 274,791 | | $ | 257,044 | | | | | | | | | Average shares outstanding | | 18,069 | | | 18,064 | | | 18,019 | | | 18,061 | | | 18,009 Diluted average shares outstanding | | 18,114 | | | 18,099 | | | 18,053 | | | 18,098 | | | 18,037 Basic earnings per share | $ | 1.43 | | $ | 1.64 | | $ | 1.33 | | $ | 4.58 | | $ | 3.93 Diluted earnings per share | $ | 1.43 | | $ | 1.64 | | $ | 1.32 | | $ | 4.57 | | $ | 3.92 Dividends per share | $ | 0.71 | | $ | 0.53 | | $ | 0.53 | | $ | 1.77 | | $ | 1.47 | | | | | | | | | Average balances: | | | | | | | | | Loans | $ | 5,175,712 | | $ | 5,051,165 | | $ | 4,736,104 | | $ | 5,054,596 | | $ | 4,646,475 Earning assets | | 6,704,985 | | | 6,464,479 | | | 6,151,134 | | | 6,500,315 | | | 5,995,216 Total assets | | 7,049,781 | | | 6,817,407 | | | 6,487,817 | | | 6,846,923 | | | 6,327,184 Deposits, including repurchase agreements | | 6,008,105 | | | 5,793,767 | | | 5,531,461 | | | 5,822,548 | | | 5,399,692 Interest bearing liabilities | | 4,832,747 | | | 4,610,459 | | | 4,353,313 | | | 4,647,249 | | | 4,236,566 Shareholders' equity | | 894,271 | | | 886,914 | | | 823,016 | | | 885,046 | | | 798,996 | | | | | | | | | Performance ratios: | | | | | | | | | Return on average assets | | 1.46% | | | 1.74% | | | 1.46% | | | 1.61% | | | 1.50% Return on average equity | | 11.49% | | | 13.40% | | | 11.53% | | | 12.49% | | | 11.84% Yield on average earning assets (tax equivalent) | | 5.63% | | | 5.68% | | | 5.73% | | | 5.65% | | | 5.73% Cost of interest bearing funds (tax equivalent) | | 2.78% | | | 2.64% | | | 3.01% | | | 2.68% | | | 3.01% Net interest margin (tax equivalent) | | 3.63% | | | 3.80% | | | 3.60% | | | 3.74% | | | 3.61% Efficiency ratio (tax equivalent) | | 45.90% | | | 47.99% | | | 50.86% | | | 47.51% | | | 51.12% | | | | | | | | | Loan charge-offs | $ | 7,724 | | $ | 2,112 | | $ | 4,024 | | $ | 12,522 | | $ | 9,274 Recoveries | | (1,172) | | | (1,195) | | | (1,276) | | | (3,735) | | | (3,598) Net charge-offs | $ | 6,552 | | $ | 917 | | $ | 2,748 | | $ | 8,787 | | $ | 5,676 | | | | | | | | | Market Price: | | | | | | | | | High | $ | 79.92 | | $ | 73.22 | | $ | 59.67 | | $ | 79.92 | | $ | 59.67 Low | $ | 70.60 | | $ | 60.40 | | $ | 52.60 | | $ | 56.05 | | $ | 44.60 Close | $ | 74.22 | | $ | 72.36 | | $ | 55.95 | | $ | 74.22 | | $ | 55.95 | | | | | | | | | Community Trust Bancorp, Inc. Financial Summary (Unaudited) September 30, 2026 (in thousands except per share data and # of employees) | | | | | | | | | | | | | | As of | | As of | | As of | | | | | September 30, 2026 | | June 30, 2026 | | September 30, 2025 Assets: | | | | | | | | | Loans | | | | | $ | 5,302,868 | | $ | 5,124,931 | | $ | 4,793,915 Allowance for credit losses | | | | | | (65,059) | | | (63,001) | | | (59,135) Net loans | | | | | | 5,237,809 | | | 5,061,930 | | | 4,734,780 Loans held for sale | | | | | | 150 | | | - | | | 483 Securities AFS | | | | | | 1,111,268 | | | 1,051,681 | | | 1,037,965 Equity securities at fair value | | | | | | 5,093 | | | 4,578 | | | 3,961 Other equity investments | | | | | | 11,176 | | | 10,412 | | | 9,948 Other earning assets | | | | | | 274,493 | | | 452,627 | | | 438,501 Cash and due from banks | | | | | | 59,170 | | | 63,815 | | | 71,218 Premises and equipment | | | | | | 53,143 | | | 53,065 | | | 52,245 Right of use asset | | | | | | 14,531 | | | 14,957 | | | 15,974 Goodwill and core deposit intangible | | | | | | 65,490 | | | 65,490 | | | 65,490 Other assets | | | | | | 229,249 | | | 210,816 | | | 207,564 Total Assets | | | | | $ | 7,061,572 | | $ | 6,989,371 | | $ | 6,638,129 | | | | | | | | | Liabilities and Equity: | | | | | | | | | Interest bearing checking | | | | | $ | 193,714 | | $ | 188,978 | | $ | 194,327 Savings deposits | | | | | | 2,351,403 | | | 2,460,505 | | | 2,316,300 CD's >=$100,000 | | | | | | 1,208,796 | | | 1,107,635 | | | 992,728 Other time deposits | | | | | | 681,091 | | | 641,281 | | | 633,533 Total interest bearing deposits | | | | | | 4,435,004 | | | 4,398,399 | | | 4,136,888 Noninterest bearing deposits | | | | | | 1,254,885 | | | 1,259,364 | | | 1,248,573 Total deposits | | | | | | 5,689,889 | | | 5,657,763 | | | 5,385,461 Repurchase agreements | | | | | | 351,105 | | | 297,094 | | | 284,863 Other interest bearing liabilities | | | | | | 64,383 | | | 64,448 | | | 64,641 Lease liabilities | | | | | | 15,621 | | | 16,000 | | | 16,909 Other noninterest bearing liabilities | | | | | | 63,239 | | | 62,239 | | | 54,882 Total liabilities | | | | | | 6,184,237 | | | 6,097,544 | | | 5,806,756 Shareholders' equity | | | | | | 877,335 | | | 891,827 | | | 831,373 Total Liabilities and Equity | | | | | $ | 7,061,572 | | $ | 6,989,371 | | $ | 6,638,129 | | | | | | | | | Ending shares outstanding | | | | | | 18,168 | | | 18,164 | | | 18,110 | | | | | | | | | 30 - 89 days past due loans | | | | | $ | 23,149 | | $ | 20,301 | | $ | 18,500 90 days past due loans | | | | | | 13,022 | | | 18,951 | | | 9,040 Nonaccrual loans | | | | | | 9,465 | | | 10,794 | | | 15,647 Foreclosed properties | | | | | | 5,212 | | | 3,517 | | | 4,856 | | | | | | | | | Community bank leverage ratio | | | | | | 13.60% | | | 13.89% | | | 13.68% Tangible equity to tangible assets ratio | | | | | | 11.60% | | | 11.93% | | | 11.65% FTE employees | | | | | | 968 | | | 970 | | | 929 View source version on businesswire.com: https://www.businesswire.com/news/home/20261021205663/en/ Contacts For Additional Information, Please Contact Mark A. Gooch, Chairman, President, and CEO, Community Trust Bancorp, Inc. at (606) 437-3229

Community Trust Bancorp (CTBI) came out with quarterly earnings of $1.43 per share, missing the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.32 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -13.33%. A quarter ago, it was expected that this bank holding company for Community Trust Bank would post earnings of $1.52 per share when it actually produced earnings of $1.64, delivering a surprise of +7.89%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Community Trust Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $79.7 million for the quarter ended September 2026, missing the Zacks Consensus Estimate by 0.12%. This compares to year-ago revenues of $71.5 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Community Trust Bancorp shares have added about 33.3% since the beginning of the year versus the S&P 500's gain of 12.7%. While Community Trust Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Community Trust Bancorp was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.62 on $79.83 million in revenues for the coming quarter and $6.41 on $312.07 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Trustmark (TRMK), has yet to report results for the quarter ended September 2026. The results are expected to be released on October 27. This holding company for Trustmark National Bank is expected to post quarterly earnings of $1.00 per share in its upcoming report, which represents a year-over-year change of +6.4%. The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. Trustmark's revenues are expected to be $215.13 million, up 4.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Community Trust Bancorp, Inc. (CTBI) : Free Stock Analysis Report Trustmark Corporation (TRMK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

PIKEVILLE, Ky., July 15, 2026--(BUSINESS WIRE)--Community Trust Bancorp, Inc. (NASDAQ:CTBI): Earnings Summary Community Trust Bancorp, Inc. (NASDAQ-CTBI) achieved record earnings for the second quarter 2026 of $29.6 million, or $1.64 per basic earnings per share, compared to $27.2 million, or $1.51 per basic share, earned during the first quarter 2026 and $24.9 million, or $1.38 per basic share, earned during the second quarter 2025. Total revenue for the quarter was $4.3 million above prior quarter and $8.3 million above prior year same quarter. Net interest income for the quarter increased $2.1 million compared to prior quarter and $6.8 million compared to prior year same quarter, and noninterest income increased $2.2 million compared to prior quarter and $1.4 million compared to prior year same quarter. Our provision for credit losses for the quarter increased $0.5 million from prior quarter and $0.7 million from prior year same quarter. Noninterest expense increased $0.8 million compared to prior quarter and $1.7 million compared to prior year same quarter. Earnings for the six months ended June 30, 2026 were $56.8 million, or $3.15 per basic share, compared to $46.9 million, or $2.60 per basic share, for the same period prior year. 2nd Quarter 2026 Highlights Net interest income for the quarter of $60.9 million was $2.1 million, or 3.6%, above prior quarter and $6.8 million, or 12.7%, above prior year same quarter, as our net interest margin increased 1 basis point from prior quarter and 16 basis points from prior year same quarter. Provision for credit losses at $2.8 million for the quarter increased $0.5 million from prior quarter and $0.7 million from prior year same quarter. Noninterest income for the quarter of $17.6 million was $2.2 million, or 14.2%, above prior quarter and $1.4 million, or 8.8%, above prior year same quarter. Noninterest expense for the quarter of $37.4 million was $0.8 million, or 2.3%, above prior quarter and $1.7 million, or 4.8%, above prior year same quarter. Our loan portfolio at $5.1 billion increased $134.1 million, an annualized 10.8%, for the quarter and $423.1 million, or 9.0%, from June 30, 2025. We had net loan charge-offs of $0.9 million, an annualized 0.07% of average loans, for the quarter compared to $1.3 million, an annualized 0.11% of average loans, for prior quarter and $1.4 million, an annualized 0.12% of average loans, for the second quarter 2025. Our total nonperforming loans at $29.7 million at June 30, 2026 increased $9.0 million for the quarter and $5.4 million from June 30, 2025. Nonperforming assets at $33.3 million increased $9.2 million for the quarter and $4.0 million from June 30, 2025. Deposits, including repurchase agreements, at $6.0 billion increased $221.9 million, an annualized 15.5%, for the quarter and $496.8 million, or 9.1%, from June 30, 2025. Shareholders’ equity at $891.8 million increased $20.6 million, an annualized 9.5%, for the quarter and $85.0 million, or 10.5%, from June 30, 2025. Net Interest Income Net interest income for the quarter of $60.9 million was $2.1 million, or 3.6%, above prior quarter and $6.8 million, or 12.7%, above prior year same quarter, as our net interest margin, on a fully tax equivalent basis, increased 1 basis point from prior quarter and 16 basis points from prior year same quarter. Our quarterly average earning assets increased $137.2 million, an annualized 2.2%, from prior quarter and $481.4 million, or 8.0%, from prior year same quarter. Our yield on average earning assets increased 3 basis points from prior quarter but decreased 8 basis points from prior year same quarter, while our cost of funds increased 3 basis points from prior quarter but decreased 36 basis points from prior year same quarter. Our ratio of average loans to deposits, including repurchase agreements, for the quarter remained at 87.2% from prior quarter compared to 86.6% for same quarter prior year. Net interest income for the six months ended June 30, 2026 at $119.7 million was $14.4 million, or 13.6%, above same period prior year. Provision for Credit Losses Our provision for credit losses at $2.8 million for the quarter increased $0.5 million from prior quarter and $0.7 million from prior year same quarter. Of the provision for the quarter, $2.6 million was attributable to the allowance for credit losses, with an additional expense of $174 thousand recognized in the provision for unfunded commitments. Provision for credit losses for the six months ended June 30, 2026 at $5.1 million was $0.6 million below same period prior year. Noninterest Income Noninterest income for the quarter of $17.6 million was $2.2 million, or 14.2%, above prior quarter and $1.4 million, or 8.8%, above prior year same quarter. The variance quarter over quarter was primarily the result of increases in net securities gains ($1.4 million), deposit related fees ($0.5 million), and trust and wealth management income ($0.3 million). Year over year increases for the quarter included net securities gains ($0.8 million), deposit related fees ($0.3 million), and trust and wealth management income ($0.6 million). The variances in securities gains resulted primarily from changes in the valuation of our equity securities, as we converted a portion of Visa Class B stock to Class C. Noninterest income for the six months ended June 30, 2026 of $33.0 million was $1.9 million, or 6.3%, above prior year same period. Noninterest Expense Noninterest expense for the quarter of $37.4 million was $0.8 million, or 2.3%, above prior quarter and $1.7 million, or 4.8%, above prior year same quarter. The quarter over quarter increase primarily resulted from an increase in salaries ($0.3 million) and employee benefits ($0.8 million), partially offset by a decrease in net occupancy and equipment expense ($0.3 million). The increase in employee benefits included increases in bonuses and incentives ($0.2 million) and the cost of group medical and life insurance expense ($0.8 million). The year over year increase for the quarter primarily resulted from increases in salaries ($0.3 million) and employee benefits ($1.3 million), including an increase in the cost of group medical and life insurance expense ($2.0 million) partially offset by a decrease in bonuses and incentives ($0.5 million). Noninterest expense for the six months ended June 30, 2026 of $73.9 million was $4.0 million, or 5.8%, above prior year same period. Balance Sheet Review Total Loans Total Deposits and Repurchase Agreements CTBI’s total assets at $7.0 billion increased $248.2 million, or 14.8% annualized, for the quarter and $598.4 million, or 9.4%, from June 30, 2025. Loans outstanding at $5.1 billion increased $134.1 million, an annualized 10.8%, for the quarter and $423.1 million, or 9.0%, from June 30, 2025. The increase in loans for the quarter included a $57.4 million increase in the commercial loan portfolio, a $47.5 million increase in the residential loan portfolio, a $29.1 million increase in the consumer indirect loan portfolio, and a $0.1 million increase in the consumer direct loan portfolio. CTBI’s investment portfolio at $1.1 billion decreased $35.6 million, an annualized 13.1%, for the quarter as management allocated investment maturities into the loan portfolio but increased $56.9 million, or 5.7%, from June 30, 2025. Deposits in other banks increased $183.4 million for the quarter and $131.8 million from June 30, 2025. Deposits, including repurchase agreements, at $6.0 billion increased $221.9 million, an annualized 15.5%, for the quarter and $496.8 million, or 9.1%, from June 30, 2025. CTBI is not dependent on any one customer or group of customers for their source of deposits. As of June 30, 2026, two customers accounted for over 3% each (3.5% and 3.1%) of our $5.7 billion in deposits. Only these two customer relationships accounted for more than 1% each of our deposits. Shareholders’ equity at $891.8 million increased $20.6 million, an annualized 9.5%, for the quarter and $85.0 million, or 10.5%, from June 30, 2025. Net unrealized losses on securities, net of deferred taxes, were $68.4 million at June 30, 2026, compared to $68.0 million at March 31, 2026 and $80.6 million at June 30, 2025. CTBI’s annualized dividend yield to shareholders as of June 30, 2026 was 2.93%. Asset Quality Our total nonperforming loans at $29.7 million at June 30, 2026 increased $9.0 million for the quarter and $5.4 million from June 30, 2025. Nonaccrual loans at $10.8 million decreased $0.3 million from prior quarter and $5.1 million from June 30, 2025. Accruing loans 90+ days past due at $19.0 million increased $9.4 million from prior quarter and $10.5 million from June 30, 2025, as a well secured $8.7 million commercial relationship in the process of collection moved from the 30-89 days past due category during the quarter. Accruing loans 30-89 days past due at $20.3 million decreased $4.5 million from prior quarter but increased $0.2 million from June 30, 2025. Our loan portfolio management processes focus on the immediate identification, management, and resolution of problem loans to maximize recovery and minimize loss. We had net loan charge-offs of $0.9 million, an annualized 0.07% of average loans, for the quarter compared to $1.3 million, an annualized 0.11% of average loans, for prior quarter and $1.4 million, an annualized 0.12% of average loans, for the second quarter 2025. Of the net charge-offs for the quarter, $0.2 million were in commercial loans, $0.5 million were in consumer indirect loans, and $0.2 million were in consumer direct loans. Net loan charge-offs for the six months ended June 30, 2026 were $2.2 million, or an annualized 0.09% of average loans, compared to $2.9 million, or an annualized 0.13% of average loans, for the same period prior year. Allowance for Credit Losses Our reserve coverage (allowance for credit losses to nonperforming loans) at June 30, 2026 was 211.8% compared to 295.8% at March 31, 2026 and 237.1% at June 30, 2025. Our allowance for credit losses as a percentage of total loans outstanding at June 30, 2026 remained at 1.23% from March 31, 2026 and June 30, 2026. The table below shows the changes in components of the allowance for credit losses during the second quarter 2026: Forward-Looking Statements Certain of the statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. CTBI’s actual results may differ materially from those included in the forward-looking statements. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "anticipate," "intend," "estimate," "may increase," "may fluctuate," and similar expressions or future or conditional verbs such as "will," "should," "would," and "could." These forward-looking statements involve risks and uncertainties including, but not limited to, economic conditions, portfolio growth, the credit performance of the portfolios, including bankruptcies, and seasonal factors; changes in general economic conditions including the performance of financial markets, prevailing inflation and interest rates, realized gains from sales of investments, gains from asset sales, and losses on commercial lending activities; the effects of epidemics, pandemics, or other infectious disease outbreaks; results of various investment activities; the effects of competitors’ pricing policies, changes in laws and regulations, competition, and demographic changes on target market populations’ savings and financial planning needs; industry changes in information technology systems on which we are highly dependent; failure of acquisitions to produce revenue enhancements or cost savings at levels or within the time frames originally anticipated or unforeseen integration difficulties; the resolution of legal proceedings and related matters. In addition, the banking industry in general is subject to various monetary, operational, and fiscal policies and regulations, which include, but are not limited to, those determined by the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, and state regulators, whose policies, regulations, and enforcement actions could affect CTBI’s results. These statements are representative only on the date hereof, and CTBI undertakes no obligation to update any forward-looking statements made. Community Trust Bancorp, Inc., with assets of $7.0 billion, is headquartered in Pikeville, Kentucky and has 69 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee. Additional information follows. View source version on businesswire.com: https://www.businesswire.com/news/home/20260715960484/en/ Contacts For additional information, please contact Mark A. Gooch, Chairman, President, and CEO, Community Trust Bancorp, Inc. at (606) 437-3229

Community Trust Bancorp (CTBI) came out with quarterly earnings of $1.64 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to earnings of $1.38 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +7.90%. A quarter ago, it was expected that this bank holding company for Community Trust Bank would post earnings of $1.39 per share when it actually produced earnings of $1.5, delivering a surprise of +7.91%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Community Trust Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $78.49 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.87%. This compares to year-ago revenues of $70.21 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Community Trust Bancorp shares have added about 27.9% since the beginning of the year versus the S&P 500's gain of 10.2%. While Community Trust Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Community Trust Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.56 on $77.9 million in revenues for the coming quarter and $6.13 on $306.5 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, F.N.B. (FNB), is yet to report results for the quarter ended June 2026. The results are expected to be released on July 16. This financial holding company is expected to post quarterly earnings of $0.42 per share in its upcoming report, which represents a year-over-year change of +16.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. F.N.B.'s revenues are expected to be $467.96 million, up 6.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Community Trust Bancorp, Inc. (CTBI) : Free Stock Analysis Report F.N.B. Corporation (FNB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The market expects Simmons First National (SFNC) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 16. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This bank holding company is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of +20.5%. Revenues are expected to be $250.4 million, up 16.9% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.62% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Simmons First National, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.47%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that Simmons First National will most likely beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Simmons First National would post earnings of $0.47 per share when it actually produced earnings of $0.47, delivering no surprise. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Simmons First National appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Community Trust Bancorp (CTBI), another stock in the Zacks Banks - Southeast industry, is expected to report earnings per share of $1.52 for the quarter ended June 2026. This estimate points to a year-over-year change of +10.1%. Revenues for the quarter are expected to be $76.3 million, up 8.7% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Community Trust Bancorp has been revised 1.3% up to the current level. Nevertheless, the company now has an Earnings ESP of +1.10%, reflecting a higher Most Accurate Estimate. This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Community Trust Bancorp will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Simmons First National Corporation (SFNC) : Free Stock Analysis Report Community Trust Bancorp, Inc. (CTBI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The market expects Community Trust Bancorp (CTBI) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. 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 stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This bank holding company for Community Trust Bank is expected to post quarterly earnings of $1.52 per share in its upcoming report, which represents a year-over-year change of +10.1%. Revenues are expected to be $76.3 million, up 8.7% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.3% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Community Trust Bancorp, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.10%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that Community Trust Bancorp will most likely beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Community Trust Bancorp would post earnings of $1.39 per share when it actually produced earnings of $1.50, delivering a surprise of +7.91%. Over the last four quarters, the company has beaten consensus EPS estimates three times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Community Trust Bancorp appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Community Trust Bancorp, Inc. (CTBI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

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. The upward trend in estimate revisions for this bank holding company for Community Trust Bank reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. Consensus earnings estimates for the next quarter and full year have moved considerably higher for Community Trust Bancorp, as there has been strong agreement among the covering analysts in raising estimates. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: The company is expected to earn $1.52 per share for the current quarter, which represents a year-over-year change of +10.1%. Over the last 30 days, the Zacks Consensus Estimate for Community Trust Bancorp has increased 5.94% because two estimates have moved higher compared to no negative revisions. For the full year, the company is expected to earn $6.08 per share, representing a year-over-year change of +12.0%. In terms of estimate revisions, the trend for the current year also appears quite encouraging for Community Trust Bancorp. Over the past month, two estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 5.1%. Thanks to promising estimate revisions, Community Trust Bancorp currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. Community Trust Bancorp shares have added 10.2% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Community Trust Bancorp, Inc. (CTBI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research