Community Trust Bancorp, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
January 19, 2022 at 07:05 pm IST
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Community Trust Bancorp, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported net interest income was USD 40.82 million compared to USD 38.61 million a year ago. Net income was USD 19.25 million compared to USD 15.83 million a year ago. Basic earnings per share from continuing operations was USD 1.08 compared to USD 0.89 a year ago. Diluted earnings per share from continuing operations was USD 1.08 compared to USD 0.89 a year ago.
For the full year, net interest income was USD 163.08 million compared to USD 150.99 million a year ago. Net income was USD 87.94 million compared to USD 59.5 million a year ago. Basic earnings per share from continuing operations was USD 4.94 compared to USD 3.35 a year ago. Diluted earnings per share from continuing operations was USD 4.94 compared to USD 3.35 a year ago.
Community Trust Bancorp, Inc. (CTBI) is a bank holding company. CTBI owns all the capital stock of one commercial bank and one trust company, serving small and mid-sized communities in eastern, northeastern, central, and south-central Kentucky, southern West Virginia, and northeastern Tennessee. The commercial bank is Community Trust Bank, Inc., Pikeville, Kentucky (CTB) and the trust company is Community Trust and Investment Company, Lexington, Kentucky. CTBI is engaged in a range of commercial and personal banking, and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals, and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes; and providing funds transfer services. The lending activities of CTB include making commercial, construction, mortgage and personal loans.
COMMUNITY TRUST BANCORP, INC. 
