Community Trust Bancorp (CTBI) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 was $27.2 million ($1.51 per share), up 23.8% year-over-year and flat sequentially.

• Diluted EPS was $1.51, up from $1.22 in Q1 2025.

• Return on average assets rose to 1.65% from 1.44% year-over-year.

• Loan portfolio grew 7.6% year-over-year to $5.0 billion, with annualized quarterly growth of 7.9%.

• Deposits, including repurchase agreements, increased 7.0% year-over-year to $5.7 billion.

Financial highlights

• Net interest income for Q1 2026 was $58.8 million, up 14.7% year-over-year and 1.1% sequentially.

• Noninterest income was $15.4 million, up 3.5% year-over-year but down 7.2% sequentially, impacted by a $0.5 million gain from a branch sale in Q4 2025.

• Noninterest expense increased 6.8% year-over-year to $36.5 million.

• Provision for credit losses was $2.3 million, down 35.2% year-over-year.

• Total assets reached $6.7 billion, up 7.4% year-over-year.

Outlook and guidance

• Management expects continued growth in net interest income and stable asset quality.

• Interest rate risk is actively managed; a 200 basis point rate increase is projected to boost net interest income by 2.18% over one year.

• No material adverse regulatory recommendations or liquidity concerns identified.

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