A Business at a Glance
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COMMUNITY TRUST BANCORP INC /KY/
CTBI
$1.4B
Mkt Cap
$76.15
+1.91%
COMMUNITY TRUST BANCORP INC /KY/ (CTBI) has a current P/E ratio of 14.0, compared to its historical median P/E of 9.7. The stock is currently considered Expensive based on its historical valuation range.
COMMUNITY TRUST BANCORP INC /KY/ (CTBI) has a 5-year average return on invested capital (ROIC) of 11.4%. This indicates solid capital allocation.
COMMUNITY TRUST BANCORP INC /KY/ (CTBI) has a market capitalization of $1.4B. It is classified as a small-cap stock.
Yes, COMMUNITY TRUST BANCORP INC /KY/ (CTBI) pays a dividend with a trailing twelve-month yield of 2.62%.
Based on historical P/E analysis, COMMUNITY TRUST BANCORP INC /KY/ (CTBI) appears expensive. The current P/E of 14.0 is 44% above its historical median of 9.7. The estimated fair value CAGR (P/E method) is 5.9%.
COMMUNITY TRUST BANCORP INC /KY/ (CTBI) operates in the State Commercial Banks industry, within the Financials sector.
COMMUNITY TRUST BANCORP INC /KY/ (CTBI) reported annual revenue of $409 million in its most recent fiscal year, based on SEC EDGAR filings.
Community Trust Bancorp, Inc. (“CTBI”) is a bank holding company registered with the Board of Governors of the Federal Reserve System pursuant to Section 5(a) of the Bank Holding Company Act of 1956, as amended. CTBI was incorporated August 12, 1980, under the laws of the Commonwealth of Kentucky for the purpose of becoming a bank holding company. Currently, 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 (“CTIC”). At December 31, 2025, CTBI had total consolidated assets of $6.7 billion and total consolidated deposits, including repurchase agreements, of $5.7 billion.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 409M | 409M | 376M | 326M | 256M | 239M |
| Net Income | 98M | 98M | 83M | 78M | 82M | 88M |
| EPS | $5.43 | $5.43 | $4.61 | $4.36 | $4.58 | $4.94 |
| Free Cash Flow | 97M | 97M | 97M | 80M | 93M | 113M |
| ROIC | 10.7% | 11.3% | 10.4% | 10.7% | 11.8% | 13.0% |
| Gross Margin | 69.4% | 69.4% | 67.2% | 73.0% | 86.9% | 91.0% |
| Debt/Equity | 0.44 | 0.44 | 0.40 | 0.41 | 0.44 | 0.39 |
| Dividends/Share | $1.99 | $2.00 | $1.86 | $1.80 | $1.68 | $1.57 |
| Operating Income | 5.7M | 5.7M | 4.4M | 4.5M | 4.4M | 111M |
| Operating Margin | 1.4% | 1.4% | 1.2% | 1.4% | 1.7% | 46.4% |
| ROE | 11.5% | 12.2% | 11.3% | 11.7% | 12.3% | 13.0% |
| Shares Outstanding | 18M | 18M | 18M | 18M | 18M | 18M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 189M | 191M | 195M | 204M | 223M | 236M | 231M | 239M | 256M | 326M | 376M | 409M | 409M |
| Gross Margin | 89.1% | 89.3% | 89.0% | 87.4% | 84.1% | 80.8% | 82.0% | 91.0% | 86.9% | 73.0% | 67.2% | 69.4% | 69.4% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 106M | 105M | 107M | 110M | 117M | 118M | 119M | 119M | 121M | 125M | 131M | 143M | 143M |
| EBIT | 2.9M | 4.0M | 3.9M | 4.4M | 4.7M | 3.9M | 3.3M | 111M | 4.4M | 4.5M | 4.4M | 5.7M | 5.7M |
| Op. Margin | 1.6% | 2.1% | 2.0% | 2.1% | 2.1% | 1.6% | 1.4% | 46.4% | 1.7% | 1.4% | 1.2% | 1.4% | 1.4% |
| Net Income | 43M | 46M | 47M | 51M | 59M | 65M | 60M | 88M | 82M | 78M | 83M | 98M | 98M |
| Net Margin | 22.9% | 24.3% | 24.3% | 25.2% | 26.5% | 27.4% | 25.8% | 36.9% | 32.0% | 23.9% | 22.0% | 24.0% | 24.0% |
| Non-Recurring | 73K | 321K | -46K | -40K | 175K | -360K | -390K | 165K | 354K | 408K | 102K | 665K | 665K |
| Returns on Capital | |||||||||||||
| ROIC | 10.0% | 10.0% | 9.7% | 10.0% | 10.8% | 10.9% | 9.3% | 13.0% | 11.8% | 10.7% | 10.4% | 11.3% | 10.7% |
| ROE | 10.1% | 10.1% | 9.7% | 10.0% | 10.8% | 10.9% | 9.4% | 13.0% | 12.3% | 11.7% | 11.3% | 12.2% | 11.5% |
| ROA | 1.2% | 1.2% | 1.2% | 1.3% | 1.4% | 1.5% | 1.3% | 1.7% | 1.5% | 1.4% | 1.4% | 1.5% | 1.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 58M | 55M | 61M | 62M | 65M | 83M | 62M | 116M | 100M | 86M | 105M | 105M | 105M |
| Free Cash Flow | 55M | 53M | 58M | 60M | 63M | 81M | 61M | 113M | 93M | 80M | 97M | 97M | 97M |
| Owner Earnings | 53M | 50M | 57M | 58M | 61M | 79M | 58M | 112M | 95M | 81M | 100M | 99M | 99M |
| CapEx | 2.1M | 2.2M | 3.5M | 2.4M | 2.8M | 2.6M | 1.5M | 2.4M | 6.2M | 6.3M | 8.1M | 7.6M | 7.6M |
| Maint. CapEx | 4.1M | 3.7M | 3.7M | 3.9M | 3.8M | 3.8M | 3.5M | 3.2M | 3.3M | 3.6M | 3.7M | 4.0M | 4.0M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.9M | 2.7M | 4.4M | 3.6M | 3.6M |
| D&A | 4.1M | 3.7M | 3.7M | 3.9M | 3.8M | 3.8M | 3.5M | 3.2M | 3.3M | 3.6M | 3.7M | 4.0M | 4.0M |
| CapEx/OCF | 3.6% | 4.1% | 5.7% | 3.8% | 4.3% | 3.1% | 2.4% | 2.1% | 6.2% | 7.4% | 7.7% | 7.2% | 7.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 21M | 21M | 22M | 23M | 24M | 26M | 27M | 28M | 30M | 32M | 33M | 36M | 36M |
| Dividend Yield | 5.1% | 5.3% | 5.0% | 4.0% | 3.9% | 4.6% | 5.6% | 4.5% | 4.5% | 5.2% | 4.2% | 3.8% | 2.6% |
| Share Buybacks | 0 | 189K | 382K | 0 | 0 | 0 | 1.1M | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | 0.0% | 0.1% | N/A | N/A | N/A | 0.2% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 852K | 783K | 458K | 636K | 710K | 859K | 944K | 850K | 1.4M | 1.6M | 1.4M | 1.8M | 1.8M |
| Debt Repayment | 26M | 0 | 0 | 1.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -473M | -502M | -468M | -484M | -499M | -627M | -978M | -1.5B | -1.1B | -1.1B | -1.1B | -1.1B | 9.4M |
| Cash & Equiv. | 106M | 188M | 145M | 175M | 141M | 265M | 338M | 312M | 129M | 271M | 370M | 364M | 364M |
| Long-Term Debt | 1.1M | 1.2M | 1.4M | 1.7M | 2.2M | 2.5M | 1.5M | 1.1M | 58M | 64M | 64M | 64M | 64M |
| Debt/Equity | 0.55 | 0.54 | 0.51 | 0.48 | 0.42 | 0.39 | 0.55 | 0.39 | 0.44 | 0.41 | 0.40 | 0.44 | 0.44 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0 |
| Equity | 448M | 476M | 501M | 531M | 564M | 615M | 655M | 698M | 628M | 702M | 758M | 856M | 856M |
| Total Assets | 3.7B | 3.9B | 3.9B | 4.1B | 4.2B | 4.4B | 5.1B | 5.4B | 5.4B | 5.8B | 6.2B | 6.7B | 6.7B |
| Total Liabilities | 3.3B | 3.4B | 3.4B | 3.6B | 3.6B | 3.8B | 4.5B | 4.7B | 4.8B | 5.1B | 5.4B | 5.8B | 5.8B |
| Intangibles | 477K | 291K | 133K | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 145M | 170M | 195M | 224M | 259M | 297M | 327M | 387M | 439M | 484M | 532M | 594M | 594M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 2.49 | 2.66 | 2.70 | 2.92 | 3.35 | 3.64 | 3.35 | 4.94 | 4.58 | 4.36 | 4.61 | 5.43 | 5.43 |
| Owner EPS | 3.03 | 2.89 | 3.27 | 3.28 | 3.45 | 4.44 | 3.26 | 6.27 | 5.32 | 4.51 | 5.58 | 5.49 | 5.49 |
| Book Value | 25.78 | 27.25 | 28.55 | 30.09 | 31.91 | 34.68 | 36.87 | 39.22 | 35.16 | 39.25 | 42.17 | 47.41 | 47.41 |
| Cash Flow/Share | 3.31 | 3.15 | 3.50 | 3.54 | 3.70 | 4.71 | 3.51 | 6.50 | 5.58 | 4.80 | 5.86 | 5.81 | 5.65 |
| Dividends/Share | 1.18 | 1.22 | 1.26 | 1.30 | 1.38 | 1.48 | 1.53 | 1.57 | 1.68 | 1.80 | 1.86 | 2.00 | 1.99 |
| Shares Out. | 17.4M | 17.5M | 17.5M | 17.6M | 17.7M | 17.7M | 17.8M | 17.8M | 17.9M | 17.9M | 18.0M | 18.1M | 18.1M |
| Valuation | |||||||||||||
| P/E Ratio | 9.9 | 9.1 | 13.1 | 12.0 | 8.8 | 10.0 | 9.2 | 7.5 | 8.7 | 9.5 | 11.2 | 10.6 | 14.0 |
| P/FCF | 7.7 | 8.0 | 10.7 | 10.3 | 8.3 | 8.0 | 9.0 | 5.8 | 7.7 | 9.3 | 9.5 | 10.7 | 14.1 |
| EV/EBIT | N/A | N/A | 38.3 | 31.2 | 4.2 | 3.8 | N/A | N/A | N/A | N/A | N/A | N/A | 243.9 |
| Price/Book | 1.0 | 0.9 | 1.2 | 1.2 | 0.9 | 1.0 | 0.8 | 0.9 | 1.1 | 1.1 | 1.2 | 1.2 | 1.6 |
| Price/Sales | 2.3 | 2.2 | 2.5 | 3.1 | 3.2 | 2.9 | 2.4 | 2.8 | 2.9 | 2.7 | 3.2 | 3.4 | 3.4 |
| FCF Yield | 13.0% | 12.5% | 9.4% | 9.7% | 12.0% | 12.6% | 11.1% | 17.2% | 13.1% | 10.7% | 10.5% | 9.3% | 7.1% |
| Market Cap | 427M | 421M | 619M | 620M | 521M | 644M | 547M | 659M | 716M | 741M | 928M | 1.0B | 1.4B |
| Avg. Price | 23.24 | 23.08 | 25.53 | 32.78 | 35.10 | 32.26 | 27.49 | 35.09 | 37.17 | 34.86 | 43.79 | 52.58 | 76.15 |
| Year-End Price | 24.58 | 24.09 | 35.28 | 35.17 | 29.47 | 36.35 | 30.80 | 37.00 | 40.05 | 41.43 | 51.65 | 57.77 | 76.15 |
COMMUNITY TRUST BANCORP INC /KY/ passes 6 of 9 quality checks, suggesting mixed fundamentals.
COMMUNITY TRUST BANCORP INC /KY/ trades at 14.0x trailing earnings, compared to its 15-year median P/E of 9.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 14.2x vs a median of 9.2x. The company's 5-year average ROIC is 11.4% with a gross margin of 77.5%. Total shareholder yield (dividends) is 2.6%. At current prices, the estimated annualized return to fair value is +5.2%.
COMMUNITY TRUST BANCORP INC /KY/ (CTBI) has a net profit margin of 24.0%. This is a strong margin indicating high profitability.
COMMUNITY TRUST BANCORP INC /KY/ (CTBI) generated $97 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
COMMUNITY TRUST BANCORP INC /KY/ (CTBI) has a debt-to-equity ratio of 0.44. This indicates a conservatively financed balance sheet.
COMMUNITY TRUST BANCORP INC /KY/ (CTBI) reported earnings per share (EPS) of $5.43 in its most recent fiscal year.
COMMUNITY TRUST BANCORP INC /KY/ (CTBI) has a return on equity (ROE) of 12.2%. This indicates moderate shareholder returns.
COMMUNITY TRUST BANCORP INC /KY/ (CTBI) has a 5-year average gross margin of 77.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for COMMUNITY TRUST BANCORP INC /KY/ (CTBI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
COMMUNITY TRUST BANCORP INC /KY/ (CTBI) has a book value per share of $47.41, based on its most recent annual SEC filing.
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