Community Trust Bancorp Posts Record Q2 2026 Profit of $1.64 per Share, but Nonperforming Loans Jump
CTBI sits 45% above its 52-week low of $50.25.
Summary
Community Trust Bancorp posted record Q2 2026 net income of $29.6M ($1.64 EPS), driven by margin expansion and loan growth, but nonperforming loans spiked $9M QoQ to $29.7M due to one large commercial credit migrating to 90+ days past due.
Key Events · Earnings and Guidance · CTBI
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Record Q2 Earnings
Net income reached $29.6M ($1.64 EPS), up from $24.9M ($1.38 EPS) in Q2 2025, fueled by a 12.7% YoY increase in net interest income to $60.9M and a 16 bps margin expansion to 3.80%.
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Nonperforming Loans Spike
Nonperforming loans rose $9.0M QoQ to $29.7M, primarily due to one $8.7M well-secured commercial relationship moving to 90+ days past due; management says it is in the process of collection.
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Strong Balance Sheet Growth
Loans grew 9.0% YoY to $5.1B, deposits increased 9.1% to $6.0B, and shareholders' equity rose 10.5% to $891.8M.
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Dividend Increase
The quarterly dividend was raised to $0.53 per share from $0.47 in Q2 2025, reflecting confidence in sustained earnings.
Analysis · CTBI · Finance
A record quarterly net income of $29.6 million, or $1.64 per share, handily beat the $1.38 earned a year ago. Driving the performance, net interest margin expanded 16 basis points to 3.80% as loan yields held firm while deposit costs eased. The balance sheet grew solidly — loans up 9% year-over-year, deposits up 9.1%. However, nonperforming loans jumped $9 million from the prior quarter to $29.7 million, largely because one $8.7 million commercial relationship moved into the 90+ days past due bucket. While management describes it as well-secured and in collection, the sudden deterioration warrants attention. The dividend was raised to $0.53 per share, signaling board confidence in the earnings trajectory.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.8% of the 1640 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.58%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CTBI was trading at $72.80 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $50.25 to $74.57. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.