Community Trust Bancorp's Q3 net interest income rises nearly 10%

Community Trust Bancorp

21/10/2026 13:24

Overview
US regional bank's Q3 net income and EPS rose from prior year
Net interest income grew 9.9% yr/yr in Q3
Provision for credit losses rose sharply due to higher net charge-offs and loan growth

Outlook
Company did not provide specific guidance or outlook for future quarters or full year in its press release

Result Drivers
CREDIT LOSS PROVISION - Higher provision for credit losses driven by increased net charge-offs and significant loan growth
NONINTEREST INCOME - Growth in noninterest income mainly due to higher deposit related fees, trust and wealth management income, and brokerage revenue
EXPENSE MANAGEMENT - Lower noninterest expense due to reduced group medical and life insurance costs, partly offset by higher salaries and other expenses

Company press release: ID:nBw8wYx7Da

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$1.43
 
Q3 Net Income
 
$25.89 mln
 
Q3 Net Interest Income
 
$61.06 mln
 
Q3 Net Interest Margin
 
3.63%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "hold."
Wall Street's median 12-month price target for Community Trust Bancorp, Inc. is $81.00, about 7.6% above its October 20 closing price of $75.30
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Oct 19 - Zions Bancorp Q3 EPS rises 20% on improved credit quality
Oct 20 - KeyCorp Q3 revenue rises 8% to record, profit up 24%
Oct 20 - Commerce Bancshares Q3 EPS beats, helped by loan growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)