Community Trust Bancorp Q1 net income rises 24% on higher net interest income

Community Trust Bancorp

15/04/2026 13:25

Overview

US regional bank's Q1 net income and EPS rose yr/yr, driven by higher net interest income

Net interest income for Q1 grew 14.7% yr/yr as net interest margin improved

Provision for credit losses declined from both prior quarter and prior year

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

NET INTEREST INCOME - Growth in net interest income was driven by higher net interest margin and increased average earning assets

CREDIT LOSS PROVISION - Lower provision for credit losses contributed to results, reflecting a decrease from both prior quarter and prior year

NONINTEREST INCOME VARIABILITY - Noninterest income declined from prior quarter due to lower securities and fixed asset gains, but rose year-over-year on higher bank owned life insurance revenue and trust income

Company press release: ID:nBw9MkXCma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.51
Q1 Net Income
$27.19 mln
Q1 Net Interest Income
$58.78 mln
Q1 Credit Loss Provision
$2.3 mln
Q1 Net Interest Margin
3.79%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "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 $69.00, about 7.1% above its April 14 closing price of $64.42

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

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.)