Overview
Regional bank's Q4 net income rose to $27.3 mln, marking a record quarter
Net interest income for Q4 increased 17.3% yr/yr
Provision for credit losses decreased from prior quarter but rose yr/yr
Outlook
Community Trust Bancorp did not provide specific guidance for future quarters or years in its press release
Result Drivers
NET INTEREST INCOME - Increased 17.3% yr/yr due to higher net interest margins and growth in earning assets
ASSET QUALITY - Reduction in nonperforming loans and net charge-offs improved asset quality
LOAN PORTFOLIO GROWTH - Expansion in commercial and residential loans supported revenue growth
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$1.51
Q4 Net Income
$27.28 mln
Q4 Net Interest Income
$58.12 mln
Q4 Credit Loss Provision
$2.90 mln
Q4 Net Interest Margin
3.67%
Analyst Coverage
The current average analyst rating on the shares is "strong 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 "buy."
Wall Street's median 12-month price target for Community Trust Bancorp Inc is $60.50, about 2.6% above its January 20 closing price of $58.98
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nBw1NR5ZKa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)
