Community Trust Bancorp’s Q4 earnings exceeded estimates, showing strong revenue growth and key performance metrics.
City: Pikeville. Community Trust Bancorp (CTBI) just reported some solid numbers for the last quarter of 2024. They pulled in about $65.96 million in revenue, which is a nice jump of 15.7% from last year. Their earnings per share (EPS) also went up to $1.25, compared to $1.04 a year ago.
What’s interesting is that this revenue beat the Zacks Consensus Estimate of $64 million by about 3.06%. They also surprised on EPS, which was expected to be $1.20. Investors are always keen on these numbers to gauge how the company is doing.
Now, while the headline figures are important, there are some key metrics that really give a clearer picture of how the company is performing. These metrics help investors figure out how the stock might do in the future.
So, here’s a quick rundown of how CTBI did in the last quarter based on some of those important metrics: their efficiency ratio was 51.6%, slightly better than the 51.8% that analysts expected. The net interest margin came in at 3.4%, right on target with estimates.
They also reported average balances of interest-earning assets at $5.78 billion, which beat the $5.66 billion estimate. Their net charge-offs as a percentage of average loans were 0.1%, better than the 0.2% that was expected.
In terms of net interest income, they made $49.53 million, surpassing the $48.24 million estimate. Total non-interest income was $16.16 million, also beating the $15.20 million estimate.
Loan-related fees came in at $1.47 million, higher than the $1.05 million expected, and deposit-related fees were $7.62 million, above the $7.27 million estimate. Trust revenue was $3.96 million, beating the $3.87 million estimate, and other non-interest income was $2.54 million, compared to the $2.05 million estimate.
Overall, shares of Community Trust Bancorp have dropped about 8.3% over the past month, while the S&P 500 composite fell 3.3%. Right now, the stock has a Zacks Rank of #3, which means it’s expected to perform in line with the market soon.
