This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Community Trust Bancorp, Inc. Reports Earnings For Second Quarter 2011

Community Trust Bancorp, Inc. (NASDAQ:CTBI):
         
Earnings Summary
(in thousands except per share data)   2Q

2011
  1Q

2011
  2Q

2010
  6 Months

2011
  6 Months

2010
Net income $ 8,970 $ 9,304 $ 8,553 $   18,274 $   15,344
Earnings per share $ 0.59 $ 0.61 $ 0.56 $ 1.19 $ 1.01
Earnings per share—diluted $ 0.58 $ 0.61 $ 0.56 $ 1.19 $ 1.01
 
Return on average assets 1.03% 1.11% 1.06% 1.07% 0.98%
Return on average equity 10.23% 10.96% 10.40% 10.59% 9.44%
Efficiency ratio 61.91% 60.78% 60.41% 61.34% 59.93%
Tangible common equity 8.35% 8.19% 8.43% 8.35% 8.43%
 
Dividends declared per share $ 0.305 $ 0.305 $ 0.30 $ 0.61 $ 0.60
Book value per share $ 22.87 $ 22.38 $ 21.60 $ 22.87 $ 21.60
 
Weighted average shares 15,308 15,294 15,228 15,301 15,215
Weighted average shares—diluted     15,332     15,324     15,305       15,328       15,252
 

Community Trust Bancorp, Inc. (NASDAQ:CTBI) reports earnings of $9.0 million, or $0.59 per basic share, compared to $8.6 million, or $0.56 per basic share, earned during the second quarter of 2010 and $9.3 million, or $0.61 per basic share, earned during the first quarter 2011. Earnings for the six months ended June 30, 2011 increased 19.1% to $18.3 million, or $1.19 per basic share, from the $15.3 million, or $1.01 per basic share, earned during the six months ended June 30, 2010.

1 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs