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

Stocks in this article: CTBI

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.

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