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Community Trust Bancorp, Inc. Reports Increased Earnings For The Year 2011

Community Trust Bancorp, Inc. (NASDAQ:CTBI):

                     
Earnings Summary          
(in thousands except per share data)   4Q

2011

  3Q

2011

  4Q

2010

 

Year

2011

 

Year

2010

Net income $ 9,888 $ 10,665 $ 9,240 $ 38,827 $ 33,034
Earnings per share $ 0.64 $ 0.70 $ 0.61 $ 2.54 $ 2.17
Earnings per share—diluted $ 0.64 $ 0.70 $ 0.60 $ 2.53 $ 2.16
 
Return on average assets 1.09% 1.20% 1.11% 1.11% 1.03%
Return on average equity 10.71% 11.75% 10.71% 10.91% 9.90%
Efficiency ratio 60.15% 58.10% 58.50% 60.23% 59.45%
Tangible common equity 8.52% 8.44% 8.26% 8.52% 8.26%
 
Dividends declared per share $ 0.31 $ 0.31 $ 0.305 $ 1.23 $ 1.21
Book value per share $ 23.78 $ 23.44 $ 22.08 $ 23.78 $ 22.08
 
Weighted average shares 15,332 15,318 15,265 15,313 15,234
Weighted average shares—diluted     15,357     15,339     15,294     15,337     15,259
 

Community Trust Bancorp, Inc. (NASDAQ:CTBI) reports earnings of $9.9 million, or $0.64 per basic share, compared to $9.2 million, or $0.61 per basic share, earned during the fourth quarter of 2010 and $10.7 million, or $0.70 per basic share, earned during the third quarter 2011. Earnings for the year ended December 31, 2011 increased 17.5% to $38.8 million, or $2.54 per basic share, from the $33.0 million, or $2.17 per basic share, earned during the year ended December 31, 2010.

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