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Community Trust Bancorp, Inc. Reports 2nd Consecutive Quarter Of Record Earnings

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

                               
Earnings Summary                    
(in thousands except per share data)     2Q

2012

    1Q

2012

    2Q

2011

    6 Months

2012

    6 Months

2011

Net income $12,232 $11,869 $8,970 $24,101 $18,274
Earnings per share $0.79 $0.77 $0.59 $1.56 $1.19
Earnings per share - diluted $0.79 $0.77 $0.58 $1.56 $1.19
 
Return on average assets 1.35% 1.32% 1.03% 1.34% 1.07%
Return on average equity 12.77% 12.72% 10.23% 12.75% 10.59%
Efficiency ratio 54.94% 57.70% 61.91% 56.33% 61.34%
Tangible common equity 8.99% 8.55% 8.35% 8.99% 8.35%
 
Dividends declared per share $0.31 $0.31 $0.305 $0.62 $0.61
Book value per share $24.88 $24.15 $22.87 $24.88 $22.87
 
Weighted average shares 15,451 15,407 15,308 15,429 15,301
Weighted average shares - diluted     15,501     15,456     15,332     15,475     15,328
 

Community Trust Bancorp, Inc. (NASDAQ:CTBI) reports the second consecutive quarter of record earnings with $12.2 million, or $0.79 per basic share, compared to $9.0 million, or $0.59 per basic share, earned during the second quarter 2011 and $11.9 million, or $0.77 per basic share, earned during the first quarter 2012. Earnings for the six months ended June 30, 2012 were $24.1 million, or $1.56 per basic share, a 32% increase from the $18.3 million, or $1.19 per basic share earned during the first six months of 2011.

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