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TheStreet Open House

Community Trust Bancorp, Inc. Reports 3rd Quarter 2012 Earnings

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

                   
Earnings Summary
(in thousands except per share data)     3Q

2012

    2Q

2012

    3Q

2011

    9 Months

2012

    9 Months

2011

Net income $10,209 $12,232 $10,665 $34,310 $28,939
Earnings per share $0.66 $0.79 $0.70 $2.22 $1.89
Earnings per share - diluted $0.66 $0.79 $0.70 $2.21 $1.89
 
Return on average assets 1.11% 1.35% 1.20% 1.26% 1.11%
Return on average equity 10.26% 12.77% 11.75% 11.89% 10.99%
Efficiency ratio 58.19% 54.94% 58.10% 56.95% 60.25%
Tangible common equity 9.22% 8.99% 8.44% 9.22% 8.44%
 
Dividends declared per share $0.315 $0.310 $0.310 $0.935 $0.920
Book value per share $25.38 $24.88 $23.44 $25.38 $23.44
 
Weighted average shares 15,491 15,451 15,318 15,450 15,307
Weighted average shares - diluted     15,555     15,501     15,339     15,501     15,331
 

Community Trust Bancorp, Inc. (NASDAQ:CTBI) reports earnings for the third quarter 2012 of $10.2 million, or $0.66 per basic share, compared to $10.7 million, or $0.70 per basic share, earned during the third quarter 2011 and $12.2 million, or $0.79 per basic share, earned during the second quarter 2012. Earnings for the nine months ended September 30, 2012 were $34.3 million, or $2.22 per basic share, a 18.6% increase from the $28.9 million, or $1.89 per basic share earned during the first nine months of 2011.

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