Community Trust Bancorp, Inc. Reports Record Earnings For 2012
Community Trust Bancorp, Inc. (NASDAQ: CTBI):
| Earnings Summary | ||||||||||||||||
| (in thousands except per share data) | 4Q 2012 | 3Q 2012 | 4Q 2011 | Year 2012 | Year 2011 | |||||||||||
| Net income | $10,552 | $10,209 | $9,888 | $44,862 | $38,827 | |||||||||||
| Earnings per share | $0.68 | $0.66 | $0.64 | $2.90 | $2.54 | |||||||||||
| Earnings per share – diluted | $0.68 | $0.66 | $0.64 | $2.89 | $2.53 | |||||||||||
| Return on average assets | 1.15% | 1.11% | 1.09% | 1.23% | 1.11% | |||||||||||
| Return on average equity | 10.47% | 10.26% | 10.71% | 11.52% | 10.91% | |||||||||||
| Efficiency ratio | 60.75% | 58.19% | 60.15% | 57.93% | 60.23% | |||||||||||
| Tangible common equity | 9.36% | 9.22% | 8.52% | 9.36% | 8.52% | |||||||||||
| Dividends declared per share | $0.315 | $0.315 | $0.310 | $1.25 | $1.23 | |||||||||||
| Book value per share | $25.64 | $25.38 | $23.78 | $25.64 | $23.78 | |||||||||||
| Weighted average shares | 15,516 | 15,491 | 15,332 | 15,466 | 15,313 | |||||||||||
| Weighted average shares – diluted | 15,572 | 15,555 | 15,384 | 15,521 | 15,364 | |||||||||||
Community Trust Bancorp, Inc. (NASDAQ: CTBI) reports earnings for the fourth quarter 2012 of $10.6 million, or $0.68 per basic share, compared to $9.9 million, or $0.64 per basic share, earned during the fourth quarter 2011 and $10.2 million, or $0.66 per basic share, earned during the third quarter 2012. Earnings for the year ended December 31, 2012 were $44.9 million, or $2.90 per basic share, a 15.5% increase from the $38.8 million, or $2.54 per basic share earned during the year 2011.
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