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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