- Community Trust Bancorp press release ( NASDAQ: CTBI ): Q3 GAAP EPS of $1.08 misses by $0.08 .
- Revenue of $58.22M (+3.2% Y/Y) beats by $1.27M .
- Provision for credit losses for the quarter was $2.4 million, compared to provision of $0.1 million for the quarter ended June 30, 2022 and a recovery of provision of $0.2 million for the third quarter 2021.
- Our loan portfolio increased $72.2 million, an annualized 8.0%, from June 30, 2022 and $232.4 million, or 6.8%, from September 30, 2021.
- Deposits, including repurchase agreements, at $4.8 billion increased $53.5 million, or an annualized 4.5%, from June 30, 2022 and $176.9 million, or 3.9%, from September 30, 2021.
- Shareholders’ equity declined $29.5 million, or an annualized 18.5%, during the quarter and $89.1 million, or 12.9%, from September 30, 2021, as a result of the continued increase in unrealized losses on our securities portfolio.
- Noninterest income for the quarter ended September 30, 2022 of $14.7 million was $0.2 million, or 1.2%, above prior quarter and $0.3 million, or 2.0%, above prior year same quarter.
- Noninterest expense for the quarter ended September 30, 2022 of $31.5 million was $1.5 million, or 5.0%, higher than prior quarter and $1.1 million, or 3.8%, above prior year same quarter.
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Community Trust Bancorp GAAP EPS of $1.08 misses by $0.08, revenue of $58.22M beats by $1.27M